FanVestor, the first of its kind fan-engagement marketplace to enable fan-sourced fundraising for sports, music, and entertainment celebrity brands, announced that it has been selected as the winner of the “Crowdfunding Innovation Award” in the 2020 FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
FanVestor is the first of its kind fan engagement marketplace, enabling fans to become equity partners with their favorite celebrity brands in the sports, entertainment and media industries.
“In short,” Chief Executive Officer (“CEO”) Michael Golomb says, “we have developed robust technology that will be used to facilitate bona fide securities offerings in a 1 Trillion Dollar market. Our technology will permit qualified retail investors to participate in institutional quality funding opportunities in the sports and entertainment sector to enable the management of commercially oriented fan engagement marketplaces for celebrity Brands. Our business model creates heightened engagement among fans, talent and sports franchises, introduces new investment opportunities for professionally managed capital markets and allows us to unlock the potential of our technology assets. We have an experienced management team of seasoned entrepreneurs, technologists and advisors with numerous key industry partnerships.”
Celebrity brands, film studios, sports and music stars can now raise capital utilizing SEC compliant financial instruments (with associated perks for fans) for any number of projects, whether it be for a new celebrity clothing line, a new concert tour, or an album. Fans now have the ability to be an investment partner with their favorite celebrity and reap the rewards.
“FanVestor is completely redefining what it means to be a fan,” said Founder and CEO, Michael Golomb. “Imagine if you could partner with your favorite celebrity or professional athlete. What if you could be a part owner in your favorite sports team or music group? Have access to limited perks and experiences from your favorite star? Now you can. With our patented technology, our platform provides access to exclusive brand projects like never before. We are absolutely thrilled to receive this industry recognition from FinTech Breakthrough for our innovative approach to a combined fan engagement and investment experience.”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2020 FinTech Breakthrough Award program attracted more than 3,750 nominations from across the globe.
“FanVestor embodies the spirit of the FinTech Breakthrough Awards with a completely new market approach, with compelling new technology that provides fans at all economic levels an opportunity to financially participate in their favorite brand’s projects,” said James Johnson, Managing Director of FinTech Breakthrough. “This platform is truly a first-of-its-kind to provide SEC compliant equity capital raises and takes the crowdfunding model to the next level. We are proud to recognize the Company with our 2020 FinTech Breakthrough ‘Crowdfunding Innovation Award.'”
In addition to crowdfunding, FanVestor allows fans to participate in exclusive opportunities such as music tours, albums, charitable events, movie productions, new TV shows, sports stadiums, and many more limited events. The FanVestor platform is a commercially viable and institutionally credible fin-tech platform, utilizing the latest Distributed Ledger Technology (“DLT”), Machine Learning, and Big Data technologies.
Traditional capital markets, like Nasdaq and NYSE, have long provided companies with capital for projects and liquidity for investors. FanVestor provides new routes for accessing the potential value in underserved markets.