Fintech Daily Briefing

Fintech Daily Information Briefing on [January 14, 2021] is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. At the same time, we also provide daily information briefings on financial technology. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

The following is the Fintech Daily Information Briefing on [January 14, 2021] recommended by And this article belongs to the classification: Fintech Daily Briefing.

[1]. Philippine mobile wallet gcash received $175 million in financing, with a valuation of nearly $1 billion

Recently, gcash, a Philippine based mobile wallet platform, announced that it had received US $175 million in financing, with ASP Philipines leading the investment. After the completion of this financing, the valuation of gcash platform is close to US $1 billion. Gcash is a subsidiary of global fintech innovations (also known as mynt), with 33 million users and 21 million US dollars in total transactions in 2020. The Philippines has a high penetration of smartphones and the Internet. As of January 2020, the number of mobile connections in the Philippines is equivalent to 159% of the total population.

[2]. Singapore technology giant sea acquires Indonesia BKE bank

On January 13, 2021, according to a source quoted by the news agency, Singapore technology giant sea group acquired Indonesia BKE bank, and the specific amount was not disclosed. Previously, sea has successfully obtained the first batch of digital banking licenses issued by the Singapore monetary authority, and the acquisition means that sea will continue to expand its financial technology market in the whole Southeast Asia. Recently this year, the growing Digital Banking Industry in Southeast Asia has attracted the attention of many large technology companies. In addition to sea group, gojek, a travel sharing giant, recently bought a 22.16% stake in jago bank for $160 million.


[3]. Fraudulent transaction of selling new crown vaccine in exchange for bitcoin in dark network

Check point, a network security company, found many sellers of covid-19 vaccine on the dark Internet. The sellers asked for payment in bitcoin, but after payment, they did not deliver the goods.

[4]. Starling bank plans to buy Lenders

Recently, Anne Boden, founder of Starling bank, a British digital bank, received an exclusive interview with sifted. Boden said that during the period from October 2019 to October 2020, the total amount of loans issued by Starling bank increased sharply, a considerable part of which was completed through cooperation with P2P lending institutions such as financing circle and Zopa. In the future, Starling bank plans to acquire a lending institution, and non bank lending institutions in Europe (including P2P companies) will be included in its selection. The article points out that starling bank’s move may trigger a wave of industry integration led by digital banks in the financial technology industry.

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