--- title: "Issuance Express Review" url: https://altstreet.investments/platforms/reviews/issuance-express kind: platform-review updated: 2026-11-05 description: "Issuance Express review: who runs the Reg CF portal (Jumpstart Micro), fees for issuers and investors, live deals with Form C links, cancellations, and how offerings turned out." publisher: AltStreet (https://altstreet.investments) license: Public factual pages may be read, quoted and cited with attribution and a link. Bulk redistribution is not permitted. --- # Issuance Express Review Issuance Express is a Regulation Crowdfunding funding portal operated by Jumpstart Micro, Inc., which FINRA and the SEC list under that name (file no. 007-00008). Issuance.com is a different product: the parent company's technology for Reg A and Reg D offerings. This review answers three questions: who runs the portal, what investors can buy on it, and what issuers and investors each pay. AltStreet score: 34.3 (D+), scored November 5, 2026. Method: https://altstreet.investments/platforms | Field | Value | | --- | --- | | Platform | Issuance Express | | What it is | Reg CF Funding Portal | | Asset class | Startups / Private Equity (Reg CF) | | Website | issuanceexpress.com | | Review first published | November 5, 2026 | | Last updated | November 5, 2026 | | AltStreet relationship | None: no affiliate, sponsorship or partnership | ## The short version Issuance Express is the same registered portal that operated as Jumpstart Micro from 2016. Its February 2023 SEC amendment 'reflects a change in control of the funding portal', and the site now says it 'is a wholly-owned subsidiary of Issuance, Inc.' Under Jumpstart, nine companies filed 12 offerings in 2016 and 2017, one reported a raise ($21,000), and the portal then hosted no new offering for more than five years. Since August 2023, 32 companies have filed 37 offerings through it. Across both periods, 11 issuers have reported final totals of $17.85 million on 13 offerings in their progress updates, led by Aptera Motors ($4.99 million) and PlayersTV ($3.20 million); two of its issuers later listed on Nasdaq. Issuers pay a cash success fee of 5% to 7% in recent Form Cs, owed only when an offering closes, and some add a $2,495 to $10,000 flat fee charged up front; AltStreet found no portal fee charged to investors. The thinnest part of the record is what happens after an offering ends: 25 of 38 ended offerings have no amount raised located in EDGAR, and 19 of the 24 companies behind them have filed no progress update, annual report or termination through the portal. - **Feb 2023** Change of control reported to the SEC: Jumpstart Micro's founder, Stephen Catanzano, was replaced as controlling officer by Darren Marble and Julian Hardman of Issuance. The portal kept its registration and was renamed Issuance Express. Since March 2023 the registration lists officers but no owner of 5% or more; the site names Issuance, Inc. as sole owner. - **$17.85M** Final totals reported on 13 offerings by 11 issuers in their Form C-U filings, 2017 to 2026; each is a closing figure, not an interim update. Aptera Motors ($4,992,855, 2024), PlayersTV ($3,204,288), 151 Coffee ($2,999,064, first offering), VenHub Global ($2,735,671), EVII Mission Hills ($1,962,536, first offering) and UgenticAI ($1,255,238 over three offerings) are the largest. Aptera and VenHub later listed on Nasdaq; that is a company milestone, and AltStreet has not traced whether the securities sold through the portal became tradable. - **5% to 7%** Cash success fee in Issuance Express-era Form Cs (one at 3%), paid by the issuer and owed only when an offering closes; several add a flat fee of $2,495 or $10,000, which in some offerings is charged up front. The portal's published ceiling is 'not to exceed 8%' on its site and 'up to 10%' in its November 2024 SEC registration, plus up to 5% in securities. Under Jumpstart it was 6% cash plus a 3% warrant or equity stake. - **$0** Portal fee to investors, in the disclosures and Form Cs AltStreet reviewed. Investors pay by card, ACH or USDC through Stripe; Form Cs warn that a card issuer may charge up to 5% or 6% if the payment is treated as a cash advance. - **25 of 38** Offerings that have ended (deadline passed or reported complete, not withdrawn) with no amount raised located in EDGAR. Counted by SEC file number, so a company with three offerings counts three times. Of the 24 companies behind them, 19 have filed no progress update, annual report or termination through the portal, so whether those offerings raised anything is not on record. Data note: Issuers are counted by SEC CIK (41) and offerings by SEC file number (49), the unit EDGAR uses to tie a Form C to its amendments and