Wikipedia

Linqto

Linqto is a San Francisco Bay Area-based investment platform that allows accredited investors to invest in private-market startups and pre-IPO companies.[4][5][6][7] It has users in 110 countries.[8][9][10][11] As of 2024, the company is set to go public on the NASDAQ.[12]

Linqto
Company typePrivate
Industryfintech,[1] financial services[2]
Founded2010
FoundersBill Sarris, Vicki Sarris
Headquarters
San Jose, California
Key people
Joe Endoso (CEO)[3]
Websitewww.linqto.com

History edit

Linqto was founded in 2010 husband-and-wife team, Bill Sarris, formerly a financial services architect at Intuit and Vicki Sarris, a former biologist.[13][6][11]

In 2016 Linqto partnered with fintech firm, Leverage, and nine credit unions to launch a pilot program for the Leverage app store.[14] The store is powered by Linqto's Otter platform, through which financial institutions select and brand fintech apps for app stores Apple, Android, and Amazon.[14]

In 2018 Linqto partnered with Keiretsu Forum to build the Keiretsu Connect app that connects accredited investors from 53 chapters across 26 countries on 4 continents and allows them to view curated deals from all over the world.[15] In September, Linqto launched the WIB Apps Store, a platform for banks to provide mobile financial technology apps to their customers. Linqto's automated delivery platform allows banks to select and brand fintech apps, makes them available for internal testing, and distributes them to app stores Apple, Google, and Amazon.[16][5]

In March 2019 Greg Kidd of Hard Yaka Inc invested $1M into Linqto to fund the exploration of strategic partnership opportunities with Hard Yaka entities including Globalid.[1]

In April 2020, Linqto hosted the inaugural Global Investor Conference in collaboration with Keiretsu Connect, bringing together expert advice to discuss digital opportunities during COVID-19.[17] In 2020, Linqto launched the Linqto Trading Platform for accredited investors.[18]

In March 2022, Linqto surpassed $100M in member investments including one magnitude in growth in member investment from 2020 to 2021.[19] In August 2022, Linqto acquired Trustline to build a decentralized exchange for private market securities.[20]

In November 2022 FINRA granted Linqto is its broker-dealer license for secondary trading of equity securities.[21] In March 2023, Linqto surpassed $200M in total member investments.[22][23] In July 2023, Linqto launched its Alternative Trading System feature to provide liquidity in private market investing.[10] The company announced plans for public listing through a SPAC in April 2024.[24]

Products edit

Linqto's self-directed investment platform has no fees and investment minimums are $5,000 for first-time and subsequent investments.[25][26] Investors fund their brokerage cash accounts with Linqto using ACH, Wire Transfer, IRA, and an Uphold Wallet. Uphold is a separate company from Linqto. Uphold's digital wallet can hold US dollars, cryptocurrencies, commodities, foreign currencies, and other assets.[27][28]

Linqto deploys special purpose vehicles (SPVs) on its investment platform for investors to buy and sell equity in private technology companies.[4] Linqto uses SPVs because it is a separate company that is bankruptcy remote, allowing members to invest without needing to get on the cap table of each private company they invest in.[4]

The Linqto platform offers an Alternative Trading System (ATS) for secondary trading of equity securities for T-Zero, same-day settlement trading for investments in mid-to-late-stage tech unicorns and other leading private companies.[29] Linqto Learn is a series of educational events with trends and guidance for investors.[30][31]

See also edit

References edit

  1. ^ a b "Where this early Twitter, Square investor is putting his money now". The Business Journals. Retrieved 8 April 2024.
  2. ^ "Here's What the Next Generation of Investors Wants". Impact Wealth magazine. Retrieved 9 April 2024.
  3. ^ "Digital Investment Platform Linqto to List on Nasdaq via SPAC". Investment News. Retrieved 13 April 2024.
  4. ^ a b c "LInqto seeks to make investing in privagte tech companies easier and more affordable". ZDNet. Retrieved 8 April 2024.
  5. ^ a b "Linqto Rebrands, Now Allows Investors to Buy and Sell Holdings". Finovate. Retrieved 8 April 2024.
  6. ^ a b "Linqto's Growth Accelerates on the Back of Strong Product Demand". Inno & Tech Today. Retrieved 8 April 2024.
  7. ^ "Funding data shows the pre-IPO market is (still) hot". Dataconomy. Retrieved 9 April 2024.
  8. ^ "Linqto rebrands private markets platform after US lawmakers loosen definition of accredited investor". Finance Feeds. Retrieved 8 April 2024.
  9. ^ "The Ecosystems Leading the Way in the Development of Wealthtech With Personetics, Linqto and More". The Fintech Times. Retrieved 8 April 2024.
  10. ^ a b "Linqto's True Liquidity Solution Is Transforming Private Equity". BlockLeaders. Retrieved 8 April 2024.
  11. ^ a b "Is Investing Cool Again?". Deal magazine. Retrieved 9 April 2024.
  12. ^ "Blockchain Coinvestors to take Linqto public in $700m deal". Axios. Retrieved 17 April 2024.
  13. ^ "Linqto Brings New Mobile App to Close the Gap between Wall Street and Main Street for Budding Investors". BlockTelegraph. Retrieved 8 April 2024.
  14. ^ a b "LEVERAGE, Fintech Firm Partner on App Project". Credit Union Times. Retrieved 8 April 2024.
  15. ^ "Silicon Valley angel investor group Keiretsu Forum opens Australian chapter". Financial Review. Retrieved 8 April 2024.
  16. ^ "How Linqto is helping democratise the private investment space". Fintech Futures. Retrieved 8 April 2024.
  17. ^ "Linqto to Host the Global Investor Conference in Lisbon with Accredited Investors and Entrepreneurs". Grit Daily. Retrieved 8 April 2024.
  18. ^ "Linqto: Pre-IPO Investing Made Simple". Finance Buzz. Retrieved 8 April 2024.
  19. ^ "Inside Linqto's cross-country road trip to decentralize finance". MPost. Retrieved 8 April 2024.
  20. ^ "Linqto Breaks into DeFi with Trustline Acquisition". Finovate. Retrieved 8 April 2024.
  21. ^ "Broker Check". FINRA. Retrieved 9 April 2024.
  22. ^ "Meet the Bay Area Startup that Wants you to Invest Like the 1%". SF Examiner. Retrieved 9 April 2024.
  23. ^ "XRP Supporters Scoop Up Ripple Stock Despite SEC Probe". CoinSpeaker. Retrieved 8 April 2024.
  24. ^ "Investment platform Linqto to go public via $700 mln SPAC deal". Reuters. Retrieved 9 April 2024.
  25. ^ "Linqto partners with wealth management innovator, Farther". IBS Intelligence. Retrieved 8 April 2024.
  26. ^ "Are Private Markets About to Become Public? Financial Expert Joe Endoso Thinks So". Fast Company. Retrieved 9 April 2024.
  27. ^ "Linqto COO Reveals Plans to Sell Tokenized Private Equity For XRP". CryptoBasic. Retrieved 8 April 2024.
  28. ^ "XRP Army Drives Bumper Sales in Ripple Stock Despite SEC Probe". CoinDesk. Retrieved 8 April 2024.
  29. ^ "Linqto Sells Out of Ripple Shares as Legal Case Develops". CryptoBriefing. Retrieved 8 April 2024.
  30. ^ "Legislators and Startups Want You To Invest in Private Markets". Nasdaq. Retrieved 9 April 2024.
  31. ^ "Top 10 Tech Companies to Watch in 2014". American Banker. Retrieved 8 April 2024.
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