Category Archives: Online Funding Campaigns

KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token Offering

KABN Network | David Lucatch | Dec 9, 2019

Clipboard04 - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token OfferingCrowdfunding Offering supported by UK Based Tokenise and KABN Equity Token created using Polymath Token Studio

Gibraltar--(Newsfile Corp. - December 9, 2019) - KABN (Gibraltar) PLC ("KABN" or the "Company") is pleased to announce that it has created its KABN Equity Token using the Polymath Token Studio and will make its Equity Token available for sale through a public Equity Crowdfunding sale via UK based Tokenise, which is fully compliant with the UK FCA regulatory framework. The Company's Token Offering information site can be found at www.kabntoken.com.

Unlike a network or utility token, each KABN Equity Token will represent a KABN (Gibraltar) PLC Preference Share as equity or ownership in the Company.

After spending well over 2 years to develop, test and launch its active business platform, KABN believes that ownership of identity is a basic human right and that individuals should be the primary beneficiary of any use of that identity data. To that end, KABN has developed a continuous, Always On, verified identity solution for commercial clients and consumers that allows individuals to manage both their private and public data, restricting the sharing and use of that data while benefiting the user. KABN also has a platform that will help users maximize value of their data through qualified offers from 3rd parties, including KABN's Financial Services program KABN KASH and its Pegasus Flyte digital currency linked VISA card program.

See:  Polymath and KABN Announce Consortium to Accelerate the Creation, Distribution, and Management of Digital Securities Across Multiple Jurisdictions and Platforms

The KABN Equity Token is a new generation of Security Token Offerings created with the Polymath Token Studio, allowing qualified private and public investors to purchase KABN Preference Shares, or Equity in the Company, represented by tokens on the Ethereum Blockchain. The KABN token can be viewed by visiting:

https://etherscan.io/token/0xa3B13D8071A633434B01f4C908C3Fe3874Fbbcf8#readContract

KABN has designed its Equity Token Offering to be a true investment in the Company, allowing Preference Share and Token Holders to participate in the potential growth and long-term value appreciation of the Company. KABN Preference Share / Equity Token Holders will receive first priority of dividend distribution and in the event that KABN has a liquidity event, all KABN Equity Token holders will be included in the event, allowing KABN Equity Tokens holders to truly benefit in the Enterprise, or overall value of the Company.

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NCFA Jan 2018 resize - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token Offering 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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What to expect from social fundraising world in 2020

FundRazr | Mira Soullen | Dec 16, 2019

FundRazr holiday greetings and social fundraising 2020 - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token OfferingFundRazr is a free enterprise-class crowdfunding platform and the secret sauce behind 160,000 fundraising campaigns in 40+ countries. FundRazr is laser-focused on eliminating the guesswork of raising money online making it effortless and effective. 

What to Expect from the Social Fundraising World in 2020

Things are constantly changing in the world of social fundraising, also called “crowdfunding”, but it’s safe to say that 2019 was an especially interesting year. As some more traditional fundraising methods lost relevance, we helped many organizations try out crowdfunding and social media fundraising for the first time, embracing emotive, personalized storytelling and its wide-ranging impacts.

As a result, FundRazr’s community of nonprofits grew their social fundraising confidence and worked to engage Millennials and Gen Z with their causes, inviting them into giving and finding new longterm donors and advocates.

Wow. A year of change, for sure - but now, it’s almost over! What developments can we expect to see in the social fundraising world as we move into 2020?

See:  Social equity must be central to urban tech innovations

Businesses and Charities Will Find Better Ways to Collaborate

Commerce and charity working together is nothing new, but it’s a trend that will continue to strengthen. For many nonprofits, finding new longterm sponsors is uncharted territory, and many staffers may feel that it’s out of their wheelhouse. However, developing mutually beneficial sponsor relationships and marketing partnerships are critical goals to work towards. Once you find a business that’s the right fit, they won’t just provide monetary support - they’ll become passionate advocates for your cause!

Furthermore, an economic recession is a very real possibility for 2020 that must be taken into account. By working together, charities and for-profit businesses can mitigate the revenue shortfalls that are part of an economic downturn. This can be a mutually beneficial relationship - consumers may be more likely to spend money at a business where their dollar is doing something good, and people who would not have otherwise donated might be more likely to if they do it together with a sponsor: for example, you can offer Perks of your sponsor’s product, or receive a small percentage of your sponsor’s profits.

Working with sponsors can help you Make Everyday Giving Effortless (MEGE). People want to give easily, and through channels that are convenient to them. Today, that means giving through smartphones, and donations processed immediately so that they can be easily shared on social. Systems to gamify donation or offer fun perks in return apply here, too.

