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Do retail investors value environmental impact?

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Impact

Climate change is increasingly seen as a major societal problem. Addressing climate change and reducing greenhouse gas emissions will require substantial changes in the global economy, especially in the energy or transportation sector. These changes will require substantial investments in R&D for new technologies, such as renewable energy or low emission transportation, and in infrastructure, to replace or phase out the existing high emission technology. The capital market plays a central role in the financing of these new technologies, products, and services. If the financing is inefficient, or financing constraints prevent better technologies from being developed and socially desirable projects from being implemented, then the goal to limit climate change and reduce greenhouse gas emissions might not be attainable. Indeed, the conditions in capital markets directly
determine how costly addressing climate change will be. For these reasons, it is important to understand how investors evaluate investments in “green” projects that have a positive environmental impact, compared to conventional projects that have no or even a negative environmental impact. On the one hand, investments in new green technologies may be more risky or less profitable, as many new technologies and products fail. Thus, risk averse
investors might be hesitant to invest in such projects. On the other hand, investors might have a preference for doing something positive for the environment, effectively increasing their utility from investing in a green project, while also expecting a return on investment. Such preferences might make green projects more attractive than conventional projects, keeping all other factors such as expected returns, risk, and liquidity equal.

In their paper, researchers Christoph Siemroth, University of Essex, Department of Economics, and Lars Hornuf, University of Bremen, Faculty of Business Studies and Economics, study investors from a group of crowdfunding platforms that offers both green
investment projects and conventional investment projects. This allows them to investigate why investors choose green projects over conventional projects. The main question is whether investors invest because they believe green projects are more profitable in expectation, or whether they invest because they also have a preference to achieve a positive environmental impact.

They find that the majority of investors is willing to give up a higher return as long as the environmental or social impact is large enough. However, there is large variation among investors in just how much positive impact is needed to give up the higher return. Still, this is convincing evidence that investors have a preference for environmental impact and for social impact. Researchers further find that those with a stronger preference for environmental impact also invest a larger share of their funds in green projects, so the experimental measure explains field behavior. This suggests that investors view green projects as one way to satisfy their preference for environmental impact. Besides environmental impact, return expectations for green projects also play a significant
role in explaining green investments. Perhaps surprisingly, even though many investors also value social impact, those who do did not invest more in green projects, which suggests that it is environmental and not social impact that drives green investments. Overall, these findings can be taken as good news for environmental projects and technologies, as these investor preferences tend to increase demand for such investments. Whether this ultimately results in lower funding costs for green projects in large capital markets will depend on the actions of all investors, including institutional investors.

Overall, 65% of investors choose environmental impact at the expense of a higher return for sufficiently large impact, 14% choose impact independent of the magnitude of impact, while 21% choose the higher return independent of impact. Combining the experimental data with historical investments, researchers find that investors allocate a larger share of funds to green projects if they value environmental impact more, and if they expect green projects to be more profitable. These findings suggest that investors have a preference for positive environmental impact, and satisfy it by investing in green projects.

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Source: https://www.fintechnews.org/do-retail-investors-value-environmental-impact/

Crowdfunding

Credit Suisse backed SME Lending Fintech Tradeplus24 Finalizes $25M Raise led by European Family Office

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Credit Suisse-backed SME lending Fintech Tradeplus24 has finalized an “oversubscribed” $25 million pre-series B equity raise, which was led by a European family office with an established track record of investing in “high-growth” startups like Klarna, Delivery Hero, and Lyft.

Existing investors Credit Suisse, SIX Group, and Berliner Volksbank also took part in TradePlus24‘s latest investment round, which complements more than $200 million in total debt facilities secured across the group and which the group “plans to increase to $400 million by the end of 2021.”

As stated in a release:

“The capital injection will be used to fund rapid expansion of Tradeplus24’s Australian and European operations, including launching into the UK and the Netherlands later this year, and potential strategic acquisitions planned for later in 2021.”

