Startups are eyeing social-media stars as potential customers for financial services products as the influencer industry continues to grow.
," which offers YouTube stars a cash advance on their advertising earnings while they wait to get paid out by Google. ChannelMeter said it expects to initially lose money on Creator Cash. The company isn't charging interest on upfront remittances, though it will pass on a 3% disbursement fee that its payment-processing partner Stripe charges for instant payments.
"A lot of these creators are credit thin," he said. "They're underbanked. As these creators grow, they're going to need the support of financial institutions. They're going to need the support of someone like a bank who can help with capital. Who can help with credit. Who can help them grow and really put fuel in the fire of their business."
: Business Insider spoke with Karat's cofounders Will Kim and Eric Wei to learn more about their plans to build a financial-services brand for creators.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I will brainstorm brand names business names or company names
Sounds like another unnecessary middleman.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why I think personal finance influencers need to talk about race - Business Insider'I can't save what I don't earn. As a Latina, I statistically make the lowest out of any minority woman, at 53 cents per every white man's dollar. So I can do all the work yet still have a 50% gap in lifetime earnings' smart_latina told MichLovesMoney smart_latina MichLovesMoney Are you comparing a hotel maid to an engineer? What sorcery is this? Compare the same occupations please. smart_latina MichLovesMoney Surely knows how ridiculous this argument is. If she works the same job as a white man she'll be paid the same. smart_latina MichLovesMoney
Source: BusinessInsider - 🏆 729. / 51 Read more »
How brands can optimize their online payment strategy for maximum conversions - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How brands can optimize their online payment strategy for maximum conversions - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Mastercard and Visa may be challenged by a new European payment system - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Disney Plus got a huge boost in app downloads from the 'Hamilton' movie - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Such a rare opportunity to watch Hamilton it is definitely breath taking Fawk that shit. Cultural Appropriation Coincidental that they ceased free trials recently?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook, Jio, and Samsung see new opportunity amid India's ban on Chinese apps - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Former Indian TT stars have shifted to Roposo.
Source: BusinessInsider - 🏆 729. / 51 Read more »