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US Fintech Broadridge Partners with Amazon Web Services to Expand Private Market Hub, Leveraging DLT

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US-based Broadridge Financial Solutions (NYSE: BR), a tech solutions provider, revealed on Wednesday (June 9, 2021) that it has teamed up with Amazon Web Services (AWS) in order to expand its Private Market Hub platform.

The Private Market Hub will leverage distributed ledger technology (DLT) to streamline and connect the private equity sector and assets.

The new platform has added connectivity to industry applications and tools that will help with automating workflows between front-, middle- and back-office functions, offering a more consistent, secure, real-time view of the latest data.

Broadridge’s management noted that this will be their first deployment of blockchain tech for the private equity market.

The Private Market Hub will aim to bring together private equity ecosystem participants while lowering the friction for asset managers, investors and administrators. The DLT-based platform should also make it easier to perform audits.

The updated hub supports independent auditor access and helps with adding connectivity to various industry tools and technologies via its open API architecture.

Eric Bernstein, Broadridge’s President of Asset Management Solutions, stated:

“We are leveraging blockchain technology to drive further innovation, removing industry friction in workflows and delivering real savings in terms of cost and time, by offering seamless connectivity to critical applications and solutions that industry participants rely on. The trends around digitization and data and analytics are only growing, and digital assets mark the start of an exciting new era for the private markets industry and fund managers and investors alike, accentuating the need to access best-in-class products to address the evolving landscape.”

Saman Michael Far, VP, Financial Services Technology, Amazon Web Services, remarked:

“We are excited to support Broadridge’s Private Market Hub, which accelerates the digitization of a critical part of the financial services infrastructure. Private Market Hub’s use of Amazon Managed Blockchain, a fully managed blockchain service, allows us to help Broadridge scale efficiently and more effectively serve its customers.”

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Source: https://www.crowdfundinsider.com/2021/06/176426-us-fintech-broadridge-partners-with-amazon-web-services-to-expand-private-market-hub-leveraging-dlt/

Crowdfunding

Top 10 Fintech News Stories for the Week Ending July 24, 2021

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Another acquisition by Visa, another fintech SPAC starts trading and Square Banking highlight another busy news week in fintech. We also saw the release of a new bitcoin rewards card and bad news for one of the leading crypto lenders while across the pond Starling demonstrated that you can be profitable as a digital bank. Here are what I consider to be the top 10 most important fintech news stories of the past week.

Visa acquires Currencycloud, which makes APIs for remittances and currency transfers, in a $963M deal from TechCrunch – Visa announced their second big acquisition in Europe in as many months as the payments leader looks to ramp up its cross border remittances capability.

Fintech OppFi goes public as CEO looks to alleviate America’s emergency savings drought from CNBC – OppFi closed their SPAC transaction and started trading this week on the New York Stock Exchange as the year of going public continues for fintech.

Billionaire Jack Dorsey’s Square Launches A Small Business Checking Account from Forbes – Ron Shevlin gives us his take on the new Square checking account that was launched this week called Square Banking and while he is generally positive on the move, he thinks they may struggle to dominate small business banking.

The new Upgrade Bitcoin Rewards Card pays 1.5% back in bitcoin with no annual fee, and anyone can apply from Business Insider – There has been a lot of movement in bitcoin rewards cards this year but those that have been announced are only in limited release. Upgrade beats the rest of the industry to the punch with a card available to everyone, pitching it as an onramp to crypto.

BlockFi’s interest product draws scrutiny from Alabama, Texas regulators from The Block – It has been a bad week for BlockFi. It started with a cease and desist from the New Jersey attorney general and then Alabama and Texas jumped into the fray. The issue is that these states believe BlockFi’s core product, the interest account, is a security.

Starling Banks’s 2021 results see 600% jump in revenues and 8 months of profitability from AltFi – Starling Bank released results through March 31 and they continue to do well. They are the only digital bank in the UK that seems to have turned the corner on profitability.

i80 Group has quietly committed $1B in credit to the fintech and proptech worlds from TechCrunch – The debt capital space for startups continues to evolve with one of the largest players now being i80 having funded more than $1 billion funded now.

