Banking and Payments

Cash will be the life flow of your business. Getting it, keeping track of it, expending it. Yet getting a bank account when you are a business that deals with gambling is no easy task. Below we outline the hoops you might find yourselves having to jump through. Our advice - be prepared!
Banking and Payments

Nothing Ventured – How VCs Work

The process of venture capital is worth understanding for any start-up. There are courses run by the British Venture Capital Association (BVCA) and business schools as well as a plethora of books on the subject. The principles of venture capital apply to all of the equity fundraising options, but the core principle is that a VC offers one or two rounds of funding, typically after friends and family and either crowdfunding, an angel, an SEIS fund or an incubator. The VC looks to break the model down into rounds which include objectives that will increase the value of the business to allow the next round to be carried out at a higher valuation to ensure that the risk in each round is correctly rewarded.

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Banking and Payments articles from GamCrowd

What’s happening in Fintech?

What’s happening in Fintech?

Dwolla is an online payment network that deals largely with ACH payments, enabling its clients to power bank transfers within their own online platform. The CFPB said that as of may 2015 the company had collected various pieces of personal data, including social security numbers and bank account details and passwords, of over 650,000 customers. Read more...

Wray Throws A Fintech Curve-Ball

Wray Throws A Fintech Curve-Ball

Betfair co-founder and now serial start-up investor Ed Wray has put his name to a new fintech start-up called Curve which has recently secured £1.4m in seed funding. Curve is very secretive about exactly what form its final product will take the shape of, but its website promises it will be a replacement for retail banking cards. The company says it has released its first beta version and is now welcoming test users.Read more...

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