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Barclays US Makes Plans to Create More Than 300 New Customer Service Jobs in Delaware

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Banking group Barclays US announced on Monday plans to create more than 300 new customer service jobs in its Wilmington, Delaware headquarters.

According to Barclays US, The  Council on Development Finance (CDF) approved Barclays for Delaware Strategic Fund monies totaling nearly $2.5 million, including a Performance Grant of almost $1.3 million; a $1 million Training Grant; and a Capital Expenditures Grant of $207,000. The grants are performance-based and will be paid out over a period of three years after the company meets milestones prescribed by the CDF. Governor John Carney made a statement:

“The addition of more than 300 new jobs from Barclays is welcome news as we work to bolster our economy from the impact of COVID-19. Today’s announcement reaffirms that Delaware remains a great place for any company to put down roots, grow and create jobs. Delaware has a talented and dedicated workforce, an ideal location and quality of life that’s second to none. We stand ready to support businesses looking to grow and to provide good-paying jobs for Delawareans.”

Denny Nealon, President of Barclays US Consumer Bank, further commented:

“Coupled with the support we’re providing to nonprofit organizations in Delaware through our global $125 million COVID-19 Community Aid Package, our ongoing hiring efforts reflect Barclays’ long-standing commitment to the Wilmington community. We’d like to thank to State of Delaware and City of Wilmington for their continued support and partnership.”

New Castle County Executive, Matt Meyer, then added that the addition of 300 jobs at Barclays is great news for Wilmington and Delaware, and once again speaks to why New Castle County is a “great place to live, work and play.”

“We appreciate Barclays’ continued commitment to job creation and civic participation in New Castle County. New Castle County is committed to supporting Barclays and the growing local FinTech ecosystem.”

Source: https://www.crowdfundinsider.com/2020/06/163401-barclays-us-makes-plans-to-create-more-than-300-new-customer-service-jobs-in-delaware/

Crowdfunding

CROWDFUNDING FAVORITES! Featuring: GravGrip, Turtl Eco Sunglasses, ASMOKE Portable Applewood Pellet Grill & Many More!

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#1 Staff Favorite

GravGrip is a hydraulic camera stabilizer for your cell phone and action camera. It’s waterproof, battery-free, affordable, and ultra-compact! The balance correction system is adjusted using hand force. Some cameras have an offset center of Gravity (hint hint: GoPro), but with GravGrip you can easily level the horizon with a quick change in position. This system will NOT budge!


TURTL: Eco-Friendly Luxury Sunglasses

ENDS TODAY! BioShell frames fuse plant-based, biodegradable materials with unrivaled strength and striking color, so you won’t need to choose between style and sustainability ever again. They’re strong, durable, lightweight, and long-lasting.


ASMOKE – Portable Applewood Pellet Grill

FINAL HOURS! Prepare your palate for a unique and flavorful experience. ASMOKE is the first portable (and versatile!) applewood grill that uses 100% all-natural applewood pellets. By using only pure fruitwood, you’ll enjoy delectable, smoky-sweet flavors without the artificial taste.


Alpha™ Sheets 2.0: Pure Silver Bedding

FINAL HOURS! Alpha Sheets 2.0 are made with pure silver fibers and ultra-soft premium cotton to help your bed remain cleaner by fighting germs, bacteria, fungus, viruses, and other pathogens. Utilizing game-changing pure silver Micron™ Tech, Stain Repel, and Wrinkle Resist, Alpha has become the ultimate natural bedding to help promote a healthier lifestyle.


RYZE-UPS: The Modern Pull-Up Bar

ENDS TODAY! Personalize your pull-ups, and take them anywhere you go. Roughly the size of a book and weighing less than 2 lbs. each, Ryze-Ups travel light and fast. The Zip Clamp and release button allow for simple and fast adjustments, with a secure lock onto your door, so you don’t go anywhere but up.


AirThreds: Machine Washable Air Filter

As time goes on, particles collected by your air filter begin to reduce its airflow, creating more strain on your HVAC system. With AirThreds, this can easily be avoided by washing your filter regularly. Keeping the airflow smooth and the air you breathe clean. Save on replacement costs, reduce landfill waste, and lower carbon emissions.


The Hinoki Essential Knives

A bread, paring and Chef’s knife, designed and crafted to simplify every turn in your kitchen, uncompromisingly durable and exceedingly sharp. From the home of bladesmithing, Seki, Japan, they’ve married a 400-year tradition of craftsmanship to modern form, function, and aesthetic.


