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Pollen VC launches first live lending facility for app and game makers

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Pollen VC launches first live lending facility for app and game makers
Pollen VC launches first live lending facility for app and game makersReading Time: 3 minutes

 

Fintech lender Pollen VC, a leading provider of credit facilities to app and game developers, has expanded the amount developers can borrow to up to 4x their monthly revenues. Pollen VC’s data driven credit models now have a more granular view of how revenue is generated over time, enabling them to expand credit lines based on live performance metrics. Access to additional capital via a transparent revolving credit facility enables developers to supercharge their growth without relying on venture capital or revenue based loans.

In contrast to the increasingly ubiquitous revenue-based lending (RBL) approach, Pollen VC provides a flexible line of credit that is based on a live picture of a developers accounts receivable (AR), plus an estimate of the residual value remaining in live user cohorts. The company had previously provided pure AR financing, but with the addition of the ability to borrow against the value of existing users combined into one simple facility, it’s now possible to borrow more via this model than through RBL, and with a much more transparent structure.

App and game developers rely on finance to help them market and promote their products whilst they wait to be paid from the Apple App Store or the Google Play Store. With more than $120Bn being spent on apps and games globally, these businesses face cashflow squeezes on a regular basis. Martin Macmillan, CEO & Founder at Pollen VC commented: “Developer revenue isn’t just realised at the point of download, monetization occurs over their consumer’s lifetime usage of the app or game. Our ability to base our lending decisions not just on AR, but also now in a developer’s existing user base is unique and will be a game changer for the industry. The amount of available credit is recalculated on a daily basis so as marketing performance improves, so the amount available to borrow will grow.”

“The revenue-based lending model works well for industries such as SaaS where stable, predictable revenue streams exist. But, in mobile gaming, users can churn much faster, making the model less applicable for the app and gaming sector generally, and opening up both developers and lenders to additional risk if loans can’t be repaid. Our “AR plus residual cohort” model is our take on the revenue-based lending model, but built from the ground up for our vertical” added Martin Macmillan.

At the core of Pollen VC’s vision is improving the financial literacy of developers. All too often developers rely just on equity financing to fuel their growth and don’t consider forms of alternative financing, sometimes needlessly diluting their equity instead of considering more capital efficient funding. Pollen VC has launched a range of resources for the app and game developer community to help them better understand their cash flow, financials and user acquisition metrics. The company’s CFO resources page includes a range of free to access calculators, content and templates to help the gaming and app development ecosystem improve their overall level of financial awareness and make more informed financing decisions.

Looking ahead, Martin Macmillan added: “We have worked with hundreds of app and gaming developers since 2014 and the industry has changed radically since the early days. Our new lending approach provides a breath of fresh air to the industry which will enable gaming and app founders to really understand their numbers and enable faster growth and the ability to scale in a capital efficient way. We will provide developers with greater access to capital and financial knowledge to really transform the industry”.

Pollen VC provides revolving credit lines to game and app developers to help them scale faster. Their finance works alongside venture capital funding as a non-dilutive complimentary funding source. Application criteria: the business must have one or more live apps on the Apple App Store or Google Play Store, $20,000 – $5,000,000 in monthly revenue and 3 months or more of transaction history in its business bank account.

 

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Betway adds the Nordea Open to its Tennis sponsorship portfolio

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Betway adds the Nordea Open to its Tennis sponsorship portfolio
Betway adds the Nordea Open to its Tennis sponsorship portfolioReading Time: < 1 minute

 

Global online betting and gaming company Betway and the Nordea Open are proud to announce their partnership, seeing the bookmaker become the official betting partner for the ATP event.

Taking place from July 5 to July 18, the clay court tennis tournament is one of the strongest and most popular on the tour, boasting world-class tennis talent and a venue unlike any other on the circuit.

As Sweden’s oldest and most well-attended sporting event, this announcement highlights the brand’s ever-growing commitment to sponsorship of the biggest sporting events.  Joining Betway’s impressive Tennis portfolio which already includes the Miami Open, NOVENTI OPEN and the Mercedes Cup.

Anthony Werkman, Betway CEO said: “We’re delighted to announce our partnership with Nordea Open, which is our first tennis sponsorship in Sweden.

“The tournament is universally popular with players and fans and we’re very proud to be the official betting partner.”

Christer Hult, Tournament Director said: “Nordea Open is very proud to welcome Betway as a new Main Sponsor for 2021-2023. We have a strong portfolio of sponsors with many international brands and Betway as a leading company within the gambling market will contribute to further strengthen and develop the tournament and Båstad as a meeting place.”

