Q&A with Oscar Jofre Jr., Co-Founder, President/CEO at KoreConX

Media 7 | July 30, 2021

Oscar Jofre Jr., Co-Founder, President/CEO at KoreConX, is currently one of the Top 10 Global Thought Leaders in Equity Crowdfunding, a Top 5 Fintech Influencer, Top 10 Blockchain and a Top 50 InsureTech. He has published an eBook that has been downloaded in over 20 countries and been distributed by partners worldwide.

Oscar is a featured speaker on Fintech, regulated, equity crowdfunding, compliance, shareholder management, investor relations, and transparency in the USA, Australia, UK, Germany, France, Netherlands, Canada, Singapore, Indonesia and China. He speaks to audiences covering alternative finance, RegTech, insurance, banking, legal, and crowdfunding. Oscar also advises the world’s leading research, accounting, law firms and insurance companies on the impact Fintech, RegTech, LegalTech, InsurTech and OrgTech are having in their business.

He is a member of the Crowdfunding Intermediary Regulatory Advocates (CFIRA) in the USA, and a contributing author to The Fintech Book, the world’s first crowdsourced book on Fintech globally. He writes for Sharewise, Locavesting, Equities.com, Business.com, Crowdfund Insider, CrowdfundBeat, and Agoracom.

From an economic point of view, it is very premature to predict what we have for the next months and years, but within all the effects that this pandemic brought, it is notable that people have increased the desire to have their own companies and go digital.



MEDIA 7: Could you please take us through your journey to becoming one of the most influential thought leaders in equity crowdfunding, fintech, and insurtech?
OSCAR JOFRE JR:
My career was built on bringing innovative solutions, not only for the business but with the purpose of making a real impact on people's lives. With this background, I founded BabelFish, which was the first online language translator; and this platform was the predecessor of online services that we know nowadays. After this business, I could develop and participate in other initiatives related to facilitating the language industry. In 2003, I founded BoardSuite, a SaaS-based platform to manage board documents in order to help businesses to avoid issues with compliance. This experience made me understand what the biggest issues and challenges for companies were, when it came to managing and storing their documents - one of the functionalities of our KoreConX All-In-One platform.

In 2016, I had the opportunity to act as an Advisor for a Regulated Crowdfunding, and the idea there was to create a crowdfunding platform to raise capital for cannabis businesses, as this sector was emerging as one of the most important ones and this portal was focused on offering access to the business. After that, I gained more experience in the technology industry acting as Chairman and Advisor for many companies. With this background, I decided to start a new business venture to unite the features and innovations that the world of technology has, with the goal of empowering entrepreneurs to raise capital for their businesses. KoreConX was created, not only to help companies manage their documents and communication with their shareholders in a simple way, but also to empower these people with functional tools in a secure All-in-One platform.


M7: Your e-book, Equity Crowdfunding 101: The Global Phenomenon, is a grand success. Could you please tell us more about it?
OJ:
Thank you for the recognition! This book was written with the entire purpose of guiding people and allowing them to understand that crowdfunding is neither impossible nor difficult. During all these years, I saw an uncountable number of companies that tried to grow (often with an incredible idea and purpose, but with limited amounts of money) and were faced with a bunch of obstacles. So, I decided to write an easy-to-read guide with a friendly tone to provide people with all the information they would need to empower themselves and to understand all the ways to raise capital. It is important to note that this ebook is available in English, Spanish, and Mandarin. I am happy that my book could reach a lot of people to demystify this environment.


Being online is not an option anymore, it is completely mandatory to all the sectors to survive. It is a huge opportunity for KoreConX, to help these people to emancipate themselves through their businesses.


M7: What does KoreConX’s all-in-one platform contain that efficiently and securely manages business data?
OJ:
KoreConX’s All-In-One platform is the first in the Private Capital Markets to be based on blockchain infrastructure utilizing Hyperledger Fabric to help manage the entire life cycle of company-issued securities. We are the first industry solution to have an End To End product solution that enables companies to issue their securities digitally through a Primary offering, all the way through to a Secondary Trading Market called a Digital ATS (Alternative Trading System), which is broker-dealer operated and approved by FINRA.


