Many companies use hybrid debt instruments such as convertible notes, SAFE and shareholder loans, prior to creating standard shareholdings on a share register.
Using the 'Associates' tool, companies can create a user that only holds hybrid equity, or potentially no equity at all. Associates can log into the investor portal of Orchestra and see their positions, as well as other investor information.
How it works
You will be able to add a 'Convertibles and loans' via your left side menu, allowing you to grant access to new people who aren't shareholders or owners / service providers / administrators, or to allocate a convertible note, SAFE or shareholder loan to an existing shareholder.
The Associate name can be selected from your list of current shareholders or you can create a new associate.
You have a choice of Associate types: Convertible notes, Shareholder loan, SAFE, Potential investor or Other.
The Associate will be able to see their equity when they login to their investor portal on Orchestra.
This is an example of an Associate's view of a convertible note holding on their Dashboard:
Please note: Associates are counted as 'investors' for charging.