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Capital doesn’t come so easy to entrepreneurs these days. In 2012, the total number of loans and money distributed in the U.S. via the Small Business Administration has dropped as much as 20 percent! Also, nearly 98%of the business plans received by accredited investors and VC’s are rejected. Without a doubt, the current business-funding environment is in need of disruption. One such disruption is the rising industry of crowdfunding, which involves a platform, an individual or entity in need of funding, and a community of people willing to collectively contribute these funds in exchange for rewards and recognition. The amount of money raised by crowdfunding platforms during 2012 is expected to reach $2.8 billion, up 91% since 2011.

WorldCover has uniquely combined technological advances and developed a solution that allows us to support smallholder farmers caught in conditions that are worsening due to climate change," said Christopher Sheehan, WorldCover CEO and co-founder. “With the rise of many insuretech startups around the world, we are excited about this successful round of Series A funding as it enables us to accelerate growth in existing markets while working towards expansion into new regions. This will allow us to fulfill our ultimate vision of making the world more resilient to climate change”.

SMARTEL Money, a local mobile money service provider says the market must embrace cashless transactions to limit the spread of Covid-19 through handling cash. The company’s My Wallet mobile money platform was introduced to the market in May 2019 following the licensing of the company as mobile money issuer by the Central Bank of Lesotho.

WorldCover pairs long term remote weather data with the latest satellite technology, making complex actuarial calculations into simple policy term sheets.Our technology combines machine learning with agronomy, compares multiple data sources and forecasts to give you the most targeted and accurate insurance possible.

WorldCover has raised a sum of $6 million Series A fund to help support smallholder farmers in emerging countries in Africa. The company reduces the risk of farming for smallholder farmers with the use of satellite imagery, on-ground sensors, mobile phones and data analytics to provide crop insurance protection.

investment brokerage (german: Anlagenvermittlung),investment advice (Anlagenberatung),acquisition brokerage (Abschlussvermittlung), as well asfinancial portfolio management (Finanzportfolioverwaltung), also known as asset management.

Robo-advisors can follow an active or passive investment approach not only in terms of their product range, but also in the composition of the individual products. In active management, for example, the market is constantly monitored and, on the basis of this, the securities that appear to be most advantageous at a given time are included in the portfolio. This targeted approach is described as so-called “stock picking” (see [Müller/Pester 2019, 229f]). Due to market fluctuations, there are thus regular purchases and sales of securities with the aim of achieving a higher return than the passive market. In the course of this, the percentage distribution of the asset classes in the portfolio can also be continuously adjusted and regular risk assessments carried out. As a result, the portfolio may be subject to constant change. The passive management approach is based on the strategy of maintaining the portfolio created at the beginning, including the asset allocation and the defined securities, unchanged and independent of market fluctuations. If a change in asset allocation should occur due to market fluctuations, the original state can be restored through various adjustment methods, also called “rebalancing”. In contrast to active management, this adjustment is not carried out on an ongoing basis, but at predetermined times or according to specific rules. In so-called “periodic rebalancing”, a restoration of the asset allocation is carried out as needed at the time of a previously defined temporal interval change. Another variant of rebalancing provides for an adjustment only if the portfolio value exceeds or falls below a previously defined mark, the threshold

For the moment, WorldCover only insures for events such as rainfall risk, but in the future it will look to include other weather events, such as tropical storms, in its insurance programs and platform data analytics.