M7: How does KoreConX’s issuance management platform simplify operational processes for broker-dealers?
OJ:
When it comes to our solutions for broker-dealers, our All-In-One platform allows the management of their clients' fundraising activities such as personal data, documents, and all related information for their checkings. They are able to view all the required data in one location. In addition, our compliance management system is part of the all-in-one solution and facilitates efficient compliance with regulatory requirements. It is vital for our partners, due to the long and tedious process that they have to face. KoreConX platform optimizes this journey and saves time.


We are the first industry solution to have an End To End product solution that enables companies to issue their securities digitally through a Primary offering, all the way through to a Secondary Trading Market called a Digital ATS



M7: What are the top challenges you see for the industry in general and KoreConX this year?
OJ:
Not only for tech industries, but all sectors have been coping with a challenging scenario brought by the COVID-19 pandemic since last year. Although, companies that already had an innovative culture and mindset, certainly are getting by more softly regardless of the emergency and all the changes that have emerged not only in our industry but in society as well. From an economic point of view, it is very premature to predict what we have for the next months and years, but within all the effects that this pandemic brought, it is notable that people have increased the desire to have their own companies and go digital. Being online is not an option anymore, it is completely mandatory to all the sectors to survive. It is a huge opportunity for KoreConX, to help these people to emancipate themselves through their businesses.


M7: Knowing what you know now, what advice would you give to your younger self?
OJ:
Stay the course and continue the journey.

ABOUT KORECONX

Founded in 2016, KoreConX is the first secure, All-In-One platform that manages private companies' capital market activity and stakeholder communications. With an innovative approach and to ensure compliance with securities regulations and corporate law, KoreConX offers a single environment to connect companies to the capital markets and now secondary markets. Additionally, investors, broker-dealers, law firms, accountants, and investor acquisition firms, all leverage our eco-system solution. For investor relations and fundraising, the platform enables private companies to share and manage corporate records and investments: it assists with portfolio management, capitalization table, and shareholder management, virtual minute book, security registration, transfer agent services, and virtual deal rooms for raising capital. The All-In-One platform manages the full life cycle of digital securities, including their issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship.

More C-Suite on deck

'We're in a situation now where we've got so many new technologies all at the same time' says Hirander Misra, Chairman & CEO of GMEX Group

Media 7 | April 27, 2022

Hirander Misra, Chairman & CEO of GMEX Group shares his thought on the rise in digital assets including cryptocurrencies and blockchain. He talks about GMEX MultiHub (GMEX), a new business unit of the GMEX Group which has launched Digital MultiHub (MultiHub), a global cloud-enabled trading and post-trade digital market infrastructure platform which facilitates third-party trading and post-trade services across traditional and digital asset markets.

Read More

‘Crypto will promote a huge change in the financial service ecosystem,’ believes Roberta Antunes

Media 7 | November 24, 2021

Roberta Antunes, Chief of Growth at Hashdex, takes us through her wonderful professional journey and shares how Hashdex provides investors with secure access to cryptocurrency assets. Read on to find out how blockchain technology will redefine the financial service ecosystem.

Read More

'There is a revenue relationship between marketing and sales,' says Debbie Qaqish, Partner and Chief Strategy Officer at The Pedowitz Group

Media 7 | October 21, 2021

Debbie Qaqish, Partner and Chief Strategy Officer at The Pedowitz Group, takes us through her passion-fuelled worldview of marketing operations that are strategically aimed to drive revenue. In this interview, we had the opportunity to take a peek at her concept of "revenue marketing," strategic marketing operations, and her inspiration behind authoring several award-winning books. Read on to find out how to optimize sales and marketing collaboration tools, and how to leverage data to create powerful marketing campaigns.