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Week 24/2021 slot games releases

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Week 24/2021 slot games releases
Week 24/2021 slot games releasesReading Time: 5 minutes

 

Here are this weeks latest slots releases!

he new, MGA Games adventure is now available to online casino users. The company, specialists in creating and developing premium slot games, has just released its latest production staring the elite athlete Yohanna Alonso as the main character. The quality of the slot game’s graphics and its musical production manages to immerse the player in a mythical adventure with the Vikings for the chance of winning thousands of prizes.

Yohanna Alonso Viking’s Conquest from MGA Games, in all main online casinos

 

Belatra Games, has revved up its super slots portfolio with the release of Night Racing. Get your engines into gear and race into a neon world of high octane, beautiful cars and romance. During the main game Wild symbols can appear on the second, third or fourth reels and when they do, it fills the entire reel and triggers Free Games. Once cruising in Free Games the Wild reel shifts leftwards and will continue to do so until the last one races across the screen to signal the end.

Belatra hits top gear with Night Racing release

 

Pragmatic Play, a leading content provider to the gaming industry, has released its fiery new slot, Dragon Hot Hold and Spin™, packed to the brim with features and breathtaking rewards. The 3×5 Asian-inspired slot will have players breaking into a sweat with its high volatility and high-value rewards of up to 5,000x the stake! The central focus of the game is the Hold and Spin feature, with three types of Coin symbols used to unlock it. Diamond, Gold and Silver Coin symbols hold random values when they appear on the reels.

Pragmatic Play Delivers Smouldering Masterclass in Dragon Hot Hold and Spin™

 

BF Games is inviting players to pick up the sheriff badge and keep bandits in check in Wild West themed title Wild Jack Remastered™launched exclusively with operator partner 1xBet. The game transports players into a cacti-filled land with nothing else but a bank and an isolated saloon, but action is just around the corner as the masked main character, Jack Wilds, is planning mischief. A classic 3×3 fruit slot, Wild Jack Remastered™ also features the expected sheriff badges, revolvers, and horseshoes.

BF Games launches new slot Wild Jack Remastered™ exclusively with 1xBet

 

Push Gaming has launched its first ever jackpot slot, Mount Magmas, having worked on its development with tier-one operator LeoVegas. Exclusively available to play now via LeoVegas, the red-hot slot takes players deep into the fiery Mount Magma, with a host of volcano jackpots that keep getting hotter and can erupt at any moment. Totalling 20 paylines, the 5×4 title includes both a Daily and a Mega jackpot, as well as a scorching base game with some truly searing potential.

Push Gaming and LeoVegas collaborate to release Mount Magmas Jackpots

 

 

Evoplay has announced the launch of its bubbly new underwater voyage, Gold of Sirens. The provider’s latest venture is set in Poseidon’s elusive underwater kingdom and challenges players to conquer the high seas while evading the seductive grasp of the sirens’ song. Only the bravest of players will make it past the ferocious sirens and make it to the Free Spins game, where they will have a chance to trigger a number of jackpots and collect a big win.

Evoplay launches gripping new adventure in Gold of Sirens

 

Stakelogic, the in-demand slot developer behind some of this year’s most popular games,in conjunction with Greenlogic partner, Touchstone Games are encouraging players to join the giant on his quest for gold and big wins in its latest release, Giant’s Fortune MegawaysTM. The slot uses Big Time Gaming’s revolutionary MegawaysTM mechanic to deliver up to 117,649 ways to win with every spin. Players can also take advantage of unused Wilds that land on the reels during the base game – they remain in place from round to round until they form a winning combo.

Introducing Giant’s Fortune MegawaysTM from Stakelogic

 

Play’n GO have a winning card up their sleeve with the next instalment in their Joker series, Free Reelin’ Joker. Set in funhouse-style surroundings, the Free Reelin’ Joker is finally home from his mischievous travels. He’s the roaming brother to the Joker sisters and the newest member to join the pack. Simple and classic in its style, Free Reelin’ Joker is a model slot game filled with all the features and symbols you’d expect to see in a traditional fruit machine, including fruits, sevens and Wilds.

Another Joker joins the pack in Play’n GO’s latest game

 

 

GAMING1 has announced the launch of its latest exciting slot game, Emaki and The Sevens. Combining premium quality features from the casino and video gaming sectors, the title invites players on an Eastern-style adventure with the charming Emaki and his pet dragon, discovering world-class audiovisual effects and exciting prizes along the way.

GAMING1 heads off on an epic Eastern adventure in Emaki and The Sevens

 

 

Lucksome, the new games studio powered by leading developer Blueprint Gaming, has followed up on the success of its inaugural slot release with Joker Maxima. This modern classic style slot, which launches 22nd July, is packed with a host of features to maximise player engagement, including options to tailor the gaming experience to suit personal preferences. Lady Joker acts as both a Wild and win multiplier, offering the potential to multiply a win by x16 in the base game and x24 within Free Spins.

