Mythical hip-hop MC RAKIM and serial entrepreneur DIVINE have introduced a fintech app to aid artists achieve monetary balance.
The brandnew platform, aptly named Notes, will aid artists capitalize on their ingenious initiatives and achieve monetary sovereignty.
Fintech Innovation Combines With Hip-Hop Legacy
Serial entrepreneur and previous recording artist Victor D. Lombard, sometimes called DIVINE, introduced the initiation of the brandnew corporate this month in partnership with RAKIM, one in all hip-hopโs largest emcees.ย
RAKIM rose to status as one-half of the rap duo Eric B. and Rakim. Now, he’s breaking brandnew field with an AI-powered platform, a one-stop store for song, cash, and information for artists and creators.
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โIndependent urban music artists and creators often struggle to gain financial stability despite their market impact,โ RAKIM says. โWith Notes, weโre building a community- and lifestyle-driven platform that combines cultural connection, technology, and empowerment to give them the tools they need to thrive.โ
Notes supplies the information and gear to aid artists lead their careers โ reminiscent of assets to aid them observe for loans or get entry to credit score ratings. It teaches monetary literacy and song industry training via providing multimedia classes, step by step guides on financial control, and learn how to monetize song. The fintech additionally has a property that we could artists incrible lyrics and attach with their friends at the app.ย
The app has a โdigital passportโ property that we could customers observe credit score ratings, get entry to loans, and significance finances gear. Notes companions with lenders and collectors and earns a fee on referral charges when customers observe for loans in the course of the platform.ย
Notes, An Innovation To Empower Track Creators
DIVINE was once impressed to initiation the corporate along RAKIM as a result of his firsthand revel in coping with the indie city song scene and the depression of looking to charity a occupation.ย
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Thru films, profiles, and song itself, itโs well-documented that breaking into the song business is advanced and dear. For each big-named artist that hits the charts, 1000’s are merely suffering to get via.ย ย
โThe music industry, as it stands, is structured to take advantage of artists through exploitative contracts and limited financial resources, forcing them into predatory deals just to survive,โ he instructed TechCrunch.ย
Having spent the moment 10 years construction fintech corporations, heโs come to view generation as a stunning equalizer, a strategy to redistribute keep an eye on again to artists and creators. The previous recording artist in the past based fintech BLAK, which excited by serving underbanked communities and constructed Solvent, a neobank for underserved communities.
Notes will permit musicians to coach themselves, charity their initiatives, and manufacture careers on their phrases. He stated now is a great presen for this product as a result of indie artists and creators are turning into extra robust and influential but nonetheless missing monetary backup.ย
The app, recently in beta, has AI gear, together with an AI accentuation laborer in RAKIMโs accentuation. It’s hoping to initiation absolutely on the finish of February.ย
Primary Symbol: Rakim: Courtesy of Flickr
