Rhino Ventures is a Venture Capital firm based out of Vancouver, B.C., that invests in early stage tech companies. As the Community Manager, Candace is in charge of fund operations behind the scenes of investments and capital calls.
High value transactions are not uncommon at Rhino Ventures. Candace knows very well that options to process these types of transactions in a simple and secure way are limited. Before Jetpay, she relied on archaic bank processes where investors could only fulfill their capital calls via wire transfer or cheque – a process that caused headaches for everyone involved.
Candace finds it frustrating that she can’t make a quick online transfer through the bank, so she definitely welcomes Jetpay with open arms. She found that using Jetpay allows them to collect capital calls 5 to 6 days sooner compared to alternative methods.
Before Jetpay, Candace really had no convenient alternative to offer investors for capital calls due to the large size of transactions. With Jetpay, Candace doesn’t have to worry about transfer limits anymore. She likes the simplicity of payments and trusts the bank-grade security. Overall, it saves her a lot of time and headaches.
For Candace, it can be challenging to keep investor payment details up to date. Payment distributions can happen years after the investment and investors’ payment information might be outdated by then. Jetpay allows her to simply send payment requests to investors’ email addresses and they can choose what account they want the money to be deposited into – “It makes my life so much easier.”