Read More

'We're in a situation now where we've got so many new technologies all at the same time' says Hirander Misra, Chairman & CEO of GMEX Group

Media 7 | April 27, 2022

Hirander Misra, Chairman & CEO of GMEX Group shares his thought on the rise in digital assets including cryptocurrencies and blockchain. He talks about GMEX MultiHub (GMEX), a new business unit of the GMEX Group which has launched Digital MultiHub (MultiHub), a global cloud-enabled trading and post-trade digital market infrastructure platform which facilitates third-party trading and post-trade services across traditional and digital asset markets.

Read More

‘Crypto will promote a huge change in the financial service ecosystem,’ believes Roberta Antunes

Media 7 | November 24, 2021

Roberta Antunes, Chief of Growth at Hashdex, takes us through her wonderful professional journey and shares how Hashdex provides investors with secure access to cryptocurrency assets. Read on to find out how blockchain technology will redefine the financial service ecosystem.

Read More

'There is a revenue relationship between marketing and sales,' says Debbie Qaqish, Partner and Chief Strategy Officer at The Pedowitz Group

Media 7 | October 21, 2021

Debbie Qaqish, Partner and Chief Strategy Officer at The Pedowitz Group, takes us through her passion-fuelled worldview of marketing operations that are strategically aimed to drive revenue. In this interview, we had the opportunity to take a peek at her concept of "revenue marketing," strategic marketing operations, and her inspiration behind authoring several award-winning books. Read on to find out how to optimize sales and marketing collaboration tools, and how to leverage data to create powerful marketing campaigns.

Read More

Related News

PAYMENTS,BLOCKCHAIN

SGH to Acquire Stratus Technologies

SGH | June 30, 2022

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that it has entered into a definitive agreement with affiliates of Siris Capital Group, LLC, to acquire Stratus Technologies (“Stratus”), a global leader in simplified, protected, and autonomous computing solutions in the data center and at the Edge. Under the terms of the agreement, SGH will pay $225 million in cash at closing and an earn-out payment of up to $50 million, based on the gross profit performance of the Stratus business during the first full 12 fiscal months of Stratus following the closing. Consistent with the Company’s existing lines of business, Stratus delivers differentiated technology solutions to specialty end markets. In particular, the addition of Stratus’ high-availability, fault-tolerant computing platforms, software, and services will expand the Company’s Intelligent Platform Solutions (“IPS”) business to better serve Stratus and IPS customers worldwide. This transaction builds upon our successful track record of M&A at SGH, The high-availability and fault-tolerant capabilities of Stratus will expand our IPS offerings in Edge, Core, and Cloud, and will enable us to more comprehensively address our combined customers’ needs. We look forward to welcoming the Stratus team to SGH.” Mark Adams, CEO of SGH. About Stratus For leaders digitally transforming their operations to drive predictable, peak performance with minimal risk, Stratus ensures the continuous availability of business-critical applications by delivering zero-touch Edge Computing platforms that are simple to deploy and maintain, protected from interruptions and threats, and autonomous. For 40 years, we have provided reliable and redundant zero-touch computing, enabling global Fortune 500 companies and small-to-medium sized businesses to securely and remotely turn data into actionable intelligence at the Edge, Cloud and Data Center – driving uptime and efficiency. About SGH At SGH, our companies are united by a drive to raise the bar, execute with discipline and focus on what’s next for the technologies that support and advance the world. Across computing, memory, and LED lighting solutions, we build long-term strategic partnerships with our customers. Backed by a proven leadership team, we operate with excellence around the globe while unlocking new avenues of growth for our business and industry. About Siris Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris' development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris' Executive Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York, Silicon Valley and West Palm Beach, and has raised nearly $6 billion in cumulative capital commitments.

