Issuance Express
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.
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What the data actually shows - TL;DR
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.
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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.
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.
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.
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.
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.
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.
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.
Quick Verdict
Is this platform right for you?
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
Avoid 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
Top 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)
Key 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
Compare Before Deciding
Issuance Express alternatives
The closest alternatives are larger Reg CF portals that differ on scale, fees and whether any resale market exists.
The scale benchmark
Wefunder
The largest Reg CF portal; issuers paid 5.0% to 7.9% in its recent Form Cs, and some offerings add an investor fee.
Lower issuer fee
Netcapital
A $5,000 listing fee and 4.9% of the raise plus 1% in equity; investors pay nothing via ACH.
With a resale market
StartEngine
Reg CF, Reg A+ and Reg D under one group, with an alternative trading system for resales of earlier shares.
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.
Quick Answers
What most investors want to know first
The highest-signal facts first: minimums, liquidity reality, K-1 timing, and whether distributions are actually part of the experience.
Liquidity
No secondary market on the portal.
K-1 Timing
Set by each LLC issuer; not stated.
Distributions
Issuer-specific; most offerings are equity or SAFEs with no scheduled payments.
Overview
Platform Overview
A concise read on what the platform is, how the structure works, and where the practical friction shows up for real investors.
Jumpstart Micro, Inc. (Delaware, 2016) is an SEC-registered funding portal and FINRA member doing business as Issuance Express, based at 9800 Wilshire Blvd, Beverly Hills. Under Regulation Crowdfunding, a company can raise up to $5 million a year from accredited and non-accredited investors after filing a Form C. Issuance Express prepares and files the Form C, builds the deal page, onboards and screens investors, and coordinates escrow closings with North Capital Private Securities Corporation; the company runs its own marketing. Investors create an account, choose an amount above the offering's minimum (currently $50 to $500), sign the subscription documents and pay by card, ACH or USDC.
The parent, Issuance, Inc., separately sells offering technology for Reg A and Reg D raises at issuance.com. Jumpstart Securities, LLC, a broker-dealer with a similar name, is an unrelated firm.
What investors buy is equity, SAFEs and some debt in small private companies, with Form C disclosures and few public updates afterward. What it costs: issuers pay a cash success fee of 5% to 7% plus, in some offerings, a flat fee; investors pay no portal fee.
Who runs it
Jumpstart Micro, Inc. d.b.a. Issuance Express, funding portal 007-00008 (CIK 1664804), Beverly Hills; officers Darren Marble and Julian Hardman since February 2023, Stephen Catanzano (founder) as Chief Compliance Officer since October 2023. 'A wholly-owned subsidiary of Issuance, Inc.' per the site. Every disciplinary question in its registration is answered No.
Issuance Express vs. Issuance.com
Issuance Express is the Reg CF portal for community rounds open to everyone. Issuance.com is the parent's capital-markets technology for Reg A+ and Reg D offerings, where issuers run their own raises. They share ownership and branding, not regulatory status.
Issuer fees
Site disclosures: upfront fee of $1,000 to $10,000, cash success fee 'not to exceed 8%', securities worth up to 5% of the raise, and pass-through bank and escrow fees. SEC registration (November 2024): up to 10% cash, up to 5% in equity, and $500 a month that may be credited against success fees. Actual Form C terms since 2023: 5% to 7% cash (one at 3%), some with $2,495 or $10,000 flat fees.
Investor fees
No portal fee located in the disclosures or Form Cs. Payment by credit card, ACH or USDC, processed by Stripe; card issuers may treat a card payment as a cash advance.
Offerings displayed (November 5, 2026)
151 Coffee (Class B non-voting shares, $255 minimum, up to $2,000,000, deadline July 1, 2027); EVII Mission Hills (Class B non-voting common, $299.25, up to $3,499,999.50 on the page, December 31, 2026); Chicago Concours (common, $50, $200,000, December 31, 2026); Aeropay Express (common, $500, $2,000,000, March 30, 2027); World's Best Cocktails (common, $100, $350,000 on the page, December 31, 2026); and FairwayPay (membership interests, $80, $1,000,000), still displayed although its filed deadline was October 31, 2026. Each card links to the Form C. Whether each was accepting investments that day was not verified.