progress updates; each figure below says which it uses. Amounts raised are final totals from the issuers' Form C-U filings. Displayed offering terms are as shown on issuanceexpress.com/invest on November 5, 2026. Bonus-share terms, fees and dates are offering-specific and were read from each Form C. ## Key figures | Figure | What it is | Context | | --- | --- | --- | | 41 / 49 | Issuers and offerings since 2016 | By CIK and by SEC file number: 9 issuers and 12 offerings under Jumpstart, 32 and 37 under Issuance Express. | | $17.85M | Reported raised | Final totals on 13 offerings by 11 issuers (Form C-U). | | 5% to 7% | Issuer cash fee in recent Form Cs | Owed on a closing; some flat fees up front. Investors pay no portal fee. | | 25 of 38 | Ended offerings with no amount raised located | 19 of the 24 issuers behind them filed no update, annual report or termination. | ## Verdict Issuance Express is a registered, clean-record Reg CF portal that has grown quickly under Issuance since 2023 and hosted a few well-known issuers, two of which later listed on Nasdaq. It costs investors nothing to use; issuers pay 5% to 7% plus, sometimes, a flat fee. The weak point is the record after an offering ends: most ended offerings have no amount raised located in EDGAR, and several issuers stopped filing annual reports. **Best for** - Investors putting small amounts into companies they know, who will read the Form C and follow the company directly **Look elsewhere if** - You need to sell before the company does - You want a public record of how earlier offerings on the portal turned out - You cannot afford to lose the full amount **Strengths** - SEC-registered funding portal and FINRA member with no disciplinary history disclosed - No portal fee for investors; card, ACH and USDC payment - Detailed public issuer guides and disclosures - Issuers include companies that later listed on Nasdaq (Aptera, VenHub) **Limitations** - 25 of 38 ended offerings have no amount raised located in EDGAR - Published fee ceilings disagree (8% vs. 10%), and flat fees are common - Ownership not stated in the SEC registration since 2023 - Bonus-share tiers mean uneven pricing within offerings ## Who it fits | Investor | Fit | Why | | --- | --- | --- | | Customers and fans who want a small stake in a company they use, with money they can afford to lose | neutral | | | Investors who want to track performance after investing | poor-fit | | | Investors who need liquidity | poor-fit | | | Small or late investors in bonus-share offerings | neutral | | ## Questions **Is Issuance Express legit?** Yes. Jumpstart Micro, Inc., doing business as Issuance Express, is an SEC-registered funding portal and FINRA member (file no. 007-00008), its registration discloses no disciplinary history, and AltStreet located no regulatory action or investor lawsuit against it. Registration means it may host Reg CF offerings; it is not an endorsement of any deal. **Is Issuance Express the same as Issuance.com?** No, but they are related. Issuance Express is the Reg CF funding portal, operated by Jumpstart Micro, Inc., a wholly-owned subsidiary of Issuance, Inc. according to its disclosures. Issuance.com is the parent's technology for Reg A and Reg D offerings. Jumpstart Micro ran the same portal under its own name from 2016 until a change of control in February 2023. **What companies can I invest in on Issuance Express?** On November 5, 2026 the offerings page displayed 151 Coffee, EVII Mission Hills, Chicago Concours, Aeropay Express and World's Best Cocktails, each linked to its Form C, and also FairwayPay, whose filed deadline of October 31, 2026 had passed. Past issuers include Aptera Motors, VenHub Global, PlayersTV and UgenticAI. **Do I have to be accredited to invest, and what's the minimum?** No. Anyone 18 or older can invest, within Reg CF limits (for most people, the greater of $2,500 or 5% of income or net worth over 12 months if either is under $124,000). Current minimums run from $50 (Chicago Concours) to $500 (Aeropay Express). **Does Issuance Express charge investors a fee at checkout?** AltStreet found no portal fee for investors in the disclosures or the Form Cs it reviewed. You pay by card, ACH or USDC through Stripe. Some Form Cs warn that a card issuer may charge up to 5% or 6% if it treats the payment as a cash advance, so ACH avoids that cost. **Can I cancel my investment and get my money back?** Yes, until 48 hours before the offering deadline: 'Investors can always cancel their investment up to 48 hours before the deadline.' After that, the commitment completes unless the issuer makes a material change, in which case you must reconfirm or your money is returned. **What happens if the company doesn't hit its funding goal?