Tradeplus24 was, at first, aiming for a $15 million equity round, however, significant investor confidence in its ability “to scale into multiple international markets and achieve rapid growth prompted the material increase to the round, which was also completed in just six weeks.”

The steady demand for Tradeplus24’s line of credit solution is “indicative of the global nature of the issue it solves,” according to the firm’s Australia MD, Adam Lane.

Lane remarked:

“There is nowhere in the world where the issues around efficient access to working capital for SMEs have been adequately addressed at scale. This is especially true when it comes to loan amounts ranging between $500k to $10 million. So the enormous demand for our unique tech-enabled line of credit solution is unsurprising – particularly as the world still comes to terms with the new business landscape created in the wake of the pandemic.”

Lane also mentioned:

“On top of our global roll out, we have already been investing heavily in growing our Australian team, which has doubled in the last 4 months, and in our technology, including creating bespoke solutions for priority segments. These solutions are focused on leveraging data to manage risk more effectively and make our customers’ lives easier.”

He added that it’s well-known that incumbents in the invoice finance sector “suffer from legacy systems, slow and manual processes, and an acute lack of innovation which forces their customers to waste countless hours on unnecessary and frustrating administration.”

He also noted that they’re focused on offering an alternative that provides “much-needed support to growing Aussie businesses, whose growth prospects will be massively amplified through greater access to capital via the simple and user-friendly solution Tradeplus24 provides.”

Will Farrant, MD at Credit Suisse Australia noted that after the group’s equity investment in Tradeplus24, the Credit Suisse debt capital markets team in Australia “have stayed close to the local Tradeplus24 team and we are optimistic in our ability to support them with a debt facility in the coming months as they continue to scale the business.”

The fresh funds have been announced after an oversubscribed Series A of $173 million in debt and equity, which was finalized back in 2019. Those funds supported Tradeplus24 through “significant growth,” the announcement noted while adding that the Australian business “trebled customer numbers in Q2 2021, spurred by an improving economy and positive customer response to products.”

Tradeplus24’s global team also “doubled in size” this year and is now expected “to continue to consistently grow as new markets open up and become accessible due to the funding.”

Tradeplus24 is “anticipating” opening a Series B next year, where it will look into admitting a strategic local Australian investor “to complement its heavyweight international backers,” the update revealed.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/07/178421-credit-suisse-backed-sme-lending-fintech-tradeplus24-finalizes-25m-raise-led-by-european-family-office/

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Crowdfunding

Global Fintech GoCardless Appoints Alexandra Chiaramonti as its GM for Southern Europe

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GoCardless, a global Fintech in account-to-account payments, has reportedly appointed Alexandra Chiaramonti as its GM of Southern Europe.

Chiaramonti will be responsible for leading GoCardless‘ ongoing growth in the region by continuing to recruit new talent in order to strengthen the firm’s presence in its existing French market — where it has managed to triple its client base since establishing its Paris office back in 2018 — as well as leading its expansion efforts within the region.

Chiaramonti has notably joined GoCardless after working as Chief Executive at GoBeep, a platform developed to support incremental in-store and online revenue for retail outlets. Before taking up this role, she served in key roles as Director of Global Sales Strategy at Criteo and MD  at Teemo. Her extensive experience in scaling and expanding companies globally should help with placing her in a key position to lead the firm’s growth efforts.

Chiaramonti remarked:

“I’m thrilled to join a rapidly growing company with an amazing team of talented people all focused on making a difference in the payments world. We have a top-notch product solving one of the biggest headaches for merchants: getting paid on time, in a fast and efficient way. Southern Europe represents a tremendous opportunity for GoCardless and I want us to seize it as soon as possible, becoming the go-to provider when businesses look for a best-in-class payment solution.”

Chiaramonti’s appointment has been announced at a time of broader company-wide expansion for GoCardless, which is focused on its Open Banking strategy.

