From Accepting Money to Making Money
Clubhouse, the social audio app that enables users to listen and speak to each other in real time, has 2 million weekly active users but has not generated any revenue yet. They partnered with Stripe to enable listeners to tip creators, but Clubhouse will not take a cut. Well, if partnering with a fintech company isn't a part of the revenue model yet, how else can Clubhouse finally monetize their service? Here are my thoughts.
Examining the Partnership Between Music and Fintech
Square, a payments technology company, acquired Tidal, a global music streaming service, for almost $300M. In a tweet, Square’s founder stated that “it comes down to a simple idea: finding new ways for artists to support their work.” As artists get paid from earning streaming royalties, performing and selling merchandise, this partnership can go in multiple directions. Here are my ideas.
Democratizing Wall Street
Social media has opened the door into a financial world that many knew existed but few actually understood. Although the power of social media is evident, it was still a shock to see a stock trading community on Reddit disrupt the financial market using a trading app, Robinhood. Interestingly enough, this heightened interest in trading benefited not only Robinhood but also its competitor, Public.com.
4 Fintech Trends to Expect in 2021
Political unrest, a deadly virus, and soaring unemployment may sound like an interesting night at the movies, but it's actually a succinct description of the year 2020. As our new normal materializes, what does it all mean for fintech?