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Open bank Yapily to offer bulk payments for SMEs, to expand services in Germany soon

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London-based Yapily, a leading Open Banking infrastructure provider, has launched a new bulk payments service in the UK market. Yapily has started the service by going live with Comma, an SME payments platform in that country.  

 Yapily claims to have simplified the complex process of bulk payments – under Open Banking- for small and medium businesses in the UK. This service was only available to medium to large-scale companies with corporate banking accounts so far.

The new service provides customers such as Comma with the API connection to create a reliable, secure and scalable bulk payments feature for their accountancy, payroll, and bookkeeper clients. The service is likely to benefit several SMEs that rely on legacy and inefficient payment processes, which cause significant bottlenecks and challenges in the timely payment of staff, suppliers, and customers.

Stefano Vaccino, CEO of Yapily, in a statement, said:

“We’ve seen a real, increasing demand from our customers for bulk payments capabilities. We’ve been lucky to work with pioneering clients like Comma, who have supported us in stress-testing the functionality to deliver the most robust service possible. 

“…What might seem on the surface to be a simple implementation of the required endpoints has been a huge team effort and a big learning curve for us as an Open Banking infrastructure provider. We’re already working on rolling this out into Europe, and we’re excited to be working with Comma and other customers on developing even further.” 

Vaccino said that the bulk payment service would be rolled out to customers in Germany and other European markets in the coming months. 

With Yapily’s bulk payment offering, SME accountant and bookkeeper customers can create and share payment runs with their clients, who in turn can bulk pay bills, taxes, and salaries on their phone or desktop, in a few clicks from their bank account. It further enables accountants and bookkeepers to offer new payment services to clients and improve operational efficiency as SMEs look to rebuild post-pandemic. 

 Tom Beckenham, CEO, and Founder of Comma said:

 ..Paying anything manually is a tedious process and often affects the small business owner. Working closely and transparently with Yapily, we’re now able to provide our customers with a magical payments experience. It gives them the time back to focus on growing their businesses.

 Leveraging its direct and deep connections with many of the UK’s largest banks, Yapily is the first Open Banking infrastructure provider to test and release bulk payments functionality for seven financial institutions in the UK. Designed and built for Open Finance, Yapily claims to enable better and fairer financial products for everyone. The company has raised $18.4m in funding so far and provides infrastructure for industry leaders, including American Express, Intuit Quickbooks, Moneyfarm, and BUX. 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176406-open-bank-yapily-to-offer-bulk-payments-for-smes-to-expand-services-in-germany-soon/

Crowdfunding

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.

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

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Crowdfunding

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

Published

on

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.

Sign up to the daily Business Today email

“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.

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

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Crowdfunding

SEC Outlines Regulatory Agenda, Exempt Securities Top the List Including Reg D, Accredited Investor Definition

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The Securities and Exchange Commission (SEC) has outlined its regulatory agenda for the coming months and at the top of the list are exempt securities that include Reg D and perhaps other exemptions such as Reg CF and Reg A+. Of note, is that the accredited investor definition may receive a change as well.

In a statement published on Friday, SEC Chairman Gary Gensler stated:

“To meet our mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation, the SEC has a lot of regulatory work ahead of us. I look forward to collaborating with my fellow commissioners and the dedicated staff to propose and finalize rules that will strengthen our markets, increase transparency, and safeguard investors.”

The list includes both short and long-term regulatory actions that administrative agencies plan to take.

Exempt offerings will garner additional scrutiny. According to the abstract:

“The Division [of Corporate Finance] is considering recommending that the Commission seek public comment on ways to further update the Commission’s rules related to exempt offerings to more effectively promote investor protection, including updating the financial thresholds in the accredited investor definition, ensuring appropriate access to and enhancing the information available regarding Regulation D offerings, and amendments related to the integration framework for registered and exempt offerings.”

Reg D is the top securities exemption when it comes to early-stage ventures raising growth capital. The top two iterations are Reg D 506b and Reg D 506c – with the latter allowing for general solicitation or online capital formation (crowdfunding). Any changes made could impact access to capital for promising young firms as the exemption in its current iteration has been highly effective.

The definition of an accredited investor has long been criticized by many Fintech industry insiders as too restrictive, denying opportunity to all investors. Yet there are some policymakers that believe the current wealth metrics need to be made more stringent, thus limiting access to investors even more. It is not immediately clear, what exactly, the commission has in store for any change.

Another regulatory area of note is the topic of “Gamification” something some digital investment platforms, such as Robinhood, have received criticism and encouraging trading – perhaps to the detriment of investors.

The abstract states:

“The Division [of Trading and Markets] is considering recommending that the Commission seek public comment on potential rules related to gamification, behavioral prompts, predictive analytics, and differential marketing.”