Donors Will Be Encouraged to Give Less, but More Often

When it comes to donations, frequency will be king. It might sound surprising, but ten $50 donations are a lot better than one $500 from the point of view of the fundraiser. These frequent, smaller micro-gifts help cultivate giving habits and emotional involvement in your cause, establishing the donor as part of your community and eventually, a long-term advocate. By giving often, they’re staying in touch, sticking around for updates on where your work’s at and how their gift will help. The more involved your donors are, the better their lifetime value for your organization.

This trend is also ideally suited to micro-projects, and with FundRazr, more campaigns doesn’t mean more time spent running them! Consider making a campaign for each individual project you’re working to complete - for example, each house you’re trying to build in a hurricane-damaged region, every family you want to provide with Christmas dinner, or every animal you need to keep off the street.

See:  Online Giving Trends Show Consistent Growth in the US Since Donation Crowdfunding Debuted in 2012

This kind of donation and fundraising is a win-win: it more closely mirrors the actual work your organization is doing, so that your donors feel like they’re “part of the team”. The more engaged donors are with your mission, the happier they’ll be to help.

Segmentation and Sophisticated Storytelling Will Become Even More Important - Personalizing Donor Experience is Everything

If you’re working in the nonprofit sector, it’s because you care about what you do. To fundraise successfully, you need to help potential donors care just as much. Storytelling is the way to engage people, but sophisticated, personalized storytelling is how you will truly engage as many people as possible.

Let’s say you’re running a wildlife rescue. Since you’re an animal nonprofit, you might draw the conclusion that anyone who loves animals could be a potential donor. And you wouldn’t be wrong, exactly - but it’s not that simple. For example, 20% of your donors might be donating because they care about hawks, while another 30% might like foxes, but not care as much about birds. Identifying these donor segments and marketing to them effectively will help you speak to them in a way that will resonate and optimize your revenue potential.

By showing your audience personalized content according to segmentation (showing your bird lovers hawks), you can make sure their impression of your charity is a memorable one.

Ephemeral Content Will Continue to Rise

In social fundraising, ephemeral content means two things: content that only exists for a short time (like Instagram Stories) or content we only pay attention to for a short time (an Instagram post). Clearly, ephemeral content is tailor-made for social media. This type of content lets you reach a wider audience, engage with them, and elicit an emotional reaction - all without too much labour-intensive content production.

Think of ephemeral content as a greeting card for your organization. It’s sent out to many people (Instagram’s hundreds of millions of users), is fun and simple (a nicely designed graphic, not an original video), and it shares a feeling by sharing the work you do. These personal, emotional stories will get the word out about your mission and plant the seed of donation in your audience’s minds. Make a plan to share content like this at least once a day.

Social Activism Will Keep Growing - And You Need to Keep Up 

People are more attentive to social causes than ever, and that’s a wonderful thing. Look at the climate justice movement Greta Thunberg is leading - people all over the world are getting involved, and a large part of it is on social media! Whatever your nonprofit’s mission adopting social fundraising tools and techniques will only get more important. In 2020, if your cause doesn’t have an online community cheering it on, it might as well not exist in the real world.

The statistics around online activism are staggering. Roughly half of United States citizens have been civically active on social media in the past year. If you’re wondering what that looks like, some examples are changing your profile picture to support a cause, posting about voting in an election, looking up information on protests or rallies, and using political or social hashtags.

See:  Crowdfunding campaign raises $3 million to protect Princess Louisa Inlet property

Many people believe we are living in a watershed moment for social change. People are dissatisfied with the current state of society, and are beginning to create a vision of what else is possible. As charities, if we offer actionable steps towards change, real progress is possible. If you share the impact each donation makes, it inspires people to give more often. It’s an exciting time for nonprofits, but we need to stay up to date with today’s world to take advantage of it.

Revenue Diversification Will be Even More Important

There are still many charities who rely on a single source of income. Whether it’s grants, major donors, or large fundraising events like galas, this is a risky proposition. With economic turmoil happening globally and older fundraising techniques dying out, it’s more important than ever to diversify to ensure cause longevity and survival.

It’s time for all nonprofits to push their comfort zones. It’s critical to try out new ways of revenue generation like crowdfunding. Establishing multiple streams of income will allow you to set up a sustainable charitable model that mitigates all inevitable risks.

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The Donor Journey’s End Will be Just as Important as its Beginning

We all know that a compelling, convincing story is important. Introducing potential donors to your cause, crafting a strong ask, and guiding people to the donate page are all essential parts of the donor journey. However, many nonprofits forget about optimizing the end of the journey - the actual donation page!