Track record
41 issuers (by CIK) and 49 offerings (by SEC file number) since 2016: 9 issuers and 12 offerings under Jumpstart (2016 to 2017), 32 issuers and 37 offerings under Issuance Express (August 2023 on). Final totals of $17.85 million reported on 13 offerings by 11 issuers. 6 offerings withdrawn; 6 displayed on November 5, 2026, 5 of them within their filed deadlines. Aptera Motors and VenHub Global later listed on Nasdaq.
Cancellation and liquidity
'Investors can always cancel their investment up to 48 hours before the deadline.' If an offering misses its target, the portal notifies investors and directs refunds. No secondary market; for the first year Reg CF shares can be transferred only to the issuer, an accredited investor, a family member or in a registered offering.
Court and regulatory record
No regulatory action or investor suit naming the portal, Issuance or its officers located. Novation Solutions (DealMaker) v. Issuance, Inc., Darren Marble and Crush Capital (C.D. Cal. 2:23-cv-00696): a competitor's false-advertising suit; on August 16, 2023 the court restrained the defendants from stating that DealMaker's platform does not offer 'checkout in under one minute' and denied other requested relief; the case ended December 21, 2023.
Visual Summary
What issuers actually pay: published ranges against Form C terms
Compensation stated in each offering's latest Form C or C/A naming the portal, against the portal's published ranges. Issuer compensation only; investors pay no portal fee.
Site disclosures (2026)
$1,000 to $10,000 upfront; cash success fee not to exceed 8%; up to 5% in securities; bank and escrow fees passed through
SEC registration, CFPORTAL/A (November 2024)
$1,000 to $10,000 upfront and $500 a month; up to 10% cash; up to 5% in equity
SEC registration, Jumpstart Micro (2016 to 2022)
$500 to $1,500 listing fee; 6% cash; 3% in equity
UgenticAI (Form C/A, August 2026)
7.0% cash success fee after each closing
FairwayPay (Form C/A, June 2026)
7.0% cash success fee plus a $10,000 flat commission
EVII Mission Hills (Form C, August 2026)
7% of the amount raised plus a $10,000 setup fee
151 Coffee (Form C, October 2026)
5.0% cash; $10,000 flat fee already paid, credited against commission above $200,000
Aptera Motors (Form C/A, May 2024)
5% of all sums raised
Nico Ventures (Form C, 2025)
7.0% and $2,495
Nutcase Milk (Form C, June 2025)
3% of the amount raised
ASWho pays, and when
- On a $500,000 raise at 7% plus a $10,000 flat fee, the company pays the portal $45,000, before accounting, legal and escrow costs.
- The success fee is due at each closing, so rolling closes pay the portal as money is released; a flat fee may be due before any money is raised.
- Bonus shares cost the company nothing in cash but are issued from the same offering, so they move value from investors who do not qualify to those who do.
Key Gaps & Non-Disclosures
- Owner of 5% or more not named in the SEC registration since March 2023.
- No amount raised located for 25 ended offerings.
- No public record of investor repayments, distributions or exits.
Platform Intelligence
Jumpstart Micro to Issuance Express
Key platform events, regulatory turns, liquidity stress points, and product launches that shape how the review should be read.
Jumpstart Micro registers
Funding portal registration filed January 2016 by founder Stephen Catanzano; first Form Cs in July.
Last Jumpstart offerings
12 offerings from nine companies in 2016 and 2017; one reports a raise (Cornerstone Kids, $21,000).
Change of control
February 27 amendment reports a change in control to Darren Marble and Julian Hardman; renamed Issuance Express; first new offerings in August.
Escrow and court
Prime Trust, the escrow agent since October 2022, enters Chapter 11 in August; a court restrains Issuance from one statement about DealMaker.
Largest raise
Aptera Motors raises $4,992,855 through the portal.
Issuers go public
Aptera Motors lists on Nasdaq (SEV); VenHub Global closes its $2.74 million round and lists in early 2026 (VHUB).