Lucksome builds on early success with Joker Maxima

 

 

Pragmatic Play, a leading content provider to the gaming industry, draws inspiration from the heroes of Olympus in the launch of its latest slot title, Lucky Lightning. Players will find themselves in an Ancient Greek setting in the provider’s new 3×5 slot, with symbols featuring Greek gods Zeus and Hera and various staples of Greek mythology, such as the Minotaur of Crete, the legendary Griffin, and the winged horse, Pegasus. The central mechanic in Lucky Lightning is the Wild Respin feature, which is triggered randomly when a Lightning Symbol lands on the first two reels, affecting them in one of two ways.

Pragmatic Play Outlines a Classic Adventure in Lucky Lightning

 

 

Yggdrasil and Reflex Gaming have challenged players to battle the beast on top of the tower in its latest thrilling collaboration Krazy Klimber. The 3×5, 20 payline video slot sees a giant ape as the focal point of the game, looking to scale the tower in search of huge wins. The latest YG Masters title has two major features which can be triggered on any spin – the Krazy Klimber bonus game or free spins.

Yggdrasil and Reflex Gaming prepare for sky-high adventure in Krazy Klimber

 

BGaming goes in search of riches in the new Dig Dig Digger slot! Join the crazy archeologist, looking for wealth in the heart of Egypt! The charismatic and hilarious charaсter will uncover all the gold! The slot is already available at reputable casinos such as Duxcasino and PinoCasino. The Dig Dig Digger slot is a captivating adventure for every player waiting for big winnings! With HD graphics and a 5×3 scheme, Dig Dig Digger has a popular “book of” mechanic.

Grab all the gold in the Dig Dig Digger slot by BGaming!

 

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AskGamblers Successfully Held Its Charity Event and the Long-Awaited AskGamblers Awards Virtual Show

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AskGamblers Successfully Held Its Charity Event and the Long-Awaited AskGamblers Awards Virtual Show
AskGamblers Successfully Held Its Charity Event and the Long-Awaited AskGamblers Awards Virtual ShowReading Time: 2 minutes

 

After months of voting and anticipation about who the winners of the AskGamblers Awards race were going to be, these names are finally in, and we can’t wait to share them. Once again, our team couldn’t be more proud to have successfully held the AskGamblers Awards show and the AskGamblers Charity event.

With the much-anticipated AskGamblers Awards virtual show held last night, on 17 June 2021, at 8 pm, the race is now officially closed and the winners’ names are in. Due to the current situation, the event was held online and everyone was invited to tune in and watch the show via live stream. The AskGamblers Charity event was also held last night and, thanks to our partners, we managed to raise an incredible €65,300.

The AskGamblers’ General Manager Denis Ristic shared his gratitude by saying: “All of us at AskGamblers have invested so much time, dedication, and energy in these events, and we couldn’t wait for June 17 and the main show to start. After last night, we are thrilled with how everything went and we’d like to thank everyone who took part, for being a crucial part of the AskGamblers Awards race, and for making this entire concept so exciting! Congrats to the winners – we are extremely happy for you!”

In a joint effort with AskGamblers judges, the players had the chance to vote for one candidate in each of the following categories – the Best Casino, the Best New Casino, the Best New Slot, and the Best Software Provider, and, in doing so, had their say in choosing the winners.

Now, without further ado, here are the names of the winners per each category:

Best Casino: True Flip Casino

Best New Casino: Slot Hunter Casino

Player’s Choice Casino: SlotWolf Casino

Best Affiliate Partner: Betsson Group Affiliates

Best Affiliate Manager: Andreza Majela (Campeon Gaming Partners)

Best New Slot: Money Train 2 Slot

Best Software Provider: NoLimitCity

The entire AskGamblers team would once again like to use this opportunity to thank everyone who took part in our charity event and participated in the Awards race to help select the best of the best!

 

About AskGamblers

AskGamblers, officially acclaimed the best casino website, provides the most trusted, unbiased online casino, slot, and bonus reviews. It also features real player opinions and ratings highly valuable in the iGaming community. Thanks to its unique Casino Complaint Service, over $39 million has been returned to over 14k players thus far. Our motto is: “Get the truth. Then play!”

About AskGamblers Awards

AskGamblers Awards is an annual event within the iGaming industry organised by AskGamblers.com. The competition includes the following categories: the Best Casino, the Best New Casino, the Best New Slot, the Best Software Provider and the Best Partner. What makes AskGamblers Awards stand out is the fact players’ unique opinion is taken into consideration when pronouncing winners.

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