January 27, 2016 07:00 ET

Associated Foreign Exchange (AFEX) and KoreConX Partner to Bring Escrow Services to Equity & Debt Portals

Secure Escrow Solution Provides Protection for Investors in Equity and Debt Crowdfunding

TORONTO, ON--(Marketwired - January 27, 2016) - KoreConX is pleased to announce its partnership with AFEX, which will bring an escrow solution to equity and debt portals, bringing one more essential component to the Canadian equity crowdfunding industry. KoreConX is the exclusive provider of this new AFEX solution, solving one of the biggest issues facing Canadian equity and debt crowdfunding portals.

As investors flock to equity crowdfunding portals looking to invest in the next big innovation, they want to know that their money is being held securely and processed according to the regulations, and that they are protected against deals that don't close. AFEX and KoreConX have partnered to meet this need.

KoreConX is delighted to offer the AFEX solution so investors can rest easy knowing that their money is being held safely until the deal they've invested in closes, and if it doesn't close they will get their money back. All at no charge to the investor.

"This is a game changer for Canadian Equity Crowdfunding" says Oscar Jofre, President and CEO of KoreConX. "We're bringing a service to the Canadian market that benefits everyone through increasing investor confidence. We're helping equity crowdfunding portals protect their investors, and making compliance that much easier."

Press Assets and Product Images:

About KoreConX

KoreConX is a free all-in-one solution that helps companies navigate the process of raising equity capital, and simplifies shareholder communications to reduce risk. The KoreConX eco-system empowers stakeholders (regulated crowdfunding portals, shareholders, board directors, CEO, CFO, corporate secretary, lawyers, auditors, investor relations, members and 3rd party providers) to manage corporate information from a Single Point of Entry within a secure, hosted application that results in efficient and transparent corporate governance. More information is available at

About AFEX

Associated Foreign Exchange (AFEX), was founded in 1979, and today, they're one of the world's largest providers of independent foreign payment solutions. AFEX operates in over 200 countries, trading more than $15bn in foreign exchange each year for more than 24,000 clients in almost every business category.

Contact Information