SPV/Deal Manager Onboarding Guide

We are excited to have you onboard as a deal manager on the SmartFunds platform. This guide walks you through the steps required to complete your onboarding process, including identity verification, entity formation, and setting up your SPV for investment.

Step 1: Identity Verification (KYC/KYB)

Before we create your legal entity, we need to verify your identity and business credentials through our compliance partners, Bridge and Persona. This is a standard Know Your Customer (KYC) and Know Your Business (KYB) process to ensure compliance with regulatory requirements.

What You Need to Provide:

• For Individual Verification (KYC):

  • Government-issued ID (passport, driver’s license, etc.)

  • Proof of address (utility bill, bank statement, lease agreement, etc.)

  • Selfie verification for identity matching

• For Business Verification (KYB):

  • Business registration documents

  • EIN (Employer Identification Number) if applicable

  • List of beneficial owners (anyone owning 25% or more of the business)

  • Operating agreement or certificate of incorporation

Once you submit these documents through our verification partners, the process typically takes 24-72 hours for approval.

Step 2: SPV Information Form

Once your identity is verified, we will provide you with a SmartFunds SPV Intake Form, which will capture key details about your investment vehicle.

Information Required:

• Deal Name & Description – A brief summary of the investment opportunity.

• Deal Size – Total investment amount you seek to raise.

• Closing Date – Expected closing date for the deal.

• Wallet/Multisig Address – a recovery address for the SPV’s multisig

• Additional Details – Including the deal manager’s name, address and contact details as well as the name of the SPV manager and the underlying investment entity

This form ensures that we can set up the SPV according to your exact specifications.

This process typically takes 10-15 minutes.

Step 3: SPV Formation & Legal Filings

Once your KYC/KYB is approved and the SPV details are confirmed, SmartFunds will create your legal entity and handle all necessary filings.

What SmartFunds Handles for You:

1. Formation of the Legal Entity – SmartFunds will establish a Special Purpose Vehicle (SPV) under Delaware law.

2. Filing of Legal Documents – We will submit the necessary filings with the Delaware Secretary of State to ensure your entity is legally recognized.

3. SPV Setup on SmartFunds Platform – Your entity will be fully integrated into the SmartFunds Investor Portal, allowing you to manage your deal efficiently.

This process typically takes 2 business days, depending on regulatory approvals.

Step 4: Review & Sign SmartFunds Service Agreement

Before you begin fundraising, you will need to review and electronically sign the SmartFunds Service Agreement.

What’s Included in the Agreement?

• SmartFunds' Role – Acting as the administrator of your SPV.

• Administrative Services – Compliance, legal filings, investor onboarding, and fund management.

• Fees & Pricing – Details on administrative and platform fees.

Once signed, your SPV will be fully active on the SmartFunds platform.

Step 5: Deal Manager Role Activation

Upon legal entity formation and contract finalization, you will be designated as the manager of the deal on the SmartFunds Investor Portal.

What This Allows You to Do:

• Invite Prospective Investors – Use the platform’s tools to send invitations to potential

• investors.Monitor Investor Subscriptions – View investor commitments in real-time.

• Manage Closing Process – Track progress toward your fundraising goals.

• Communicate with Investors – Send updates and important deal information.

Step 6: Blue Sky Filings (State Compliance)

SmartFunds will handle all Blue Sky Filings on behalf of the SPV manager. These are state-specific regulatory filings required for securities offerings.

What This Means for You:

• SmartFunds ensures compliance with all applicable state laws.

• No additional action is required on your end – we handle the filings for you.

• Filings are submitted on time to prevent regulatory delays.

This ensures your offering remains fully compliant and ready for investor participation.

Next Steps & Support

Congratulations! Once these steps are completed, your SPV is live and ready for fundraising.

• Need Help? If you have any questions during the onboarding process, our support team is available at [e-mail] or via our Twitter/X account

• Ongoing Compliance & Management – SmartFunds continues to provide administrative support, ensuring smooth deal execution and investor communications.