Fintech Daily Briefing

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The following is the Fintech Daily Information Briefing on [April 02, 2021] recommended by And this article belongs to the classification: Fintech Daily Briefing.

[1]. Paidy, Japan’s “pay before you buy” service provider, received $120 million in financing support

Recently, paidy, a Japanese “buy before pay” service provider, announced that it would receive US $120 million in round D financing support. This financing is jointly provided by JS capital management, Soros capital management, tybourne capital management and Wellington management. Founded in 2008, pay mainly provides online shopping payment services to meet the needs of some users who are not willing to use credit card or unable to use credit card for online payment. At present, the user account usage of pay has exceeded 5 million, and more than 700000 online platforms have accepted its payment service.

[2]. Digital Banking and charity donation platform spiral received $14 million in financing

On March 31, 2021, spin, a US financial technology startup, announced that it had received US $14 million in financing led by team8. Spiral was founded in 2019. It provides savings services through online platform and provides users with information on charitable activities, so that users can donate their love while enjoying savings interest. Charitable organizations can also use this platform to promote their own project activities and improve the success rate of fund-raising. The deposit service provided by spiral is guaranteed by the FDIC. It is reported that the spiral service is still in the testing stage and is expected to be officially launched next quarter.

[3]. Singapore Participates in the IMF assistance program to help low-income countries affected by the epidemic

In March 31, 2021, the Singapore Monetary Authority (MAS) announced that it would participate in the International Monetary Fund (IMF) assistance program and provide financial assistance to low-income countries affected by COVID-19. It is reported that the monetary authority of Singapore plans to provide a total of US $20.57 million to support the IMF’s catastrophe containment and relief trust, the new crown crisis capacity development initiative and the trust for special poverty reduction for extremely indebted countries Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries)。

[4]. Next insurance, an insurance technology platform, received US $250 million in financing, with a valuation of US $4 billion

Recently, next insurance, an insurance technology platform in the United States, announced that it had received US $250 million in financing. This financing is led by fintlv ventures and battery ventures, and participated by capital g, group 11, Zeev ventures, founders circle and G squared. Next insurance is an intelligent insurance company, providing customized insurance services for small and medium-sized enterprise customers, with more than 100000 customers and more than 1000 products. In 2019, it was rated as one of the most innovative financial technology companies of the year by Forbes magazine. Since its establishment in 2016, next insurance has raised a total of $888 million, with a valuation of more than $4 billion.

[5]. Paysafe, an online payment service platform in London, goes public through spac

On March 30, 2021, paysafe Group Holdings Limited announced that it had completed the merger with spac company Foley trasimene acquisition Corp. II according to the original plan on March 30. In the future, the merged company will operate under the name of paysafe limited, and the common shares and warrants of paysafe will be traded on the New York Stock Exchange. Paysafe is a leading professional payment platform, headquartered in London, which is committed to achieving seamless connection and transaction between enterprises and consumers around the world through its payment processing system. Previously, paysafe has launched digital wallet brands skrill and NETELLER, as well as online cash solutions Paysafecard and paysafecash.

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