Six offerings displayed
151 Coffee, EVII Mission Hills, Chicago Concours, Aeropay Express and World's Best Cocktails within their filed deadlines in November; FairwayPay still displayed after its October 31 deadline.
Investor Operations
The practical questions investors actually care about: when tax documents arrive, how cash distributions work, and whether capital can be exited before the underlying asset is sold.
Tax Documents
K-1 Timing
What to expect
Set by each LLC issuer; not stated.
Extension risk
Possible for LLC members; not stated.
Confidence: Low
Cash Flow
Distributions
Timing
Issuer-specific; most offerings are equity or SAFEs with no scheduled payments.
Consistency
AltStreet located no public distribution history for any portal issuer.
Liquidity
Exit Reality
Holding period
One-year Reg CF transfer restriction; afterwards, issuer transfer limits and no market.
Exit options
- Sale or merger of the issuer
- A later listing of the issuer's shares (Aptera and VenHub listed on Nasdaq; whether portal investors' securities became tradable was not traced)
- Private sale, within the issuer's limits, after one year
Secondary market
No secondary market on the portal.
Confidence: High
Investment Structures
Common and non-voting stock
Most offerings displayed in November 2026 (Chicago Concours, Aeropay Express, World's Best Cocktails, EVII Mission Hills Class B). Returns depend on a later sale or listing; non-voting classes carry no say in the company.
SAFEs and Crowd SAFEs
Used by PlayersTV (Crowd SAFE, $25 million valuation cap), NexQloud, FireBot Labs, Ampicity and Nutcase Milk. A SAFE converts to shares only at a later priced round or sale.
LLC interests
151 Coffee (Class B non-voting shares at $150), FairwayPay (membership interests at $80), Super Studios, Nico Ventures, Cards & Coffee. Members may receive K-1s.
Jumpstart Micro era (2016 to 2017)
Small offerings of preferred stock, LLC units and one debt raise (REvolve Partners), with targets of $20,000 to $220,000.
Risk
Risk Structure
This is where the marketplace pitch gives way to the actual operating reality: delayed exits, limited disclosure, fee drag, and path-dependent outcomes.
Issuer-paid portal
The portal earns its fee only when an issuer raises, and its required screening covers disqualification and fraud risk, not investment merit.
Ownership disclosure
The SEC registration has named no 5% owner since the 2023 change of control; the site names Issuance, Inc.
Reporting after closing
Most ended offerings have no amount raised located in EDGAR, and several issuers with sales missed annual reports.
Bonus-share pricing
Size and timing bonuses mean investors in the same offering pay different effective prices.
Escrow history
Six escrow agents since 2016, including Prime Trust before its 2023 bankruptcy; North Capital since December 2023.
Losing track of the investment
25 of 38 ended offerings have no amount raised located in EDGAR, and 7 of 16 issuers with confirmed sales missed an annual report.
Why it matters
Investors have the Form C financials at the time of the offering and often little after it.
Mitigation / verification
Check the issuer's EDGAR filings for progress updates and annual reports from past raises before investing.
Early-stage company risk
Issuers are mostly young companies; Aptera reported a $34.9 million loss and EVII Mission Hills no revenue in their latest annual reports.
Why it matters
Equity and SAFE holders are paid last and can be diluted by later rounds.
Mitigation / verification
Read the Form C's financial statements, use of proceeds and capitalization table.
Uneven pricing
Bonus shares by size and date are common.
Why it matters
A small or late investor pays more per share than a large or early one in the same offering.
Mitigation / verification
Read the bonus terms in the Form C and on the offering page before choosing an amount.
No exit route
There is no secondary market on the portal.
Why it matters
Money is tied up until a sale, listing or buyback, which may never happen.
Mitigation / verification
Invest only what you can leave untouched for years.
Biggest Misconceptions & What Actually Happens
- 'SEC-registered funding portal, FINRA member': registration is a license to host Reg CF offerings, not an endorsement of the offerings.