Unfortunately, we see many nonprofit websites with broken donate buttons or donation pages that aren’t optimized for mobile. When donors finally click ‘donate’ they’re at the peak of their emotional engagement with, and excitement for your cause.  The donation page, and the actual act of donating, should carry on this experience - not kill it.

It should be a priority to make sure their donation page is mobile-optimized. Social sharing must be enabled and the page should have a short story reminding donors why they decided to give. If you’re working with FundRazr, use our one-page donation template. It includes all the necessary elements the make sure donation is just like the rest of their experience - positive and inspiring!

Change might be scary, and social fundraising world has seen a lot of change over the past year. But even though 2020 will be bringing more change, it’s a great and exciting time to be a nonprofit - as long as you’re willing to adapt.

Happy Holidays and hope your 2020 will be exciting and positive.

 


NCFA Jan 2018 resize - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token Offering 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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Fintech Canada Directory Category: Capital Markets | DeFi | Crowdfinance

 

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NCFA Jan 2018 resize - Fintech Canada Directory Category: Capital Markets | DeFi | Crowdfinance 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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Crowdfunding campaign raises $3 million to protect Princess Louisa Inlet property

CBC News | Sep 3, 2019

Andrew day BC parks foundation - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token OfferingThe fundraising campaign to buy a swath of remote coastal wilderness on the Sunshine Coast has been a success.

The B.C. Parks Foundation, an independent charity that works with B.C. Parks, was able to raise $3 million to buy 800 hectares in Princess Louisa Inlet from a private seller. The inlet is about 100 kilometres northwest of Vancouver.

The last amount of the money needed came in at the last minute, right on Tuesday's deadline.

B.C. Parks Foundation CEO Andrew Day says this will be one of the first crowdfunded protected parks in the country.

"It's just an amazing, amazing thing that people have done," he said.  "It was so many people who gave us $10 or $15 and said, 'This is all I can do, but this is a wonderful thing that you're doing.'"

The sale will not be final until Sept. 3, but Day says he does not expect anything to stand in the way.

"We knew that there had been a couple offers from forestry companies to buy that property and that's why we got involved in the first place," he said.

Day has previously said the B.C. Parks Foundation wants to keep the land from being logged and developed.

"It's really a huge portion of the inlet and we'll do our best to make sure that that area stays protected forever," Day said.

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NCFA Jan 2018 resize - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token Offering 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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Regulation Crowdfunding Surpasses $250,000,000 in Commitments The Model is Working but its Potential is Much Greater

Crowdfund Capital Advisors | Sherwood 'Woodie' Neiss | Aug 7 ,2019

RegCF - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token OfferingIt has been just over 3 years since Regulation Crowdfunding (Reg CF) went into effect and most recently the industry surpassed a quarter of a billion dollars in commitments. Since inception over 1,800 companies in cities all across the United States have filed to raise money under Regulation Crowdfunding. Over 271,000 investors, most of which are friends, followers or customers of these businesses have made commitments to start, scale or expand operations.

The average raise stands around $237,000 which firmly addresses the Valley of Death[1] issue. Most of the successful companies are raising funds in less than 90 days which is far faster than other forms of financing like Venture Capital or Bank Loans. There’s been no fraud or Wild West as opponents had claimed.

“Essentially we built a financing mechanism which is doing exactly what we said it would,” said Sherwood Neiss Principal at Crowdfund Capital Advisors (CCA) “We’re funding local businesses with a vested group of local investors that is creating local jobs and powering local economies.”

Regulation Crowdfunding began on May 16, 2016. It allows any startup or small business to raise up to $1,070,000 online from family, friends and followers (accredited or not) provided issuers use an online investment platform that is registered with the Securities and Exchange Commission (SEC) and disclose information about their company and financial wellbeing.

See:  The SEC Publishes Report on Reg CF: “The number of crowdfunding offerings as well as the total amount of funding during the considered period was relatively modest”

Since the industry began, Crowdfund Capital Advisors has been collecting information on every offering in its CCLEAR Database. CCLEAR is the leading Regulation Crowdfunding database that collects, cleans, aggregates and reports on all companies seeking funds via Regulation Crowdfunding as well as those doing parallel 506(c) offerings[2]. This information includes financial performance, security offering, valuation, industry, daily commitments and number of investors. The information is summarized and published on a daily basis on the CCLEAR Regulation Crowdfunding dashboard.