Special Purpose Acquisition Companies (SPACs), or blank check firms, have made the list as well as this sector of finance has boomed in the past year. As SPACs have increased, both regulators and elected officials have focused more of their attention on the method of taking a private firm public.

The SEC says:

“The Division [of Corporate Finance] is considering recommending that the Commission propose rule amendments related to special purpose acquisition companies.”

While any outcome is pure speculation at this time, the progress made during the last administration in areas such as access to capital and improvements to the exempt securities ecosystem could be at risk. Time will tell.

SEC Commissioner Hester Peirce, an individual well known for her support of innovation and smaller firms, Tweeted that the list may not be her “ideal list” but she is ready to work with her peers on the Commission.

There is plenty more on the SEC regulatory agenda.

The list is below or may be accessed here.


  • SEC Prerule Stage Exempt Offerings 3235-AM85
  • SEC Prerule Stage Third Party Service Providers 3235-AM95
  • SEC Prerule Stage Prohibition Against Fraud, Manipulation, and Deception in Connection With Security-Based Swaps 3235-AK77
  • SEC Prerule Stage Gamification 3235-AN00
  • SEC Proposed Rule Stage Listing Standards for Recovery of Erroneously Awarded Compensation 3235-AK99
  • SEC Proposed Rule Stage Corporate Board Diversity 3235-AL91
  • SEC Proposed Rule Stage Disclosure of Payments by Resource Extraction Issuers 3235-AM06
  • SEC Proposed Rule Stage Mandated Electronic Filings 3235-AM15
  • SEC Proposed Rule Stage Rule 10b5-1 3235-AM86
  • SEC Proposed Rule Stage Climate Change Disclosure 3235-AM87
  • SEC Proposed Rule Stage Human Capital Management Disclosure 3235-AM88
  • SEC Proposed Rule Stage Cybersecurity Risk Governance 3235-AM89
  • SEC Proposed Rule Stage Special Purpose Acquisition Companies 3235-AM90
  • SEC Proposed Rule Stage Rule 14a-8 Amendments 3235-AM91
  • SEC Proposed Rule Stage Proxy Voting Advice 3235-AM92
  • SEC Proposed Rule Stage Disclosure Regarding Beneficial Ownership and Swaps 3235-AM93
  • SEC Proposed Rule Stage Share Repurchase Disclosure Modernization 3235-AM94
  • SEC Proposed Rule Stage Reporting of Proxy Votes on Executive Compensation and Other Matters 3235-AK67
  • SEC Proposed Rule Stage Amendments to the Custody Rules for Investment Advisers 3235-AM32
  • SEC Proposed Rule Stage Amendments to Rule 17a-7 Under the Investment Company Act 3235-AM69
  • SEC Proposed Rule Stage Amendments to Form PF 3235-AM75
  • SEC Proposed Rule Stage Money Market Fund Reforms 3235-AM80
  • SEC Proposed Rule Stage Rules Related to Investment Companies and Investment Advisers to Address Matters Relating to Environmental, Social and Governance Factors 3235-AM96
  • SEC Proposed Rule Stage Electronic Submission of Applications for Orders Under the Advisers Act, Confidential Treatment Requests for Filings on Form 13F, and ADV-NR 3235-AM97
  • SEC Proposed Rule Stage Open-End Fund Liquidity and Dilution Management 3235-AM98
  • SEC Proposed Rule Stage Registration and Regulation of Security-Based Swap Execution Facilities 3235-AK93
  • SEC Proposed Rule Stage Prohibition Against Conflicts of Interest Relating to Certain Securitizations 3235-AL04
  • SEC Proposed Rule Stage Incentive-Based Compensation Arrangements 3235-AL06
  • SEC Proposed Rule Stage Broker-Dealer Liquidity Stress Testing, Early Warning, and Account Transfer Requirements 3235-AL50
  • SEC Proposed Rule Stage Transfer Agents 3235-AL55
  • SEC Proposed Rule Stage Electronic Filing of Broker-Dealer Reports 3235-AL85
  • SEC Proposed Rule Stage Electronic Filing of Form 1 and Form 1 Amendments; Form 19b-4(e) 3235-AM09
  • SEC Proposed Rule Stage Short Sale Disclosure Reforms 3235-AM34
  • SEC Proposed Rule Stage Market Structure Modernization 3235-AM57
  • SEC Proposed Rule Stage Portfolio Margining of Uncleared Swaps and Non-Cleared Security Based Swaps 3235-AM64
  • SEC Proposed Rule Stage Records to be Preserved by Certain Exchange Members, Brokers and Dealers 3235-AM76
  • SEC Proposed Rule Stage Trading Prohibitions Under the Holding Foreign Companies Accountable Act and Enhanced Listing Standards 3235-AM81
  • SEC Proposed Rule Stage Loan or Borrowing of Securities 3235-AN01
  • SEC Proposed Rule Stage Amendments to the Securities Transaction Settlement Cycle 3235-AN02
  • SEC Proposed Rule Stage Amendments to the Commission’s Whistleblower Program Rules 3235-AN03
  • SEC Final Rule Stage Pay Versus Performance 3235-AL00
  • SEC Final Rule Stage Universal Proxy 3235-AL84
  • SEC Final Rule Stage Filing Fee Disclosure and Payment Methods Modernization 3235-AL96
  • SEC Final Rule Stage Rule 144 Holding Period and Form 144 Filings 3235-AM78
  • SEC Final Rule Stage Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and ETFs; Fee Information in Investment Company Ads 3235-AM52
  • SEC Final Rule Stage Exemption from the Definition of “Clearing Agency” for Certain Activities of Security-Based Swap Dealers and Security-Based Swap Execution Facilities 3235-AK74
  • SEC Final Rule Stage Establishing the Form and Manner With Which Security-Based Swap Data Repositories Must Make Security-Based Swap Data Available to the Commission 3235-AL72
  • SEC Final Rule Stage Regulation ATS for ATSs That Trade U.S. Government Securities 3235-AM45
  • SEC Final Rule Stage Amendments to NMS Plan for the Consolidated Audit Trail-Data Security 3235-AM62