Blockchain start-ups raised a record $4.4 billion in the second quarter despite the slump in crypto prices from CNBC – More analysis from CB Insights shows it was a good funding quarter for blockchain focused startups.

India considering phased roll out of central bank digital currency from TechCrunch – The deputy governor of the Reserve Bank of India said this week that the country has studied the risks and will be moving forward with their plan to roll out their CBDC in phases.

How Tech Won the Pandemic and Now May Never Lose from The New York Times – Tech-centric companies from many industries, including fintech, have grown rapidly during the past 18 months, setting themselves up for a dominant future.


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Source: https://www.lendacademy.com/top-10-fintech-news-stories-for-the-week-ending-july-24-2021/

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Adventure Awaits with These 6 Travel Products

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Now that work is increasingly going remote, life is getting more vacation-friendly every day. From the mountains to the world’s great cities, we have put together a list of travel products that will take all of your trips to the next level.

Just a quick reminder that crowdfunding is not the same as your regular old online shopping. Not all campaigners can send you your goods immediately, but luckily you can use these travel products for a lifetime of adventure.

Whether you’re traveling around your city, or exploring one across the world, Origami is your tote, your backpack, and your carry-on. It has mesh pockets to take your bag from black hole to type-A organizational paradise, a roomy middle pocket for larger items, and even a secret compartment for your passport. You can easily fold it up and bring it in your suitcase, or slide it securely onto the handle so you’re not awkwardly dropping your computer on the airport floor. 

[Bonus: Check out our recent Day in the Life feature with the bag’s creator, Vanessa Jeswani)

Does your dog love going camping as much as you do? Then get a tent that’s built for Fido’s pleasure as much as your own. The Kings Peak Tent is a backpacking tent that’s specially made with space for your dog. It has a separate section in the tent for your dog that’s accessible through large indoor mesh wall . It also has a separate outside doggy door. You and your dog will both get a better night’s rest with your own spaces with the Kings Peak Tent.

It is always a good idea to bring a deck of cards on any trip. They come in handy while waiting for a delayed flight and can diffuse even the inevitable tense moments that occur after spending too long with the same people in a very small space. The Air Deck 3.0 is light and compact enough to put in your meticulously packed and weighed backpacking pack. And what’s more: they are washable and waterproof, making it a breeze to clean the worldly germs right off.

Regardless of where you’re going, you’re going to need a backpack. And I don’t mean your classic school bag with limp straps and a broken zipper. The makers of the ERA Backpack are not messing around. They have created a fully waterproof backpack that has special compartments designed to keep your camera safe, your clothes clean, and all of your devices charged. I know what you’re thinking: isn’t it going to be heavy with all of that stuff inside? The answer is no. The makers of ERA use their proprietary Distributor Harness to make your load feel light and cool all day long.

Trek to the desert? No problem. Off the grid by the mountains? You got it. Or maybe you just want a relaxing day at the beach with your family. With the Crua AER you can travel far and wide, with the only limitations being your snack supply. This tent lives on top of you car and sets up in a snap, and it regulates the temperature inside to keep you cool in the summer and warm in the winter. It lets you get out into the wild faster and more comfortably. 

While we’re talking about efficient packing, we can’t forget to mention HercLéon Kribi, the innovative underwear created with a unique antibacterial fiber. HercFiber is a blend of bamboo, eucalyptus, beechwood, and copper fiber, all working together for maximum softness, cleanliness, and freshness. No matter the humidity of your destination, HercLeon will keep you dry and odor-free all day long.

You’re probably planning a trip as you read this, so head over to our Travel Collection for more travel products to make your next adventure the best one yet.


