In Canada, we have the benefit of investing into Registered Retirement Savings Plan (RRSP) or Tax Free Savings Accounts (TFSA). And did you know you can use this money in ways to impact your community directly?This blog outlines how you can use RRSP or TFSA to invest in early stage companies, as well as why entrepreneurs offer this opportunity to investors. This is especially timely as the 2017 RRSP deadline approaches on February 28, 2018.
Finova Financial, a digital financial services provider, announced today that the world’s first equity-linked token, JOBS Crypto Offering (JCO), will soon be available to Canadian accredited and non-accrdited investors through FrontFundr. Finova’s token will carry the unique attribute of being linked to a share of equity in Finova and will provide for an ERC-20 Ethereum token standard that can not only be traded in cryptocurrency but is also backed by assets in a U.S. corporation.
Earlier today FrontFundr announced a partnership with Keiretsu Forum and Keiretsu Capital Partners. I am proud about the potential this partnership will bring our organizations and our companies.
Since FrontFundr was founded in early 2014, I have been a strong advocate of collaboration between the angel community and the emerging online investing sector in private companies.
I have been encouraging angel investors to become “agents of change” and embrace the opportunity of using technology to expand the available capital pool for early stage investing. Online investing in private companies, often referred to as Investment Crowdfunding, and angel investing go hand in hand. Angel investor networks have access to companies and take them through a screening process. However, most angel networks also have a common challenge: They are constantly seeking opportunities to increase their capital pool by funding new companies.