LUBBOCK, Texas--(BUSINESS WIRE)--In the new and exciting space of name, image, and likeness (NIL), Fan inc. is enabling a connection between avid fans and student-athletes on a level never seen before. Established in 2022 by a passionate team keen on revolutionizing the collegiate sports landscape, Fan inc. stands at the forefront of a transformative movement. With its innovative, patent-pending platform, the company aims to fundamentally alter how student-athletes leverage and benefit from NIL. Navigating the intricate world of NIL, Fan inc. has carefully developed an app that aligns with both NIL laws and NCAA regulations.
Fan inc. is more than just a conduit for compliance; it's a bridge connecting fans and student-athletes in a manner previously unimagined. Through the platform, fans are given the opportunity to directly support, engage with and celebrate their favorite collegiate stars, forging a deeper bond between the game's players and its followers. As Fan inc. gains momentum, it promises not only to champion the rights of student-athletes but also provide the tools and education to manage these new financial contributions. All while cultivating a more enriched and supportive community for college sports enthusiasts nationwide.
"Fan inc. goes beyond just connecting fans with athletes," said Jim Simpson, Co-Founder of Fan inc. "Our platform focuses on ensuring student-athletes are equipped with the necessary financial literacy, understand their tax obligations, and have access to secure banking features tailored to their unique needs."
Key Features/Benefits of Fan inc.:
Direct Support: Fans can acquire digital trading cards of student-athletes, with the proceeds going directly to the athlete.
Financial Literacy Modules: Recognizing the crucial need for financial education, Fan inc. offers a comprehensive series of modules on financial literacy tailored to student-athletes.
Tax Management: Every student-athlete receives a 1099, with taxes paid quarterly by Fan inc. The app explains reasons for tax withholdings, percentages based on earnings and offers projected annual income with tax rates.
Specialized Banking for Athletes: Fan inc. distinguishes itself as a banking app tailored precisely for the unique needs of student-athletes. Key features include:
- Custom Fan inc. branded Visa Debit Card: Offering student-athletes a distinctive payment solution.
- FDIC Insurance: Ensuring funds are safe and secure.
- Detailed Transaction History: Transparently tracking all financial activities.
- Insights into Incoming Contributions and Tax Withholdings: Keeping athletes informed of their financial status.
"In today's world, banking isn't just a service; it's a connection – for everyone from everyday individuals to high-performing athletes," said Mark Pigg, Co-founder of Fan inc. "At Fan inc., we recognize the unique needs of our athletic community and strive to bridge the gap between financial empowerment and fan engagement, turning banking into a holistic experience that supports and elevates their careers.”
Initial adopters of Fan inc. have showered praise not only for its holistic approach that transcends mere fan interaction but also for its commitment to promoting the financial health, empowerment and overall well-being of student-athletes. Many have expressed their appreciation for the platform's user-friendly interface, comprehensive financial tools and the unique sense of connection it fosters between fans and athletes.
About Fan inc.:
Launched in 2022 by founders Mark Pigg and Jim Simpson, Fan inc.'s mission is to empower student-athletes to harness their NIL rights effectively and educate them on financial intricacies. By providing a platform where fans can directly support and celebrate their favorite student-athletes, alongside a comprehensive approach to financial literacy, Fan inc. aims to reshape the collegiate sports landscape, ensuring athletes are both financially savvy and well-supported. To learn more, visit faninc.com or follow us on LinkedIn at linkedin.com/company/fan-inc.
