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Category Archives: Fintech Services

3 Ways to Get People Talking About Your Business

Guest Post | Nov 25, 2021

Growing business by word of mouth 1 - 3 Ways to Get People Talking About Your Business

Attracting new customers and generating new forms of revenue should consistently be two of your top priorities. Performing these crucial tasks will not only help you to stabilize your profit turnover, but it will also aid you in your attempt to solidify your company’s authoritative reputation. 

If you’re to stand a chance at reaching and engaging fresh prospects, getting people talking about your business is highly advised. Fortunately, advice on how to achieve this critical feat can be found below. 

See:  Fintech Card Space is Growing: Brim Financial, Float, Caary Capital, Jeeves, Neo Financial

For advice on how to effectively spread the word about your company, read on.

Enhance your credibility

If you want to get people talking about your business for all the right reasons, enhancing your credibility is very much advised. This will show you to be a reliable service provider within your niche field. Subsequently, consumers will find it much easier to place their trust in you.

There are a number of different routes that you can take in this day and age to enhance your company’s credibility, one of the most effective being to take part in a blogger outreach program. This will entail you strategically communicating with your consumers and, in turn, forging deeper relationships with them via your own blog platform. As a result of succeeding with your blogger outreach venture, you will be sure to enhance your authority and meet modern Google ranking criteria.

Don’t want to leave any stones unturned when it comes to blogger outreach? If not, you should consider enlisting the assistance of Click Intelligence. This leading digital marketing agency will help you generate unique articles of the highest possible quality, and they will provide you a fully scalable outreach solution.

Request testimonials

When utilized correctly, satisfied customers could very well play a major role in your attempt to get people talking about your business. Once your past clients begin to sing your praises to their friends, family members, and co-workers, more and more people will be made aware of your organization and the quality service that you provide.

In order to tap into this form of word-of-mouth marketing, you’re going to need to request testimonials. Advice on how to attain this type of endorsement can be found here.

Do an amazing job

No matter which pieces of the above advice you choose to heed, all of your efforts will go to waste if you fail to do an amazing job day in, day out. Above all else, you need to provide your consumers with a quality level of service. This will give them a reason to return to your company time and time again in the future, which in turn will help you to set up your own customer loyalty initiative.

Are you determined to market your company in a highly effective and diligent fashion? If so, getting people talking about your business is critical. This will drum up a distinct sense of interest in the services that you provide and ultimately help you to appeal to a much wider audience base going forward.

 


NCFA Jan 2018 resize - 3 Ways to Get People Talking About Your Business The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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The bright new age of VC is booming—and is itself being disrupted

The Economist | Nov 22, 2021

Venture capital - The bright new age of VC is booming—and is itself being disruptedThe market capitalisation of venture-capital-backed firms that went public last year amounted to a record $200bn; it is on course to reach $500bn in 2021.  With their pockets full, investors are now looking to bet on a new generation of firms. Global venture investment—which ranges from early “seed” funding for target firms that have not yet developed a product to funding for more established startups—is on track to hit an all-time high of $580bn this year, according to PitchBook, a data provider. That is nearly 50% more than was invested in 2020, and about 20 times that in 2002 (see chart).

The type of investor piling into venture activity has changed just as dramatically. It was once the preserve of niche venture-capital firms run in Silicon Valley. These raised funds from and invested on behalf of pension funds and other end-investors, often relying on vast networks of connections with founders. So far this year, however, only three of the ten biggest venture investors by assets under management have been traditional VC firms.

See:  How to Revolutionize the Private Capital Markets

Instead, deals led or solely struck by private-equity shops, hedge funds and others that used to conduct little venture activity are on track to nearly double from $144bn in 2020 to $260bn this year. That accounts for a staggering 44% of global VC activity, up from 20% in 2002. “Crossover” funds like Tiger Global Management, which straddle public and private markets, are deploying capital at a breakneck pace. Behemoth pension funds are increasingly directly investing in startups.

The flood of money from deep-pocketed investors has helped swell valuations. But it is also flowing to once-neglected corners and new opportunities. Venture activity now extends well beyond Silicon Valley and America more broadly, and is financing enterprises working on everything from blockchains to biotech.

