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Crowdfunding

Funding from the crowd, VCs, or Angels

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CB-Insights funding

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019.

Funding is on everybody`s mind, especially for early-stage companies with no significant customer base. Will this time be different than in other market downturns?

Crowdfunding limits in the US are increased

The SEC increased the amount that companies can raise through crowdfunding. SEC is has proposing to increase the limit from $1million to $5million for accredited investors and to revise the calculation of investment limits for non-accredited investors (allowing them to allocate a greater percentage of their net worth). Of course, it will take time to be able to tell the impact. When will the appetite kick in at the current lower valuations.

Rosenblatt Securities research from last Fall, shows the expected impact on Fintech valuations at various stages affecting heavily the unicorns. For earlier stage startups the average expected impact is expected to be around 20% (1/3 of the unicorn impact).

Screen Shot 2020-05-18 at 10.47.22

B2B Fintech offerings, mostly Saas, are the ones that are getting traction from the new Fintech funds are raised now. Over 50% of investors claimed (before the crisis) that they would be opportunistic in their approach especially in sectors whose valuations were overblown.

New funds looking for great Fintech deals

New VC funds with an exclusive or partial Fintech focus are being raised as we speak but shyly of course.

FIS one of the leading financial vendor providers, is salivating on the opportunities that can be found in these market conditions and launched in late April a new $150million fintech fund. They already made their first investment in Flutterwave, the Nigerian payments fintech who raised $35mil Series B. FIS was familiar with Flutterwave as they had a business partnership established in January.

What is noteworthy is the interest in Nigeria and Africa in general. The SEC has also allowed Nigerian enterprises of all sizes that are more than 2yrs old to access the US crowdfunding portals.

FINTOP Capital closed its second Fintech FINTOP Fund II which was oversubscribed and raised $126 million. The first fund was raised in 2016 ($50million) and brags for two exits: DealCloud sold to Intapp in 2018 (both in the institutional Saas sector of capital markets), and Solovis (a cloud-based multi-asset class portfolio management, analytics and reporting technology platform, for institutional investors) which was sold to Nasdaq this March of this year. This second fund already has holdings in Trovata (automating cash mgt), Vouchr (mobile UX in payments), myDigitalOffice (digital back office hospitality solutions), FinMkt (consumer financing), Decusoft (Saas compensation mgt).

RTP Global announced a fund to invest into early-stage technology companies in FinTech and Software-as-a-Service (SaaS). The new fund is $650 million. Its previous fund was $200million (raised in 2017). See more here.

Angels slowdown and startup job marketplaces are one-sided

AngelList a platform that has innovated in the angel investing space through its syndicates and recently announced layoffs without sharing specific details.

It is already 10yrs old and has roughly $1.8 billion assets under management and several funds. Five years ago it also launched a job business with an app. Right now it lists over 130k tech jobs for 100k companies. Fintechs like Stripe and Affirm have been part of the AngelList job talent ecosystem. Of course, now it will be a one-sided market similar to the challenges faced in the lending market, where demand for loans far exceeds supply.

New readers can see 3 free articles before getting the Daily Fintech paywall. After that you will need to become a member for just US$143 a year (= $0.39 per day) and get all our fresh content and our archives and participate in our forum.

Source: https://dailyfintech.com/2020/05/19/funding-from-the-crowd-vcs-or-angels/

Crowdfunding

How to Kill Your Cable Internet Company

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Yesterday, Matt shared some extraordinary breakthroughs happening in the “space-tech” industry.

He also shared important research on an opportunity we’ve been tracking, as well as a specific investment recommendation.

But as he mentioned, there’s also a second space investment we have our eye on…

And not only could this investment help KILL your cable internet company (and save you thousands of dollars each year)…

But at the same time, it could also help you earn a massive 48,750% profit!

Sick of Slow & Expensive Internet?

You and I, along with 300 million+ other Americans, pay a fortune for some of the worst internet service in the world.

The internet in the U.S. is so slow, it doesn’t even rank in the Top 10 worldwide.

