AXA XL and Assurely join forces to advance crowdfunding with new investor protection insurance
Assurely, the InsurTech company founded by David Carpentier and Ty Sagalow, today announced it has launched in collaboration with AXA XL, a division of AXA, CrowdProtector™, a new insurance product for issuers and investors that safeguards new online capital formation strategies, including equity crowdfunding and security token offerings (STOs). Numerous crowdfunding portals have already signed on, with a growing list of adopters to follow.
An Economic Shift in the Business of Fundraising
The emergence of online capital formation strategies such as equity crowdfunding or security token offerings (STOs) signifies a fundamental change in our economy.
New economic markets, such as crowdfunding and online capital formation, create great new opportunities for the Main Street investor, but also pose new risks. To combat new risks in new markets, investors look for a symbol of safety, validity, and trust.
CrowdProtector provides the essential ingredient, addressing the lingering problems for both the investor and the issuer.
CrowdProtector is a tailor-made insurance product designed to protect new online capital formation strategies, such as equity crowdfunding and security token offerings, allowing for a symbol of trust, confidence, and safety to be embedded into capital raising efforts.
Issuers get protection against investor complaints and lawsuits. Subject to the policy’s terms, investors can get their principal investment returned should the issuer misuse the funds, purposefully misrepresent information in their offering documents or steal the money.
There is no payment for CrowdProtector unless the online fundraising campaign is successful.
Click here to learn more about CrowdProtector.
Click here to download the fact sheet.
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