Marketplace lending – Market DCD http://market-dcd.com/ Just another WordPress site Fri, 17 Sep 2021 14:16:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://market-dcd.com/wp-content/uploads/2021/06/icon-2021-06-29T174343.113.png Marketplace lending – Market DCD http://market-dcd.com/ 32 32 Efficiency of 3 BDC up to 8.3%: 2 misfires, 1 stud https://market-dcd.com/efficiency-of-3-bdc-up-to-8-3-2-misfires-1-stud/ https://market-dcd.com/efficiency-of-3-bdc-up-to-8-3-2-misfires-1-stud/#respond Fri, 17 Sep 2021 13:30:02 +0000 https://market-dcd.com/efficiency-of-3-bdc-up-to-8-3-2-misfires-1-stud/ SSince traditional banks gave up on business loans over the years, BDCs (business development companies) have stepped in. As an asset class, BDCs earn 8%. We’ll discuss three popular payers – with dividends of up to 8.3% – in a moment. Congress gave BDCs a boost in 1980, creating an incentive structure to provide financing […]]]>

SSince traditional banks gave up on business loans over the years, BDCs (business development companies) have stepped in.

As an asset class, BDCs earn 8%. We’ll discuss three popular payers – with dividends of up to 8.3% – in a moment.

Congress gave BDCs a boost in 1980, creating an incentive structure to provide financing to small businesses. BDCs enjoy special tax privileges and, in return, they must remit at least 90% of their taxable profits to shareholders in the form of dividends.

If this sounds familiar to you, it’s because this same trade-off is appreciated by real estate investment trusts (REITs), which were formed in the same way, 20 years ago.

As with REITs, the requirement that BDCs must distribute 90% of their income as dividends leads to oversized returns. An average yield of 8% is huge:

That’s a yield of 8% … On AVERAGE

Source: Controversial Perspectives

Just be sure to explore this industry with your eyes wide open.

The BDC space is notoriously difficult to operate and in which to invest. Business development companies must compete with other sources of funding; they tend to invest in smaller companies, which are exceptionally sensitive to economic conditions; and they are difficult to assess given the minimal information on the companies in their portfolio. (Track recordings are important in this space.)

But if you want to try some truly life-changing returns with the potential for growth, these PE-esque stocks are hard to match.

Today, I am going to present three BDCs that show potential.

PennantPark Variable Rate Capital (PFLT)
Dividend yield: 8.9%

In February, I explored a few high yield games that could actually suffer a jolt from rising interest rates.

Remember: BDCs are lenders. To varying degrees, they can negotiate loans with a “floating rate” component – and the higher the interest rates, the higher the BDC’s earnings.

Enter PennantPark Floating Rate Capital (PFLT).

PennantPark’s current portfolio includes around 100 mid-market companies, spanning 42 different industries. These businesses include glass distributor American Insulated Glass, marketing department Phoenix Marketing International, and veterinary hospital service provider Pathway Partners.

As the name suggests, PFLT makes these investments almost entirely through senior secured variable rate loans.

This exposure seemed like a blessing at the start of the year, when interest rates looked set to take off amid an unbridled economic recovery. But they didn’t. In fact, rates have gone from 1.7% in March to 1.3% today, and PFLT is performing on par with the industry.

The take-off of PennantPark Floating Rate Capital is delayed

On the one hand, PFLT still offers a high dividend – paid monthly, no less – and is among the best-positioned BDCs when interest rates finally bounce back down.

The other side of the coin? The security of dividends remains a question mark. I mentioned that in February analysts at Janney Montgomery Scott predicted that PFLT would not earn enough net interest income (NII) to cover the dividend in 2021 and 2022. Well, more recently, Oppenheimer confirmed, claiming that NII would be below the core. $ 1.14 in dividends that PennantPark is expected to pay.

Main Street Capital (MAIN)
Dividend yield: 6.1%

Main Street Capital (MAIN) is BDC’s industry closest to reliable blue chip stock.

This $ 2.8 billion business development company provides debt and equity financing solutions to lower middle market businesses, and debt financing (primarily senior secured debt at variable rates) to businesses of the middle market.

Its typical target company generates annual revenues of between $ 10 million and $ 150 million, and EBITDA of around $ 3 million to $ 20 million. The portfolio currently has 177 investments, the largest of which represents only 3.2% of total investment income. Meanwhile, no industry accounts for more than 7% of the portfolio in terms of cost, and MAIN is even geographically diversified, with as much as 15% invested in any of the five regions of the United States.

Net Distributable Investment Income (DNII) has improved every year since 2007, and its long-term performance largely reflects that story.

Main Street Capital is head and shoulders above the rest

This pattern is a bit more erratic per share – while the DNII increased between 2018 and 2020, the DNII per share from $ 2.76 in 2018 actually fell to $ 2.66 in 2019 and then to $ 2.26. in 2020. But things are clearly normalizing in the short term. term. The DNII for the last 12 months is 11% higher than the 2020 total and 6.6% per share.

In fact, things are going so well that Main Street has even started increasing its regular dividend again, from 2.4% to 21 cents per month. It might not seem like much, but it’s better than most of the rest of the industry has done in the past couple of years. Not to mention, Main Street has a habit of issuing special dividends on excess profits – it quit during the pandemic to keep its regular payment intact, but a return to normal could mean a possible return to that extra money.

The biggest problem is no surprise. Investors tend to flock to the best traders, and this is clearly the case with MAIN stocks, which trade at 1.8 times the company’s net asset value, one of the highest premiums of all. of the sector.

Potential capital (PSEC)
Dividend yield: 9.3%

Prospect Capital (PSEC) is another massive BDC with $ 6.2 billion invested in 124 holding companies. It primarily operates through senior senior and senior loans and mezzanine debt, although it will also invest in products such as secured loan bonds (CLOs), market loans and multi-family real estate. .

Like Main Street, Prospect Capital spreads its investments across a wide range of industries, from energy and healthcare to financial services and food. But it should be noted that there is a fairly significant concentration risk, namely that 20% of the portfolio is invested in National Property REIT, which makes it even more difficult to assess PSEC given that the REIT is essentially its own portfolio of 58 properties. .

With a market capitalization of $ 3 billion, Prospect Capital is one of the few BDCs larger than Main Street. But it’s rarely seen as part of the same category… at least, not by income investors. That’s because PSEC has a pockmarked dividend history that saw BDC cut its monthly payout in 2015 and 2018. This has largely limited long-term stocks.

Is Prospect Capital’s recent outperformance sustainable?

It also means that investors should closely monitor PSEC’s ability to meet its obligations. And for now, it looks like BDC has little room for error. Most estimates for 2021 and 2022 have Prospect Capital’s NII just one or two cents above or below its projected 72 cents per share in annual dividends.

