EelamClub

Why invest in Eelamclub?
What Is Equity Crowdfunding?
What types of securities can I buy on Eelamclub?
How much can I invest?
How Does It Work?
What do I get when I invest?
How do I get a return?
What will be the return on my investment?
Can I sell my shares?
Where can I find more financial information about a company?
Is there any cost to investing?
How can I pay for my investment?
How do I view my investment status?
What are the Different stages of your investment?
How do I cancel my investment?

CORPORATE INVESTMENT

Our investment philosophy

Our goal is to simplify investing so that anyone can be the investor. With this in mind, we hand-pick the investments that we offer on our platform. This curated list is comprised of single stocks and investing themes that are well-known, approachable, and straightforward. You always get to choose how to invest your money, but you'll never be alone. We give you the choices, tools, and tips you need to build a portfolio that reflects you. And along the way, Eelamclub team can help guide you as you invest.

Open an account and transfer funds

To begin investing at EelamClub, you must open an investing account at Eelamclub.com. Whether you want to invest as an individual, a corporation, ATM investing account or a joint account, we offer an account type to fit your needs.

Open an account Today.

It is easy to transfer money to your EelamClub account from Any bank account.

Build your portfolio.

Instead of investing in an entire loan, you can invest in pieces of loans in $10 increments. When you invest in a piece of a loan, EelamClub will issue you a Note in the amount of your investment with stated interest rates. Investors may choose to spread their investment across hundreds or even thousands of loans in order to create a diversified portfolio.

Using loan grades or other selection criteria, you can balance the risks and returns of your investments and build a portfolio that suits your goals. In addition to loan grade, you can choose the term length (5 or 10 years), loan purpose, borrower location, and any other available criteria.

There are several methods for building your portfolio. You may use the Browse Loans feature to manually review and select loans currently available on the platform and build your portfolio Note by Note. You may also qualify to use EelamClub’s Automated Investing service, an automated investing tool driven by investment criteria that you select. You can change your investment criteria and pause or cancel Automated Investing at any time. Currently, there is no minimum balance on standard ATM investing accounts.* Investors may invest as little as $10.00 in a loan facilitated by EelamClub. Keep in mind that diversification—spreading investments evenly across many Notes—may result in more stable returns.

What Is Equity Crowdfunding?

Equity crowdfunding lets startups and private businesses raise capital from the crowd. Everyone can be an investor of Eelamclub. And most of the investors from the Aboard Tamil community.

On Eelamclub, people can invest in startups that they believe in. Equity crowdfunding allows startups and private companies to raise capital from the crowd through the sale of securities like equity, debt, revenue share and more. Anyone, regardless of wealth, can invest in private businesses, not just the ones trading on stock exchanges, and they can do so online.

Follow Your Investments

Track the performance of your investments over time as the companies you invested in grow.

Buy Equity in Companies

Invest in private businesses and early-growth startups and purchase equity, debt, convertible note, revenue share, and more.

Who Can Invest?

Anyone over 18+ years old can invest in companies on Eelamclub.

Now, nearly anyone can invest in startups through equity crowdfunding. Investors have to be at least 18 years old, and Eelamclub does accept investment from any one from anywhere like Canada,france,UK…but we don’t accept any investments some of the countries whom banded by united state of American. investors due to the securities laws in those countries. Otherwise, anyone can invest in companies raising capital on Eelamclub.

What do I get when I invest?

When you invest in a company on eelamclub you receive an interest in the company, in the form of a security.

How do I get a return?

Each company can customize its Crowd SDA, including or excluding certain provisions. Most include an interest rate and a minimum return multiple. If the Crowd SDA includes both an interest rate and minimum return multiple, the provision more favorable to the investor applies.

Key terms of the Crowd SDA include:

Annual Payment means an amount equal to or greater than the product of (i) the Loan Amount and (ii) the Interest Rate.

The Interest Rate is simple interest, paid annually, calculated based on the amount of your investment in the offering.

