FolkFunding Launches ClubCore, to Manage Club Deals

FolkFunding has officially released ClubCore, an “as a service” platform that allows companies and professionals to manage club deals in a fully compliant way, including privacy.

The company, founded by Angelo Rindone, is known for Produzioni dal Basso, Italy’s largest donation and reward crowdfunding platform, and for CrowdCore, a white-label service for generating crowd-investing platforms (equity and lending crowdfunding).

ClubCore makes it possible to organize and manage small club deals in a few clicks in “as a service” mode, building “intranet” platforms, thus confidential and not open to the public, with the purpose of aggregating people, communities, and closed communities of investors around a project.

Read more about ClubCore and find the most important business news of the day with the Born2Invest mobile app.

Why ClubCore is a very useful tool

In a recent interview with Startup News, Rindone explained that the genesis of ClubCore stems first and foremost from the observation that the “community” component in crowd-investing platforms has been gradually being lost, partly, if not mainly, due to the not-easy ongoing quest for compliance with respect to regulations.

In addition, according to Rindone, the new European crowd-investing regulation, which requires platforms to make significant investments, including organizational investments, could reduce by as much as 50 percent the number of platforms already operating, and therefore “ClubCore may become interesting for those who nonetheless want to continue to operate in the market, certainly under a lighter form such as a club deal.”

Finally, already now, both in real estate crowd investing and, above all, in equity crowdfunding for startups and SMEs, it is essential to make use of “pre-market” activities, that is, the collection of expressions of interest from potential investors, before the launch of the campaign.

In this sense, too, ClubCore can be useful to the company about to raise as it allows it to engage and activate its community by previewing the project.

In addition, through public API systems it will be possible to integrate with any Crowd investing platform (Equity or lending), thus also allowing the finalization of the deal.

__

(Featured image by Adeolu Eletu via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.