Fintech Daily Briefing

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The following is the Fintech Daily Information Briefing on [April 25, 2021] recommended by And this article belongs to the classification: Fintech Daily Briefing.

[1]. Russia’s first “buy before pay” service provider officially unveiled

Recently, Russia’s tinkoff bank announced the launch of, the country’s first “buy now pay later” consumer credit service. In the future, Russian consumers can use this platform to enjoy four phases of interest free loan services. Among them, the first 25% of the payment for the product or service needs to be paid when the order is placed, and the subsequent payment is deducted from the bank card associated with the consumer on schedule, while the merchant can get all the payment at the first time.

[2]. Turkish central bank: no intention to ban cryptocurrency completely, new cryptocurrency regulations will be issued in two weeks

On Friday, the governor of Turkey’s central bank Ş ahap Kavac ı o ğ “Nothing can be solved simply by banning cryptocurrency, and we have no intention of doing so,” Lu said He added that the Ministry of Finance plans to announce new cryptocurrency regulations within two weeks and that the government will not completely ban cryptocurrency.

[3]. Loft, a Brazilian real estate technology company, completed $425 million round D financing

Loft, a Brazilian real estate technology company, has recently completed $425 million in round D financing, techcrunch reported. This round of financing is led by D1 capital partners, followed by DST, tiger global, Andreessen Horowitz, fifth wall and QED. It is reported that loft’s current valuation has reached $2.2 billion.

[4]. Bux, a Dutch online securities firm, has completed US $80 million financing, while prosus ventures and Tencent are leading investors

On April 22, 2021, Bux, an online brokerage based in the Netherlands, announced the completion of US $80 million financing. This financing is led by prosus ventures and Tencent, and participated by ABN AMRO ventures, Citius, Optiver, endeit capital, HV capital and velocity capital fintech ventures. Bux provides brokerage services with zero Commission. Its investment products include stocks, cryptocurrency and other categories, and its main target users are the younger generation of investors, similar to the business model of Robin Hood, an emerging online securities company in the United States. At present, Bux has about 500000 users, covering Germany, France, Austria, Belgium and other countries.

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