** The offering is canceled and your money is returned from escrow. The portal says it will email each investor within five business days with the reason and the refund amount. **Can I sell my shares after a year?** The Reg CF restriction ends after one year, but there is no secondary market on Issuance Express, and the company's documents may limit transfers. In practice, most investors wait for a sale or listing of the company. **How much does it cost to raise money on Issuance Express?** Recent Form Cs show a cash success fee of 5% to 7% of the amount raised, owed only when the offering closes, sometimes with a flat fee of $2,495 or $10,000 that can be due up front. The portal's published ranges are an upfront fee of $1,000 to $10,000, a cash fee up to 8% (site) or 10% (SEC registration), up to 5% in securities, and pass-through escrow and bank costs. Accounting and legal work are separate. **Will Issuance Express bring investors to my campaign?** Not by itself. Its issuer guide says 'Portal access does not promise investor demand or a successful raise' and that the company leads its own marketing; funding portals may not solicit purchases or recommend offerings. **Does Issuance Express prepare and file my Form C?** Yes. The portal says it 'manages Form C production and filing', coordinating the company's CPA, counsel and other partners, and supports the deal page and investor onboarding. The company remains responsible for what the Form C says. **How does Issuance Express compare with Wefunder or Netcapital?** All three are Reg CF portals paid mainly by issuers. Wefunder is far larger, with issuer fees of 5.0% to 7.9% in its recent Form Cs. Netcapital charges issuers a $5,000 listing fee and 4.9% of the raise plus a 1% equity fee, and investors nothing via ACH. Issuance Express is smaller and newer in its current form, with 5% to 7% plus flat fees. See the comparison section below. ## Update history **November 5, 2026: Review published** First published review, built from the portal's registration history, the EDGAR filings of its 41 issuers and 49 offerings (with OCR of scanned attachments), the site and the court record. Owner pass 1: counts reconciled by CIK and SEC file number, displayed offerings distinguished from those within their deadlines, success-fee timing stated, the post-offering gap kept as a disclosure finding, Nasdaq listings kept as issuer milestones. ## Evidence appendix Platform website captured November 5, 2026. Every CFPORTAL filing of Jumpstart Micro, Inc.; every EDGAR filing of the 41 issuers whose Form C names the portal; Form C and C-AR attachments with Textract OCR; issuanceexpress.com and issuance.com pages; the live-offerings page captured by the owner; FINRA BrokerCheck; CourtListener RECAP searches; AltStreet SEC and FINRA enforcement tables. **Highlights** - CFPORTAL/A (February 27, 2023): 'This amendment reflects a change in control of the funding portal and change of qualified third party.' - Disclosures: 'Issuance Express is a wholly-owned subsidiary of Issuance, Inc.' - Disclosures: 'a cash success fee which is a percentage of the money raised not to exceed 8%'; CFPORTAL/A (November 2024): 'up to 10% cash of the equity raised and up to 5% in equity'. - Disclosures: 'Investors can always cancel their investment up to 48 hours before the deadline.' - Investor page: 'Hosting an offering is not an endorsement or investment advice.' **Primary source pages** - issuanceexpress.com home, invest, disclosures, issuer guide (offering costs, funding portal role, closing and cancellations) and offering pages (captured November 5, 2026) - Jumpstart Micro, Inc. Form CFPORTAL (January 2016) and 14 amendments, latest November 12, 2024 - SEC EDGAR Form C, C/A, C-U, C-AR, C-TR and C-W filings of the 41 issuers - Novation Solutions, Inc. v. Issuance, Inc., C.D. Cal. 2:23-cv-00696, order of August 16, 2023 (Dkt. 89) - In re Prime Core Technologies Inc., Bankr. D. Del. 23-11161, consolidated creditor list - FINRA BrokerCheck, Jumpstart Securities, LLC (CRD 156214) ## Related - Full review (HTML): https://altstreet.investments/platforms/reviews/issuance-express - Every platform review: https://altstreet.investments/platforms/reviews - Methodology and scoring: https://altstreet.investments/platforms - Category hub: https://altstreet.investments/categories/secondary-pre-ipo-markets --- Source page: https://altstreet.investments/platforms/reviews/issuance-express Machine index: https://altstreet.investments/llms.txt AltStreet reads what platforms, funds and issuers file with the SEC and what they tell investors, and publishes the difference. Figures are as filed or as captured on the date stated; nothing here is investment advice.