- 'Issuance Express' vs. 'Issuance': the portal is Jumpstart Micro, Inc.; Issuance, Inc. is its parent and runs separate Reg A and Reg D technology.
- 'Jumpstart Securities': an unrelated broker-dealer (CRD 156214, registration terminated May 2024), not part of the portal.
- 'Crush Capital': a separate company led by Darren Marble at the same address, with a referral agreement with Issuance; its Reg A offering was withdrawn in April 2023. It was the third defendant in the DealMaker suit.
- Two issuers listing on Nasdaq is a company milestone. It is not an investor exit or a measured return unless the securities sold through the portal can be traced into the listed shares, which AltStreet has not done.
Regulatory & Legal Posture
Security Status
Regulation Crowdfunding offerings (Securities Act section 4(a)(6)) through a registered funding portal.
Each issuer files a Form C with financial statements, progress updates and annual reports until it can terminate reporting.
Disclosure Quality
Good at the offering stage; thin after closing.
Custody Model
Investor funds are held by a qualified third-party escrow agent (North Capital Private Securities Corporation) until closing conditions are met; the portal does not hold investor money.
Regulatory Backing
SEC-registered funding portal and FINRA member (007-00008), no disciplinary history disclosed.
Tax Treatment
Reporting
Issuer-specific: shareholders of corporations receive tax forms only on dividends or sales; LLC members receive Schedule K-1s.
Set by each issuer; not stated by the portal.
Income Character
Capital gain or loss on a sale; ordinary income on any interest.
SAFEs generally have no tax event until conversion or a sale.
Limitation
LLC interests can create taxable income without cash; confirm with a tax adviser.
Account Suitability
Taxable
Available to taxable investors.
Roth IRA
Possible through a self-directed IRA custodian that accepts Reg CF securities.
Traditional IRA
Same as Roth; LLC interests can create UBTI.
HSA
Not suitable in practice.
Before You Invest
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AltStreet Data Layer
What the data actually shows
AltStreet read the portal's 15 registration filings and every EDGAR filing of its 41 issuers, including 1,791 scanned pages read by OCR.
Two eras, one registration
12 offerings from nine companies in 2016 and 2017 under Jumpstart Micro (one reported raise, $21,000), no new Form C from December 2017 to August 2023, then 37 offerings from 32 companies under Issuance Express.
What this means
The portal's track record is effectively three years long.
Fee ceiling rose after the sale
The registration's cash ceiling went from 6% (2016 to 2022) to up to 7% (February 2023), 8% (May 2023) and 10% plus $500 a month (December 2023). Actual Form C fees since 2023 run 5% to 7%.
What this means
Use the Form C, not the published range, to see what an issuer pays.
Outcomes missing
By SEC file number: 49 offerings, 6 withdrawn, 13 with a final total in a C-U, 5 within their filed deadline on November 5, 2026, and 25 ended with no amount raised located in EDGAR. The 25 come from 24 issuers, 19 of which have no C-U, C-AR or C-TR naming the portal. Four issuers (Because Coffee Ten, NexQloud, Wisdom.IO, Nutcase Milk) filed annual reports but no amount.
What this means
For most ended offerings, investors cannot tell from public filings whether the round succeeded. This is a gap in the public record; AltStreet does not assess which filings each issuer was required to make.
Annual reports
Of 16 issuers with confirmed sales and an annual report due by November 5, 2026 (fiscal year ends from EDGAR), 9 filed or lawfully terminated; 7 missed at least one, of which Aptera and VenHub file 10-Ks, PlayersTV and NexQloud filed later Form Cs on DealMaker, and Cornerstone Kids, Because Coffee Ten and McQueen Labs have no annual update located.
What this means
The larger issuers' financials are public by other routes; the smaller ones' are not.
Data as of 2026-11-05 . AltStreet review evidence layer . Public-source analysis
Full dataset41 / 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.
Decision Fit
Investor Fit
Who this works for, who it does not, and what level of patience and complexity tolerance the platform really demands.
Customers and fans who want a small stake in a company they use, with money they can afford to lose
Low minimums and no investor fee; outcomes are rarely reported.
