PassThrough partners with STP Investment Services 12 July 2023US Reporter: Klea Neza
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PassThrough has partnered with STP Investment Services, as part of an effort to strengthen its investor experience and operational efficiencies.
As part of the mandate, STP clients’ subscription documents will be implemented directly on the Passthrough platform, where potential investors can review materials, complete subscription documents digitally, execute agreements electronically, and submit them for acceptance.
Tim Flannery, co-founder and CEO of Passthrough, says: “We think investor onboarding should be solved at the infrastructure level, which means we don’t need to be another destination for fund managers and investors to constantly check.
“By connecting with our infrastructure, STP’s clients have a single place to monitor their raise, provide their investors a simplified investor onboarding experience with software instead of pen and paper, and close their funds weeks or months faster.”
Dan Houlihan, CEO of STP, comments: “Our high-level business goals include providing a differentiated, unified platform experience to complement the premium operations services we offer our investment and wealth manager clients.
“We aim to increase our team’s operational efficiencies and improve the client and investor experience through technology and value-added digitalisation. PassThrough’s solution perfectly aligns with this goal.”
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