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Music Fintech Stem Providing $100 Million in Advances to Musicians

Music Fintech Stem Providing $100 Million in Advances to Musicians

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FintechNews RoundupUSA
··1 min read

The coronavirus continues to wreak havoc on all areas of the economy; musicians that have relied on live performances for their income have seen this income dry up; Stem, a five year old music fintech based in LA, has released Scale, a $100 million fund that provides advances for musicians based on their projected earnings four to 18 months into the future; Stem works with independent artists to not only help them financially but also assist with marketing and growing their fanbase; they received requests for $18 million in the first 24 hours and expect the $100 million fund will be exhausted soon. Business Insider

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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