The “A” Squad: Monthly Payers Distribute Returns Over 7%

No monthly payment – even one offering a whopping 9.3% annual income – is worth buying today if you can’t count on it tomorrow.

That’s the catch with so many high yielding stocks, isn’t it?

It performs well … but you can’t count on it.

I love this payment … but the stock is so overpriced.

Luckily, if you’re ready to take action and get your retirement plans in shape right now, my “A” Team has everything investors need, right here and now. No regulations. Certainly no “but”.

My “7% monthly payment portfolio“is an elite set of high-income, high-frequency dividend payers who, at current prices, fall right in the middle of our ideal” buy zone. “And as the name suggests, that 7% dividends are paid to investors every month.

Many of the picks in my “7% Monthly Paid Portfolio” leverage the power of Eddie’s stable holdings to generate not only massive returns, but incredibly aggressive price performance as well. This allows us to do the unthinkable of an income strategy: double our money much faster than traditional blue chip and mutual fund portfolios.

These dividends aren’t just good.

They aren’t just great either.

They are life changing squarely.

If you deposit $ 500,000 – less than half of what most finance gurus suggest you should retire – into this powerful portfolio now, you would start an annual income stream of $ 35,000. That’s over $ 3,000 a month in regular income checks!

The time to enter is now, when you can still buy these names at bargain prices. Click here to get everything you need – names, tickers, full dividend histories and more – instantly!

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Rupifi, Retailio Deal expands Pharma BNPL https://market-dcd.com/rupifi-retailio-deal-expands-pharma-bnpl/ https://market-dcd.com/rupifi-retailio-deal-expands-pharma-bnpl/#respond Thu, 16 Sep 2021 19:42:03 +0000 https://market-dcd.com/rupifi-retailio-deal-expands-pharma-bnpl/ Indian lender FinTech Rupifi has partnered with Retailio to provide credit to its pharmaceutical retailers, the company said Thursday (September 16). Founded in 2020, Rupifi offers flexible buy now, pay later (BNPL) loans to SMEs in B2B markets, currently working with partners in sectors such as fast moving consumer goods, food, pharmaceuticals, fashion, electronics, agriculture […]]]>

Indian lender FinTech Rupifi has partnered with Retailio to provide credit to its pharmaceutical retailers, the company said Thursday (September 16).

Founded in 2020, Rupifi offers flexible buy now, pay later (BNPL) loans to SMEs in B2B markets, currently working with partners in sectors such as fast moving consumer goods, food, pharmaceuticals, fashion, electronics, agriculture and general merchandise.

Easy access to cash has been a major challenge for small essentials category retailers during the pandemic, particularly affecting those in the pharmaceutical and healthcare industries. Rupifi aims to ensure that SME retailers in metros as well as in level 1/2/3 cities have access to digital and real-time credit via its BNPL offer.

Read more: Amex drops support for Samsung Pay in India

Ankit singh, co-founder of Rupifi, said FinTech, established a year ago, has since “created one of the most robust BNPL PME products in the industry”, offering it to thousands of SMEs through of its partners.

The partnership with Retailio, India’s largest B2B healthcare marketplace, is a huge boost for the lending company’s business. Retailio operates in over 100 cities with an extensive network that includes over 1,000 healthcare / pharma companies and over 3,000 pharmaceutical distributors.

See also: India’s IIFI Finance Partners with BNPL FinBox to Advance Credit Offerings

“With Retailio, we aim to help small and medium-sized pharmaceutical companies obtain easy credit for their short-term purchases from distributors in the Retailio network,” Singh said. “We are committed to supporting them with our multi-lender platform, which helps us offer the best rates, maximum coverage and a standardized experience. “

Retailio FinTech Manager Rohit Anand added that the company continuously seeks to provide its ecosystem partners with the tools and services necessary to fuel growth, noting that the partnership with Rupifi will deploy “innovative solutions and structures for our partners”, notably by helping SME retailers to obtain up to 45 days of instant credit for their purchases.

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NEW PYMNTS DATA: TODAY’S SELF-SERVICE PURCHASE JOURNEY – SEPTEMBER 2021

On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.


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Lendio Acquires Laso AI-Based Loan Creation Software to Offer Underwriting Solutions to Lending Institutions https://market-dcd.com/lendio-acquires-laso-ai-based-loan-creation-software-to-offer-underwriting-solutions-to-lending-institutions/ https://market-dcd.com/lendio-acquires-laso-ai-based-loan-creation-software-to-offer-underwriting-solutions-to-lending-institutions/#respond Thu, 16 Sep 2021 13:18:03 +0000 https://market-dcd.com/lendio-acquires-laso-ai-based-loan-creation-software-to-offer-underwriting-solutions-to-lending-institutions/ Financial institutions will have instant access to increased efficiency in SME lending, enabling access to capital for thousands of small businesses across the country. Digital infrastructure solutions will further accelerate Lendio’s growth and position as the nation’s leading provider of financial solutions for small businesses. LEHI, Utah – September 16, 2021 – (Newswire.com) Lendio, the […]]]>

Financial institutions will have instant access to increased efficiency in SME lending, enabling access to capital for thousands of small businesses across the country. Digital infrastructure solutions will further accelerate Lendio’s growth and position as the nation’s leading provider of financial solutions for small businesses.

LEHI, Utah – September 16, 2021 – (Newswire.com)

Lendio, the leading national marketplace for financial solutions for small businesses, today announced the purchase of assets from Laso’s Loan Creation Software (LOS) and proprietary analytics technology, further strengthening its mission to support small and medium enterprises. This will serve as the basis for a revolutionary customer-centric offering for banks, alternative lenders and community development financial institutions (CDFIs) looking for effective and affordable underwriting solutions. Financial institutions that were unable to meet the demand for SBA and small business loans are now able to do so with a fully digital and efficient solution.

After conducting extensive research into the loan technology market, Lendio found that Laso’s capabilities in artificial intelligence, data science, and machine learning were the most advanced solution in technology and data. The new technology will allow Lendio to further expand its small business loan market to thousands of lenders and their clients nationwide. This is the first step in Lendio’s B2B growth strategy – automating loan origination practices to support efficient unsecured loan underwriting, creating access to an innovative lending technology stack for small businesses, and improving lender access to loan origination tools and services. To date, Lendio has facilitated over $ 11.8 billion in financing through more than 300,000 small business loans and has become a trusted advocate for small business owners looking to understand their financing options.

