FinovateSpring 2024 / Eqvista
Presenter Profile:
How they describe themselves: With $70B in assets under administration (AuA) and a user base of 17,000 companies, Eqvista has a solid foundation. With monthly valuations of $2B in client assets, they’re in a prime position to keep accumulating AuA and capitalize on opportunities to upsell equity and financial services.
Eqvista’s current pace is to accumulate $500B in AuA by 2026 and develop multiple financial products:
- Equity management: cap table/409a/investment valuation/compliance
- Secondaries: lending and marketplace
- Equity financing: revenue-based financing or debt
How they describe their product/innovation: Stock issuance in less than 10 minutes.
It’s tough for startups to manage stocks and set up a cap table hassle-free. There’s no straightforward stock management system available without aggressive sales tactics or complex customer onboarding processes – just a simple “leave your contact and we’ll get back to you” page.
Eqvista is the solution. With Eqvista, users can build a cap table in a matter of minutes, issue stocks to founders, set up ESOPs, create SAFEs, or simply record all funding rounds from pre-seed to pre-IPO.
Product distribution strategy: Direct to Business (B2B)
Credit Union/Community Bank Fit: Credit Unions, Community Banks
Contacts:
Bus. Dev.: Tomas Milar (CEO), tom@eqvista.com, 702-680-8879
Press: Jakub Vele (Head of Marketing), info@eqvista.com, 702-751-6738
Website: eqvista.com
LinkedIn: linkedin.com/company/eqvista
HQ: San Francisco, CA, USA
Founded: July 2018
Product Demoed: Equity management and valuation
Raising Funding: Series A
Presenter: Tom Milar – Founder & CEO, Eqvista
- Key Executives
Tomas Milar (CEO)
Key Stats
- Key Board Members
Tomas Milar is a seasoned entrepreneur. He founded several startups, helped incorporate thousands of companies, acquired IncParadise (one of the largest RA in Nevada), built one of the largest Company Secretaries in Hong Kong, and co-founded a CPA firm. His extensive knowledge of the nature of startups and the corporate structure led him to found Eqvista.
- Key Investors
Scott Harrigan is a seasoned leader in the global financial services industry, specializing in digital asset securities, cap-table management, and brokerage operations. As CEO of Alto Securities, he empowers everyday investors to diversify portfolios with alternative assets. Previously, Harrigan led Securitize Markets and Carta Securities, driving innovation in digital securities and cap-table management. With over 18 years of experience at Computershare where he led transformative acquisitions.
- Key Advisory Board Members
Tomas Milar (Founder & CEO), Colin McCrea (CFO, Head of Analysts), Scott Harrigan (Senior Advisor | Board Member)
- Key Partners
Mbanq, Cheqly, Stripe
- Key Customers
Mbanq, Cheqly, Ataccama, Cognite