Technology News

BancBox Launches Crowdfunding Escrow Service

Friday, April 26, 2013 5:17:00 AM PDT | VentureDeal

   San Mateo, California  --  Payment service provider BancBox has announced the launch of an independent escrow service for equity, debt and revenue share crowdfunding portals.

Called BancBox Crowd, the service enables crowdfunding portals to automatically process investor contributions while remaining in compliance with various federal requirements.

BancBox says that it already manages $100 million in consumer deposits each day and its transaction volume has increased to nearly $2 billion annually.

Email Page  Email Page | Print Page Print Page

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.
Venturedeal Twitter Venturedeal Facebook Venturedeal Linkedin

PCI - Level1