“Last year, when lenders struggled to offer a digital solution to disperse Covid relief funds, the Lendio team quickly stepped in and facilitated PPP loans to over 300 lending institutions that have supported over 60,000 small businesses, ”said Lendio CEO Brock Blake. “The process revealed an increased need for small businesses to have improved access to capital and lending options, as well as a need for banks, lenders and CDFIs to have the appropriate tools to deliver solutions. small business financing. Our acquisition of Laso’s loan creation software is timely and essential to empowering both sides of the funding process. We’ve always been there for the smallest of companies; now we’re also here for even the smallest of lenders as we pursue our vision of providing equal and fair access to capital to small businesses across the country.

In order to deliver the most customer-centric app experience, Lendio leverages advanced machine learning algorithms and data, and proprietary SaaS technology to support SME matching with lenders. appropriate. The company is committed to continuing to partner, nurture and advance all institutions that leverage technology to fuel SME growth and entrepreneurship.

To learn more about Lendio, click on here.

About Lendio
Lendio is the nation’s leading provider of small business finance solutions. With its diverse network of lenders, Lendio enables small business owners to apply for multiple loan products with a single request. To date, Lendio has facilitated over 300,000 small business loans for total funding of over $ 11.8 billion, including $ 9.8 billion in PPP loan approvals as part of the government relief. COVID-19. Lendio is a values-driven organization that strives to provide equal access to capital to underserved communities and America’s smallest businesses. For every new market loan that Lendio facilitates, Lendio Gives – an employee contribution and employer matching fund – provides a microcredit to a low-income entrepreneur around the world. More information about Lendio is available at www.lendio.com.

Press contact: [email protected]

Press Releases Department
through
Newswire.com

Primary source:

Lendio Acquires Laso AI-Based Loan Creation Software to Offer Underwriting Solutions to Lending Institutions


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The negative impacts of COVID renew the concerns of the corresponding lenders https://market-dcd.com/the-negative-impacts-of-covid-renew-the-concerns-of-the-corresponding-lenders/ https://market-dcd.com/the-negative-impacts-of-covid-renew-the-concerns-of-the-corresponding-lenders/#respond Fri, 10 Sep 2021 19:56:00 +0000 https://market-dcd.com/the-negative-impacts-of-covid-renew-the-concerns-of-the-corresponding-lenders/ The pandemic has spawned a new type of matching loan partner that provides a new set of standards. The dust is still settling on the COVID crisis and experts are only now beginning to understand all of the impacts of the pandemic on our industry. “ – Jonathan Grafflin, Channel Executive Correspondent ORANGE, CA, USA, […]]]>

The pandemic has spawned a new type of matching loan partner that provides a new set of standards.

The dust is still settling on the COVID crisis and experts are only now beginning to understand all of the impacts of the pandemic on our industry. “

– Jonathan Grafflin, Channel Executive Correspondent

ORANGE, CA, USA, September 10, 2021 /EINPresswire.com/ – Essex Mortgage announced today that the company’s correspondent division has released a new white paper that analyzes the impact of the COVID pandemic on correspondent lenders and what these lessons learned tell us about the type of lending partner these institutions are currently researching. The document is now available on the company’s website.

“From the start, we set out to create a company that places a high value on education. This has served us very well with mortgage borrowers and with this publication we are extending this service to correspondent lenders, ”said Roland Weedon, President of Essex Mortgage. “The dust is still settling on the COVID crisis and experts are only now beginning to understand all of the impacts of the pandemic on our industry. The story is already pretty clear in the correspondent lending industry and it points to many changes that will help ensure that the difficulties faced by these lenders over the past year will not be repeated in the future. “

In its article, Essex highlights the significant negative impacts related to liquidity and increased lending risk that the COVID health crisis brought to correspondents in March 2020. These negative impacts were more severe for these lenders than for brokers or brokers. direct lenders because the loans had already closed in the Correspondent’s name when the crisis pushed aggregators out of the market.

“Correspondent lenders suddenly found themselves in a very awkward position and without a good source of liquidity,” said Jonathan Grafflin, Channel Executive Correspondent at Essex Mortgage and co-author of the new document. “In light of everything that has happened over the past year, correspondent lenders have a much better idea of ​​what exactly they need in an aggregator. They have thus created a model for a new kind of partner and Essex is proud to bring this concept to life with our new offering.

Grafflin pointed out that new variants of COVID and spikes in infection rates across the country are renewing concerns for clients and potential clients of Essex mortgage correspondents. “I have received numerous calls over the past month helping companies prepare for potential market disruptions, especially with their GNMA origins,” he added.

Ultimately, the authors concluded that the corresponding lenders have raised the bar and have new expectations for any potential partner due to the challenges they faced during COVID. In the newspaper, the company presents the qualities sought by correspondents and details a program specifically designed to meet these new requirements.

To receive a free copy of the new white paper, visit the company online.

About the Essex Mortgage
Founded in 1986, Essex Mortgage was founded on the premise that educating borrowers and empowering clients is the best way to serve and be a trusted advisor. Over the years, this philosophy has helped thousands of families achieve the goal of home ownership. Headquartered in Orange County, Calif., Essex operates a national retail and correspondent platform and is a lead agent for down payment programs nationwide. Essex is a permanent winner of the Orange County Register Top Workplace Award. Discover the company by visiting www.essexmortgage.com Where www.essexcorrespondent.com/media/.

Rick grant
RGA Public Relations
+1 570-497-1026
write us here
Visit us on social networks:
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Apollo Global Management clients acquire up to 50% stake in MaxCap group https://market-dcd.com/apollo-global-management-clients-acquire-up-to-50-stake-in-maxcap-group/ https://market-dcd.com/apollo-global-management-clients-acquire-up-to-50-stake-in-maxcap-group/#respond Tue, 07 Sep 2021 20:10:00 +0000 https://market-dcd.com/apollo-global-management-clients-acquire-up-to-50-stake-in-maxcap-group/ Strategic investment positions MaxCap for continued strong growth Extends Apollo’s Reach to Australasian Markets NEW YORK and MELBOURNE, Australia, September 7, 2021 (GLOBE NEWSWIRE) – Apollo Global Management, Inc. (NYSE: APO), (together with its consolidated subsidiaries, “Apollo”) today announced that clients managed by its subsidiaries have entered into a definitive agreement to acquire up to […]]]>

Strategic investment positions MaxCap for continued strong growth

Extends Apollo’s Reach to Australasian Markets

NEW YORK and MELBOURNE, Australia, September 7, 2021 (GLOBE NEWSWIRE) – Apollo Global Management, Inc. (NYSE: APO), (together with its consolidated subsidiaries, “Apollo”) today announced that clients managed by its subsidiaries have entered into a definitive agreement to acquire up to 50% of the capital of MaxCap Group (“MaxCap” or the “Company”), a leading financier and fund manager of Australasian commercial real estate (“CRE”) .

