Funding SAFEs via ACH for Investors
This new release gives investors the choice to fund SAFEs online via ACH. By choosing this option investors can quickly fund SAFEs in one-click.
Why is it valuable?
Direct online funding is the preferred choice for most investors due to improved security, reduced manual entry errors, and hassle-free transfers. But prior to this release, the choice of the method of funding was exclusively made by the company.
How does it work?
After signing the SAFE, an investor will be provided with two choices:
- They can add their bank account securely via Plaid or manually to Carta. This is a one-time setup.
- They can choose to fund via wire, and they will be shown the wire details provided by the company.
Once the funds are received, the SAFE is issued.
- If funding is via ACH, Carta automatically issues the SAFE as soon as the funds are received.
- If funding is via wire transfer, the company needs to indicate when funds have been received in Carta, and the SAFE will be issued.