The Maturity Date is a future date, usually expressed as a number of of years from the Payment Start Date (as defined in the Crowd SDA). Upon the maturity date, the company must repay all outstanding interest and principal due under the Crowd SDA.

The Minimum Return Multiple is also determined by the company and defines the minimum total return which the investor is entitled to have received by the Maturity Date, expressed as a multiple of the principal amount.

RISK NOTE: payments are not guaranteed. The company may not have sufficient capital available to meet its payment obligations under the Crowd SDA, and the Crowd SDA is unsecured, meaning there is no collateral to which investors would have recourse in the event that the company is unable to meet its payment obligations.

Why invest in Eelamclub?

On Eelamclub, you support startups and early-growth companies in srilanka that you are passionate about. This is different from helping a company raise money on Kickstarter. You aren’t buying products or merch. You are buying a piece of a company and helping it grow. In time, you may make a profit on your investment if the company grows and becomes more successful, and your investment holdings become worth more.

What types of securities can I buy on Eelamclub?

The majority of offerings on Eelamclub are common stock, but some companies raise capital through convertible note, debt, and revenue share. You can invest in companies from all kinds of industries, from green tech to professional ultimate Frisbee leagues.

How much can I invest?

Regulation,investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.

Why do you require my social security number or government ID for some investments?

Who can invest on Eelamclub?

Anyone over 18 years of age can invest on Eelamclub. However, if you are younger, a parent could invest in your name by setting up a UTMA or trust. To learn more about how much you can invest, please review the SEC Investor Bulletin.

Secondly, while we do invest in Sri Lanka and India. and we are currently accepting investments from Tamil investors like you and me. Your investments are directly going to Srilanka and India within 48 hours after closed crowd funding.

What will be the return on my investment?

Eelamclub assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, Eelamclub has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

Can I sell my shares?

Once the live offering has closed, you may choose how to handle your shares. You will be introduced to the company’s selected transfer agent, which is the cap table management service, who will be responsible for the transfer of your shares after the close of the offering.

important note: there is not currently an established secondary market for shares sold on Eelamclub, though we are building a trading platform where investors can buy and sell securities that will launch, pending our registration as a broker-dealer.

The shares sold via Regulation A+ offerings are unrestricted and can be sold freely immediately after purchase. However, the shares sold via Regulation Crowdfunding offerings have a two -year lock up period before those shares become unrestricted and can be sold freely.

Investors are generally restricted from reselling shares for a two-year period after they were issued, unless the shares are transferred:

to the company that issued the securities;

to an accredited investor

to a family member (defined as a child, stepchild, grandchild, parent, stepparent, grandparent, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships.);

in connection with your death or divorce or other similar circumstance;

to a trust controlled by you or a trust created for the benefit of a family member; as part of an offering registered with the SEC.

Where can I find more financial information about a company?

All available financial information can be found on the campaign pages for both Regulation Crowdfunding and Regulation A+ offerings. For companies raising capital with Regulation Crowdfunding, you can find that information under the “Terms” tab. But not available at the moments

For Reg- offerings, their financial information can be found in their offering circular, which will be linked on their campaign page. Campaigns that are currently testing the Waters are not required to display their finances until they go into live offering mode. If you have questions for a company, feel free to submit a comment in the “Comment” tab of their campaign page, and they will respond to you directly.

Is there any cost to investing?

The vast majority of our offerings are completely free for investors, as Eelamclub makes its money by charging fees to the company raising money. That being said, companies can opt to offset those costs by having investors pay a percentage in the form of a processing fee like credit card payment paypal,stripe. This fee will be charged to investors on top of the price of shares. Your total amount charged and shares will be stated clearly on the investment form as a 2.99% processing fee.

If you are paying via ACH transfer, there are no additional fees to investing. If you are paying via a wire transfer, there may be additional fees charged by your bank related to the transfer of funds. In the event that you make a wire transfer, please be sure to talk to your banking institution about the fees involved, so that you can pay any additional transfer fees needed.

