2023 Fintech and Financing Conference & Expo

Category Archives: Online Funding / Investing Campaigns

How Do Franchises Work?

Nov 18, 2022

Mailchimp coffee mug 1 - How Do Franchises Work?

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If you want to launch your own business and sell goods, you may have thought about becoming a franchisee. Finding franchise opportunities can be an excellent way to connect with an audience that wouldn’t buy your goods otherwise, and it creates an immediate sense of trust in the consumer’s mind.

For instance, brands with a reputation for being green have more chances to attract customers, and these customers are willing to pay more for sustainable products. So, if you’re interested in joining a franchise to offer such products, allow us to show how being a franchisee works.

Starting Operating a Franchise

Franchises exist for any kind of business providing customers with goods or services. The first examples coming to mind are fast-food restaurants such as McDonald’s or Burger King. However, it’s possible to join a franchise to sell other alimentary products like groceries, jewelry, or apparel.

As a franchisee, you’ll have to pay a fee to the franchise to get the right to use their brand name and sell their products. In most instances, the franchise can ask the operator to adapt their facility or invest in machinery to offer the products with their exigence in quality.

Is It Lucrative For The Franchisee?

If you didn’t know, franchises have generated over 827 billion US dollars in the US in 2022, and it employs over 8.5 million people every year. Once you’ve paid all you’re due, including paying for the goods, advertisements, and the various fees and royalties linked to the franchise. Then, the rest of the recipes go to paying your employees, facilities, and, finally, your operating company.

Moreover, franchises have started to partner up with innovative payment methods like XTM to offer customers more convenience. These payment solutions usually boost sales by providing incentives or crypto payments.

How Much Does It Cost?

The cost of a franchise varies depending on the brand and type of products and services you intend to offer. In some instances, the initial investment can reach upwards of $21,000 to get started. You’ll have to pay the franchise fee, permits, insurance, supplies, promotions, furniture, and legal procedures.

You may also have to invest in hardware and pay for professional software solutions to run the business. Additional fees may apply depending on the nature of the operation. like delivery and training expenses. So, it’s a profitable venture if you already have the initial funds to get it up and running in a matter of months.

If the franchise you intend to launch is more luxurious, like a resort, the initial investment is in millions. and most of these businesses require seeking investors with enough money to pay for everything.

Are There Low Investment Options?

Even though the most prestigious franchises, like Hilton, will ask for a tremendous price upfront due to the quality of the brand and the crowd it attracts, it’s possible to get started with a franchise for far less money.

For example, paying for a fitness franchise is one of the most profitable investments. You’ll have to pay for the hardware, machines, and professional coaching, but the franchise is relatively cheap. Furthermore, this will attract pre-existing customers to your venue.

Unsplash Taylor Grote Smiling Man - How Do Franchises Work?

Image: Unsplash/Taylor Grote

Is It Always Profitable?

For a franchising business to be successful, you must be ready to invest the required amount of money. However, it can fail for a number of reasons. Before buying a franchise, you need to get legal advice and do a business survey. For instance, opening too close to similar businesses can lead to your business not making enough. Still, if your facility is too far removed from a city center or places of interest, no one will know it’s there. It’s all about finding the right balance to attract the right customers.

See:  Your Conventional Business Must Modernize in a Post-pandemic World

Furthermore, the franchise will review your application to ensure you can provide the quality of service expected by the brand and its customers. Nowadays, this process can be made easier if the franchise is an online service.


NCFA Jan 2018 resize - How Do Franchises Work?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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[Event Nov 23, 2022]: Rebuild Ukraine Business Conference 2022

Canada-Ukraine Chamber of Commerce | Oct 24, 2022

Rebuild ukraine business conference 2022 - [Event Nov 23, 2022]:  Rebuild Ukraine Business Conference 2022

Event Details

Date and Time: November 23rd, 2022 at 8:00 am – 7:00 pm 
 
Location: The Omni King Edward Hotel (37 King St E, Toronto, ON M5C 1E9)  

Cost: $150 + HST 

Description

The Canada-Ukraine Chamber of Commerce in partnership with the Business Council of Canada (BCC), Embassy of Ukraine in Canada, Embassy of Canada in Ukraine and the Ministry of Economic Development and Trade in Ukraine invite you to the Rebuild Ukraine Business Conference on November 23rd, 2022, at the Omni King Edward Hotel in Toronto.  

