Startup Funding - Wikisoft Corp. Plans Digital Shake-up

Rhea-AI Summary

Wikisoft Corp. (OTCQB:WSFT) announced a plan to digitize startup funding, aiming to enhance the process of matching startups with investors. The initiative comes in response to industry trends showing that 23% of the funding order process is still manual. CEO Carsten Kjems Falk emphasized that digitization will streamline investment rounds, reducing risks and enabling startups to focus on growth. The shift towards a more efficient system is expected to satisfy the growing demand for reliable business data, crucial for informed investment decisions.

Positive

• Plans to digitize startup funding to improve investor-startup matching.
• Addressing inefficiencies in the funding process where 23% remains manual.
• CEO emphasizes reduced risk and enhanced focus on startup growth.
• Expected to meet increasing demand for credible business data.

Negative

• None.

SAN FRANCISCO, CA / ACCESSWIRE / January 18, 2022 / Wikisoft Corp. (OTCQB:WSFT), a big data and business analytics company, today announced plans to digitize startup funding and accelerate matching startups with investors.

Once a startup's seed investment round is secured then the fledgling company powers ahead to create a minimal viable product (MVP). Once the MVP is proven, the founders of the startup will soon require further investment to accelerate growth. They participate in a series of investment rounds - series A, B or C, depending on the maturity of the business.

This is a stressful period and an arduous process involving introductions, pitches, negotiations, term sheets, and all the intricacies that go with each stage and every round. The time is ripe to change from manual processes to digital, creating a trusted and authenticated system to bring together high-potential, dynamic, young, fully-operational startups with groups of wily discerning tech investors looking for capital appreciation.

Deloitte recently wrote that 23% of the fund order process is still being handled manually, mainly though fax orders which have a significant impact on distribution costs. PwC surveyed 100 Private Equity houses with a minimum €250m assets under management. The PE houses named digitization as the most important megatrend influencing new investment.

Wikisoft, listed on OTCQB, is a fast growing, international, agile, big-data-powered, company which in today's fast-moving business world of increasing globalization leverages big data and associated insights from global business datasets to improve performance.

In line with this new phase of digitization and globalization, Wikisoft sees a growing demand for access to credible and reliable business data about startups and investors and has an ambition to digitalize the process of matching the right startup with the right investor and accelerate the investment process.

Carsten Kjems Falk, Wikisoft's CEO, spoke about the company's vision: "Our advancement will accelerate matching investor to startup, and vice versa, at a lower risk through credible and reliable business data. Series A, B and C investment rounds will be more efficient for all parties via digitization. It will enable startups to concentrate on scaling-up their business, becoming highly valued, and eventually opening the possibilities for even further expansion. Investors will have an efficient way of finding prospects and make the right investments."

ABOUT WIKISOFT CORPORATION

In today's fast-moving business world of increasing globalization, Wikisoft leverages big data and associated insights from business datasets to improve performance.

In line with this new phase of globalization, Wikisoft believes that there is a growing demand for access to credible and reliable business data. Data is essential to creating the complete view of customers, prospects, investors, suppliers, and partners necessary to power the right decisions.

Our vision is to create opportunity globally by collecting precise data, curating it, verifying it and putting it in the hands of professionals and businesses as consumable business intelligence. We believe in the power of Wikisoft to collect massive amounts of data and deliver it to businesses curated, credible and reliable.

FORWARD-LOOKING STATEMENTS

This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

CONTACT
WikiSoft Corp.
315 Montgomery Street, San Francisco,
CA 94104, USA
Phone: +1-800-706-0806
Email: investor@wikisoft.com
Investor site: www.wikisoft.com

SOURCE: WikiSoft Corp.

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FAQ

What is Wikisoft Corp. planning to do in 2022 regarding startup funding?

Wikisoft Corp. plans to digitize startup funding to better match startups with investors.

How is Wikisoft Corp. addressing manual processes in funding?

The company aims to shift 23% of the manual funding order process to a digital platform.

What does CEO Carsten Kjems Falk say about the impact of digitization?

He believes it will reduce risks and allow startups to concentrate on scaling their businesses.

How will the digitization of funding affect investors and startups?

It will make the investment rounds more efficient and improve access to reliable business data.