A music fintech that helped Chance the Rapper release his work is handing $100 million in support to independent artists as coronavirus devastates touring
Business Insider -

Los Angeles-based music fintech Stem is providing up to $100 million in advances to musicians and artists who can't tour due to the coronavirus. 

The company, whose investors include record exec Scooter Braun, received requests for $18 million in advances just 24 hours after launching. 

"We're building financial tools for an underserved part of the population, people don't think musicians have this issue, but in fact it's where gig economy comes from," Milana Rabkin-Lewis, CEO and cofounder of...

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