Created in 2007, MaxCap is ranked n ° 1 in CRE debt* in the Australian market and is headquartered in Melbourne. After the transaction closes, MaxCap co-founders Wayne Lasky and Brae Sokolski will continue to run the company and retain the remaining stakes.

The strategic investment will align MaxCap with one of the world’s leading asset managers and allow the company to continue its rapid growth in Australia and New Zealand. The transaction is expected to strengthen MaxCap’s access to capital and strengthen its ability to create and deliver innovative lending solutions for borrowers alongside Apollo’s leading lending platform. MaxCap hopes to generate significant investment opportunities for its clients and today has a futures pipeline of over A $ 6 billion. Since its founding, the company has a strong track record of performing in more than 450 investments totaling over AU $ 11 billion.

For Apollo and its clients, the investment extends the company’s reach in Australasia – an attractive market with significant growth in lending opportunities. Currently, Apollo is the originator of commercial real estate debt and equity solutions across North America, Europe and Asia, and through this transaction, plans to increase its activity in Australasia.

Wayne Lasky, Co-Founder and Managing Director of MaxCap, said, “We are committed to providing our clients with the highest quality and the broadest range of investment opportunities. This transaction is a key aspect of delivering on our promise to create lasting value for them. We look forward to achieving this by leveraging Apollo’s vast industrial expertise, coupled with the momentous firepower they bring to the table. This will further enable us to deliver compelling solutions for each sector of commercial real estate at every stage of the real estate lifecycle, and we are delighted to partner with such a respected global manager.

Mr. Lasky highlighted how MaxCap has created a market leading platform and built a high quality Australasian team. “This partnership is a watershed moment and a key part of our team’s long-term strategic plan. We now look forward to the next phase of MaxCap’s growth and delivering more customer value with a partner who shares our vision and strategy, ”he said.

Apollo Co-Chairman Scott Kleinman said: “Australia presents significant long-term opportunities for Apollo and we are delighted to strategically partner with MaxCap, a leader in non-bank mortgage lending with an excellent reputation. This is an exciting opportunity to expand our origination capabilities, support the strong leadership team, and together leverage our highly complementary platforms and expertise. “

Philip Mintz, Senior Partner, Real Estate at Apollo, said: “MaxCap is an industry leader and we are delighted to provide capital and strategic support to help accelerate their business and grow our business in Australia. The company’s strong origination track record, market positioning in Australia and New Zealand, and performance have made it a partner of choice for investors and borrowers. Together, we see significant opportunities ahead as the non-bank mortgage market continues to grow in the region. “

Mr. Mintz noted that the Apollo funds’ investment in MaxCap was the latest expansion to its investment origination platforms. It follows a recently announced transaction with Foundation Home Loans, a specialist mortgage lender in the United Kingdom, as well as a strategic agreement with Victory Park Capital in the United States to invest in asset-backed credit facilities for emerging companies. Apollo’s strategy of creating, purchasing and partnering with proprietary origination platforms enhances the company’s ability to seek and structure investments for its insurance and institutional clients.

*World ranking of real estate debt PERE 2021

About the MaxCap Group
MaxCap is recognized as a leading Australian Commercial Real Estate (CRE) investment manager with an unmatched track record of performance on 450 investments over AU $ 11.0 billion, offering full capital and interests since its inception.

With funds currently under management and advice in excess of AU $ 4 billion (as of June 30, 2021), we operate a quality institutional platform recognized as best in class and are the preferred investment manager of many of the largest institutional LPs in Australia and the world. , family offices and high net worth investors. We provide our loyal investors with access to the best CRE investment opportunities in debt and equities and pride ourselves on our reputation as a market leader in creating long-term value. For more information, please visit www.maxcapgroup.com.au.

About Apollo
Apollo is a high growth global alternative asset manager. We seek to provide our clients with excess return at every step of the risk-return spectrum, from investment grade to private equity, by focusing on three business strategies: yield, hybrid and opportunistic. Through our investing activity on our fully integrated platform, we meet the retirement income and financial performance needs of our clients, and we deliver innovative capital solutions to businesses. Our patient, creative and knowledgeable approach to investing aligns our clients, the companies we invest in, our employees, and the communities we impact on, to expand opportunities and drive positive results. As of June 30, 2021, Apollo had approximately $ 472 billion in assets under management. For more information, please visit www.apollo.com.

Apollo Safe Harbor for forward-looking statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, without limitation, discussions related to Apollo’s expectations regarding its business performance, liquidity and capital resources and other non-historical statements in the discussion and analysis. These forward-looking statements are based on the beliefs of management, as well as on the assumptions made by management and on the information currently available to it. When used in this press release, the words “believe”, “anticipate”, “estimate”, “expect”, “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee that these expectations will prove to be correct. These statements are subject to certain risks, uncertainties and assumptions, including those described in the section entitled “Risk Factors” in Apollo’s Annual Report on Form 10-K filed with the SEC on February 19, 2021, and the quarterly report on Form 10-Q. filed with the SEC on May 10, 2021, as these factors may be updated from time to time in Apollo’s periodic files with the SEC, which are available on the SEC’s website at www. sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other caveats included in this press release and other documents. Apollo does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer from any Apollo Fund.

Apollo Contacts

For investors:

Noah gunn
Global Head of Investor Relations
Global management of Apollo, Inc.
(212) 822-0540
IR@apollo.com

For the media:

Jeanne Rose
Global Head of Corporate Communications
Global management of Apollo, Inc.
(212) 822-0491
Communications@apollo.com

MaxCap contacts

Fidelma ryan
Marketing director
MaxCap Group
+61 414 462 515
Fidelma.ryan@maxcapgroup.com.au

Marjorie johnston
Wordmakers
+61 0407 329 430


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What is the loan between individuals? Here are 5 things to know https://market-dcd.com/what-is-the-loan-between-individuals-here-are-5-things-to-know/ https://market-dcd.com/what-is-the-loan-between-individuals-here-are-5-things-to-know/#respond Mon, 06 Sep 2021 01:00:00 +0000 https://market-dcd.com/what-is-the-loan-between-individuals-here-are-5-things-to-know/ The P2P lending arena continues to expand with new players like Cred and BharatPe entering the fray. Here are the five critical points of this new field. 1. How do P2P platforms work and what do they offer? Peer-to-peer lending is a mechanism that connects individuals in need of credit with other loans to lend. […]]]>
The P2P lending arena continues to expand with new players like Cred and BharatPe entering the fray. Here are the five critical points of this new field.

