Fintech Daily Information Briefing on [August 28, 2020]
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The following is the Fintech Daily Information Briefing on [August 28, 2020] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
[1]. Singapore food agency will try out blockchain food safety system
Recently, the food department of Singapore, in cooperation with veritag and St engineering, has developed a blockchain based system to track the whole process of food production and sales. The system will be based on nuls blockchain.
[2]. $173 million! Viva Republic, a South Korean financial technology unicorn, has obtained large amount of financing
Recently, viva Republic, the parent company of South Korea’s digital financial service platform toss, announced that it had obtained $173 million in financing. This financing is jointly provided by ASPEX management, Sequoia Capital (China), Kleiner Perkins digital growth fund, Altos ventures, goodwill capital and greyhound capital. At present, viva Republic has raised $560 million in total, and the platform valuation has reached $2.6 billion. The toss platform of Viva Republic started with P2P transfer service, and began to comprehensively lay out the online financial service field by acquiring LGU + payment department and obtaining Digital Banking and securities dealer license. At present, toss has more than 17 million users, and more than 1 million users are added every quarter. In the future, viva Republic plans to use the funds to further expand the financial territory of toss.
[3]. Crowdcube, an equity crowdfunding platform, launched DCO, a new choice besides IPO
On August 20, 2020, crowdcube, an equity crowdfunding platform, announced the launch of a new product, direct community offer (DCO). Nowadays, the period of time for enterprises to keep privatization is getting longer and longer. How to provide reasonable income for early investors has become a new problem. In recent years, companies including slack and spotify have chosen to go public directly to avoid these problems, and the goal of DCO is the same. It is reported that this new product is mainly aimed at European start-ups in the late stage of investment, providing early investors with the liquidity they need, so that more new users have the opportunity to become shareholders of their favorite enterprises. Compared with crowdcube’s previous secondary trading market, DCO can further expand the scope of investors.
[4]. Swiss Challenger bank neon received EUR 4.6 million in financing
On August 26, 2020, neon, a Swiss Challenger bank platform, announced that it had obtained 4.6 million euro financing. The platform’s existing investors backbone ventures, TX group, schwyzer kantonalbank innovation foundation, new investors Helvetia venture fund, qoqa services SA and other private investors participated in the investment. Neon defines itself as an account on a smart phone, providing users with convenient and cheap transfer services, as well as an associated MasterCard. Since its establishment a year ago, the total number of users of neon has exceeded 30000.
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