Investors who want to track performance after investing
Most ended offerings have no amount raised located in EDGAR and several issuers missed annual reports.
Investors who need liquidity
No secondary market.
Small or late investors in bonus-share offerings
Larger or earlier checks often buy more shares per dollar.
Tradeoffs
Key Tradeoffs
The attraction of pre-IPO access is real, but every benefit comes bundled with a corresponding liquidity, transparency, or pricing cost.
Free to invest vs. issuer-paid
Investors pay no portal fee; issuers pay 5% to 7% on a closing plus some flat fees up front.
Recognizable issuers vs. thin follow-up
Some issuers listed on Nasdaq; most ended offerings have no result located in EDGAR.
Low minimums vs. long holds
$50 to $500 to start; no resale market.
Avoid
Who This Is Not For
This section should be read as a filter, not an afterthought. If you need income, simplicity, or near-term access to capital, the structure is working against you.
Investors who need liquidity
No secondary market and a one-year transfer limit.
Investors who rely on public performance data
Most ended offerings have no amount or outcome located in EDGAR.
Investors who cannot lose the full amount
Early-stage companies, mostly equity and SAFEs.
Editorial View
AltStreet Perspective
The compressed version of the review: what matters, what marketing tends to obscure, and how we would frame the platform for a serious allocator.
Verdict
A registered, investor-free-to-use Reg CF portal that has grown fast under new ownership, with a thin public record after offerings close.
Positioning
Use it for small stakes in companies you can follow yourself, and read each Form C's fee and bonus terms.
The Bottom Line
Easy to join a round; hard to see how past rounds ended.
Action
Next Steps
If you still want to engage after reading the review, these are the practical next moves that reduce avoidable mistakes.
Open the Form C from the offering page and read the fee, bonus-share and use-of-proceeds sections.
Search the issuer on EDGAR for progress updates and annual reports from any earlier raise.
Pay by ACH if you want to avoid card cash-advance charges.
Note the deadline: you can cancel up to 48 hours before it.
AltStreet Research Desk
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Deal Intelligence →Appendix
Sources, Disclosures, and Supporting Context
The lower section is structured like a report appendix: relationship context first, adjacent reading second, and evidence last.
Report Appendix
Disclosure
Relationship and compensation context
+
Report Appendix
Disclosure
Relationship and compensation context
Report Appendix
Related Resources
Adjacent platform comparisons, frameworks, and category links
+
Report Appendix
Related Resources
Adjacent platform comparisons, frameworks, and category links
Further Reading
Related Resources
Adjacent frameworks and reviews that help place the platform in a broader allocation or due-diligence context.
Explore Asset Class
Startups / Private Equity (Reg CF)Fund Landscape
Similar Platform Reviews
- Wefunder
Largest Reg CF portal.
- Netcapital
Reg CF portal with a lower percentage fee and a listed parent.
- StartEngine
Reg CF, Reg A+ and Reg D with a resale market.
- Vicinity Ventures
Southeast Reg CF portal with an angel network.
Report Appendix
Evidence & Methodology
20 cited passages on file; sources, scope, and how the review was assembled
+
Report Appendix
Evidence & Methodology
20 cited passages on file; sources, scope, and how the review was assembled
Evidence on file
20 supporting passages on file for Issuance Express and its offerings from 18 source documents, 2 discrepancies flagged. Each passage records the metric it supports, the value read from the document, the page, and the verbatim text where the document has it. Terminal subscribers read the passages; open them in the terminal.
- Cited passages
- 20
- Source documents
- 18
- Analyst verified
- 0
- Discrepancies flagged
- 2
ASReview Evidence
Methodology
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.
Scope
Portal CIK 1664804 and 41 issuer CIKs; Jumpstart Securities, LLC (CIK 1509693) reviewed and excluded as unrelated; federal court records; state courts not searched.
Key Findings
- *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
FAQ
Frequently Asked Questions
High-intent search questions answered directly, without making users hunt through the full review.
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
What's changed in this Issuance Express review
New data, new findings, corrections, and confirmations as they emerge. Most recent updates appear first.