Here are some key data trends:

  • Capital commitments – From FY17[3] to FY18 capital commitments increased 178% from $45.7M to $81.1M. The second full FY of Reg CF saw capital commitments increase 139% to $113M. Total capital commitments to date is over $250M.
  • Issuers – During the same period the number of companies seeking to raise funds increased 187% from 317 to 592 and 137% to 810 in FY19. Total issuers to date is over 1,800.
  • Investors – The number of individual investors grew from 44.5k in FY17 to 92.6K in FY18 to 117.8K in FY19. Total investors to date is over 270,000.

“No matter how you look at it, there’s been an impressive growth of at least 250% in 2 years,” says Neiss. “If we extrapolate out over the next 2 years, we estimate that over 3,400 companies across the United States will receive half a billion dollars by over half a million investors.”

CCLEAR captures a maximum of 56 different industries from Advertising and Marketing, to Healthcare and Utilities. During the first fiscal year there were 44 industries represented. That number increased to 47 last fiscal year. While application software, alcoholic beverages, business services, consumer packaged goods, entertainment, personal services and restaurants were the most common industries seeking funds, financial services, business services, employment services and retail saw the greatest increase in offerings between the first and third fiscal years.

“The wide representation of so many industries speaks to the broad appeal of regulation crowdfunding to both companies seeking and investors looking to deploy capital,” says Neiss. “No matter what industry you are in, if you have an engaged group of customers that could be investors, Regulation Crowdfunding is something you should explore.”

Companies in 48 of the 50 States have registered to raise funds via Reg CF.

See:  OurCrowd Double IPO Success Provides Crowdfunding Validation

From an employment perspective, the data shows that Reg CF continues to sustain and support local jobs. In the first fiscal year over 1,482 jobs were supported. This grew by another 3,150 in the second fiscal year and another 4,448 in the third.

“Collectively almost 10,000 jobs have been supported around the United States since the launch of Regulation Crowdfunding,” says Neiss.

“We expect this number to grow by another 10,000 in the next 2 years. 20,000 jobs means 20,000 people employed by local businesses and reinvesting their income back into these communities through mortgage payments, groceries, dining out, education and more. This is how we support local economies. And we are doing it despite the current $1M cap on company raises. Imagine what we could do if we increased these caps from $1M to $5M, $10M or $20M? It is easy to see how we could increase this from 20,000 to 200,000 jobs.”

While not all Regulation Crowdfunding companies are revenue generating those that are had over $400M of Revenue in their most recent fiscal year.

“Given that the majority of these firms are growing and reinvesting their earnings, you can only imagine the multiplier effect that this has on local economies,” says Neiss. “Businesses are reinvesting into their local economies by purchasing goods and services to support them and hiring employees. And employees are using their paychecks to support themselves. Together we estimate they are pouring close to a billion dollars into local economies.”

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NCFA Jan 2018 resize - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token Offering 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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Blockchain Association Takes Over Kik’s ‘Defend Crypto’ Crowdfunding Effort

Coindesk | Nikhilesh De | June 28, 2019

blockchain association to defend crypto fund - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token OfferingCanada-based social media company Kik is relinquishing control of its legal defense crowdfunding campaign to the Blockchain Association in an effort to broaden the initiative’s reach.

Kik and the Blockchain Association announced Friday that the D.C.-based lobbyist group would be taking over “Defend Crypto,” the crowdfunding initiative that Kik previously launched to raise funds for its ongoing battle with the U.S. Securities and Exchange Commission.

While Kik will retain the $5 million it initially contributed to the fund, all of the other donations – some $1.9 million – will be set aside for other crypto projects facing similar lawsuits. What’s more, the company intends to donate $500,000 in kin tokens to help support the fund.

The move represents a significant departure from the effort’s initial goal. According to the campaign’s website, all donations were supposed to solely support Kik’s legal efforts.

“Once the case against Kik is resolved, all remaining funds, including any portion of the initial $5 [million] contribution by Kik, will be allocated to a nonprofit organization to be used for other initiatives that help with innovation in our industry,” the website read as of June 24.

However, in its announcement on Friday, Kik wrote “if we are going to Defend Crypto, we need to do it as a collective.”

See: SEC sues Kik for US$100M for ‘illegal’ securities offering of digital tokens

The Blockchain Association was chosen to helm the initiative due to its advocacy work for the crypto industry, Kik spokesperson Tanner Philp told CoinDesk.

“[The Blockchain Association] will be in the best position to objectively allocate the resources to the highest impact initiatives,” he wrote in an email.

Kristin Smith, who currently heads the association, said in a statement that the initiative would continue to focus on legal battles for crypto startups, saying:

“As stewards of the Defend Crypto fund, we will establish a structure to participate in legal proceedings that will have an outsize, positive impact on the entire crypto ecosystem.”