Sugar Heist | Ends Today!

Sugar Heist is a card game where players collect, trade, and steal candy cards. Dominate your opponents and strategically heist their sweets as you battle it out for the biggest stash of candy. Sugar Heist is quick to learn, family-friendly, and takes 45 to 60 minutes to play.


Origami Bottle

DiFOLD Origami Bottle is the most compact, stable, and elegant collapsible bottle AND it is also kickstarting a bigger Refuse Refold Revolution! It is the flagship product that comes out of our collapsible design technology and opens up a whole new foldable reusable world!


Mark Two: A Minimal & Durable Pocket Pen

The Mark Two has three important things. A minimal design, clean and simple. It’s durable, designed to be carried in your pocket daily. It’s very small and fits in your pocket, but when posted (in writing mode), a clever bit of engineering makes the pen a normal length.


Notoria – Tarot in Light

A unique Tarot deck printed on metal old premium cardstock inspired by the Ars Notoria, the fifth book of the Lemegeton – the Lesser Key of Salomon. This Tarot focuses on Angels and the forces of light, following an esoteric, alchemIcal, and psychological interpretation of the ancient lore.


Passport II Pro: 61W Adapter

It only takes 2 hours to fully charge a 13” MacBook Pro. Leave your laptop charger at home. With Passport II Pro and a USB-C to USB-C cable, you’re packing lighter and smarter than ever before. Plus, Passport II Pro has enough ports to charge up to five other devices.


W.E.T Whisky Decanter & Oak Sphere Packs

ENDING SOON! Bring some magic into your spirits game. Age your Whisk(e)ys with proprietary oak sphere packs, endowed with hints of oak, right in your decanter, or become an alchemist with various spirits to create brand new creations in Vodka, Rum, Tequila, and more.


Nabot AI: Programmable & Trainable Robot

Nabot is a remote control robot that has become programmable, smart, and autonomous. Nabot can be your playmate and a tool to explore the world of artificial intelligence and coding. You can teach it to detect and recognize objects and people. The robot’s strong arm and thumb-like claw enable it to grab and move objects effortlessly.


Covu Mask: Evolution of Air Filtration

The Covu Mask is a P100 Full Face Air Filtration Mask that filters 99.99% of airborne particles bigger than 0.1um, including pollen, pollution, allergens, and many other harmful molecules in the air! Unlike other face masks currently in the market, The Covu Mask creates a complete hermetic seal around your face, covering and protecting your eyes, nose, and mouth! It’s inside the frame is completely made of food-grade silicone, so it’s very comfortable, and you can use it for many hours!


BIGSOFTI: Portable Soft-Light

A soft light evens out skin tone and diffuses any hard shadows so bumps and creases disappear. Created by Australian film professionals and based on these lighting principles, BIGSOFTI is a mobile, high quality, bi-colour LED soft panel that delivers stunning diffused lighting for better photos, videos, and video calls on all your devices.


Sanikind: Eco-friendly Sanitizer Mist

The ultimate keychain-sized, sanitizing kit made from ocean-bound plastic. It’s time to protect your health and our ocean’s health too. Never forget your sanitizer again by clipping it to anything. Instantly sanitize everything you touch, even electronics. Plus, you get plastic-free refills that last over a month. No more plastic guilt when using hand sanitizer!


Source: https://www.backerkit.com/blog/crowdfunding-favorites-featuring-gravgrip-turtl-eco-sunglasses-asmoke-portable-applewood-pellet-grill-many-more/

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Insurtech Lemonade Prices IPO Higher than Expected, Shares Pop on First Day of Trading on NYSE, OurCrowd Books Another Win for Investors

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Lemonade (NYSE:LMND), a fast-growing Insurtech firm, completed its initial public offering (IPO) today on the New York Stock Exchange (NYSE). Earlier today it was reported that at the last minute Lemonade bumped up its planned offering price to $29 a share. Apparently, that was not quite enough as demand outstripped supply in early trading and shares opened at around $50 a share as the price rocketed higher.

At the IPO price of $29/share, Lemonade grossed $319 million (before commissions and expenses). The fact that investment management firm Baillie Gifford, based in Edinburgh, indicated its interest in purchasing around $100 million of equity in Lemonade probably helped boost overall share demand.

Daniel Schreiber, Lemonade CEO, told CNBC that early trades were not indicative of the story of the company but there is an opportunity to transform insurance – even while shares moved significantly higher:

“We will look at the price of our shares every couple of years and not every minute.”