Read More

FINTECH

Premier FinTech Firm CPQi Acquired by Exadel

Exadel | June 23, 2022

Exadel, a leading software consultancy firm with a global footprint, announced that it has acquired fintech company CPQi, whose offerings include transformational services for companies around the world. I am delighted to welcome CPQi to the Exadel family. This new partnership brings an extensive range of FinTech capabilities as well as advanced technology expertise in the areas of robotics process automation, predictive technology, and cloud services that add significantly to our overall offering. And with offices in Brazil, Chile, Peru, Mexico, and Canada, CPQi fits perfectly with our greater expansion into Latin America and Canada. I am confident that the addition of CPQi capabilities and locations alongside Exadel's service and solution offerings will create significant value for clients in the marketplace and continue to drive growth." Darren Oberst, CEO of Exadel CPQi offers consulting and technical services as well as resources for top financial institutions in the Americas, with an emphasis on cutting-edge fields like blockchain development, omnichannel banking, and predictive artificial intelligence. The geographical spread, culture, and scale of Exadel made them the perfect choice for our next stage of growth. Matching our expertise in the financial markets technology arena with the new markets and much larger talent base of Exadel makes this a winning combination." Terry Boyland, Founder and CEO, CPQi

Read More

FINANCIAL MANAGEMENT

Saphyre and Citi Team Up to Offer Accelerated Account Management for Clients

Saphyre | June 29, 2022

The Saphyre platform is now accessible to Citi Securities Services' shared custody clients to manage new account openings and maintenance, according to a fintech business leveraging patent-approved AI technology. The Saphyre technology offers Citi an alternative to its current account management system and can have the advantage of greatly automating and accelerating client onboarding. "Our constant focus is on reducing friction and providing efficiencies for clients. Adding Saphyre into our ecosystem further eliminates manual tasks for clients and reduces time to market.” Rebekah Flohr, Managing Director, North America Head of Custody Product, Citi "Adding Saphyre to our open architecture platform provides flexibility for shared clients, allowing them to connect seamlessly across our extensive custody network via a single onboarding portal.” Michele Pitts, Managing Director, U.S. Head of Custody Product at Citi Having Citi Securities Services live on the Saphyre platform is a tremendous accolade for our firm. By doing so, Citi takes advantage of Saphyre's strategic technology capabilities in providing a true ready-to-trade status of client accounts. This patented AI-driven end-result is made possible on the back of Citi's operations taking advantage of our smart technology that pre-fills client custody packs, digital signatures, auto-setup SWIFT Reporting, trade message routing, and corporate action standing instructions – all the while tracking market requirements and their respective document statuses. The post-COVID world requires AI and digital strategies. Together, Citi and Saphyre are utilizing these technologies to provide innovative solutions that benefit their clients. As part of Citi's integrated custody experience for its clients, integrating with Saphyre will further enhance the bank's ability to further streamline processes seamlessly for clients that use both global and direct custodian businesses." Gabino M. Roche, Jr., CEO and Founder at Saphyre

Read More

PAYMENTS,BLOCKCHAIN

SGH to Acquire Stratus Technologies

SGH | June 30, 2022

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that it has entered into a definitive agreement with affiliates of Siris Capital Group, LLC, to acquire Stratus Technologies (“Stratus”), a global leader in simplified, protected, and autonomous computing solutions in the data center and at the Edge. Under the terms of the agreement, SGH will pay $225 million in cash at closing and an earn-out payment of up to $50 million, based on the gross profit performance of the Stratus business during the first full 12 fiscal months of Stratus following the closing. Consistent with the Company’s existing lines of business, Stratus delivers differentiated technology solutions to specialty end markets. In particular, the addition of Stratus’ high-availability, fault-tolerant computing platforms, software, and services will expand the Company’s Intelligent Platform Solutions (“IPS”) business to better serve Stratus and IPS customers worldwide. This transaction builds upon our successful track record of M&A at SGH, The high-availability and fault-tolerant capabilities of Stratus will expand our IPS offerings in Edge, Core, and Cloud, and will enable us to more comprehensively address our combined customers’ needs. We look forward to welcoming the Stratus team to SGH.” Mark Adams, CEO of SGH. About Stratus For leaders digitally transforming their operations to drive predictable, peak performance with minimal risk, Stratus ensures the continuous availability of business-critical applications by delivering zero-touch Edge Computing platforms that are simple to deploy and maintain, protected from interruptions and threats, and autonomous. For 40 years, we have provided reliable and redundant zero-touch computing, enabling global Fortune 500 companies and small-to-medium sized businesses to securely and remotely turn data into actionable intelligence at the Edge, Cloud and Data Center – driving uptime and efficiency. About SGH At SGH, our companies are united by a drive to raise the bar, execute with discipline and focus on what’s next for the technologies that support and advance the world. Across computing, memory, and LED lighting solutions, we build long-term strategic partnerships with our customers. Backed by a proven leadership team, we operate with excellence around the globe while unlocking new avenues of growth for our business and industry. About Siris Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris' development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris' Executive Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York, Silicon Valley and West Palm Beach, and has raised nearly $6 billion in cumulative capital commitments.

