NEO has introduced DealSquare, Canada´s first centralized platform to simplify private placements in Canada, by digitally connecting capital raisers to dealers and their investment advisor networks, the company said.
DealSquare is a technology solution developed by NEO in partnership with Silver Maple Ventures Inc., the company behind Canada´s online B2C private markets investment platform, FrontFundr, https://www.FrontFundr.com.
DealSquare will support the entire private placement process from marketing investment opportunities and electronically managing the due diligence and subscription process, through to efficiently closing the deal. By utilizing NEO Connect technology, exempt securities will be seamlessly integrated into client accounts and back office systems. With broader and more efficient access to private placement offerings, the costs and operational risks of raising private money will go down, ultimately expanding investment opportunities.
DealSquare launched with three dealers immediately connected to the platform and six active private placement offerings.
DealSquare is a centralized digital platform that gives registered users the ability to efficiently find, analyze and transact private market deals. With the complete roll-out of the platform during the first half of 2020, this dealer-to-dealer platform will digitally support the private placement process: capital raisers publish their private placement opportunities; dealers complete their due diligence; and advisors electronically subscribe to a deal, with exempt securities seamlessly integrated into client accounts and back office systems utilizing NEO Connect technology.
NEO or the NEO Group comprises Aequitas Innovations Inc. and its subsidiaries, a group of established fintech companies that provide capital markets infrastructure designed for and led by the industry. To learn more, visit: https://www.aequitasneo.com.