WealthForge Holdings, Inc., a Richmond-based company that runs a transactional system connecting to crowdfunding portals, investment banks and investment advisors, raised a funding of undisclosed amount.
CIT GAP Funds made the investment.
The company intends to use the funds to continue to grow.
Led by Mat Dellorso, founder and CEO, WealthForge provides infrastructure for crowdfunding portals that lack compliance expertise to conduct transactions themselves. With its integrated platform, the company aggregates a large portion of the online private placement and crowdfunding investment market and provides proper solicitation, offering due diligence, payment processing and anti-money laundering, among other services.
The transactional system is compliant with Financial Industry Regulatory Administration (FINRA) and Securities Exchange Commission (SEC) mandates.