Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Online Giving Trends Show Consistent Growth in the US Since Donation Crowdfunding Debuted in 2012
Non-profit Source | Resource page
Online Giving Grew 12.1% in 2017
- Online giving has seen consistent year over year growth:
- 2012: $19.2 billion
- 2013: $21.2 billion
- 2014: $24.1 billion
- 2015: $25.8 billion
- 2016: $27.8 billion
- 2017: $31 billion
- $128 dollars is the average online donation amount.
- $326 dollars is the average annual donation total for recurring donors.
- 67% of nonprofits across the globe are set up to accept online donations.
- Mobile accounted for 40% of all visitors, tablets for 10%, and desktop users made up the other 50%.
- Every sector tracked saw at least 15% online revenue growth, with particularly large gains for Environmental (34%) and Rights (37%) nonprofits.
See: Crowdvetting for crowdfunding? How donation sites get to the truth behind campaigns
25% of the US population are Millennials and 84% of them give to Charity
- Millennials are 25.9% of US population. 11% of total US giving comes from Millennials
- 84% of Millennials give to charity, donating an annual average of $481 across 3.3 organizations.
- Millennials are most likely to contribute to work sponsored initiatives, donate via mobile and watch online videos before making a gift.
- $9,237.55 is the average amount a nonprofit crowdfunding campaign raises.
- The average donation size to a crowdfunding campaign is $66.
- 62% of donors who give to crowdfunding campaigns are new to crowdfunding.
- Campaign owners raise 3X more if they update supporters every 5 days.
- Crowdfunding campaigns with personal videos raise 150% than those that don’t have videos.
Continue to see more statistics --> here
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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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Canadian Bar Review | Teresa Scassa | May 25, 2023 Canada's Bill C-27, The Digital Charter Implementation Act, features a proposed Artificial Intelligence and Data Act (AIDA). Canada’s Bill C-27, The Digital Charter Implementation Act, includes a proposed Artificial Intelligence and Data Act (AIDA). If passed, the AIDA would establish a series of obligations regarding the use of anonymized data in AI systems; the design, development and making available for use of AI systems generally; and the design, development and making available for use of high-impact AI systems. The bill is challenging to fully understand, as many of these obligations are left to be fleshed out in regulations, including even the definition of the “high impact” AI, to which the AIDA will apply. Oversight of the regime will be the responsibility of the Minister of Industry, who is also responsible for supporting the growth of the AI industry in Canada. See: OSFI and GRI report: AI in Finance Needs Safeguards, Explainability Key For Trust The AIDA is introduced amidst a rapidly changing AI landscape and international governance initiatives from the European Union and the United States, and aims to be both 'agile' and a form of risk regulation. The scope ...
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Read More
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Read More
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Read More
Read More
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Read More
Read More
Jun 8, 2023 Between June 13 and 15, the Canadian Gaming Summit (CGS) arrives at the Metro Toronto Convention Centre. This will be the 26th edition of the event, which sees iGaming industry professionals and experts from across the country attend to discuss the latest trends and share ideas. This year is also a first for the CGS, as it’s being hosted by the SBC Events and the Canadian Gaming Association. The event is a chance for those working in the industry to share ideas and gain better insights into specific sectors, with a speaker list that features a who’s who of the Canadian iGaming industry. Canadian Gaming Summit 2023 is expected to attract more than 2,000 people, including author Gayle Mitchell who will be attending to research her upcoming book. Guest Speakers Perhaps the biggest appeal of the Canadian Gaming Summit is the appearance of guest speakers, who are all experts in the iGaming business. This year includes more than 150 speakers from across the industry, including names from some of the biggest companies currently operating in Canada. Some of the speakers include: Tom Mungham – Chief Executive Officer of the Alcohol and Gaming Commission of Ontario Scott Vanderwell ...
Read More
Read More
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Read More
Read More
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Read More
Read More
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Read More
Read More
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Read More
Read More
Aljazeera | Jun 5, 2-23 The United States Securities and Exchange Commission (SEC) has sued Coinbase, accusing the largest US cryptocurrency platform of operating illegally because it failed to register as an exchange. Coinbase, the largest US crypto platform, is under scrutiny for alleged security law breaches related to its staking rewards program. The SEC claims that Coinbase has been acting as an intermediary for cryptocurrency transactions since at least 2019, evading necessary investor protection disclosures. The company is also charged with trading at least 13 crypto assets deemed securities, which should have been registered, including Solana, Cardano, and Polygon. The lawsuit is part of SEC Chairman Gary Gensler's push to increase oversight of the rapidly growing crypto industry, which he has referred to as a "wild West" of investing. The legal actions against Coinbase and Binance signal the SEC's intent to enforce existing market regulations in the cryptocurrency sector, an industry that has often been accused of regulatory ambiguity. See: Breaking: SEC Files Charges Against Binance for Mishandling Funds and Deceiving Regulators Market Impact: Shares in Coinbase Global Inc dropped by as much as 20.9% following the announcement of the lawsuit, with customers reportedly withdrawing over $57m shortly after ...
Read More
Read More
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Read More
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