David Logan co-founder, Chief Executive Officer, and Chief Compliance Officer along with Jeffrey Ciarcia co-founder and Chief Financial Officer and their amazing team from SumatoSoft have built an award-winning innovative FinTech platform: Umergence.com a Startup Studio in the Cloud.
Umergence is a platform that provides startups with resources similar to how physical startup accelerators operate but in a scalable online platform. Allowing entrepreneurs to validate their business plans through Crowd-Sourced Intelligence. Providing crucial information to the startups including but not limited to “Does this solve a problem for me?” “I would buy this solution at this price point… I am this demographic in this market.” Once the plan is validated through the community, the startups build a crowd-funding campaign to raise capital. The startups can raise capital through non-securities campaigns like Donations or Rewards campaigns alternately they can opt to issue securities in exchange for investment. Umergence is a registered broker/dealer member FINRA/SPIC leveraging Reg D private placement offerings, Reg CF & Reg A+ public offerings.
Umergence provides a great solution for existing startup accelerators to white-label the Umergence platform to help incubate their startups until they are ready to move into the physical accelerator where space is limited. Click here for a pictorial of the full Umergence ecosystem. Click here for the Umergence explainer video.
A special thanks go to his Babcia and Dziadziu who provided him support and encouragement to help others fulfill their American Dream of building their own businesses.