Our journey to simplify and streamline the fundraising process for startups and private companies brought us closer and closer to our customers’ cap table. Thus, we decided last year to register Fairmint as an SEC-regulated Transfer Agent.
A transfer agent is a regulated entity helping companies administrate their shares. That includes maintaining the company’s shareholder records, recording ownership changes of these securities, and processing and distributing dividends. In simple terms, transfer agents act as the bridge between a company and its shareholders, ensuring smooth transfer and management of securities.
For Fairmint, becoming a transfer agent is a key milestone. This move is in direct response to our customers’ desire for us to play a greater role in managing their capitalization tables. As a transfer agent, we can now provide our customers with substantial benefits, including consolidating investors into a single entry on their cap table. This change will bring unmatched clarity and efficiency to the way our customers manage their equity.
“We’re proud of the SEC’s expedited approval of Fairmint’s transfer agent license. It is a testament to our team’s commitment to regulatory compliance and trust in capital raising.”
— Joris Delanoue, co-founder and co-CEO at Fairmint
Fairmint supports a diverse range of fundraising activities, accommodating everything from the most private deals to offerings with general solicitation. Our new SEC-registered transfer agent stamps Fairmint’s adherence to the highest regulatory standards, empowering and protecting both startups and investors for the lifetime of the company, from day one to IPO.
For more information about Fairmint, head over to Fairmint’s website.
Originally published on Fairmint’s blog on Medium.