The wave of capital is also transforming how VC works. VC firms are adopting new strategies as they seek to differentiate themselves in some respects, and to mimic their Wall Street competitors in others. That comes with both benefits and drawbacks for the business of innovation.

See:  Why is venture capital still ignoring women? The case for investing is clear.

End-investors who previously avoided VC are now getting involved. In addition to alluring returns, picking out the best-performing funds may be easier for VC than for other types of investment: good venture performance tends to be more persistent, according to a paper in the Journal of Financial Economics published last year.

The rush of capital has pushed up company valuations. Seed-stage valuations today are close to where series A valuations (of companies that are typically already generating revenue) were a decade ago. The average seed valuation for an American startup in 2021 is $3.3m, more than five times the level in 2010.

The line between VC and other investors is also blurring further, and not just because Wall Street is encroaching onto Sand Hill Road. Big VC firms are becoming more like other asset managers. Sequoia is expanding its presence in public markets. In October it said that its American and European venture funds will sit within a larger, timeless fund. When portfolio firms go public, their shares will flow to the superfund instead of to end-investors.

See:  Tiger vs. SoftBank: Inside the investing playbooks that upended Silicon Valley

The time taken to strike a deal has shrunk from several weeks to days, if not hours. Zoom has changed the nature of fundraising.

Continue to the full article --> here

 


NCFA Jan 2018 resize - The bright new age of VC is booming—and is itself being disrupted The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Crowdcube raises £10 million from crypto giant Circle and eyes European expansion

Evening Standard | Oscar Williams-Grut | Nov 23, 2021

Crowdcube Darren Westlake - Crowdcube raises £10 million from crypto giant Circle and eyes European expansionBritain’s biggest crowdfunding platform Crowdcube is eyeing major expansion to Europe and could one day put company stock on the blockchain after raising £10 million from a US cryptocurrency business.

US business Circle is backing the crowdfunding platform, which has helped the likes of BrewDog, Revolut and Mindful Chef raise money from small time investors. Existing investors Balderton and Molten also took part in the funding round.

Circle owns SeedInvest, a similar startup funding platform in the US. Crowdcube boss Darren Westlake told the Standard the investment extended a partnership between his business and SeedInvest. The pair have in the past partnered up to offer dual listings for startups looking to raise cash in both the UK and US.

“We’ve known SeedInvest for a longtime,” Westlake said.

See:  Crowdcube partners with Seccl to shake up IPO market

The investment from Circle follows the collapse of merger talks with rival UK platform Seeders earlier this year. The deal was blocked by the competition watchdog, a decision that raised questions about the future of both businesses.

Westlake said Crowdcube had done “incredibly well” since then and became operationally profitable earlier this year. He decided to raise money to fund expansion to Europe after a rule change meant companies could raise up to €13 million from retail investors in Europe.

Crowdcube “spoke to all the usual suspects” about investment before being approached by Circle.

While Circle operates SeedInvest, it is best known for cryptocurrency. Founded in 2013, the Goldman Sachs-backed startup originally worked on crypto payment products but has found success with a ‘stablecoin’ -- a cryptocurrency pegged to the dollar. Its USDC stablecoin has a circulation of $33 billion

Continue to the full article --> here


NCFA Jan 2018 resize - Crowdcube raises £10 million from crypto giant Circle and eyes European expansion The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Fee Dispute: Amazon to stop accepting Visa cards in the UK

Global News |

Amazon.comVisa clashes with Amazon over fees - Fee Dispute:  Amazon to stop accepting Visa cards in the UK Inc’s latest spat with Visa shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it’s not a crisis for the payment company.70c8fc80 - Fee Dispute:  Amazon to stop accepting Visa cards in the UK

Amazon said last week that it would stop accepting Visa credit cards issued in the United Kingdom from Jan. 19, 2022, saying that despite technology advancements the fees on such transactions remained high or in some cases were rising.

While Amazon may yet back down on the UK front, where the company accounts for less than one per cent of Visa’s credit card volume, according to an estimate by Piper Sandler analysts, the dispute is a bad sign for the card industry. Some analysts said it could presage a fight in the much bigger U.S. market.

See:  The dream of a low-friction financial system is just the beginning

“Amazon is treating this dispute with Visa as an experiment,” said Piper Sandler analyst Christopher Donat. “Our biggest concern is that Amazon seeks concessions from Visa in other geographies.”