In fact, not a single U.S. state meets the requirements to be considered “broadband” internet!

Compare that to Iceland…

Iceland’s population is so sparse that its phone book lists residents by first name…

But when it comes to internet speed, it’s ranked 15 spots higher than the U.S.

Even Venezuela (a country where 8 out of 10 people don’t have enough money for food) provides mobile internet service that’s twice as fast as in the U.S.

You’re Being Ripped Off!

But it’s not just that our internet service is worse than that of third world countries…

To add insult to injury, we’re also forced to pay through the nose for it!

Historically, companies like Comcast and Verizon have gleefully raised the price of their services at FOUR TIMES the rate of inflation.

The average American now pays $132 a month for their ultra-slow internet and cable service.

And meanwhile, in South Korea — which has the best service in the world — customers pay just $28 a month for broadband that’s four times faster than ours!

This is highway robbery. And frankly, it sickens me.

Essentially, the oligarchy of Time Warner, Verizon, and Comcast has been granted a legal monopoly over this market — that’s why these villains have gotten away with it.

But now, everything is about to change…

The New Space Race

We recently identified a tiny company that has the potential to dismantle and crush the cable internet monopoly…

You see, this company’s tech could deliver lightning-fast internet to you, anywhere on earth…

And thanks to its breakthrough, you could potentially get it for just a few bucks a month!

The secret here is simple:

This company doesn’t need to run expensive copper and fiberoptic cables into your home…

Instead, its technology has the potential to “beam” internet to your computer or mobile phone — directly from space!

Bloomberg says this will be like “Internet delivered from the heavens.”

And as you’re about to learn…

Not only could this make your life much easier and save you a tremendous amount of money…

But it could also make you very rich…

Turn $100 into $48,750 With One Investment

That’s because this tiny private company is accepting investments from investors like you…

In fact, with as little as $100, you could claim your stake in this company right now.

But I have to warn you, you’ll need to act quickly…

This profit opportunity could disappear as soon as September 19th, 2020.

To learn more about this opportunity — including how to claim your stake in this company — simply click here now »

Best Regards,
Wayne Mulligan
Wayne Mulligan
Founder
Crowdability.com

Source: http://www.crowdability.com/article/how-to-kill-your-cable-internet-company

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Crowdfunding

Business Interruption Insurance Litigation

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Many businesses have been forced to close during the Covid-19 pandemic and have had significant lost business.

Casino Circus Circus in Las Vegas, being one, has turned to its insurer AIG Specialty Insurance Co. seeking payment from its business interruption coverage under its “all risks” policy.

Screen Shot 2020-07-09 at 8.29.02 AM

IG has denied liability forcing the casino to sue.

In its complaint, Circus alleges that its policy provides for up to $96,774,307 in coverage for loss of business income, for which it paid a $1.6 million premium.

It says its entitled to payment as the Corona Virus is a “Covered Cause of Loss” defined as “a peril or other type of loss, not otherwise excluded under this Policy.”

Apparently, the only exclusion that comes close to a definition of a pandemic is, according to Circus Circus, “pollution or contaminants.” Circus Circus claims that that exclusion is not applicable and is seeking payment up to the policy limits.

This case could be a turning point for other companies having the same or similar policies.

Keep your eye on it.

Click to access circus.pdf

Source: https://jeffkoeppel.wordpress.com/2020/07/09/business-interruption-insurance-litigation/

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Crowdfunding

New opportunity: Hinterview – 2020-07-09

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Funding data (09/07/2020)

Raised

GBP 340,782.20

Min. Target

GBP 400,000.00

Details

Country

United Kingdom GB

Type

EquityEIS

End date

07/08/2020 (-28 days)

investors

89

Description

“Hinterview is a video platform which enables professional recruiters to engage and communicate more effectively with their target audience. We believe ‘remote is the future of work’ – accelerated by COVID19 – driving a recent rise in interest for our technology. The capital we raise will be used to grow and further develop our sales & marketing functions, as the business scales both in Europe and Internationally.”

Source: https://www.findcrowdfunding.com/en/view/crowdcube/28655

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