Fintech Daily Information Briefing on [July 01, 2021]
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The following is the Fintech Daily Information Briefing on [July 01, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
[1]. Visa cryptocurrency employs a number of NFT and defi experts
Cuy Sheffield, head of payment giant visa cryptocurrency, tweeted that visa’s cryptocurrency division employs many top experts in different positions. Former Nigerian presidential candidate Chike ukaegbu joined visa as head of encryption strategy for emerging markets. Alex Chiang will be responsible for the special promotion of visa’s key tasks in NFT and defi. In addition, Daniel mottice has been appointed as the product officer of usdc based cryptocurrency movement stable currency settlement.
[2]. JPMorgan Chase acquires 40% of Brazil’s digital bank C6 bank
On June 28, 2021, U.S. banking giant JPMorgan Chase announced the acquisition of 40% of the equity of Brazil’s digital bank C6 bank, and the specific amount was not disclosed. Founded in 2019, C6 bank provides customers with services including cash and savings accounts, credit cards, debit cards, personal investment loans, small business banks and loans. The total number of users has reached 7 million. At present, Brazil has become an important retail banking market in the world, users’ willingness to use digital services is very high, and the competition in the field of Digital Banking is fierce. In early June, Brazil’s Unicorn digital bank nubank just announced that it has obtained $750 million in round g financing from Berkshire Hathaway company, and plans to further expand the Latin American market.
[3]. Zopa, a UK financial technology platform, is expected to make a profit at the end of 2021 and go public in 2022
Zopa, founded in 2005, is one of the earliest financial technology companies in the UK. The platform started with P2P loan business. After 15 years of development, it has successfully obtained a complete banking license in 2020, and its business has gradually expanded to loan, credit card, savings account and other fields. COVID-19 outbreak promotes Zopa platform service demand. So far, Zopa has made loans totaling more than 60 trillion pounds and issued more than 100000 credit cards in the past nine months. Jaidev janardana, chief executive of Zopa, said the platform is expected to turn a profit by the end of this year and an IPO is expected in the third quarter of 2022.
[4]. The scale of IP financing in South Korea reached 1.4 trillion won, a significant increase
On June 29, 2021, Kim Tae Hyun, Secretary General of the Korean Financial Services Commission (FSC), attended the third intellectual property financing forum and delivered a speech on the importance of this innovative financing model to young start-ups. He pointed out that the Korean government’s support for financial innovation has promoted the significant growth of the movable property financing industry. In just two years, the financing scale has risen from 700 billion won in 2018 to 3 trillion won today. Among them, the scale of IP financing increased significantly, from 300 billion won to 1.4 trillion won. Intellectual property helps start-ups improve their valuation, financing, platform growth and overseas expansion opportunities.
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