NEW YORK, April 23, 2015 /PRNewswire/ -- WealthForge announced today that the company is on pace to achieve the $1 billion milestone on its platform supporting private placement transactions by the end of the month. WealthForge provides an innovative and unique turnkey solution to support transaction processing in the alternative investment industry. With the WealthForge solution, any firm that raises private capital through a private placement can now make the entire process more efficient. The result is a faster, cheaper and more compliant approach to completing a private placement transaction. Achieving the billion dollar mark reflects the industry's readiness to seek a better and more efficient method to complete private placement transactions.
"In just over a year, we've seen a huge amount of traction on our platform," said Fred Bryant, one of the company's Co-Founders. "This is an exciting milestone and we're proud to be helping so many firms and investors make the alternative investment process more efficient. We expect to see this growth continue."
WealthForge has been leading the movement of processing private securities transactions online since 2011, but has seen tremendous growth since last year. "The hockey stick growth we've been experiencing is evidence that we are at the forefront of a true transformation in the way companies are raising private capital," Arthur Weissman, Head of Sales and Marketing said. He continued, "We've recently opened a new office in Los Angeles and plan to open additional offices this year to support market demand."
WealthForge has also been recognized as a leading innovator in financial technology being selected to present at Finovate, a conference series focused exclusively on showcasing the best and most innovative new financial and banking technologies.
"We've made significant strides in building a product that addresses market demand for a more efficient way to raise private capital," said Mat Dellorso, one of WealthForge's Co-Founders. "Receiving recognition as an innovator in the industry along with approaching this milestone is validation that our model supports the direction the market is headed."
To help promote transparency in the industry, WealthForge is also launching an Industry Analytics page on its website. Here, industry participants can view key metrics and analytics.
Visit www.wealthforge.com to learn more.