The Rebuild Ukraine Business Conference will showcase investment projects aimed at rebuilding and modernizing Ukraine in the agriculture, energy, construction/infrastructure, and digital sectors. It will also highlight the tools and instruments offered by Export Development Canada, European Bank for Reconstruction and Development, World Bank, and International Finance Corporation to support Canadian companies interested in investing in Ukraine.  

Conversations about rebuilding Ukraine have already started in Europe and the U.S. The time is ripe to start these conversations in Canada to give Canadian businesses the opportunity to be a part of the rebuilding process and to help Ukraine fight on the economic front.  

Event Partners

Embassy of Ukraine in Canada
Business Council of Canada
Ukraine Invest
Ministry of Economic Development and Trade of Ukraine
Ministry of Digital Transformation of Ukraine
CEO Club Ukraine
Embassy of Canada

Register for this event on Eventbrite --> here


NCFA Jan 2018 resize - [Event Nov 23, 2022]:  Rebuild Ukraine Business Conference 2022The 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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Kim Kardashian Pays $1.26M to the SEC in Penalties for Unlawfully Touting Crypto

SEC | Release | Oct 3, 2022

Kardashian - Kim Kardashian Pays $1.26M to the SEC in Penalties for Unlawfully Touting CryptoThe Securities and Exchange Commission today announced charges against Kim Kardashian for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. Kardashian agreed to settle the charges, pay $1.26 million in penalties, disgorgement, and interest, and cooperate with the Commission’s ongoing investigation.

[approximately $260,000 in disgorgement, which represents her promotional payment, plus prejudgment interest, and a $1,000,000 penalty.]

The SEC’s order finds that Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram account about EMAX tokens, the crypto asset security being offered by EthereumMax. Kardashian’s post contained a link to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens.

See:  AltFi Series (2 of 3): Regulatory Landscape on Stablecoins

Kardashian also agreed to not promote any crypto asset securities for three years.

 

SEC Chair Gary Gensler:

This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors. We encourage investors to consider an investment’s potential risks and opportunities in light of their own financial goals.  Ms. Kardashian’s case also serves as a reminder to celebrities and others that the law requires them to disclose to the public when and how much they are paid to promote investing in securities.

View the original release --> here


NCFA Jan 2018 resize - Kim Kardashian Pays $1.26M to the SEC in Penalties for Unlawfully Touting CryptoThe 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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KKR Partners with Securitize to Launch Part of Health Care Fund on Avalanche’s Public Blockchain

WSJ | Miriam Gottfried | Sep 13, 2022

blockchain tokenized funds - KKR Partners with Securitize to Launch Part of Health Care Fund on Avalanche's Public BlockchainKKR & Co. is making a slice of one of its private-equity funds available on the public blockchain, in the latest bid to expand individual investors’ access to private investment vehicles.

  • Securitize, a leading digital asset securities firm, today announced the launch of a fund tokenizing an interest in KKR’s Health Care Strategic Growth Fund II (“HCSG II”) on the Avalanche public blockchain. This is a major step toward making institutional private market strategies more accessible to individual investors.
  • The new Securitize tokenized fund (the “Fund”) marks the first time exposure to one of KKR’s alternative investment strategies has been offered in a digital format in the U.S. The Fund is managed by Securitize’s digital asset management arm, Securitize Capital, and provides exposure to KKR’s health care growth equity investing strategy.
  • Executives said the move by KKR will be the first time a major private-equity firm has made a portion of a fund available on the blockchain in the U.S.
  • KKR managed about $70 billion of private-wealth assets as of the end of the second quarter, out of a total of $491 billion. It said last November it expects 30% to 50% of its annual fundraising will eventually come from wealthy individuals, up from 10% to 20% at the time.

