Fintech Daily Briefing

Fintech Daily Information Briefing on [February 25, 2021]

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

[1]. Recargapayy, Brazil’s mobile financial eco operator, completed $70 million round C financing

On February 24, 2021, recargapay, Brazil’s mobile financial ecological operator, announced the completion of a $70 million C round of financing. This round of financing was jointly led by IDC ventures and fuel venture capital, and followed by Lun partners group, ATW and Experian. This round of financing will help recargapay provide mobile payment and other mobile financial services to more Brazilian users. Recargapay was founded in 2010 and is headquartered in Sao Paulo, Brazil. Recargapay is committed to providing more convenient mobile payment and mobile financial services to individuals and small and micro businesses. At present, recargapay has become a leading mobile financial eco operator in Brazil, with more than 300 employees and an annual income of more than US $50 million.

[2]. Ourcrowd: recruitment fever of Israeli start-ups keeps rising during the epidemic

On February 23, 2021, ourcrowd, a global crowdfunding platform for investment, released its recruitment index report for the fourth quarter of 2020. According to the report, despite the impact of the epidemic, the recruitment of high-tech start-ups supported by ourcrowd is still on the rise. From June 2020 to December 2020, the job demand listed by ourcrowd portfolio enterprises increased from 350 to 912. Among them, the demand for software engineers is the largest. The report predicts that as the epidemic will continue for some time, job recruitment in start-ups in 2021 will focus on both remote jobs and physical office jobs.

[3]. The Federal Reserve published a paper to discuss the preconditions for the introduction of digital dollar

A new paper by the Federal Reserve on Wednesday sets out some of the prerequisites for the Federal Reserve to consider launching digital dollars. The author emphasizes that “clear policy objectives, wide stakeholder support, strong legal framework, strong technology and market preparation” are the “high-level environmental preconditions for supporting GM CBDC in the United States”. In fact, the report is positioned as a starting point for further discussion, rather than a clear indicator of the Fed’s future actions. “Reaching out to a wide range of stakeholders and monitoring market readiness can inform clear policy objectives, and this paper is not intended to specify how to deal with these preconditions; its purpose is to stimulate further research,” the paper says. There is still a lot of work to be done before the Fed decides whether (and how) to move CBDC forward. “

[4]. Microsoft launches cloud solutions for financial services

On February 24, 2021, Microsoft announced the launch of cloud solutions for the financial services industry. It is reported that Microsoft cloud for financial services will integrate the functions of Microsoft 365, azure, dynamics 365 and Microsoft power platform. With the help of common data models and tools for professional developers and ordinary developers, Microsoft partners and customers can easily add new value through expansion and additional solutions. The service is expected to open on March 31, 2021.

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