The following information will go over some of the more common questions that we receive at InvestNext. If you have additional questions, always feel free to reach out to support@investnext.com.
How long does account setup actually take?
Most accounts are open within one to two business days. The entire
process happens inside InvestNext through our guided, fully digital
onboarding process.
Are funds insured?
Yes. Accounts are FDIC-insured and fully encrypted. Built-in KYC/AML
verification is also included as part of the Transact workflow.
Can I use Transact across multiple raises?
Yes. Each raise has its own dedicated bank account, all managed from
within InvestNext.
Is this feature supported by a banking partner?
InvestNext has brokered a partnership with Grasshopper Bank to
provide access to these accounts specifically for our clients to save on
setup time and transaction fees, while reducing friction during the
capital raise process.
Where can I learn more about Grasshopper Bank?
Grasshopper Bank is an award-winning, FDIC-insured banking partner designed uniquely for business technology.
What does it cost to use Transact?
Transact is included at no cost for all InvestNext clients. Clients reduce
their overall costs by using Transact with free ACH and KYC/AML.
How does reconciliation work for wires?
Wires are automatically reconciled against your cap table using a
reference number or, if missing, suggested matches based on capital
activity in InvestNext. This greatly reduces manual reconciliation across
systems.
Does Transact offer transaction monitoring?
Yes. Using AI technology, InvestNext can detect and prevent anomalies
before transactions are complete, saving time and protecting credibility.
Does InvestNext hold my funds?
InvestNext does not hold custody of your funds. By meeting rigorous
regulatory requirements and standards, InvestNext has obtained a direct
API integration with Grasshopper Bank, enabling us to facilitate the
account creation and management for you directly in our platform.