Smith added that “regulatory clarity is sorely needed for companies and consumers in the crypto economy,” possibly referencing Kik’s argument that the SEC’s complaint against the startup will add regulatory clarity for crypto projects.

“We think we’ll be able to leverage this fund to constructively engage with the courts,” she said.

SEC vs Kik

Kik’s legal battle with the SEC began last year, when the U.S. securities regulator told the company that it may have violated federal law when it conducted a token sale in 2017.

See:  Kik is Crowdfunding $5 Million in Crypto to Help Fight SEC

Kik disagreed with that assessment, and later took the unprecedented step of making both the initial Wells Notice – the SEC’s argument on how Kik violated federal law – and its own response public.

Ted Livingston, the CEO of the company, told CoinDesk last month that it had already spent some $5 million going back and forth with the SEC since its initial Wells Response, but the regulator ultimately went forward with the lawsuit, filing a complaint against Kik earlier this month.

According to the complaint, Kik saw an initial coin offering as a last-minute effort to generate revenue, and promotional statements by Livingston during the sale supported the argument that the kin token is a security.

Attorneys told CoinDesk that the SEC case appears strong, though several warned that initial complaints are supposed to, and do not necessarily indicate the outcome of a case.

Kik has yet to formally respond to the complaint, though general counsel Eileen Lyon argued in a statement that the SEC’s case is based on “flawed legal theory,” and Livingston’s statements indicating that kin’s price would rise was not a promise of profit.

Broader reach

The shift for Defend Crypto stems from the number of other projects that are facing their own legal cases, as per Friday’s announcement.

Kik’s crowdfunding push began a conversation about the SEC’s efforts to police the ICO space, it said.

“The SEC has been very effective in keeping everyone in different corners of the room, making it feel like their challenges with the SEC are unique to them, like they are going it alone,” the announcement reads. “We know how this feels – which is why we decided to make our Wells Notice and Wells Response public in January – we knew we couldn’t be the only ones. What we didn’t anticipate was just how many have been affected by the cloud of uncertainty.”

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NCFA Jan 2018 resize - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token Offering 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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SmartHalo crowdfunds an additional $1 million for smart biking device

Betakit | | June 13, 2019

smart halo 300x198 - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token OfferingMontreal-based SmartHalo, a smart biking device developer, has successfully crowdfunded $1 million for the second generation of its product on Kickstarter.

“It made sense to return to Kickstarter after the success of the first SmartHalo campaign,” the company wrote on its Kickstarter page. “It’s a great platform for us to share our vision and receive the support needed to bring it to life. Crowdfunding allows us to give back to our community by giving our fans the opportunity to get the new SmartHalo first and at a discounted price. It’s a winning solution for everyone.”

SmartHalo2 is a connective device that allows riders to track cycling metrics, sync that data with fitness apps, and find new routes with navigation signals. It is water-resistant and comes fitted with an anti-theft alarm and a front light. Arguably its most recognizable new feature is PeekDisplay, which complements the product’s Halo display to provide more visible information to the rider.
“We see a huge opportunity in cycling. Not necessarily for sports, but for mobility,” said Xavier Peich, CEO and co-founder of SmartHalo. “Cities are investing in better infrastructure, while increasingly limiting car access and parking to downtown cores. This is a huge trend that is coming to Canada sooner than we think.”

CS2016 Throwback:  Smart Halo CEO and Co-Founder, Xavier Peich, wins NCFA live pitching session 1

smart halo wins NCFA live pitching session - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token Offering

SmartHalo, formerly known as CycleLabs Solutions Inc, was founded in 2014 by Peich, Gabriel Alberola, Maxime Couturier, and Olivier Bourbonnais. In 2015, the company launched its first Kickstarter campaign, resulting in over 3,000 community pledges and raising half a million dollars. In 2016, the company raised a $328,000 angel round, and has been backed by Fonds Innovexport since 2017, a Quebec-based fund that also backs the likes of cloud software company, AlayaCare.

In the second half of 2017, the company struck a deal with Apple, distributing the SmartHalo device in Apple stores across North America and Europe. Peich said SmartHalo is both the first Kickstarter project and the first Canadian hardware company to launch at Apple. Since then, the company has delivered 25,000 units to cyclists in over 70 countries. Peich told BetaKit the company expects to raise a Series A sometime this year.

The company participated in The Next36’s 2016 Venture Day, where Peich was recognized as a Next Founders Valedictorian. The company also advanced to the finals of the Startup Community Awards in 2017, placing in the top three in the Startup Champion of the Year category.

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NCFA Jan 2018 resize - KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token Offering 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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