Read More

FINTECH

Premier FinTech Firm CPQi Acquired by Exadel

Exadel | June 23, 2022

Exadel, a leading software consultancy firm with a global footprint, announced that it has acquired fintech company CPQi, whose offerings include transformational services for companies around the world. I am delighted to welcome CPQi to the Exadel family. This new partnership brings an extensive range of FinTech capabilities as well as advanced technology expertise in the areas of robotics process automation, predictive technology, and cloud services that add significantly to our overall offering. And with offices in Brazil, Chile, Peru, Mexico, and Canada, CPQi fits perfectly with our greater expansion into Latin America and Canada. I am confident that the addition of CPQi capabilities and locations alongside Exadel's service and solution offerings will create significant value for clients in the marketplace and continue to drive growth." Darren Oberst, CEO of Exadel CPQi offers consulting and technical services as well as resources for top financial institutions in the Americas, with an emphasis on cutting-edge fields like blockchain development, omnichannel banking, and predictive artificial intelligence. The geographical spread, culture, and scale of Exadel made them the perfect choice for our next stage of growth. Matching our expertise in the financial markets technology arena with the new markets and much larger talent base of Exadel makes this a winning combination." Terry Boyland, Founder and CEO, CPQi

Read More

FINANCIAL MANAGEMENT

Saphyre and Citi Team Up to Offer Accelerated Account Management for Clients

Saphyre | June 29, 2022

The Saphyre platform is now accessible to Citi Securities Services' shared custody clients to manage new account openings and maintenance, according to a fintech business leveraging patent-approved AI technology. The Saphyre technology offers Citi an alternative to its current account management system and can have the advantage of greatly automating and accelerating client onboarding. "Our constant focus is on reducing friction and providing efficiencies for clients. Adding Saphyre into our ecosystem further eliminates manual tasks for clients and reduces time to market.” Rebekah Flohr, Managing Director, North America Head of Custody Product, Citi "Adding Saphyre to our open architecture platform provides flexibility for shared clients, allowing them to connect seamlessly across our extensive custody network via a single onboarding portal.” Michele Pitts, Managing Director, U.S. Head of Custody Product at Citi Having Citi Securities Services live on the Saphyre platform is a tremendous accolade for our firm. By doing so, Citi takes advantage of Saphyre's strategic technology capabilities in providing a true ready-to-trade status of client accounts. This patented AI-driven end-result is made possible on the back of Citi's operations taking advantage of our smart technology that pre-fills client custody packs, digital signatures, auto-setup SWIFT Reporting, trade message routing, and corporate action standing instructions – all the while tracking market requirements and their respective document statuses. The post-COVID world requires AI and digital strategies. Together, Citi and Saphyre are utilizing these technologies to provide innovative solutions that benefit their clients. As part of Citi's integrated custody experience for its clients, integrating with Saphyre will further enhance the bank's ability to further streamline processes seamlessly for clients that use both global and direct custodian businesses." Gabino M. Roche, Jr., CEO and Founder at Saphyre

Read More

Spotlight

KoreConX

KoreConX

Founded in 2016, KoreConX is the first secure, All-In-One platform that manages private companies' capital market activity and stakeholder communications. With an innovative approach and to ensure compliance with securities regulations and corporate law, KoreConX offers a single environment to conne...

Events

Resources