Many of the companies that supported our Indiegogo campaign are active participants in the sharing economy and we wanted to hear more about their companies and perspective on the sharing economy. We've asked each company to answer the same questions and we'll be rolling out the answers over the course of the series.
What is your name?
Jeff Crump, President &CEO, ciValidator Corp.
What does your company do?
ciValidator™ provides the only suite of solutions for equity, non-equity and peer-to-peer lending portals, issuers, intermediaries and broker-dealers to manage fraud and ensure compliance with government regulations such as Title II and Title III of the Jumpstart Our Business Startups (JOBS) Act and 17 Code of Federal Regulations §230.501 et. seq.
When were you founded and how big are you?
We were founded in 2012 with a team of nine.
How do you define the sharing economy?
The willingness to contribute to and participate in open collaboration of ideas, information and innovation.
How does your company contribute to the rise of the sharing economy?
We have developed a core set of products and services to help manage fraud and regulatory compliance in the crowdfunding marketplace.
How do you build community?
We partner with data providers as well as service providers to provide a centralized data source that benefits all parties involved in crowdfunding.
How does your company reduce consumption and stimulate economic growth?
We reduce consumption by automating as many capabilities as possible, which in turn allows us to offer our services at very competitive rates. As a result of providing these services to the crowdfunding community we then help protect the integrity of the crowdfunding ecosystem, which then in turn supports economic growth in a safe environment.
Can you share a recent milestone your company has achieved?
We recently launched our Accredited Investor Validation Service (AIVS) and Certificate of Investor Education online course. Within the next 30 days we will launch our ciValidator:CORE single sign-on solution with integrated geoIP detection, identity verification and social reputation trust for social networks and online communities such as crowdfunding portals.
What’s your biggest challenge?
When it comes to the crowdfunding market, one key challenge is around regulatory changes coming down the line as a result of the Jumpstart Our Business Startups (JOBS) Act. Other than that it is ensuring our growing portfolio of products and services provide high value at a very reasonable cost.
What is your favorite thing to share?
I’ve said it before and I will say it again, we love to collaborate and partner! Working in a creative manner to solve problems and provide value brings us great satisfaction. We are extremely flexible and are very open to tweaking what we do to meet a customer’s needs.