Assure and satschel Announce Partnership to Modernize Today's Financial Systems Infrastructure

Collaboration to drive greater transparency and liquidity while reducing friction for private markets investors

SAN FRANCISCO and SALT LAKE CITY, Sept. 13, 2022 /PRNewswire/ -- Assure, the leading platform for Special Purpose Vehicles (SPVs), and satschel, a comprehensive compliance company that aims to modernize financial systems using Web3 technologies, today announced a bilateral partnership to revolutionize the financial infrastructure of private markets.

Assure SPV customers will be the first to leverage satschel's automated Compliance Fabric, enabling them to onboard investors seamlessly with less friction, more automation, and higher accuracy. The process of KYC, AML, Accreditation (506b and 506c), signing docs, and sending funds can take a week or more with other legacy systems, now can be done in under an hour, and in some cases, a matter of minutes.

Traditionally, private markets are opaque, illiquid, and behave differently from public markets because they lack the same infrastructure. Leveraging Web3 technologies, the Assure-satschel partnership will offer clients class-defining transparency, liquidity, and therefore, a level of control previously unavailable to investors and capital raisers within private markets.. 

"We are thrilled to partner with Assure, and begin offering private market participants a dramatically improved compliance experience," said Eric Choi, co-founder and president of satschel. "Our team developed proprietary technology to drive meaningful gains in productivity, accuracy, transparency and overall access to private markets. With Assure, we are demonstrating Web3's potential to enhance value and experience, even for off-chain businesses, and bringing those benefits to what has traditionally been a very opaque market."

Assure has made it its mission to improve and digitize private markets via its SPV creation engine and platform, Glassboard. The partnership with satschel marks the next evolution in modernizing these markets for the benefit of SPV investors.

"The satschel team has a track record of building solutions on Web3 infrastructure designed to work in regulated environments that simultaneously solve for transparency and privacy," said Katie Neilson, co-founder and president of Assure. "This partnership will provide SPV creators and their investors and regulators with more transparency, confidence, and peace of mind."

About satschel
satschel helps fintechs, venture capitalists, private equity investors, and hedge funds to become compliant with regulations through its automated Compliance Fabric, enabling them to onboard investors seamlessly, including accreditation, with less friction, more automation, and higher accuracy. 

About Assure
Assure is a financial technology company and the  industry-leading provider of comprehensive structuring and administrative services for the syndicate and venture investment community. The company's innovative software platform streamlines the setting up, closing and managing back-office fund administration for angel and private asset investing. Assure's experience and volume significantly outpaces other fund administrators. Assure's approach, which allows clients to structure and close deals faster, cheaper and with more transparency, helped pave the way for the ascendance of the "super angels," special purpose vehicles and micro VCs. The company has worked with more than 1,400 clients, including Launch, Equity Zen, Republic, Forge, Tribeca Angels, Tech Coast Angels,  Gaingels, and  Miami Angels, structuring and closing more than 8,500 deals with over $9 billion in assets under administration. Assure offers a full suite of services including special purpose vehicle administration, fund accounting and fund taxes, Exempt Reporting Advisor (ERA) services, KYC/AML services and 506(c) accreditation. For more information about Assure, visit www.assure.co.

SOURCE Assure