Why do you require my social security number or government ID for some investments?

For investments over $2,000, we ask for your Social Security Number or government issued ID. We require SSN due to anti-money laundering (AML) regulations and background checks.

What happens if a company does not reach their funding goal?

If a company does not reach their minimum funding goal, all funds will be returned to the investors ATM A/C within 10 business days after the closing of their offering.

If a company has reached their maximum funding goal, can I still invest?

If a company has reached their maximum funding goal, you can submit an “indication of interest.” An indication of interest is similar to a reservation. It’s a non-binding commitment that allows you to be placed on a waitlist for any offerings that are oversubscribed, meaning they have raised more than their maximum funding goal. This is not an investment and does not guarantee a place in the offering.

If your indication of interest is accepted, you will be notified to sign your binding agreement. You will have only 24 hours to sign the approved indication of interest. If you do not sign the agreement within 24 hours of being notified, you will be bumped to the bottom of the waitlist.

Can I cancel my indication of interest?

You can cancel your indication of interest at any time up until 48 hours before the target deadline. If you cancel your indication of interest, you will lose your place on the waitlist.

When will I become an investor in this offering?

You will not become an investor in this offering unless your indication of interest is accepted and pushed off the waitlist, and you sign your binding subscription agreement via email, within 72 hours of notification. There is not a defined timeframe, as to when/if your indication of interest will be accepted. Eelamclub will only push investor’s through to the next phase if space becomes available in the round.

How can I pay for my investment?

On Eelamclub, you can invest in four ways: Individually; as a self-directed IRA; as a Trust, or as an entity like a corporation or Limited Liability Company. If you are interested in learning more about what a self -directed IRA is, or how to convert your IRA to a self -directed IRA.

We currently accept four forms of payment: Automated Clearing House (ACH), Credit Cards, and paypal,stripes. As is true with all payment methods, investments made by credit card are only charged if a company reaches its minimum funding goal. ACH is an electronic network for financial transactions in the United States. An ACH transfer may be completed on the Eelamclub website. In order to complete a wire, you need to bring the given wire instructions to your bank.cryptocurrency is only available for Regulation Crowdfunding campaigns. Please note: international investors can only pay through Credit Cards or Wire Transfer and paypal,stripes'.

Credit Cards ;Credit card investments are captured immediately after submission of the investment. Your credit card investment will be marked as “received” once the funds have been successfully received and credited to your investment (usually a few days after capture).

ACH (E-check) investments;Funds are only withdrawn from an investor’s account once a company has exceeded their minimum funding goal and escrow has been opened. Therefore, until this happens, the status of the investment will remain “not received.” Once the escrow account has been opened, the funds committed via ACH investments can take up to 3-4 business days for them to reach a company’s escrow account, and 10 days to clear once received.

If an ACH investment fails, you will be notified immediately with a link to update your payment information with a follow up email a few days later to confirm your payment information.

Wire Transfers

Wire transfers are completed outside of the Eelamclub platform, meaning you will need to contact your bank independently to execute the transfer. We send three separate emails reminding you to execute a wire transfer. The emails are sent: after 1 week, after 10 days, and a final email after 14 days. Each email includes a link to view the wire transfer instructions to execute the wire transfer. Until you contact your bank and wire the funds, the status of your investment will remain “not received.”

How do I pay with a credit card? It’s at the discretion of each company as to whether or not it accepts credit cards. You can always find out if a company accepts credit card payments by simply clicking “Invest Now” on a campaign and then clicking “Payment Method” to see if “Credit Card” is available.

Here are some important things to know about investing with a credit or debit card on Eelamclub:

Your card will be charged immediately following the submission of your investment. Companies can disburse funds during their campaigns, as well as at the end. Therefore, your card might be charged immediately,

but company may not “disburse” (close on your funds), until a few days after, or perhaps months after you invest. It all depends on when the company chooses to withdraw funds.

