Fintech
Nightfood: Go Ahead; Snack Before Bedtime
Disruptive snack startup gives late-night eaters – and investors – a healthy alternative
Takeaways
- Nightfood is pioneering the new food segment of healthy foods for late-night snackers
- Its premiere product is a lower-sugar, lower-fat ice cream branded Sleep-Friendly, which is already available in 2,000 grocery stores throughout the U.S.
- After a recent private equity placement, Nightfood is debt-free and had $1.4 million in dry powder
New York, New York–(Newsfile Corp. – July 13, 2021) – PCG Digital — It’s old, familiar, dependable advice: Don’t eat right before bed. It’s also not necessarily true. Pigging out before bed is a bad idea because it can lead to weight gain, disrupted sleep and a bunch of other issues. But according to Healthline, a light, protein-packed nibble – especially if you’re legitimately hungry – might be the best thing for you.
Even so, a Harris Poll online survey found that more than half of those snacking at night associated their behavior with guilt and unhealthiness. They likely don’t even know that there might be an ideal, healthful-yet-satisfying snack. Many people won’t even know what it is their bodies are telling them they need to settle into restful, restorative sleep, according to sleep coach Sanchita Sen. Late-night junk food could just give you heartburn, but is it really nuts, berries and avocado toast you’re craving?
All this presents the market vacuum identified by Nightfood (OTCQB: NGTF). After 11 years in business – six as a public company – it plans to parlay the success of its ice cream into a broad-based category in which it Nightfood would have a first-mover advantage.
In addition to low fat and sugar contents, Nightfood’s nine flavors of ice cream also offers casein protein and prebiotic fiber to promote sleep and recovery. It has proven healthful enough to be chosen as the official ice cream of the American Pregnancy Association.
Nightfood has already gotten it into freezers at Walmart, Albertsons, Kroger and other grocers – nearly 2,000 outlets throughout the U.S.
Growth market
Of course, there’s more to late-night snacking than ice cream – although that’s as good a place as any to start. Nightfood estimates that Americans – eight out of ten of them – spend $50 billion annually on after-dinner snacks. The growth-stage company expects that to grow in the wake of the pandemic shutdown, as long-established sleep rhythms have neither settled into a new normal nor reverted to the old normal.
Nightfood, based in Tarrytown, N.Y., closed a $4.5 million round of Reg D financing in April. After retiring all debt and convertible notes, this left Nightfood with more than $1.4 million in cash for strategic opportunities. This provides some dry powder to enable the company to develop or acquire new product lines beyond the current ice cream offerings.
Meanwhile, Nightfood is trying out new distribution channels as well as new products. A pilot program is currently underway offering the company’s ice cream in the lobby shops of a global hotel group.
This awareness of market forces could be crucial to the company’s ability to thrive in the competitive food products industry. Its mega-caps are investing in their own late-night lines, which just tells the company’s executive team that they’re onto something.
“I take validation in PepsiCo launching their Driftwell sleep-supporting beverage,” CEO Sean Folkson told shareholders, “and by Unilever, the world’s largest ice cream company, launching a year-long research study to understand how sleep quality can be improved through diet and nutrition.”
Even before these conglomerates expressed any interest in this niche, though, he brought on board Dr. Michael Breus, a renowned sleep psychologist and now the company’s scientific advisor.
Just desserts
Nightfood has had a persistent issue with profitability and cash flow from operations. This has led to volatility in its share price, currently around $0.27 with a $21 million market cap. Still, even before April’s cash infusion, NGTF was rebounding off a trough. That likely had to do with improvement in fundamentals.
Folkson’s team had found ways to increase revenues by 28.7% last fiscal year, compared with the industry average 1.1%. Nightfood also cut SG&A expenses by almost one-third.
Has the company rebounded? Will Nightfood feast while its competitors sleep? The company is committed to improving the eating habits, sleeping habits and overall health of all late-night noshers everywhere. All it requires is a public with an appetite for nutritious bedtime snacks – and investors with an appetite for a little risk.
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As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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