Visa Chief Financial Officer Vasant Prabhu told Reuters in an interview on Friday that he expected a resolution. “We’ve resolved these things in the past and I believe we’ll resolve them in the future,” he said. Amazon declined to comment.

Credit cards dominated a third of North American e-commerce spending in 2020, according to payments giant WorldPay, but mobile payment options like Venmo and ‘buy now, pay later’ (BNPL) financing plans are chipping away at their market share.

While alternative payments have been growing for years, the pandemic accelerated a downward trend in credit card applications boosting the popularity of BNPL financing, especially among younger consumers.

See:  Ontarians will be able to use their digital ID cards to open bank accounts, apply for government programs, access vaccination records and more

Credit cards’ share of North American e-commerce spending declined seven per cent last year, according to WorldPay, while BNPL’s share increased 78 per cent, making it the fastest-growing form of payment.

In August, Amazon partnered with BNPL provider Affirm to offer installment financing option on U.S. Amazon purchases.

Continue to the full article --> here


NCFA Jan 2018 resize - Fee Dispute:  Amazon to stop accepting Visa cards in the UK The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Tether launches Synonym to boost Bitcoin adoption through Lightning Network

Cointelegraph | Sam Bourgi  | Nov 16, 2021

tether launches synonym - Tether launches Synonym to boost Bitcoin adoption through Lightning NetworkThe new venture is pursuing hyperbitcoinization by combining the Lightning Network’s speed with the architecture of an open peer-to-peer platform.

Synonym Software Ltd., a company founded by stablecoin issuer Tether Holdings Limited, officially launched on Tuesday, setting in motion a highly ambitious project to bring Bitcoin (BTC) transactions mainstream through an independent financial platform that utilizes the Lightning Network.

Synonym’s stated goal is to enable self-ownership and control of crypto assets by creating an open financial ecosystem that utilizes Bitcoin and the Lightning Network, the company announced Tuesday. CEO John Carvalho said

See:  Tether banned on Canada’s first 2 licensed digital currency exchanges

“Hyperbitcoinization won’t magically happen on its own. In order to live in a world without big banks, oppressive regulations, or Big Tech presiding over our lives, we need a strategy and ecosystem to replace the legacy economy. That is where Synonym comes in.”

The first protocol to be launched by Synonym is called Slashtags, an interoperability framework for private networks that doesn’t rely on blockchain technology and can be used by any platform for coordination, privacy and consensus.

The Bitcoin network recently completed its highly anticipated Taproot upgrade, which targets improved transaction efficiency, privacy and smart-contract functionality. Taproot marks the first major upgrade to the Bitcoin network since Segregated Witness, also known as SegWit, all the way back in 2018. SegWit eventually culminated in the launch of the Lightning Network, Bitcoin’s second-layer scaling solution.

See:  CFTC fines Tether US$41M for misleading claims about currency backing

Scalability has been cited as one of the biggest barriers preventing the mass adoption of Bitcoin as a transactional currency. The Lightning Network aims to solve the scalability issue by enabling off-chain transactions. The number of Lightning Network nodes, which open payment channels with each other, has increased by 128% over the past 12 months, according to industry sources.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Tether launches Synonym to boost Bitcoin adoption through Lightning Network The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Ontarians will be able to use their digital ID cards to open bank accounts, apply for government programs, access vaccination records and more

The Toronto Star | | Nov 18, 2021

Ontario digtial ID - Ontarians will be able to use their digital ID cards to open bank accounts, apply for government programs, access vaccination records and more

The program, now delayed until 2022, will give Ontarians access to an electronic version of their government ID — including driver’s licences and health cards — that can be stored on their mobile devices.

The province says physical IDs will still be issued and accepted but Ontarians will also be able to use digital cards on a voluntary basis to open bank accounts, pick up packages at the post office, apply for government assistance, access vaccination records and more.

The digital ID program was announced in October 2020 as part of a broader strategy to improve Ontarians’ access to government services during the COVID-19 pandemic, including Verify Ontario, the proof-of-vaccination app the province launched earlier this year.

See:  Digital Identity Sins

Since the announcement, the province has held a series of roundtable consultations with businesses and think tanks to discuss and develop program standards. But the digital ID took a back seat to the development of Verify Ontario, delaying the program’s release to 2022.