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Source: https://go.indiegogo.com/blog/2021/07/travel-products-adventure-awaits.html

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Crowdfunding

Properly, a Canadian Tech-Enabled Real Estate Brokerage, Secures CAD 44M via Series B from Bain Capital Ventures, Others

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Properly, the Canadian technology-powered real estate brokerage, reveals that it has secured CAD 44 million through its Series B financing in order to support its national expansion across Canada’s $400 billion real estate market.

As noted by the company in a blog post, Bain Capital Ventures led Properly’s financing, and was joined by investors Intact Ventures, the venture unit Canada’s largest provider of property and casualty insurance, and FCT, the national service provider in real estate tech and title insurance.

Several prominent individuals also took part in Properly’s round, including Mike Katchen (co-founder and CEO of Wealthsimple), Spencer Rascoff (co-founder and former CEO of Zillow and Pacaso) through his firm 75 & Sunny, Eric Wu (co-founder and CEO of Opendoor), Lydia Jett (Softbank Vision Fund), and Jonathan Ehrlich (Partner at Foundation Capital and former head of marketing at Facebook).

Anshul Ruparell, co-founder and CEO of Properly, stated:

“We’re creating a future where Canadians can buy or sell a home with dramatically less friction and surprising simplicity. We’re bringing best-in-class tools and services to the market to support our customers from their initial home search through to closing a home sale. As a result, we’ve experienced exponential growth, but we’re just at the start of our journey. We’re excited to use this financing to bring better services to Canadians across the country.”

Merritt Hummer, Partner at Bain Capital Ventures. said that they have invested in several high-potential Proptech firms based in the US and their investment in Properly is their “first of this kind in Canada.”

Hummer added:

“The vision that Anshul and his team have to transform the home buying and selling experience and the unquestionable need for innovation in the Canadian real estate industry is what compelled us to invest in Properly. We are proud to lead their Series B financing to help accelerate their growth plans nationally.”

Properly is currently working to make real estate transactions “genuinely frictionless.” The firm also noted that the investments from Intact Ventures and FCT will serve to complement current partnerships with large Canadian banks “to enable Properly to provide a more seamless home buying experience for Canadians.”

Justin Smith-Lorenzetti, Investment Director at Intact Ventures added:

“We were impressed by Properly’s growth and the innovative tools and services the company has already brought to the real estate industry. The company’s vision to better serve the customer, especially in major real estate markets, is important. We’re looking forward to working with Anshul and his team and supporting Properly in enabling a more seamless home buying experience for Canadians.”

Michael LeBlanc, CEO at FCT, noted:

“Investing in Properly is consistent with FCT’s desire to support innovative companies with strategies to streamline real estate transactions. We look forward to supporting Properly’s vision to advance the real estate journey for Canadian homebuyers.”

To learn more about Properly’s current portfolio of proprietary tools and services along with other details, check here.

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Source: https://www.crowdfundinsider.com/2021/07/178219-properly-a-canadian-tech-enabled-real-estate-brokerage-secures-cad-44m-via-series-b-from-bain-capital-ventures-others/

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Wefunder Indicates Accelerating Number of Investments

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In a Tweet by Wefunder VP of Fundraising Jonny Price, the crowdfunding platform indicates it is experiencing accelerating investments on the platform. It appears that during the first 6 months of 2021, the number of investments has already topped all of the activity in the year prior.

Of course, 2019 was the year of COVID which impacted just about every single business. Additionally, in March of 2021 the funding cap of Reg CF, the securities exemption mainly utilized by Wefunder was increased from $1.07 million to $5 million.

According to the Wefunder website, the amount of investments topped $68 million during the first quarter of 2021 – about double of Q4 of 2020 and more than 6x the same quarter year prior.

Wefunder has a stated goal of raising at least $350 million in funding during 2021 – pretty ambitious. The increased funding under Reg CF, along with Reg A+ raises (funding cap of $75 million), should help accomplish this goal.

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Source: https://www.crowdfundinsider.com/2021/07/178249-wefunder-indicates-accelerating-number-of-investments/

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