See:  Binance’s co-founder, Yi He, Steps in the Limelight to Oversee $7.5 Billion Crypto Portfolio

  • A tokenized fund will allow individuals to invest smaller amounts than would be required of institutions and provide a smoother process for monitoring transactions and vetting investors through Securtize’s digitized onboarding process, as well as greater potential for liquidity, said Dan Parant, co-head of U.S. private wealth at KKR.
  • Qualified purchasers—generally those with at least $5 million in investible assets—who create a digital wallet and sign up with Securitize will be able to invest in the KKR fund via what will effectively be a tokenized feeder fund. After a year of holding the security, investors will be able to sell it to other qualified individuals on a secondary market managed by a unit of Securitize.

NCFA Jan 2018 resize - KKR Partners with Securitize to Launch Part of Health Care Fund on Avalanche's Public BlockchainThe 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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Regulatory Committee: SEC Small Business Advisory Votes to Improve Secondary Trading of Reg A+ Securities

Crowdfund Insider | | Aug 2, 2022

Funding and Raising capital for small businesses - Regulatory Committee:  SEC Small Business Advisory Votes to Improve Secondary Trading of Reg A+ SecuritiesThe Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) met today to discuss liquidity for certain exempt securities in the form of secondary trading. More specifically, the Committee addressed securities issued under Reg CF (Regulation Crowdfunding) and Regulation A (Reg A+).

In opening remarks, SEC Chairman Gary Gensler stated:

“I look forward as well to the Committee’s discussion on secondary market liquidity for investors in Regulation A and Regulation Crowdfunding companies, and for smaller public companies. I would be interested to learn about the Committee’s thinking on these matters as it relates to promoting investor protection and facilitating capital formation.”

Ryan Feit, CEO and co-founder of SeedInvest:

  • Highlighted multiple successful offerings listed on SeedInvest that generated significant returns to investors, said there were two major outstanding hurdles to the market.
    • First diversification. Given the high rate of failure for younger firms, Feit advocated for the ability to create funds of early-stage firms under the exemptions.
    • Second liquidity - Waiting five to ten years to get a return, even when the firm is performing well, ultimately leads to less capital for these businesses. The lack of liquidity is a “huge issue,” and regulatory changes could create a “vibrant secondary market.” He also shared that greater clarity on digital securities would be helpful as distributed ledger technology could drive efficient trading in a number of ways.

Joan Adler, partner at Ellenoff, Grossman and Schole:

  • In the early days of the JOBS Act, great focus was on primary issuance. Now there is interest in secondary transactions, yet individual investors are challenged to sell shares, and issuers must manage a fragmented regulatory environment as secondary trading does not benefit from state pre-emption – meaning you must deal with the peculiarities of all 50 states and territories. A herculean task.

See:  Private markets propelled by ‘push and pull’ have grown exponentially

Andrea Seidt, the Ohio Securities Commissioner and representative of NASAA:

  • She understands the need for capital formation, but she “strongly opposes” a statement in support of secondary trading.
  • Pre-emption will lead to harsher outcomes.  She also said Feit’s examples of successful offerings that generated returns for investors was “cherry picking” and demanded more data on the success and failure rate of crowdfunded securities.

Outcome

In the end, the Committee voted on a recommendation to request the Commission allow pre-emption for securities issued under Tier 2 of Reg A+, an exemption that enables issuers to raise up to $75 million and must be qualified by the SEC. The Committee described it as a “pilot program” to support secondary trading that will provide for a harmonized environment to address the issue – one that the Committee has been discussing for years.

Continue to the full article --> here


NCFA Jan 2018 resize - Regulatory Committee:  SEC Small Business Advisory Votes to Improve Secondary Trading of Reg A+ SecuritiesThe 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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Startup CityFALCON raises $2m equity on Seedrs including participation from Holt

CityFALCON | Release | Jun 23, 2022

making investment decisions - Startup CityFALCON raises $2m equity on Seedrs including participation from HoltLONDON, June 23, 2022 /PRNewswire/ -- London and Malta based fintech CityFALCON closed an equity fundraising campaign on Seedrs of £1.65m ($2m) to scale up the business and bring even more insightful products to market faster.

