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The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has closed an investment in WealthForge Holdings, Inc., a Richmond-based company that runs a complete, cost-effective and scalable transactional system connecting to crowdfunding portals, investment banks and investment advisors.
CIT President and CEO Pete Jobse said, “WealthForge serves a growing market. Our CIT GAP Funds investment reflects our confidence in the company, which is positioned for solid growth.”
WealthForge provides infrastructure for crowdfunding portals that lack compliance expertise to conduct transactions themselves. With its integrated platform, WealthForge 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 in compliance with Financial Industry Regulatory Administration (FINRA) and Securities Exchange Commission (SEC) mandates.