1. How do P2P platforms work and what do they offer?

Peer-to-peer lending is a mechanism that connects individuals in need of credit with other loans to lend. The platforms act purely as an intermediary or a market that connects borrowers and lenders. You can register as a borrower or lender on any platform after going through a verification process by providing the relevant details. As part of the process, borrowers will be required to undergo a risk assessment and pay a flat registration fee. Once registered, investors can contact listed borrowers and vice versa. Some P2P platforms will automatically make loan offers to borrowers who match your loan criteria on your behalf, while others will ask you to do so manually.

All proposals are accepted on a first come, first served basis. The interest rate usually ranges from 10% to 28% and the loan term can range from 3 months to 36 months. Once an agreement is made between the borrower and the lender, a legally binding contract is signed by them digitally. The loan amount is then transferred to the borrower’s account and the borrower makes periodic repayments through EMI over the stipulated period. If a borrower does not pay an IME within a stipulated time frame, a penalty is imposed on the borrower and is payable directly to the lender.

2. How are borrowers rated?

P2P platforms do not assess borrowers on the basis of a credit score. These perform their own set of checks to assess creditworthiness. Besides the usual checks regarding employment, income, credit history, etc., these rely heavily on technology to capture the personal habits of borrowers by tracking social media activity, usage of applications, among others. Based on the details entered, borrowers are usually assigned different risk brackets based on their creditworthiness. This serves as the basis for determining the amount and duration of loan eligibility, the interest rate payable, etc. Some platforms offer borrowers the option of selecting a loan according to the assigned risk category and paying the predetermined interest rate or asking potential lenders to bid on suitable interest rate.

3. Are these platforms regulated?

All P2P platforms fall under RBI regulations. All players must register to obtain an NBFC-P2P license to provide P2P lending services. The regulations cover the scope of activity of P2P platforms and prescribe certain prudential standards to be followed by them. Under the rules, no borrower is allowed to borrow more than 10 lakh at any time, on any P2P platform. Similarly, a lender can not at any time set up more than Rs 50 lakh on these platforms. In addition, the exposure of a lender to the same borrower, on all P2P, cannot exceed Rs 50,000. No loan can be sanctioned for an occupation period beyond 36 months. No loan can be disbursed unless the individual lender has approved the loan recipients and all affected participants have signed the loan agreement.

4. What is the level of risk for lenders?

These platforms are mainly used by individuals who do not meet the loan criteria prescribed by traditional lenders. The security of your principal depends in part on the risk assessment capabilities of the P2P platform. Also, the loans are unsecured by nature. Considering the nature of the loans and the profile of the borrowers, a great risk is the non-repayment of the loan by the borrower. The platforms do not guarantee the full repayment of the principal or the interest thereon. In the event of a default, the platforms assist with the collection and filing of legal notices, but cannot guarantee a positive outcome.

To be safe, the P2P platform is required to disclose all the details about the borrower including personal identity, amount required, interest rate sought and credit rating assessed by it. At the same time, the personal identity and contact details of the lender remain confidential. Under the rules, the P2P platform is not allowed to hold the funds invested by the lender or repaid by the borrower. These funds must be held in an escrow account, so that the platform itself has no access to the money.

5. What can lenders do to mitigate risk?

Do not blindly rely on the interest rate offered. Carefully review borrower profiles before approving a loan. At the same time, do not fully rely on the risk assessment of the P2P platform. For this reason, do not limit your exposure to a single borrower. Spread your expenses over several borrowers to reduce the impact of defaulting a few. Continuously monitor the borrower’s risk profile.


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Modern card collecting goes high tech with fractional ownership, secure safes and an online marketplace https://market-dcd.com/modern-card-collecting-goes-high-tech-with-fractional-ownership-secure-safes-and-an-online-marketplace/ https://market-dcd.com/modern-card-collecting-goes-high-tech-with-fractional-ownership-secure-safes-and-an-online-marketplace/#respond Fri, 03 Sep 2021 18:37:18 +0000 https://market-dcd.com/modern-card-collecting-goes-high-tech-with-fractional-ownership-secure-safes-and-an-online-marketplace/ “We have a bunch of people buying and selling cards on our platform like they do on eBay, except they don’t take possession of it and they can figure it out because they know there is has a card at the end of the day and if they need it, they can click ‘ship to […]]]>

“We have a bunch of people buying and selling cards on our platform like they do on eBay, except they don’t take possession of it and they can figure it out because they know there is has a card at the end of the day and if they need it, they can click ‘ship to me’ and they can get the card, ”said Leore Avidar, Founder and CEO of Alt. you get Gen Z and even millennials going, “You know what, I don’t need the physical thing, I just want to be able to trade the rights to it anytime.”

Serious or casual, collectors can ship their cards to Alt, where depending on the service you want to pay for, the cards can be shipped to be filed, scanned, and brought to market, which, because the actual safe of Alt is located in Delaware, without sales tax, removes this layer of commerce.

There is a parallel in Alt’s system with NFTs (non-fungible tokens, a digital asset secured by cryptography) in that the transfer of ownership takes place virtually, with the card remaining in the safe when the sale is made. .

Eventually, Avidar said, Alt will switch to blockchain technology that supports NFTs, but there will be a real card at Alt.

“Anytime someone who has an NFT can come to Alt and say, ‘Hey, I have the NFT for that Michael Jordan card’, and we’ll actually send it to you and you can actually trade the physical asset. at any point in time, it combines the physical and digital world in a very different way, ”said Avidar.

Then there’s Alt Lending, which is Alt’s move to turn collectibles into an asset class that’s just as good to borrow as any other.

“We don’t use the word bank, but if you can imagine, if you have something of value like a stock or a property, you can go to a bank and get a loan,” Avidar said. “But imagine if you have a very valuable Charizard (Pokémon card) or Michael Jordan, how can you get a mortgage with that?” That’s what Alt is really here for, to give you the resources and tools like a bank does, but for the assets the world is moving towards.

Maybe your card collection contains more Mike Greenwells than Mike Trout and your financial means mean you can’t even consider owning a new Trout, Jordan, LeBron James card or a vintage Mickey Mantle or Honus Wagner card. with a high price.

A service such as Rally or Collectable allows you to bid on fractional ownership shares of these rarities.

As the value of the card increases or decreases, the value of your share also increases.

It’s similar to the stock market, where stock owners don’t actually have their stocks in their hands (or their sock drawers).

The thrill of contemplating your own cards held in your own hands or printing your eBay shipping label cannot be duplicated.

Nor can it be imposed on the next generation of collectors.


Michael Silverman can be contacted at michael.silverman@globe.com. Follow him on Twitter: @MikeSilvermanBB.