On Seedrs, the leading UK private investment platform, CityFALCON has leveraged individual investors from their growing fanbase and onboarded institutional investors.  The commpany boasts 2300 existing investors, with 1200 coming on in this round, including new and repeat investors.

See:  Brex is Off-boarding Tens of Thousands of Small Businesses, Not Startups

eToro, the social investing network with over 27 million registered users globally, took a small position in the company. eToro is a client and powers its News tab with CityFALCON content, providing users with a quality contextual newsfeed to inform investment decisions and increase engagement.

As further validation, The Holt Xchange, a global early-stage VC firm and platform in Canada, and Terance Butler Holdings (TBH), a property investment company in the UK, have both taken stakes.

TBH's investment enhances their portfolio of high-growth, IP-based companies. Stephen Walker, Investment Director at TBH, said "We are excited to invest in CityFALCON at what we believe is a pivotal time for the company. Having gained traction, we believe now is the right moment for the company to scale up its sales & marketing effort whilst continuing to develop the product".

See:  Are you a Pig, Gazelle or Bear? Beyond Unicorns, Zoology of startups

Managing Partner at Holt Xchange, Elisabeth Laett, stated:

The democratisation of financial information is the result of a global demand to access better education and deeper financial insights for a broader audience. We have been impressed with the team's mission at CityFALCON and pleased to further support them in this seed round.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Startup CityFALCON raises $2m equity on Seedrs including participation from HoltThe 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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Hardbacon: Why we launched an equity crowdfunding campaign in the middle of a bear market

Hardbacon | Julien Brault | Jun 16, 2022

Julien Brault Hard Bacon - Hardbacon:  Why we launched an equity crowdfunding campaign in the middle of a bear market

When we launched our equity crowdfunding round in May, the stock market was down 20% year-to-date and the value of Bitcoin had fallen 35%. While many of our investors were eager to reinvest, it was also obvious that many of our investors were impacted by the downturn and could decide not to reinvest in Hardbacon.

That said, postponing the round didn't necessarily seem like the right decision. First, I didn't have a crystal ball to tell me when, in the future, the markets would be more conducive to such funding rounds. Second, I knew that by successfully closing a round despite the economic environment, Hardbacon would be better positioned than ever for what comes next.

And it worked, since we reached our funding goal of $500,000 within a week of launching the round!

Right now, many fintechs are cutting positions in order to survive longer without seeking new capital. However, at Hardbacon, we’re actually looking to expand our team to accelerate our growth and to solidify our status as a key player in personal finance and financial product comparison tools in Canada.

As we plan to expand through acquisitions while simultaneously investing in our organic growth, the shortage of traditional sources of capital for start-ups could work in our favour. As VC funding is bound to get more scarce, our competitors will seek to sell themselves and we should be well positioned to snag the best in breed!

Hardbacon: a growth success story

As of today, Hardbacon reaches at least 232,000 unique visitors every month through its website, 38,000 registered users on its mobile app, and that doesn’t include our affiliate network and other owned websites! In February 2020, our website was only reaching 12,000 unique monthly visitors and our revenue was 10x lower than today. That’s what made people think that Hardbacon was an overnight success.

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In fact, nothing could be further from the truth! We tested one-thousand-and-one business models, price structures, and market segments! Most of our hypotheses were rejected by the market up until we embraced our current business model back in 2020. It is the affiliate marketing model.

Realistically, it means that we help our clients, who for the most part are financial institutions, acquire customers. On the other hand, contrary to traditional media which sells ads, we invoice based on results, which might be a credit card application, an account opening, or a sign up. If you’ve ever used our credit cards comparison tool and found a card you liked, chances are that we earned a bit of money!

If you want to know more about our business model and the terms of our current round, I invite you to visit our FrontFundr page.


NCFA Jan 2018 resize - Hardbacon:  Why we launched an equity crowdfunding campaign in the middle of a bear marketThe 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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