The province, which is partnering with the private sector to develop the technology, says the ID program will not rely on a central database or tracking measures that could breach the privacy and security of personal information.

The identification data is supposed to be protected with strong encryption software and the ability to disconnect the ID card if the device is ever lost or stolen.

While digitization can consolidate key government documents for personal convenience, experts warn it can also present new-found security hazards and equity concerns.

Ann Cavoukian, a digital privacy expert who formerly served as Ontario’s information and privacy commissioner, says the province will need to ensure the digital ID program does not rely on a centralized data system.

“The concern around a central database is that it can be subject to hacking, phishing and all kinds of unauthorized access if it’s not well protected,” Cavoukian said.

Ontarians’ physical identification card data is presently dispersed among ministries, from health to transportation. If that data is consolidated, Cavoukian says more personal information is at risk in the event of a security breach.

See: 

Liquid Avatar Technologies Supports Ontario’s Approach to Technology and Standards for Digital Identity

Digital Identity Should Be A Big Business For Banks

According to provincial statistics, as many as 700,000 households and businesses still lack access to adequate broadband speeds or have no access at all. Ontarians in rural areas, particularly in Northern Ontario, are less likely to have substantive internet access.

In a survey of Ontarians, only 17 per cent said they were ready to adopt a digital ID card immediately. Nearly 80 per cent said they would opt into the program over the next five to six years.

Continue to the full article --> here


NCFA Jan 2018 resize - Ontarians will be able to use their digital ID cards to open bank accounts, apply for government programs, access vaccination records and more The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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In less than 10 minutes I bought a half-kilowatt of solar energy

CNET | Andrew Blok | Nov 17, 2021

consumers purchase solar energy - In less than 10 minutes I bought a half-kilowatt of solar energyLike me, you might be able to buy solar energy from your utility.

Solar panels are out of financial reach for a lot of people. Solar energy, however, is more accessible. So, after writing about how relatively easy it is to claim renewable energy for your own personal use, I set out to get some solar power for myself.

It took about 10 minutes and cost me $9, and it's likely just as easy for you.

Utilities often offer green power pricing programs in which their customers can pay a bit of a premium to buy renewable energy. It's a relatively simple way to satisfy your desire to use renewable energy. At least 1 million utility customers bought renewable energy this way in 2020. Not all renewable energy is created the same, though, and it's worth a bit of digging to make sure your purchase is making a difference.

See:  El Salvador taps renewable energy from volcanoes to start mining bitcoin

To be fair, I did my digging after the fact.

Buying solar power was quick and easy

I live in Grand Rapids, Michigan, and my electric provider is Consumers Energy. I knew it had renewable energy programs and, from my recent reporting, had a pretty good idea of how they were likely to work. So I headed to its website.

It took me four clicks to get to a subscription form for a program called Solar Gardens. Solar Gardens allows customers like me to subscribe to solar panels that Consumers Energy has built in Michigan.

For an extra (yes, extra) $9 each month on my bill, I could subscribe to half of a kilowatt of solar production. I would get a credit of about $4 back for the energy my portion of the array produced -- and for the satisfaction of using solar energy.

Consumers Energy would also retire the renewable energy certificates on my behalf, which means I rightly get to say I used that energy. (I double-checked this with Consumers. The utility said that I get to claim the environmental benefits of the solar energy I'm paying for and that this energy doesn't cover its own renewable energy obligations under Michigan law.)

See:  How Decentralized Technologies are Transforming Platform Economics

Solar production varies based on how much the sun shines. I bought a half-kilowatt block, which Consumers Energy told me is expected, on average, to generate about 750 kilowatt hours a year.

Consumers Energy says the average household would need 10 or 12 of the blocks to offset their annual energy cost. I use a lot less energy than the average household. Over the past 12 months, I used 4,376 kilowatt hours, so I would only need to buy six blocks to completely offset my energy use.

Next, I entered contact information and my service address. I certified that I was the account holder and that I had read the terms and conditions. (Truth: I had not.)

And that was it. I had bought some solar energy.

Continue to the full article --> here


NCFA Jan 2018 resize - In less than 10 minutes I bought a half-kilowatt of solar energy The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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