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Burns & Levinson Hosts Fifth Annual State of the Cannabis Industry Conference on September 28, 2021 https://market-dcd.com/burns-levinson-hosts-fifth-annual-state-of-the-cannabis-industry-conference-on-september-28-2021/ https://market-dcd.com/burns-levinson-hosts-fifth-annual-state-of-the-cannabis-industry-conference-on-september-28-2021/#respond Tue, 31 Aug 2021 19:05:00 +0000 https://market-dcd.com/burns-levinson-hosts-fifth-annual-state-of-the-cannabis-industry-conference-on-september-28-2021/ BOSTON, August 31, 2021 / PRNewswire / – Burns & Levinson will host its fifth annual State of the Cannabis Industry conference, which will focus on critical issues in the multi-billion dollar cannabis industry, the September 28, 2021, of 9:30 a.m. to 5:30 p.m. ET. The conference will be held in person at Westin Waltham […]]]>

BOSTON, August 31, 2021 / PRNewswire / – Burns & Levinson will host its fifth annual State of the Cannabis Industry conference, which will focus on critical issues in the multi-billion dollar cannabis industry, the September 28, 2021, of 9:30 a.m. to 5:30 p.m. ET. The conference will be held in person at Westin Waltham Boston, and all participants, speakers and staff must provide proof of vaccination. A live streaming option will also be available.

Burns & Levinson Logo (PRNewsfoto / Burns & Levinson LLP)

The conference will include an interview with the Commissioner Steven hoffmann, Chairman of the Massachusetts Cannabis Control Commission, in an exclusive question-and-answer session with Frank A. Segall, Founder and Chairman of the Cannabis Business & Law Advisory Group at Burns & Levinson. Expert panels and question-and-answer sessions will address a wide range of issues impacting the cannabis industry, including regulatory and legislative issues, capital markets, mergers and acquisitions and investments, strategies and e-commerce opportunities, and market trends and developments.

“When we launched our conference five years ago, it was the first event of its kind with a special focus on showcasing pioneers in the cannabis industry and sharing their experiences and expertise with our audience. It has since grown to attract industry leaders from all segments of the cannabis industry, including the major sources of capital market that help fuel its growth. The conference has developed into a forum and a premier networking event, and we are delighted and honored to be viewed by our industry peers as one of the nation’s leading companies at the forefront of what is to come, ” said Segall.

“We love bringing people together at this conference to make connections, develop partnerships and learn from their peers and industry leaders. We especially look forward to meeting safely in person, having all been virtual l ‘last year, “added Scott Moskol, who founded and chairs Burns & Levinson’s Cannabis Law and Business Advisory Group with Segall.

Current conference sponsors are: CohnReznick, HUB International, Cannabis Co-Op Fund LP, KreditForce, KindTap, Opus Consulting, Douglas Wash and disinfection systems, Emerald Media Group, Needham Bank, AdaptiveHR, Agrify, Elevate Northeast, FlowerHire, Lighthouse Biz Solutions, LLC, and Young America Capital.

Burns & Levinson was the first major Boston business law firm to develop a cannabis-related business practice and has been advising cannabis companies, entrepreneurs and investors across the country for nearly a decade. The company has unparalleled experience in starting a business and structuring a business in the field of cannabis and hemp / CBD, private placements, venture capital, mergers and acquisitions, securities, issues banking, fund formation, debt and equity financing, restructuring and turnarounds, real estate acquisitions and leasing, intellectual property protection, 280E taxation issues and cannabis litigation.

The company is well known for its role in the cannabis banking industry and has worked with several financial institutions to establish a framework that allows them to accept deposits derived from cannabis. Burns & Levinson is currently working with regulated financial institutions and unregulated private funds to set up one-of-a-kind cannabis loan programs. The firm is also among the best law firms in the country when it comes to mergers and acquisitions and corporate transactions and high-profile financing in the private and public markets of the cannabis market.

For more information about the conference and to register, click here. For more information on sponsorship opportunities, please contact Kristen weller To kweller@burnslev.com.

About Burns & Levinson LLP

At Burns & Levinson, we provide high caliber, client-centric and results-oriented legal services to our regional, national and international clients. We are a full service law firm with over 125 lawyers in Boston, Providence and London. Our areas of expertise include: business / finance, commercial litigation, cannabis, divorce / family law, venture capital / emerging companies, employment, estate planning, government investigations, intellectual property, mergers and acquisitions / private equity, litigation in probate / trust and real estate. We partner with our clients to resolve their professional and personal legal issues in a collaborative, creative and cost-effective manner. For more information, visit Burns & Levinson at www.burnslev.com. Our blog on the cannabis industry can be found at www.cannabusinessadvisory.com.

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Everything you need to know about the booming upstate New York real estate market https://market-dcd.com/everything-you-need-to-know-about-the-booming-upstate-new-york-real-estate-market/ https://market-dcd.com/everything-you-need-to-know-about-the-booming-upstate-new-york-real-estate-market/#respond Fri, 27 Aug 2021 18:47:00 +0000 https://market-dcd.com/everything-you-need-to-know-about-the-booming-upstate-new-york-real-estate-market/ This article is reproduced with permission from The escape house, a newsletter for secondary owners and those who want to be. Subscribe here. © 2021. All rights reserved. Living outside of major US cities has become expensive but potentially lucrative for buyers and sellers. One of the hottest real estate markets in the United States […]]]>

This article is reproduced with permission from The escape house, a newsletter for secondary owners and those who want to be. Subscribe here. © 2021. All rights reserved.

Living outside of major US cities has become expensive but potentially lucrative for buyers and sellers. One of the hottest real estate markets in the United States right now is upstate New York, which is loosely defined as the cities and suburbs north of the New York metropolitan area. Low mortgage rates and people wanting to flee big cities for quieter, less crowded towns and neighborhoods have contributed to the boom.

The whole country has seen a real estate resurgence, with 94% of metropolitan areas experiencing double-digit growth in the second quarter of 2021, according to the National Association of Realtors (NAR). The median selling price of existing single-family homes in the United States rose 22.9% to $ 357,900, an increase of $ 66,800 from a year ago.

New York City has long had some of the highest real estate prices. As the city recovers from the pandemic, many people are looking to escape to more rural areas of the state. Here’s what you might end up paying for some of the most popular cities in upstate New York:

From the second quarter of 2020 to the second quarter of this year, Kingston saw a 22.5% increase in the median price of existing single-family homes to $ 338,300, the NAR reported. Glens Falls saw an 18.2% jump from the median price to $ 232,900. Elmira saw a 10.4% increase to $ 141,800.