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176549-sec-outlines-regulatory-agenda-exempt-securities-top-the-list-including-reg-d-accredited-investor-definition/

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Lithuanian Financing Platform Debitum Reports that Over €10M in Investments Now Made via its Auto-Invest Tool

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The team at Lithuania’s Debitum, which offers borderless SME financing services, notes that another month has passed and they would like to provide a platform update for May 2021.

Debitum’s management writes in a blog post that they’re pleased to report the positive sentiments in the market and are hoping their clients have been able to earn steady interest via their platform.

Debitum reveals that they have provided more than 30 million Euros worth of total investments via their platform and more than 10 million Euros worth of investments have been made by using their proprietary Auto-Invest tool. The Debitum community has now grown to nearly 7000 users, the company confirms.

During the month of May 2021, more than 200 investors reportedly joined the Debitum platform, increasing the total user base to over 6980 investors (and counting). This was “one of the highest increase in total number of investors over the last 12 months,” Debitum’s management claims.

But as previously reported, the activation rate of new users is “not as high as expected but Debitum team puts a lot of effort in the partnership with digital marketing specialists,” the company noted while adding that it’s working hard to attract more users.

Debitum further notes in its update:

“In terms of deposits…May was not the greatest month for Debitum platform. Even though our users were depositing quite well, the deposits were not converting well into investments. Quite a lot of investors decided to withdraw funds from the platform despite that they like investments on the platform.”

The company also mentioned that “the beginning of June has been showing that the negative effect of withdrawals will be felt in June, too.” Last month, Debitum managed to exceed 7.5 million EUR of deposits on the platform and “no one has ever lost [their] investment” on the platform, the company claims.

Debitum’s report continued:

“In May, Debitum provided the highest volume of investments since the beginning of the platform operations. We received assets from Evergreen Capital, Chain Finance, Triple Dragon, Flexidea, and Cube Funder. The total amount of provided investments climbed over 40 million EUR! As a result, our investors can choose from the highest number of investments throughout the whole history of Debitum.”

The Debitum team added that their platform investors will be able to invest in various opportunities that are “backed by a pool of loans or other collateral” which means that you can “diversify with ease.”

Last month, Debitum investors invested “a slightly higher amount of funds than in April,” the company revealed while adding that this increased the total amount of invested funds to more than 30 million EUR.

Debitum also noted that they’re pleased to see that “the overall investment facilitation rate stays above 75% but it went back to 66% in May and this shows that Debitum investors need to be more active on the platform.”

The company further noted:

“In May, Debitum investors invested in investments from 14 industries. Most of the investments went to the ITT, production, logistics, and construction sectors. Most of the assets in the logistics and production sectors were invoice financing loans that have high turnover. … most of the assets in the ITT sector were business loans with longer terms. Despite that, Debitum investors trust the loan originators who provide these loans and increase their investment in these companies.”

Debitum’s monthly report also mentioned:

“In May, similar to the overall invested volume on the platform, Debitum experienced a similar increase of automatic investments. 854,622 EUR were invested using the auto-invest tool. That is 50.27% of the total invested volume in May.”

The company claims that Debitum investors are “more willing to use the auto-invest tool as there are more and more different loans added on the platform.”

If an investor is looking to diversify their investment portfolio, the auto-invest tool is “one of the essentials, to begin with,” Debitum explains while noting that as more investments will be added to the platform, they are expecting to see “a positive trend” in June.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176571-lithuanian-financing-platform-debitum-reports-that-over-e10m-in-investments-now-made-via-its-auto-invest-tool/

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