Fintech Daily Information Briefing on [August 30, 2021]
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The following is the Fintech Daily Information Briefing on [August 30, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
[1]. B2B digital checkout platform balance received US $25 million financing
Recently, balance, a B2B digital checkout platform, announced that it had obtained a financing of US $25 million. The financing is led by ribbon capital and invested by stripe, avid ventures, Lightspeed ventures, y combinator continuity fund, scifi VC, upwest and other institutions. Balance launched the self-service digital checkout system in early 2021, allowing merchants, online markets and SaaS companies to provide buyers with a variety of online payment methods, effectively improving the B2B payment experience. At present, balance has reached cooperation with Magento, a B2B e-commerce organization.
[2]. A16z announced the launch of $400 million seed fund
On August 27, 2021, Andreessen Horowitz (a16z), a famous venture capital company, announced the launch of $400 million seed fund. A16z said that seed round investment has always been the core investment direction of the institution. Since 2009, a16z has successively invested in slack, OKTA, databricks, samsara and instagram. Since 2020, nearly half of a16z the investment has also been provided to seed round financing enterprises.
[3]. Forbes plans to list on the New York Stock Exchange through spac
It is reported that Forbes media announced that it plans to be listed by merging with a “special purpose acquisition company” (SPAC) called magnum opus. After deducting tax incentives, the transaction is worth about $630 million for the company and is expected to be completed by the end of the fourth quarter of this year or the beginning of the first quarter of next year.
[4]. Apple compromise! Allow the app store to be open to third-party payments
It is reported that in the face of increasing antitrust regulatory pressure, Apple has partially relaxed an app store restriction policy. According to this policy, Apple will allow developers to use email and other communication methods to inform users of alternative payment options other than apple. Apple’s relaxation marks a major concession for the company, allowing some online transactions to bypass its app store. However, Apple has not made any changes to the relevant rules for those transactions in the application, so the effect of this relaxation may be limited. The move is one of several compromises Apple announced to the outside world late Thursday to partially settle a class action lawsuit launched by app developers against its app store policy. Another compromise is that Apple promises to release a report every year detailing the number of apps rejected by Apple’s app store and the number of customer and developer accounts disabled. In addition, the technology giant also told developers that it would revise the app store policy to give them greater pricing flexibility and ensure that consumers can find the applications they develop.
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