The Escape Home spoke with realtors in upstate New York to find out what it was like to buy and sell a property during all the madness. Here’s what they had to say:

Mary Lou Pinckney, Director of Corporate Relocation for Select Sotheby’s International Realty

Q: What is the life of a real estate agent like in upstate New York like now compared to before the pandemic?

A: Life as a real estate agent in upstate New York is both very lucrative and challenging. Before the pandemic, we had a large stock and the price was right. Since the pandemic, residents of the tri-state area – New York City, Connecticut, New Jersey – have flooded the Adirondacks and the Finger Lakes, wanting space, property as well as square footage. They worked and continue to work remotely and just love it.

Our markets – Saratoga Springs, Hudson, Adirondacks, Finger Lakes – have exploded so much because they were discovered. People fleeing the city have come north and found a tremendous quality of life with vibrant small towns with a lot to offer in terms of restaurants and art.

Q: What are the most active markets right now and what types of housing are people looking for?

A: The hottest cities are Hudson, Saratoga Springs, Bolton Landing, Lake Placid, and the Finger Lakes in central New York City. People are looking for open-plan homes that have a separate and quiet space for home offices, spaces for home gyms, Pelotons, etc., pools, outdoor patios, and three to four season porches. Many are looking for properties by the water or by bike, within walking distance of town.

Q: Do you see more bidding wars?

A: There are definitely bidding wars. Houses stay on the market from 24 hours to a week. I have seen the prices climb to over $ 100,000 from the asking price.

I missed at least four offers because the sellers accepted higher prices or better terms or both. For example, [buyers] forgo inspections or pay cash to evade a bank valuation.

Q: What’s the most expensive property you’ve sold recently?

A: The most expensive house I just closed was $ 3 million. We had a lot of interested parties, but the couple who bought it acted quickly, not to get into a competitive bidding situation, and they put a really big down payment with the contract.

Q: Do you see more foreign buyers?

A: We have had foreign buyers. However, they were from New York and Connecticut.

Q: Do you still hold open houses?

A: Open doors are non-existent. I think you will see less and less. People are always afraid of being in spaces that they are not sure are “safe”. We are not yet out of this pandemic, in my opinion.

Q: Do you think that sellers were pricing houses too high and buyers were willing to pay too much?

A: Yes, the sellers were pricing houses too high, and if the location was right, people were definitely paying too much. I had an ad that had multiple offers and sold way beyond demand as the location was great but the house needed a lot of work. Location is a determining factor and if the square footage is there, buyers are willing to spend more on purchase price and more on updating homes.

Q: What is your best advice to people trying to buy in this market?

A: The best advice is to hire a professional broker / agent who seriously listens to your needs and your price, who will be willing to go the extra mile and network and be proactive in finding you that special home.

Timothy Sweeney, President of Hudson Valley Catskill Region Multiple Listing Service and Owner of Berkshire Hathaway Home Services Nutshell Realty

Q: How does the upstate New York real estate market look like compared to pre-pandemic levels?

A: The market we know now is similar to what happened after [the] Terrorist attacks of September 11. When September 11 happened in 2001, a wave of buyers from the New York metropolitan area flocked to the central Hudson Valley. At that time, the average selling price in Ulster County was $ 218,000. Six years later, mainly due to the migration of buyers from the New York subway, the average selling price has reached $ 303,000. The mortgage crisis of 2008 caused homes to depreciate by about 25%. When Covid-19 hit, the market had fully recovered to reach $ 300,000 plus the average selling price. The big difference between the market driven by 9/11 and the post-Covid-19 market is that the 9/11 buyer typically bought a second or weekend home. A large portion of post-Covid-19 buyers have purchased a full-time residence. The ability to work remotely has been a game-changer for real estate in the upstate market.

Q: Do you see continued low housing supply and continued price appreciation?

A: Significant development in the majority of communities in our region is not viewed favorably. When combined with the difficulty and cost of navigating planning council approvals, we will most likely see a continuation of the low inventory of existing homes. As long as this continues, home prices will experience some level of appreciation.

Q: Do you see multiple offers in your properties?

A: We are seeing many multiple offer situations. In fact, multiple offers are more the norm these days. There are also a huge number of cash buyers in the market.

Q: Is there still a need for open days?

A: Open days in our market are very rare due to the rural nature of our region. Plus, with such a hot market, open doors aren’t really necessary. New listings, if priced right, sell out within days.

Joan Roberts, Associate Real Estate Broker at Coldwell Banker Timberland Properties who focuses on the Catskills Mountains, Ulster County and other areas of New York

Q: How has the Catskills market changed since the start of the pandemic?

A: [It is always] busy in our Catskills region, but the pandemic has brought two to three times as much business. Most of Brooklyn, Manhattan, Long Island and northern New Jersey. But Brooklyn is definitely the winner. It hasn’t really calmed down yet and now we’re gearing up for another wave.

Q: What caused this real estate boom?

A: Fear of being among too large a population and realizing that they can get away from city life in two to three hours. Many of our residents work from home and many areas of the Catskills now have all the necessary amenities: Internet, WiFi, cell service. In addition, we offer many recreational activities: Skiing. [There are] five major ski slopes in this region alone. Swimming, golf, hiking, boating, kayaking.

Q: What are the hottest cities / markets in upstate New York right now?

A: Most of Ulster County has been a hot spot, even before the pandemic. Cities like Woodstock, New York and Kingston have experienced tremendous growth. But the Middle / Western Catskills have also become very popular. The Margaretville / Roxbury areas have developed and become a tourist mecca. Home sales have led this trend and townhouse sales are finding the same popularity. There are fabulous gourmet restaurants in the Catskills, as well as delicious organic, vegan and trendy places.

Q: What are the most popular types of properties?

A: All types of homes, from cabins to log cabins. Most want at least an acre or 10. And then there are those who prefer a townhouse community where there is great amenities and full maintenance. These all sold out very quickly. In Roxbury Run Village, a townhouse community in Roxbury, NY, there are 120 units and typically 10% have been for sale at some point. We went through the inventory available during the pandemic and now maybe there was one on the market. And they sell out really fast, for cash and involving bidding wars and escalation clauses.

Q: Do properties receive multiple offers?

A: There are certainly bidding wars, many of which exceed current property values.

Q: What is your best advice for home buyers?

A: The best advice is to do your homework to find out what you want. Then get pre-approved by a credit institution or your personal investments. People are looking for quick closings. The best deals are the cash deals – no mortgage, no inspection, no appraisal. Clean and fast.

This article is reproduced with permission from The escape house, a newsletter for secondary owners and those who want to be. Subscribe here. © 2021. All rights reserved.