By bringing together Open Banking payments with its international bank debit network, GoCardless believes it is in an ideal position to assist firms with collecting one-off and recurring payments via a single platform — providing merchants with a quick, dependable and more affordable alternative to cards by leveraging the power of account-to-account payments.

Even Walser, Chief Revenue Officer at GoCardless, remarked:

“We are opening up significant new market segments with open banking, including B2C subscriptions, which will further strengthen our growth in the region. Now is the time to bring in a leader who can help us scale the organization in this market and Alexandra is the perfect fit.”

Earlier this month, GoCardless teamed up with Pennylane, a financial management and accounting platform for firms and their accountants.

Through the partnership, the companies will provide SMEs and early-stage ventures with an easy and intuitive way to manage and collect recurring payments. The collaboration will involve combining Pennylane’s subscription management functionality, allowing companies to automate the issuance of recurring invoices and accounting, with GoCardless’ international bank debit network, enabling them to automatically debit clients when payments are due.

This means small businesses and other startups need not rely on inefficient manual processes, like having to maintain a log, to remind them when to send out invoices. This approach should ensure invoices are being sent in a timely manner, thus helping to remove barriers that tend to slow down the payment cycle. This new approach also removes the need to duplicate and update invoices.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/07/178428-global-fintech-gocardless-appoints-alexandra-chiaramonti-as-its-gm-for-southern-europe/

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Blockchain

The Future of Blockchain Gaming

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blockchain gaming

Blockchain is a fundamental aspect of the future of financial technology. The incorruptible ledger system is gaining attention beyond the realm of cryptocurrency discussions. Though fundamental for hosting a decentralized banking system, blockchain can also be used by developers looking to incorporate detailed public records.

Unsurprisingly, some of blockchain’s most lucrative and popular iterations involve gaming. Though typically associated with Bitcoin and Ethereum, blockchain is now the backbone of the NFT trade. One of its key applications is in creating digital assets and facilitating their trade and collection.

Reuters’ latest report on the first half of 2021 tallied the global NFT market worth to be $2.5 billion—that’s up from $13.7 million in the first half of 2020. Now that NFTs have entered the market, more companies are looking to expand blockchain gaming enterprises.

Already, blockchain has been used to track in-game items, such as weapons, skins, and experience points. That way, these assets can’t be hacked and altered. Currently, most of these assets only have value in the game but could one day be bought and sold in an external marketplace like an NFT.

Another realm set for a blockchain overhaul is online gaming. PR News Wire reports that the market will reach a worth of over $72 billion by the end of the year. With big money and a growing incentive based on public demand, blockchain looks likely to become a standard feature among online gambling promotions from various sites in the future.

In addition to interest from gamers, casinos themselves would benefit from blockchain. Gaming companies are required to provide detailed reports to local regulatory and financial authorities. An incorruptible ledger would simplify this process, while also adding extra safeguards related to sensitive information of users and companies alike.

Building on CryptoKitties Success

One of the biggest players in blockchain gaming is Dapper Labs. The NFT company has helped produce some of the most successful blockchain enterprises, including CryptoKitties and the NBA’s Top Shot NFT business.

Back in 2017, Dapper Labs was new to the scene. The premise of the online game is simple: users spend Ethereum to purchase NFT cartoon cats. Each cat is unique and can be bred with other characters to create new, unique cats.

What began as a cult hit amongst Ethereum holders transformed into solid proof that NFTs were the future of digital collectibles. One of the first major NFT sales came from CryptoKitties, when a user shelled out $170,000, leaving Dapper Labs to collect a small cut related to transaction fees.

In February of this year, Dapp Radar reports that CryptoKitties had raked in $1.2 million in transaction volume since the year began.

Credits: unsplash.com

Creating Organic Value from Blockchain

NFTs are sure to be a major player in the future of blockchain gaming. However, NFTs are largely collectible items; CryptoKitties require minimal attention from gamers—and not everyone found the experience of raising and breeding CryptoKitties to be enjoyable.

