Passthrough partners with Altvia

Passthrough has partnered with Altvia to allow the latter’s users to sync historical investor information with Passthrough, automatically adding it to the company’s investor onboarding solution.

Passthrough provides automated subscription document execution and KYC/AML services. Recently, the firm partnered with Goodwin to enhance the fundraising process for the law firm’s clients.

A fund lifecycle platform, Altvia provides CRM, investor and deal management systems built for the private markets.

Through the partnership, Altvia’s clients can sync historical investor information with Passthrough. Further, the companies aim to improve their integration via API to automatically add investors to Passthrough’s investor onboarding and KYC/AML services.

“We think investor onboarding should be solved at the infrastructure level and over API, which means we don’t need to be another destination for fund managers and investors to constantly check. Instead, we power the private capital market with a default investor onboarding tool for fund managers,” said Tim Flannery, co-founder and CEO of Passthrough. “By connecting with our infrastructure, Altvia’s fund managers can provide simplified investor onboarding relying on software instead of pen and paper, so they can close their funds weeks or months faster.”

Jeff Williams, Altvia’s chief strategy officer, added: “We are laser-focused on creating the private capital market’s most seamless and elegant investor experience technology. To do that, we are partnering with best-of-breed solutions like Passthrough to provide similar experiences for our top-tier client roster and their investors. The streamlined experience that comes as the result of this integration, together with Passthrough’s differentiated resolution data, made this partnership a natural fit and we’re thrilled about what it offers the market.”

To learn more about Passthrough, check out The Drawdown’s recent interview with Flannery, in which we discussed the company’s software and the state of technology in private equity.