(Emerald Financial Group Report)
https://crowdmedia.listedcompany.com/misc/CM8EFG%20Report_Dec2020_final3.pdf"Crowd has flagged the fintech and insuretech spaces as a key focus which immediately draws attention to CEO Domenic Carosa’s background...
Carosa founded Crowd Mobile as well as the Future Capital Development Fund for investing in tech startups, and the Future Bitcoin Fund in 2014 - a time when Bitcoin (BTC) was trading at less than USD $500 (currently USD $ 22,750 BTC)
Carosa is also the Founder and Chairman of cryptocurrency company Banxa which is listing on the Toronto Stock Exchange in 2021.
Despite his dual-positions leading Crowd and Banxa, Crowd has not made any reference to cryptocurrency
involvement regarding the fintech brand partners they intend to bring online however through his background,
Carosa is extremely well connected in the space globally and will be able to identify high-margin services
attractive to the Crowd Direct model...
The bigger opportunity lies in the services space where Crowd has already commenced the process
of securing relevant licenses to market fintech and insuretech products.
These fintech service partnerships are a stated goal for Crowd in 2021, so based on the delivery of their 2020 goals,
it’s not a matter of when they will be announced but rather who they will be
announced with.
Given Carosa’s position as an industry leader in the cryptocurrency space, there will always be
an expectation that Crowd will announce some involvement in the space at some point...When considering Crowd’s core market is European millennials and their expertise is in eCommerce,
other likely fintech partnerships may include core services used by millennials such as digital banking,
microlending, BNPL or digital payments. These services would also provide clear pathways towards
application of Conversational Commerce where a Talking Head could promote apps, encourage account
opening and offer customer support. "
