Introduction
Egyptian fintech startup Zeal has recently announced that it raised $4 million in funding through a round led by venture capital firms Raed Ventures and Cur8 Capital. This capital raise will enable Zeal to accelerate its global expansion and revolutionize retail customer engagement through the use of AI technology.
Entering New Markets
With the $4 million funding, Zeal plans to enter the European, Middle Eastern, and African markets. This move will allow the fintech startup to broaden its impact and connect billions of customers with millions of retailers. By utilizing AI technology, Zeal aims to transform the way retail customer engagement is approached on a global scale.
Enterprise Investment Scheme Tax Relief Advanced Assurance
Prior to the recent capital raise, Zeal received an Enterprise Investment Scheme (EIS) tax relief advanced assurance. This assurance is granted by the United Kingdom's tax authority, HM Revenues and Customs (HMRC), to determine a company's eligibility for tax benefits associated with the EIS. Zeal's qualification for this relief further validates its potential as a disruptive player in the fintech industry.
Enhancing Customer Connection
CEO Omar Ebeid expressed that the raised capital will be used to enhance Zeal's connection with customers. By leveraging AI technology, Zeal aims to revolutionize retail customer engagement and provide a holistic product that will be valuable to payment service providers and point of sale (POS) machines worldwide.
Positive Outlook
Wael Nafee from Raed Ventures expressed confidence in Zeal's potential, stating that their holistic product has the potential to become a crucial solution for payment service providers and POS machines globally. With the recent funding and a strong vision for the future, Zeal is well-positioned to make a significant impact in the fintech industry.
Frequently Asked Questions
Which precious metal is best to invest in?
This question is dependent on the amount of risk you are willing and able to accept as well as the type of return you desire. Although gold has traditionally been considered a safe investment choice, it may not be the most profitable. Gold may not be right for you if you want quick profits. You should invest in silver if you have the patience and time.
If you don't care about getting rich quickly, gold is probably the way to go. If you want to invest in long-term, steady returns, silver is a better choice.
How much should your IRA include precious metals
When investing in precious metals, the most important thing to know is that they aren't just for wealthy people. It doesn't matter how rich you are to invest in precious metals. In fact, there are many ways to make money from gold and silver investments without spending much money.
You may consider buying physical coins such as bullion bars or rounds. It is possible to also purchase shares in companies that make precious metals. Another option is to make use of the IRA rollover programs offered by your retirement plan provider.
No matter what your preference, precious metals will still be of benefit to you. Although they aren’t stocks, they offer the possibility for long-term gains.
And unlike traditional investments, they tend to increase in value over time. If you decide to sell your investment, you will likely make more than with traditional investments.
What Precious Metals Can You Invest in for Retirement?
These precious metals are among the most attractive investments. They're both easy to buy and sell and have been around forever. If you want to diversify your portfolio, you should consider adding them to your list.
Gold: This is the oldest form of currency that man has ever known. It's also very safe and stable. Because of this, it is considered a great way of preserving wealth during times when there are uncertainties.
Silver: Silver is a popular investment choice. It's a great option for those who want stability. Silver, unlike gold, tends not to go down but up.
Platinium: Another form of precious metal is platinum, which is becoming more popular. It's resistant to corrosion and durable, similar to gold and silver. It is, however, more expensive than its competitors.
Rhodium. Rhodium is used as a catalyst. It is also used in jewelry-making. It is also very affordable in comparison to other types.
Palladium: Palladium has a similarity to platinum but is more rare. It is also cheaper. This is why it has become a favourite among investors looking for precious metals.
Is gold buying a good retirement option?
Although it may not look appealing at first, buying gold for investment is worth considering when you consider the global average gold consumption per year.
Physical bullion bar is the best way to invest in precious metals. But there are many other options for investing in gold. You should research all options thoroughly before making a decision on which option you prefer.
If you don’t need a safe place for your wealth, then buying shares of mining companies or companies that extract it might be a better alternative. If you are looking for cash flow from your investment, buying gold stocks will work well.
You can also put your money in exchange traded funds (ETFs). These funds allow you to be exposed to the price and value of gold by holding gold related securities. These ETFs typically include stocks from gold miners, precious metallics refiners, commodity trading companies, and other commodities.
What are some of the benefits of a gold IRA
It is best to put your retirement money in an Individual Retirement Account (IRA). It's tax-deferred until you withdraw it. You have total control over how much each year you take out. There are many types of IRAs. Some are better suited to college savings. Others are intended for investors seeking higher returns. Roth IRAs are a way for individuals to make contributions after the age of 59 1/2, and then pay taxes on any earnings upon retirement. But once they start withdrawing funds, those earnings aren't taxed again. This account is a good option if you plan to retire early.
Because you can invest money in many asset classes, a gold IRA works similarly to other IRAs. Unlike a regular IRA which requires taxes to be paid on gains as you wait to withdraw them, a IRA with gold allows you to invest in multiple asset classes. This makes gold IRA accounts a great choice for those who want their money to be invested, not spent.
Another benefit of owning gold through an IRA is that you get to enjoy the convenience of automatic withdrawals. That means you won't have to think about making deposits every month. You could also set up direct debits to never miss a payment.
Gold is one of today's most safest investments. Because it isn't tied to any particular country its value tends be steady. Even in economic turmoil, gold prices tends to remain relatively stable. As a result, it's often considered a good choice when protecting your savings from inflation.
How much gold can you keep in your portfolio
The amount that you want to invest will dictate how much money it takes. If you want to start small, then $5k-$10k would be great. Then as you grow, you could move into an office space and rent out desks, etc. So you don't have all the hassle of paying rent. You just pay per month.
Consider what type of business your company will be running. My company is a website creator. We charge our clients about $1000-2000 per monthly depending on what they order. Consider how much you expect to make from each client, if you decide to do this kinda thing.
Freelance work is not likely to pay a monthly salary. The project pays freelancers. Therefore, you might only get paid one time every six months.
Before you can determine how much gold you'll need, you must decide what type of income you want.
I would recommend that you start with $1k-2k worth of gold and then increase your wealth.
Statistics
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
External Links
forbes.com
finance.yahoo.com
irs.gov
law.cornell.edu
- 7 U.S. Code SS7 – Designation of boards for trade as contract markets
- 26 U.S. Code SS 408 – Individual retirement account
How To
How to keep physical gold in an IRA
The best way to invest in Gold is by purchasing shares of companies that produce it. However, this method comes with many risks because there's no guarantee that these companies will continue to survive. Even if the company survives, they still face the risk of losing their investment due to fluctuations in gold's price.
The alternative is to buy physical gold. This requires you to either open up your account at a bank or an online bullion dealer or simply purchase gold from a reputable seller. This option offers the advantages of being able to purchase gold at low prices and easy access (you don’t need to deal directly with stock exchanges). It's also easy to see how many gold you have. The receipt will show exactly what you paid. You'll also know if taxes were not paid. You are also less likely to be robbed than investing in stocks.
There are also some drawbacks. You won't get the bank's interest rates or investment money. Also, you won't be able to diversify your holdings – you're stuck with whatever you bought. Finally, the taxman might want to know where your gold has been placed!
BullionVault.com offers more information on buying gold for an IRA.
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By: Terence Zimwara
Title: Egyptian Fintech Startup Zeal Secures $4 Million to Expand into New Markets
Sourced From: news.bitcoin.com/egyptian-fintech-startup-zeal-secures-4-million-to-fund-expansion-to-new-markets/
Published Date: Thu, 18 Jan 2024 10:30:57 +0000
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