How WealthBlock Supports Long-Term Innovation
FundersUSA discusses the important marriage between compliance and tech and why an API-centric ecosystem supports long-term innovation.
Video Transcript
Seth Gordon: What ultimately led you to choose WealthBlock and since leveraging the platform, what have you really done to optimize use of the platform?
Peter Stridh: Yeah, so, so my, my background is all a combined of, I have a finance background and a technology background. And so when I look at the platform, I look at both sides, not only to compliance, but WealthBlock.AI is an open platform. So it's, it's built to scale with an ecosystem of partners, which is incredibly important because ultimately in, in fundraising, in particular, it's a two-sided marketplace. We have to expand the network of partnerships with investors and the ability to integrate with, with, for instance, Alto IRA self-directed investments. That's an excellent example of an important integration. And, and if you have an open platform in a technology, in a technology model where you have APIs, which a WealthBlock has, that's a great way to expand and quickly integrate to, to, to new markets. And to same, the same on, on the issuer side, you can expand on the value-add for onboarding issuers, startups, if you have an API in WealthBlock.AI. So we are now on our own, building the AI, my company is building AI modules, which we think can leverage the data coming out to WealthBlock.AI. So we're building bolt-ons if you like, and, and all of this is possible because WealthBlock.AI is very API centric and it's open and it allows to, to constantly sort of innovate long-term. So that, that I would say is one of the key reasons. I was very impressed by the platform.
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If you think about an elegant solution of keeping resources organized, being more efficient, and a manager that may not have the time or the team to manage 50 investors, you have to herd these cats, so to speak, into one area and get the deal done. I think WealthBlock is that solution.
Chris Shen
Founder, Revere