The value blockchain brings to gaming revolves around creating a micro-economy within the game itself. This economy is driven by player interest. In other words, the value of a skin or a weapon is based on demand from other users, not what game creators have assigned.

The future of blockchain gaming will rely heavily on this internal economy. However, the precise implications of these economies aren’t yet clear—will it provide more power amongst gamers to influence how and why the game is played? Will creators spend more time integrating collectibles into games, and at what point do they evolve from a standard NFT collectible?

For now, it’s likely video game developers will avoid blockchain. Not only are most studios conservative in approach, but recent concerns about blockchain’s environmental effects have stalled many groups’ interest in the technology.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.fintechnews.org/the-future-of-blockchain-gaming/

Continue Reading

Blockchain

The Future of Blockchain Gaming

Published

on

blockchain gaming

Blockchain is a fundamental aspect of the future of financial technology. The incorruptible ledger system is gaining attention beyond the realm of cryptocurrency discussions. Though fundamental for hosting a decentralized banking system, blockchain can also be used by developers looking to incorporate detailed public records.

Unsurprisingly, some of blockchain’s most lucrative and popular iterations involve gaming. Though typically associated with Bitcoin and Ethereum, blockchain is now the backbone of the NFT trade. One of its key applications is in creating digital assets and facilitating their trade and collection.

Reuters’ latest report on the first half of 2021 tallied the global NFT market worth to be $2.5 billion—that’s up from $13.7 million in the first half of 2020. Now that NFTs have entered the market, more companies are looking to expand blockchain gaming enterprises.

Already, blockchain has been used to track in-game items, such as weapons, skins, and experience points. That way, these assets can’t be hacked and altered. Currently, most of these assets only have value in the game but could one day be bought and sold in an external marketplace like an NFT.

Another realm set for a blockchain overhaul is online gaming. PR News Wire reports that the market will reach a worth of over $72 billion by the end of the year. With big money and a growing incentive based on public demand, blockchain looks likely to become a standard feature among online gambling promotions from various sites in the future.

In addition to interest from gamers, casinos themselves would benefit from blockchain. Gaming companies are required to provide detailed reports to local regulatory and financial authorities. An incorruptible ledger would simplify this process, while also adding extra safeguards related to sensitive information of users and companies alike.

Building on CryptoKitties Success

One of the biggest players in blockchain gaming is Dapper Labs. The NFT company has helped produce some of the most successful blockchain enterprises, including CryptoKitties and the NBA’s Top Shot NFT business.

Back in 2017, Dapper Labs was new to the scene. The premise of the online game is simple: users spend Ethereum to purchase NFT cartoon cats. Each cat is unique and can be bred with other characters to create new, unique cats.

What began as a cult hit amongst Ethereum holders transformed into solid proof that NFTs were the future of digital collectibles. One of the first major NFT sales came from CryptoKitties, when a user shelled out $170,000, leaving Dapper Labs to collect a small cut related to transaction fees.

In February of this year, Dapp Radar reports that CryptoKitties had raked in $1.2 million in transaction volume since the year began.

Credits: unsplash.com

Creating Organic Value from Blockchain

NFTs are sure to be a major player in the future of blockchain gaming. However, NFTs are largely collectible items; CryptoKitties require minimal attention from gamers—and not everyone found the experience of raising and breeding CryptoKitties to be enjoyable.

The value blockchain brings to gaming revolves around creating a micro-economy within the game itself. This economy is driven by player interest. In other words, the value of a skin or a weapon is based on demand from other users, not what game creators have assigned.

The future of blockchain gaming will rely heavily on this internal economy. However, the precise implications of these economies aren’t yet clear—will it provide more power amongst gamers to influence how and why the game is played? Will creators spend more time integrating collectibles into games, and at what point do they evolve from a standard NFT collectible?

For now, it’s likely video game developers will avoid blockchain. Not only are most studios conservative in approach, but recent concerns about blockchain’s environmental effects have stalled many groups’ interest in the technology.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.fintechnews.org/the-future-of-blockchain-gaming/

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