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InvestNext, Inc. is a software company, not an FDIC-insured banking institution. Banking services are provided by Grasshopper Bank, N.A., Member FDIC.

Preparing to launch a capital raise is a disciplined process. Documents are finalized. Timelines are coordinated. Internal teams align on execution.

Then comes a seemingly straightforward task: opening a business account to accept and manage investor funds.

Today, InvestNext is introducing Transact accounts, integrated business accounts built specifically for raising capital, set up and managed directly inside the InvestNext platform. Across 1,600+ GPs, managing relationships and transactions from 90,000 LPs on InvestNext, we’ve seen this step become a blocker more times than it should. Transact is built to change that.

When Raise Preparation Meets Banking Friction

These are real statements we’ve heard from InvestNext clients and prospects during the development of Transact:

“I’ve been trying to get my bank account set up for over two weeks.”

“I was at the bank for almost four hours last week.”

“I have to drive 45 minutes each way just to deposit a check.”

In our experience, many sponsors encounter this problem at the same moment in each deal. As a raise moves toward launch, operational requirements surface quickly. One of the most critical is setting up a depository account to receive capital and manage distributions, but that is sometimes easier said than done. 

What should be a simple checkbox often turns into a blocker for launching a capital raise.

Traditional account setup can involve appointments, paperwork, branch visits, and unclear timelines. Sponsors may interact with banking teams unfamiliar with private capital structures. Documentation requirements are often vague, and setup timelines rarely align with launch timelines.

“I probably wasted six hours this week just trying to go through my bank. They just don’t understand what we do.”
— Summit Development Group, InvestNext Client

Why Traditional Setup Slows Teams Down

Despite its complexity, banking infrastructure was not built with capital raise preparation in mind.

Most general-purpose accounts require processes that assume one-off business needs, not repeatable raise cycles. Consequently, teams are forced to step outside the platform where they are already organizing documents, managing workflows, and coordinating launch readiness.

The result is fragmentation at the worst possible moment. Instead of focusing on execution, teams are pulled into additional administrative work, coordination across vendors, and waiting on external timelines they cannot control.

Making Business Account Setup a Predictable Step

InvestNext Transact changes where and how this step happens.

With Transact, GPs can set up an integrated business account directly inside InvestNext as part of their raise preparation. There are no bank appointments to schedule, no branch visits, and no need to navigate additional external portals.

Accounts are set up quickly, typically within one business day.

The process is fully digital, purpose-built, and aligned with how capital raises are actually prepared, so what was once unpredictable becomes a clear, intentional step in launch readiness. Sponsors can move forward with confidence in their timelines and deliver a clean, professional experience to their investors from day one.

Built for the Realities of Capital Raising

Transact is designed for firms of varied composition, but with shared operational goals.

Sponsors who launch raises frequently benefit from speed, repeatability, and centralized control that keeps pace with their activity. Tech-favoring firms gain infrastructure that integrates directly into the system they already use to manage capital relationships. Emerging and early-stage GPs gain a clear and reliable way to complete a critical requirement without navigating traditional banking hurdles.

Across all of these capital raisers, the goal is the same: remove friction before, during, and after the raise.

Reducing Costs Without Adding Complexity

No ACH Transaction for Capital Raises and Distributions*

For most capital raises, inbound ACH is the preferred way to accept funds. It is simple to reconcile and easy to manage. Yet per-transaction ACH fees quickly add up as investor volume grows.

Transact enables ACH payment use without per-transaction fees, helping sponsors maintain cost predictability during capital formation. This removes an unnecessary tradeoff between operational efficiency and expense discipline.

For high-volume raisers running multiple raises per year, the savings add-up, making the cost of capital formation meaningfully lower over time.

Automatic Wire Reconciliation

The connected infrastructure of Transact also eliminates one of the most tedious manual tasks in capital operations: reconciling wire transfers against the cap table.

When investors send funding by wire and include the reference number, the cap table is automatically updated in InvestNext. No manual matching. No chasing down transactions. Even if the reference is omitted, Transact automatically recognizes and suggests reconciliations based on capital activity already recorded in InvestNext.

For teams managing high investor volumes across multiple raises, this alone can reclaim hours of administrative work per raise cycle.

Included KYC/AML Verification

In the age of digital investing, investor verification and compliance are more critical than ever. Investors are rarely sitting across a desk from the sponsor at the moment they complete their investment.

KYC/AML verification is typically a per-investor cost, managed through a separate vendor. For sponsors running large or repeat raises, those fees can add up quickly. As a result, many sponsors skip KYC/AML altogether, opening up their deals and their investors to greater risk.

With Transact, KYC/AML is automatically built into every account and included at no additional cost during the capital raise. Investors complete verification securely within the platform, reducing administrative burden and supporting compliance without adding another vendor, another set of login credentials, or another line item to the costs associated with raising capital.

Infrastructure That Supports Real Work

Transact is part of a payments infrastructure designed to support the real work of managing a capital raise. By centralizing business account setup inside InvestNext, Transact helps teams move through launch preparation with fewer distractions, fewer delays, and more confidence in their timelines.

“This is finally not the thing slowing us down.”
— Denver Ventures, InvestNext Client

Here is what that looks like in practice:

• Keep more capital: Pay zero inbound or outbound InvestNext ACH fees*, reducing costs associated with your raise.
• Launch quickly: Open a dedicated business account in just 1 business day.
• Protect funds: Funds are held with Grasshopper Bank, N.A., Member FDIC, and are eligible for FDIC insurance up to applicable limits. The FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured bank.
• Stay secure: Enjoy fully encrypted accounts with included KYC/AML verification.
• Move capital flexibly: Transfer funds to escrow or other accounts with no ACH fees and daily wire options.
• Reconcile instantly: Match wires to your cap table automatically.

See Transact in Action

Launching a capital raise should feel intentional, secure, and on schedule.

Already an InvestNext client?

You can learn more about setting up Transact accounts here in our Help Center or schedule a call with a member of our team to learn more about setting up an account. 

Not an InvestNext client?

See how InvestNext gets your raise live with less friction and fewer fees by booking a demo.

InvestNext, Inc. is a financial technology company, not an FDIC-insured banking institution. Banking services are provided by Grasshopper Bank, N.A., Member FDIC. Funds are held with Grasshopper Bank and are eligible for FDIC insurance up to applicable limits. FDIC insurance protects against the failure of the bank holding deposits and does not protect against the failure of InvestNext or other third parties. FDIC insurance eligibility is subject to applicable limitations and requirements.

*Terms and conditions apply.