BaseVenture Selected to Debut at FinovateSpring 2016

SAN FRANCISCO, March 18, 2016 /PRNewswire/ -- BaseVenture, the innovative software as a service (SaaS) platform that is transforming private fund management and administration, announced today that they have been selected to present at FinovateSpring 2016.

FinovateSpring 2016 is a two-day showcase of the latest innovations in financial technology (FinTech) from leading established companies and emerging young startups. The attendees include bankers, investors, system integrators, technology vendors, industry analysts, and media representatives.

BaseVenture's co-founder and CEO, John Pizzi, will unveil the company's breakthrough cloud-based platform that simplifies and automates the operations and administration for thousands of private funds and fund managers. 

"There are over 50,000 private funds in the USA, spending billions of dollars a year to manage their operations and administrate their funds," according to Mr. Pizzi. "Fund managers are fed up with the current model of outmoded technology and inefficient outsourcing. We created BaseVenture by listening carefully to fund managers, so we could provide them with the platform they need. Our platform lets fund managers spend less time worrying about their operations, and more time focused on attracting new capital and driving higher returns for their investors."

Private funds are big business in the United States. Money invested in private funds will grow from $10T to $18T by 2020. Private funds or alternatives investments are the fastest growing category of investments, made up largely of real estate, private equity, and hedge funds. The problem for private fund managers is that fund management and administration today is inefficient, antiquated, and over-priced.

BaseVenture's platform radically simplifies, interconnects, and automates the middle and back office functions that are required to manage a fund. This eliminates the reliance on multiple disconnected tools like spreadsheets, email, pdfs, and instead provides a SaaS platform that is intelligent, scalable, secure, and affordable.

"At Finovate, we're always eager to witness technology that creates solutions to longstanding problems," said Eric Mattson, CEO, Finovate. "We're excited to welcome John and BaseVenture to our stage, to demonstrate how their innovative technology is transforming the way funds are managed and administrated."

After the conference, a recording of BaseVenture's demo will be available on the Finovate website.

About BaseVentureBaseVenture is a SaaS platform that simplifies and automates the management and administration for the more than 50,000 private funds (private equity, real estate, hedge funds and venture capital) in North America. Fund Managers that use our platform stop worrying about their operations and have more time to focus on raising capital and generating higher returns for their investors. Learn more at www.baseventure.com.

About FinovateSpring 2016FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Jose, the event offers an insight-packed glimpse into the future of money via a fast-paced, intimate, and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit finovate.com.

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SOURCE BaseVenture