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Meatless Farm gives customers chance to put money where their mouth is

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Plant-based burger and sausage maker Meatless Farm is giving its customers the chance to put their money where their mouth is and invest in the fast-growing company, which hopes to follow in the footsteps of runaway “alt-food” successes such as Oatly.

The £5m crowdfunding programme is the first time the Yorkshire-based company has offered retail investors the chance to invest with a starting stake of just £10. It comes at a time when eating meat-free meals a couple of times a week is no longer niche, according to its founder, Morten Toft Bech.

“We are reaching a tipping point,” said Toft Bech. “We could reduce around 8% of the UK’s total emissions if we all ate just one less meat meal per week.”

The company says it is “not anti-meat or pro-vegan”, but aims to provide affordable and tasty meal alternatives in an effort to build a more sustainable global food system. Its products, made using pea protein, include mince, hotdogs and sausage rolls.

The loss-making company, which increased sales by 150% in 2020, anticipates revenue of up to £30m this year. This is lower than previous estimates due to the impact of lockdowns on its food service arm, which works with high street brands such as Pret, Leon and Itsu.

Investors are eager to cash in on booming sales of plant-based foods. Swedish alt-milk maker Oatly, which listed on the US stock market last month, is currently valued at $17bn (£12bn) after a near-70% increase in its share price. In the UK alone the meat-free and plant-based dairy categories have doubled in size over the past five years and are now worth just under £600m.

Meatless Farm, whose UK base is in Leeds, has previously pulled in cash from larger investors, raising £38m in the last three years from private and family offices. It continues to weigh up the merits of a stock exchange listing, but Toft Bech said there was no urgency to pursue one.

“We are talking to London Stock Exchange about what the future looks like,” he said. “There’s so many different financing possibilities for companies like ours at the moment because of our growth. We also talked to the to US exchanges. They’re very active in Europe and say they have access to more investors and growth.”

Toft Bech, who is confident that the fundraising on the Crowdcube platform will be oversubscribed, says the prize for alternative meat brands is 50 times bigger than for dairy, given the scale of a $1.2tn global meat market.

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“It’s so humongous that even with 1%, you are a huge company,” he says. “There’s a lot of money and power lying in meat, so the conversion will come – it’s just going take a bit longer before it’s really mass market, maybe similar to what we are seeing with electric cars.”

Meatless Farm will use the £5m for expansion and product development, and says “taste, texture and price parity with meat” are key to the success of its range. It needs the best crops and factories as well as chefs and nutritionists to develop plant-based pizza toppings, chicken and snacks.

The investments will take the form of a convertible note that will convert to shares at a discounted price during the next corporate equity funding round of up to £75m, which is pencilled in for the end of this year.

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Source: https://www.theguardian.com/business/2021/jun/14/meatless-farm-gives-customers-chance-to-put-money-where-their-mouth-is

Crowdfunding

Changing UK Cybercrime Patterns Outlined in PPC Shield Report

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British individuals and businesses have been scammed for £5.7m in losses from just under 15,000 reported cybercrime incidents so far in 2021, research from click fraud prevention firm PPC Shield reveals. Malicious hacking, fraudulent use of social media accounts and email scams are the top methods, accounting for 43 per cent of all reported activity. Malware/viruses, personal hacking and extortion are also common.

The under-40 crowd has reported the most incidents this year with 5,000, suggesting scammers and hackers are predominantly targeting those used to juggling multiple social media accounts, email addresses and banking apps.

While corporate cybercrime only accounts for 10 per cent of reported incidents, the £1.9 million in damages are one-third of the total figure.

The effects take a mental toll. According to ONS data from the Crime Survey for England and Wales (CSEW), 72 per cent of victims said they had been emotionally affected by their experiences, with almost one third indicating a moderate to severe impact –  mostly annoyance and anger. Ten per cent said they experienced anxiety, depression, fear and sleep disruption.

Four out of five offences (81 per cent) were committed by an individual (not an organization) that was unknown to the victim. According to Google, malware is being used less than at any point since 2007, but phishing websites have grown by 750 per cent. One in three folks who lost money learned through their financial institution.

When non-cyber assisted fraud is factored in, UK authorities have so far received 253,736 reports totalling £1.2 billion in losses this year. They have issued public warnings of phishing scams conducted over the course of the COVID-19 pandemic, with an increase in fraudulent text and calls to mobile phones, as individuals posing as bank employees, HMRC and even the NHS charging for fake COVID tests and track and trace.

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

Source: https://www.crowdfundinsider.com/2021/07/178444-changing-uk-cybercrime-patterns-outlined-in-ppc-shield-report/

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Crowdfunding

Changing UK Cybercrime Patterns Outlined in PPC Shield Report

Published

on

British individuals and businesses have been scammed for £5.7m in losses from just under 15,000 reported cybercrime incidents so far in 2021, research from click fraud prevention firm PPC Shield reveals. Malicious hacking, fraudulent use of social media accounts and email scams are the top methods, accounting for 43 per cent of all reported activity. Malware/viruses, personal hacking and extortion are also common.

The under-40 crowd has reported the most incidents this year with 5,000, suggesting scammers and hackers are predominantly targeting those used to juggling multiple social media accounts, email addresses and banking apps.