Lemonade is a digital-first insurance platform that seeks to align the interests of customers with the business. The company was formed based on the fact that most people hate their insurance providers combined with the reality that insurance is a huge industry that is in dire need of digital disruption. Since platform launch, Lemonade has expanded its services to 28 different states in the US as well as Germany and the Netherlands in Europe. Lemonade is licensed in 41 states and expects to cover the entire country in the following months. Also on the road map is to provide insurance services in 31 different European countries.

As it stands today, Lemonade offers homeowners and renters insurance but the Insurtech is building a model that can be applied to various insurance verticals. Renters insurance starts at just $5 a month and homeowners insurance starts at just $25 month.

On its website, Lemonade highlights all of the big-name insurance companies that have seen their customers switch their business to their platform due to its focus on customer service.

Lemonade explains their approach:

“Traditional insurance companies make money by keeping the money they don’t pay out in claims. This means whenever they pay your claim, they lose profit. This is why getting your claims paid fast and in full is sometimes so hard. Lemonade was built differently. We take a fixed fee out of your monthly payments, pay reinsurance (and some unavoidable expenses), and use the rest for paying out claims. In essence, we treat premiums as if they were still your money and return unclaimed remainders in our annual ‘Giveback’.”

Insiders believe that, overall, insurance is incredibly ripe for disruption and the Lemonade team did it right by building a world-class platform while bringing in great people to transform insurance.

One of the early investors was global crowdfunding platform OurCrowd. While not the biggest investor in the company – a list that includes names like Sequoia and Softbank, OurCrowd provided an opportunity for smaller investors to get into the company at a far lower level thus helping to validate the investment crowdfunding platform’s mission.

Crowdfund Insider spoke with OurCrowd CEO and founder Jon Medved on the day of the IPO. He had this to say:

“We are delighted with today’s IPO for lemonade we are proud of their spectacular team and what they achieved so far and we look forward to very exciting additional chapters in this emerging story. This is yet another one of Ourcrowds IPOs which have proven that investors in next-generation platforms can get early and important access to quality deals just like institutional investors.”

Since its inception, OurCrowd has backed several companies that have IPOed like Beyond Meat, Uber, and Rewalk. So far, OurCrowd has booked over 35 exits for its platform investors.

At the time of writing, shares in Lemonade were trading at over $62/share thus more than doubling its IPO price.

Have a crowdfunding offering you’d like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Source: https://www.crowdfundinsider.com/2020/07/163556-insurtech-lemonade-prices-ipo-higher-than-expected-shares-pop-on-first-day-of-trading-on-nyse-ourcrowd-books-another-win-for-investors/

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Fintech Company Nth Round A Viable Option for Startups and SMEs During Covid-19

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Nth Round, founded in 2018 and based in Philadelphia, is a “comprehensive equity management platform for companies of all stages and sizes” and can enable startups and SMEs to “manage equity, engage shareholders, and facilitate liquidity in an all-in-one secure environment” according to its website.

No one can underestimate the financial strain Covid-19 has put on startups – especially where funding is concerned. However, the services offered by Nth Round’s are perhaps more important now than ever before. Having raised USD$4.3 million in seed funding initially, Nth Round is an invaluable lifeline for companies in need of accessing their liquidity.

Nth Round’s website stresses, “we envision a time in the near future when founders, family members, investors, and key employees will be free to buy or sell their shares at any time, without worry, hassle, or prohibitive fees.” Of the range of services offered, Nth Round can provide: employee incentives, ownership transference, stakeholder management and unlocking liquidity. Free resources are also offered to “educate fledgling enterprises” on how to expand.

In June 2020, Nth Round expanded their operations and partnered with Stockton Real Estate Advisors to provide investors with real-time, 24/7 access to their investment portfolio information. Chris McConnell, Founder of Nth Round and HBS alumni said, “our one-stop-shop platform will serve to assist the Stockton team in distributing in real-time, all relevant investment-related materials, while most importantly giving Stockton the opportunity to powerfully and uniquely showcase new prospective additions to the Stockton portfolio”.

What’s more, Sean Myers, Stockton’s Head of Acquisitions and Development, added, “Powered by Nth Round, our private, proprietary program enables our investors to access financial reports, K-1’s, tax information, and periodic operating updates about the properties in which they have invested”. The investment management process can surely enhance investor’s clarity, convenience and transparency.

Source: https://www.crowdfundinsider.com/2020/07/163543-fintech-company-nth-round-a-viable-option-for-startups-and-smes-during-covid-19/

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