Canadian fintech company Nuvei Corporation (TSX:NVEI) announces today that it has been selected by KoreConX, an infrastructure technology platform, as its primary payments partner.

Through its global partnership with Nuvei, private businesses based in the U.S. that are connected to the KoreConX infrastructure platform can accept SEC-compliant investments from as little as $50 via card payments and account-to-account transactions. Nuvei’s international reach connects these businesses to potential retail investors wherever those investors are located.

In addition to investors and businesses, the KoreConX technology infrastructure connects broker-dealers, FINRA registered funding platforms, Marketplaces ATS and auxiliary investment services to the private investment sector. KoreConX’s partnership with Nuvei enables all parties in the ecosystem, including businesses and investors, to interact on a modern scalable payments technology infrastructure that is fully capable of streamlining compliant investor transactions.

KoreConX CEO and Co-Founder Oscar A. Jofre commented:

“KoreConX is democratizing investment in private companies, enabling individuals to invest alongside institutions safely, securely, and compliantly for the first time. In 2012 this wasn’t possible at all; today the market cap for this industry is billions of dollars and still rapidly accelerating. But trust is everything, and KoreConX is leading the way in offering a mechanism for investing that is compliant with SEC regulations.”

Nuvei Chair and CEO Philip Fayer added:

“We’re excited to partner with KoreConX as it reshapes the investing landscape for private businesses. Facilitating SEC-compliant investments for entrepreneurs and private businesses is a game-changer for democratizing investing.”