Fanvue, the AI-powered creator monetisation platform with a $100m-plus run rate, has announced a $22m Series A investment round.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260112458975/en/
Fanvue has bet big on AI-powered tools changing the face of an industry estimated to be worth over $500B by 2030. The platform, which recently crossed $100m annualised revenue, has over 17 million monthly active users, and is home to 250,000 creators who are using Fanvue’s pioneering AI tools to scale their businesses and earn.
Instead of competing with legacy platforms, Fanvue is defining a new category, the Creator AI economy. Fanvue’s belief is that the next generation of creators will accelerate their earnings through utilising technology.And it’s happening in real time. According to Fanvue, just over 93% of creators on the platform used at least one of the platform’s proprietary AI tools, which include Analytics, Voice and Content.
Investors share Fanvue’s vision for the AI-powered creator economy. The Series A was led by Inner Circle (www.iccap.co), backed by 50+ exited founders, financiers and cultural icons across sport and entertainment, whose portfolio also includes Revolut, Anthropic and xAI. Other notable backers include Moonbug founder René Rechtman, who oversaw its multi-billion-dollar exit, the founders of UK unicorn Marshmallow, and gps from leading European venture firms.
James Cox, Co-Founder of Inner Circle, commented:
“AI is redefining the creator economy. Fanvue isn’t reacting to that shift; they are pioneering it.Joel, Will, Harry and the team are building the category-defining platform, enabling creators globally to monetise their audiences at scale. We’re proud to be their partner, opening up our community’s acc
Federal Reserve Holds Steady on Interest rates, Signals potential Cuts in 2024
The Federal Reserve’s Federal Open Market Committee (FOMC) voted unanimously on January 31, 2024, to maintain the federal funds rate in a target range of 5.25% to 5.50%. This decision marks the seventh consecutive meeting where the committee has held rates steady. Though, officials signaled a willingness to consider interest rate cuts later in 2024, contingent on further economic data.
Economic Outlook and Inflation
The FOMC statement released after the meeting noted that economic activity has been expanding at a moderate pace. Job gains have remained solid, and the unemployment rate has held steady at 3.7% as of December 2023, according to the Bureau of Labor Statistics. Inflation,however,remains above the Federal Reserve’s 2% target.
The Consumer Price Index (CPI) rose 3.1% over the 12 months ending in January 2024,according to the Bureau of Labor Statistics. While this represents a decrease from the 9.1% peak in June 2022, the Fed remains cautious.
Signals of Potential Rate cuts
During a press conference following the meeting, Federal Reserve Chair Jerome Powell stated that the committee does not expect it will be appropriate to begin cutting interest rates until it has gained greater confidence that inflation is moving sustainably toward 2%. He acknowledged that the risks of moving too soon are greater than the risks of moving too late.
The FOMC’s projections, released alongside the statement, indicate that the median FOMC participant anticipates 75 basis points (0.75%) of rate cuts in 2024. This suggests a potential for three 25-basis-point cuts throughout the year. Though, these projections are not a firm commitment and are subject to change based on incoming economic data.
Market Reaction
Financial markets reacted positively to the FOMC’s statement and chair Powell’s remarks. The S&P 500 index rose 1.6% on January 31, 2024, reflecting investor optimism about the prospect of lower interest rates. Treasury yields also fell, indicating increased demand for bonds.
Looking Ahead
The Federal Reserve will continue to monitor economic data closely, including inflation, employment, and economic growth. The next FOMC meeting is scheduled for March 19-20, 2024. Investors and economists will be closely watching for further signals about the timing and extent of potential interest rate cuts.
Fanvue, the AI-powered creator monetisation platform with a $100m-plus run rate, has announced a $22m Series A investment round.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260112458975/en/
Fanvue has bet big on AI-powered tools changing the face of an industry estimated to be worth over $500B by 2030. The platform, which recently crossed $100m annualised revenue, has over 17 million monthly active users, and is home to 250,000 creators who are using Fanvue’s pioneering AI tools to scale their businesses and earn.
Instead of competing with legacy platforms, Fanvue is defining a new category, the Creator AI economy. Fanvue’s belief is that the next generation of creators will accelerate their earnings through utilising technology.And it’s happening in real time. According to Fanvue, just over 93% of creators on the platform used at least one of the platform’s proprietary AI tools, which include Analytics, Voice and Content.
Investors share Fanvue’s vision for the AI-powered creator economy. The Series A was led by Inner Circle (www.iccap.co), backed by 50+ exited founders, financiers and cultural icons across sport and entertainment, whose portfolio also includes Revolut, Anthropic and xAI. Other notable backers include Moonbug founder René Rechtman, who oversaw its multi-billion-dollar exit, the founders of UK unicorn Marshmallow, and gps from leading European venture firms.
James Cox, Co-Founder of Inner Circle, commented:
“AI is redefining the creator economy. Fanvue isn’t reacting to that shift; they are pioneering it.Joel, Will, Harry and the team are building the category-defining platform, enabling creators globally to monetise their audiences at scale. We’re proud to be their partner, opening up our community’s acc
View source version on businesswire.com: https://www.businesswire.com/news/home/20260112458975/en/
Contact
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UK-based reporters can get in touch with gabriella@ideafarmer.co.uk or scarlett@ideafarmer.co.uk,and US-based reporters can email mereditheklein@gmail.com
Federal Reserve Holds Steady on Interest rates, Signals potential Cuts in 2024
The Federal Reserve’s Federal Open Market Committee (FOMC) voted unanimously on January 31, 2024, to maintain the federal funds rate in a target range of 5.25% to 5.50%. This decision marks the seventh consecutive meeting where the committee has held rates steady. Though, officials signaled a willingness to consider interest rate cuts later in 2024, contingent on further economic data.
Economic Outlook and Inflation
The FOMC statement released after the meeting noted that economic activity has been expanding at a moderate pace. Job gains have remained solid, and the unemployment rate has held steady at 3.7% as of December 2023, according to the Bureau of Labor Statistics. Inflation,however,remains above the Federal Reserve’s 2% target.
The Consumer Price Index (CPI) rose 3.1% over the 12 months ending in January 2024,according to the Bureau of Labor Statistics. While this represents a decrease from the 9.1% peak in June 2022, the Fed remains cautious.
Signals of Potential Rate cuts
During a press conference following the meeting, Federal Reserve Chair Jerome Powell stated that the committee does not expect it will be appropriate to begin cutting interest rates until it has gained greater confidence that inflation is moving sustainably toward 2%. He acknowledged that the risks of moving too soon are greater than the risks of moving too late.
The FOMC’s projections, released alongside the statement, indicate that the median FOMC participant anticipates 75 basis points (0.75%) of rate cuts in 2024. This suggests a potential for three 25-basis-point cuts throughout the year. Though, these projections are not a firm commitment and are subject to change based on incoming economic data.
Market Reaction
Financial markets reacted positively to the FOMC’s statement and chair Powell’s remarks. The S&P 500 index rose 1.6% on January 31, 2024, reflecting investor optimism about the prospect of lower interest rates. Treasury yields also fell, indicating increased demand for bonds.
Looking Ahead
The Federal Reserve will continue to monitor economic data closely, including inflation, employment, and economic growth. The next FOMC meeting is scheduled for March 19-20, 2024. Investors and economists will be closely watching for further signals about the timing and extent of potential interest rate cuts.
Source: Federal Reserve Board – Press Release, January 31, 2024.
Source: Bureau of Labor Statistics – Employment Situation Summary, February 2, 2024.
Source: Bureau of Labor Statistics – Consumer Price Index, January 11, 2024.
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