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7 Fintech ETFs to buy now https://market-dcd.com/7-fintech-etfs-to-buy-now/ https://market-dcd.com/7-fintech-etfs-to-buy-now/#respond Tue, 24 Aug 2021 21:25:01 +0000 https://market-dcd.com/7-fintech-etfs-to-buy-now/ Financial technology is changing. The growth of mobile payments and e-commerce is only part of the development of financial technology, or fintech, and its impact on the global banking system. From cryptocurrencies to risk management artificial intelligence to crowdfunding, things are changing for finance in the 21st century. If you are looking to invest in […]]]>

Financial technology is changing.

The growth of mobile payments and e-commerce is only part of the development of financial technology, or fintech, and its impact on the global banking system. From cryptocurrencies to risk management artificial intelligence to crowdfunding, things are changing for finance in the 21st century. If you are looking to invest in these trends, choosing individual stocks can take a lot of research and, in many cases, a lot of risk. Another option: exchange-traded funds, or ETFs, which offer a simple and diversified way to invest in the fintech revolution. Here are seven fintech ETFs to consider.

ETF Global X FinTech (symbol: FINX)

This Fintech Global X ETF is one of the oldest and most established on the list. Market players interested in accessing an investment with potential for high increase, showcasing innovative technologies transforming financial services, should look to FINX. With over $ 1.3 billion in assets and over five years in the public market, FINX is a legitimate ETF with a clear interest behind it. The fund owns more than 50 of the world’s biggest names in fintech. This fund’s tactic is to invest money in companies “at the cutting edge of the emerging fintech sector,” according to Global X’s fund summary. This means that the ETF’s primary stake is Adyen, a Unique Dutch global payments platform that allows businesses to accept online payments on any device. PayPal Holdings Inc. (PYPL), Coinbase Global Inc. (PIECE OF MONEY) and Afterpay Ltd. are among the top 10 holdings of the fund. These are all companies that represent major fintech themes, including mobile payments, peer-to-peer and market lending, and blockchain.

ETF Ark Fintech Innovation (ARKF)

The Ark ETF family offers investors unique offerings focused on disruptive technology and growth areas, from biotech stocks to autonomous vehicles. ARKF is the fintech offer, launched in early 2019 and providing exposure to companies in mobile payments as well as digital wallets and blockchain Technology. ARKF offers exposure to a diversified fund that owns risky but state-of-the-art companies in different markets. This Ark fund is an actively managed fund with an expense ratio of 0.75% and net assets worth $ 4 billion. The fund owns more than 40 fintech companies, both foreign and domestic, that provide products or services that have the potential to change the fintech landscape, offering the potential for high capital growth potential. Its # 1 position is Square Inc. fintech payments (SQ), and the fund owns a handful of digital retail games, including Canadian e-commerce giant Shopify Inc. (STORE).

ETFMG Prime Mobile Payments ETF (I PAY)

Mobile payments are a big part of the potential that many see in fintech. Just like the the digital age enabled investors to easily access information on the go, smartphones also allow them to transact anywhere on the planet. These transactions can take place without cash, and some can be more secure than a physical credit card. The ETF ETFMG Prime Mobile Payments seeks to match the performance of the Prime Mobile Payments index, a benchmark for the mobile and electronic payments industry. IPAY is a pure game on this corner of the fintech, with PayPal and Square as well as big dogs such as Visa Inc. (V) and smaller players such as PaySign Inc. (PAID). The fund is one of the first ETFs to target the mobile payments industry. It has over $ 1.2 billion in assets under management, making it one of the largest funds dedicated to fintech.

Ecofin fund for digital payment infrastructures (TPAY)

A smaller and newer entrant with total net assets of $ 14 million, TPAY is also a variant of digital payments, but one that focuses on the infrastructure required for 21st century transactions rather than trying to select the ones. actions that deal the most in volume. Over 50% of TPAY’s revenue comes from processing electronic transactions. Consider one of the fund’s top holdings, Fiserv Inc. (FISV), which provides risk management, compliance and technological services to banks. Or look for another credit, DocuSign Inc. (DOCU), which provides security and verification services. Rather than building up an installed user base with a payments app or requesting billions of linked accounts, these companies see the banks themselves as customers – not consumers – and add an interesting twist to the trend of digital payments. A defining characteristic of Ecofin is that it focuses on sustainable investments by combining ecology and finance with the aim of having a positive impact on society.

SPDR ETF of the selected industry sector (XLI)

XLI seeks to match the performance and composition of its benchmark, the Industrial Select Sector Index, one of the main economic segments of the S&P 500. As fintech developments such as blockchain and artificial intelligence play a larger role Important in the industrial sector, these companies will become more efficient by streamlining operations, increasing productivity, improving supply chain management and making other improvements. This fund is therefore a way of betting on the efficiency effects that fintech can bring to other industries. XLI has performed in line with its benchmark since its inception in 1998 and has a cumulative return of approximately 17% in 2021. Some of its holdings include leading names such as Honeywell International Inc. (HON), Raytheon Technologies Corp. (RTX), Boeing Co. (BA) and Caterpillar Inc. (CAT).

Vanguard Growth ETF (VUG)

Investors who want access to high growth but low cost securities can turn to VUG. Many companies in this fund are transforming their industries using fintech innovations, so this is another way to bet on the fintech ripple effect. This growth ETF also has the lowest expense ratio on the list at 0.04%. The fund is suitable for a long-term investor taking a passive approach to investing as it includes some of the biggest growth names in its portfolio. It also offers some diversification as the fund only devotes 48% to technology, with the other half allocated to a variety of sectors of the equity market. Some of the top holdings of the fund include Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Facebook Inc. (FB), Tesla Inc. (TSLA) and Nvidia Corp. (NVDA), among many other Big Tech names.

IShares US Financial Services ETF (IYG)

This fund is intended for investors who wish to gain exposure to the financial services sector. With an expense ratio of 0.42%, IYG integrates huge fintech incubators within some of the largest financial firms, including Goldman Sachs Group Inc. (SG) and financial services companies like American Express Co. (AXP). IYG offers an easy way to invest in the internal efforts of these big players. Not only are these efforts well funded, but they can also be easily supplemented with significant acquisitions that strengthen the dominance of these major financial players.

Fintech ETF to buy now:

– ETF Global X FinTech (FINX)

– Ark Fintech Innovation ETF (ARKF)

– ETFMG Prime Mobile Payments ETF (I PAY)

– Ecofin fund for digital payment infrastructures (TPAY)

– SPDR Fund for the selected industrial sector (XLI)

– Vanguard Growth ETF (VUG)

– iShares US Financial Services ETF (IYG)


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