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.