While corporate cybercrime only accounts for 10 per cent of reported incidents, the £1.9 million in damages are one-third of the total figure.

The effects take a mental toll. According to ONS data from the Crime Survey for England and Wales (CSEW), 72 per cent of victims said they had been emotionally affected by their experiences, with almost one third indicating a moderate to severe impact –  mostly annoyance and anger. Ten per cent said they experienced anxiety, depression, fear and sleep disruption.

Four out of five offences (81 per cent) were committed by an individual (not an organization) that was unknown to the victim. According to Google, malware is being used less than at any point since 2007, but phishing websites have grown by 750 per cent. One in three folks who lost money learned through their financial institution.

When non-cyber assisted fraud is factored in, UK authorities have so far received 253,736 reports totalling £1.2 billion in losses this year. They have issued public warnings of phishing scams conducted over the course of the COVID-19 pandemic, with an increase in fraudulent text and calls to mobile phones, as individuals posing as bank employees, HMRC and even the NHS charging for fake COVID tests and track and trace.

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

Source: https://www.crowdfundinsider.com/2021/07/178444-changing-uk-cybercrime-patterns-outlined-in-ppc-shield-report/

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Crowdfunding

Philippines based Paymaya, a Mobile Money and Payments Provider, Chooses Iliad Solutions as its Payments Testing Supplier

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Paymaya, the mobile money and payments provider based in the Philippines, has selected Iliad Solutions as its payments testing supplier.

Iliad Solution’s products and services, which are being used by major financial institutions throughout the world, have been developed to help with minimizing the risk when launching new payments tech, which also helps with lowering the costs that are involved in testing. These products also enhance the speed of deploying new systems.

Paymaya has licensed t3:Switch, Iliad Solution’s dynamic test platform, in order to assist in the testing of the interoperability of their services with international payment schemes.

The t3:Portal has been designed to orchestrate and simplify the process of payment testing and certification. Advanced controls may be applied to various projects at every level, with real time data being accessible through dashboard views.

Paymaya is now able to test out complex transactions with global schemes with greater efficiency – tests are fully automated and may run at up to 5000 transactions every second.

Anthony Walton, CEO at Iliad Solutions, stated:

“The Philippines is one of the most dynamic adopters of digital payments in Southeast Asia. It is moving away from cash payments at pace and using state-of-the-art technology and new digital channels to do so. Paymaya is a leader in this space and Iliad are very proud to be helping them remove friction from the complex process of getting new payments initiatives to market through simplified and automated testing.”

Southeast Asia is an important market for Iliad, given the area’s steady adoption of innovative approaches to making payments, which is increasingly being done via mobile apps.

Iliad Solutions’ management also noted that they’re looking forward to working cooperatlvely with Paymaya as it builds out its multi-channel product offering. It is Iliad’s second significant initiative this year in the Philippines and the firm’s management is pleased to bring their expertise and “perhaps more importantly learn, about this exciting market.”

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

Source: https://www.crowdfundinsider.com/2021/07/178429-philippines-based-paymaya-a-mobile-money-and-payments-provider-chooses-iliad-solutions-as-its-payments-testing-supplier/

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Crowdfunding

Philippines based Paymaya, a Mobile Money and Payments Provider, Chooses Iliad Solutions as its Payments Testing Supplier

Published

on

Paymaya, the mobile money and payments provider based in the Philippines, has selected Iliad Solutions as its payments testing supplier.

Iliad Solution’s products and services, which are being used by major financial institutions throughout the world, have been developed to help with minimizing the risk when launching new payments tech, which also helps with lowering the costs that are involved in testing. These products also enhance the speed of deploying new systems.

Paymaya has licensed t3:Switch, Iliad Solution’s dynamic test platform, in order to assist in the testing of the interoperability of their services with international payment schemes.

The t3:Portal has been designed to orchestrate and simplify the process of payment testing and certification. Advanced controls may be applied to various projects at every level, with real time data being accessible through dashboard views.

Paymaya is now able to test out complex transactions with global schemes with greater efficiency – tests are fully automated and may run at up to 5000 transactions every second.

Anthony Walton, CEO at Iliad Solutions, stated:

“The Philippines is one of the most dynamic adopters of digital payments in Southeast Asia. It is moving away from cash payments at pace and using state-of-the-art technology and new digital channels to do so. Paymaya is a leader in this space and Iliad are very proud to be helping them remove friction from the complex process of getting new payments initiatives to market through simplified and automated testing.”

Southeast Asia is an important market for Iliad, given the area’s steady adoption of innovative approaches to making payments, which is increasingly being done via mobile apps.

Iliad Solutions’ management also noted that they’re looking forward to working cooperatlvely with Paymaya as it builds out its multi-channel product offering. It is Iliad’s second significant initiative this year in the Philippines and the firm’s management is pleased to bring their expertise and “perhaps more importantly learn, about this exciting market.”

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

Source: https://www.crowdfundinsider.com/2021/07/178429-philippines-based-paymaya-a-mobile-money-and-payments-provider-chooses-iliad-solutions-as-its-payments-testing-supplier/

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