22 November 2022

Weavr partners with music investment platform Sonomo

Written By FinTech Alliance

Weavr partners with music investment platform Sonomo

Music investment platform Sonomo has announced a new partnership with embedded finance company Weavr. 

In Brief: 

Sonomo is a Dutch business that enables investors across Europe to invest in the music industry. 

It includes a financial exchange for music rights so investors can take a stake from an artist starting at as little as €10. 

Weavr will help Sonomo offer its service to customers in a frictionless manner. 

What does this mean?

Sonomo says it’s offering an investment opportunity to the public which is “understood by the general populace” - unlike, it says, the likes of NFTs and cryptocurrencies. Weavr’s plug and play solution will power a digital wallet which enables Sonomo to facilitate the exchange of funds, and ensure royalty dividends can be distributed quickly and securely. 

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