The name that will appear on your billing statement will read “STE*” followed by the first 12 characters of the Company’s name,

There are no additional transaction fees on investments. The amount that you invest will be the amount that appears on your credit or debit card.

You have up until 48 hours prior to a company’s disbursement of funds to cancel your investment. The company will notify you of that disbursement (or of the close of its campaign) beforehand, and you have 48 hours from the time of that notification to cancel your investment. Once funds have been withdrawn and your card has been charged, you cannot cancel your investment.

You can invest up to $10,000 per investment on a credit card. If you would like to invest more than $10,000 in one transaction, select “ACH Transfer” or “Wire Transfer” as your payment method.

How do I view my investment status?

To view your investment status follow these steps:

Once you are logged in, click my Account in the top right hand corner

Click “My Investments”

Click “View Current” and the status of your investment can be found next to the company you invested in

Or simply click here to go to your Investment Dashboard once logged in

What are the Different stages of your investment?

Incomplete – You have begun the investment process but have not completed all of the steps to finalize your investment. Make sure that you click the green “Submit” button after clicking “Invest Now” on the campaign home page. Once you have submitted your investment, you will receive a confirmation email immediately following submission. If you elected to pay by wire, instructions will be emailed to you.

Submitted – You have successfully submitted your investment, and it is currently pending. It could be pending because the offering has not yet reached their minimum funding goal, the funds have not yet left the escrow account, or are still undergoing the necessary checks. If there is any problem with your investment, you will be notified byssus

Cleared – eelam club has received your payment for your investment, and we have successfully verified all of the required investor checks. There is nothing else that you need to do at this time.

Invested – After the company has conducted a close on their offering, those investments that have cleared will be then moved to “Invested.” This means your funds have been disbursed to the company you have chosen to invest in, and you can no longer get a refund on your investment.

I submitted an investment, but how come no funds have been taken from my account?

If you have submitted an investment and funds have not yet been pulled from your account, there are a couple reasons that this might be the case:

The company has exceeded their maximum funding goal and is oversubscribed. Investments are accepted on a first come, first serve basis, and can take some time to resolve. Eelamclub will contact you directly with an update on your investment.

The company has not yet reached its minimum funding goal, or their escrow account is not open. Eelamclub only pulls funds from an investor’s account once the company has exceeded their minimum funding goal, and the escrow account has been opened. It normally takes less than 48 hours from when they reach their minimum funding goal.

If you have chosen to pay via wire and have not yet received an email with the instructions, the company has not yet reached their minimum funding goal, or the escrow account is not open. You will receive the appropriate wire transfer instructions as soon as the company has exceeded their minimum funding goal

and their escrow account has been opened.

What is the "Error with your investment" notification?

If you have received an email that says “Error with your investment,” then that means there is information that needs to be verified before the investment can be processed. The link in the email will redirect you to a Eelamclub page asking you to input some additional information. Once you submit the required information, the system will begin processing your investment. We will reach out to you directly if we require any further information.

When and how will I get confirmation on my investment?

Once the company closes on your funds, you will receive a confirmation email from the company with details about your investment, along with a copy of your subscription agreement with a record of your shares. Depending on when the company requests a disbursement (close on funds), this could be a few weeks, or months, after the original investment was submitted.

Your shares are owned as “book-entry,” which is how most stocks are issued today. It means that you do not get a physical stock certificate, and instead, shares are held via electronic record by the issuing company’s transfer agent. The benefit of electronic book-entry shares is that it minimizes the costs and problems of lost or missing certificates, which can be overwhelming for companies to manage.

How do I cancel my investment?

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be cancelled.For Regulation,eelamclub allows for a four-hour cancellation period.

Once the four window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.

In order to change your reservation amount, you will have to cancel your reservation and re-submit a new reservation. To cancel your reservation, please follow the steps below: