Fintech Daily Briefing

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The following is the Fintech Daily Information Briefing on [February 03, 2021] recommended by And this article belongs to the classification: Fintech Daily Briefing.

[1]. Uber Announces Acquisition of drizly

Uber technologies recently announced that it will acquire drizly, a liquor delivery platform, in the form of about $1.1 billion in shares and cash. Founded in 2012, drizly is headquartered in Boston and operates in more than 1400 cities in the United States, working with local beer, wine and spirits merchants. According to CrunchBase data, drizly has raised nearly $120 million in venture capital since its establishment. The latest financing is the $50 million round C financing in August 2020, led by Avenir growth capital. During the period of COVID-19, the number of homeowners increased significantly. Thanks to this, drizly’s sales in 2020 increased by 350% over the previous year. The two companies said that drizly will become a wholly-owned subsidiary of Uber after the completion of the transaction in the first half of 2021. Although its market will be integrated with Uber eats application, the separate drizly application will still be retained.

[2]. Brazil’s digital bank nubank again won US $400 million financing, Tencent and other investors

Nubank, Brazil’s financial technology Unicorn company, received a $400 million capital injection. According to latamlist, GIC, whale rock and INVESCO took the lead in this round of financing, while Tencent, dragoner, ribbit capital and Sequoia Capital participated in it. Nubank is a digital banking service provider. Its main products are MasterCard and supporting mobile app. It can provide users with online card management, overdue reminder, consumption record query, fund freezing and other services. The company has revolutionized Brazil’s financial sector and has 34 million users. Nubank plans to use this round of financing to provide a wider range of products in Brazil and consolidate its market position in Colombia and Mexico.

[3]. BBVA invested $150 million in financial technology venture fund propeller

On February 2, 2021, the banking giant BBVA announced to invest $150 million in the financial technology venture fund propeller. Since its inception, propeller venture partners (PVP) has invested in more than 40 companies in five countries, including the United States, Mexico and Brazil, several of which are valued at more than $500 million and have created more than 10000 jobs. At the same time, BBVA announced that it would sell all its shares in holvi, a digital bank, to Keru fintech investments, a Finnish investment company. Holvi was founded in Helsinki in 2011, acquired by BBVA in 2016, and attracted about 150000 registered users in Finland, Germany and Austria in 2019. In August 2020, Holvi was announced to withdraw from the British market under the influence of COVID-19 and “de Europe”.

[4]. Forbes releases annual list of top 50 blockchains

Forbes released the third annual list of the top 50 blockchains. These companies are leading the way in adopting distributed ledger technology, with revenues or valuations of at least $1 billion. 21 new members are on the list for the first time. The list covers giants in finance, technology and other industries, including coinbase, visa, Wal Mart, PayPal, JPMorgan, ING Group, Microsoft, ant group, Baidu, industrial and Commercial Bank of China, etc. Among them, 23 are from the United States and 6 are headquartered in China.

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