fundamerica

Founded in 2012, FundAmerica positioned itself as a key infrastructure provider for the emerging equity and debt crowdfunding industry enabled by the U.S. JOBS Act. The company offered a suite of back-office technology and financial services, including investor verification (KYC/AML), payment processing, and escrow services, to ensure funding portals and issuers remained compliant with securities regulations (such as Reg D, Reg A+, and Reg CF). In 2017, FundAmerica was acquired by Prime Trust, LLC, and its services were integrated into Prime Trust's broader financial infrastructure platform for digital assets and alternative securities. Operations continued under Prime Trust until Prime Trust was placed into receivership in July 2023 and subsequently filed for Chapter 11 bankruptcy in August 2023 amid allegations of a significant shortfall in customer funds.