Fintech Daily Briefing

Fintech Daily Information Briefing on [January 22, 2021]

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The following is the Fintech Daily Information Briefing on [January 22, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. Paystone, a Canadian payment and integration software maker, completed $69 million in strategic financing

Recently, paystone, a startup based in Ontario, Canada, announced the completion of a $69 million strategic financing. The financing includes equity financing and debt financing, which are provided by cbgf and National Bank of Canada respectively. Paystone is a company that provides integrated software for automatic payment processing, membership rebate and gift card solutions, with major markets in Canada and the United States. In the future, paystone will use this financing to continue to promote the development of customer engagement services and electronic payment processing solutions.

[2]. Santander bank invests in connecting visions. Help small and medium-sized enterprises to obtain consulting services

In 2020, covid-19 Santander launched the Santander X Global Entrepreneurship Challenge. 14 countries’ participants presented various innovative solutions to help SMEs cope with the impact of the new crown. On January 19, 2021, Santander bank announced that it would invest 2 million euros in connecting visions, a Spanish venture that won the competition. Connecting visions was established in 2018. Through an open expert and technical system, it helps SMEs to connect with consulting agencies and obtain strategic guidance in about 10 days. This is really helpful for SMEs with low income and obvious impact from the epidemic.

[3]. Biden appoints Allison Herren Lee as acting chairman of SEC

[4]. Lacework, the cloud security service provider, becomes the first Unicorn enterprise in 2021

On January 7, 2021, lacework, a cloud security service provider, announced that it had gained US $525 million in round D financing, with a platform valuation of more than US $1 billion, becoming the first Unicorn enterprise in the field of network security this year. This achievement of lacework highlights the market’s strong interest in the field of network security. According to statistics, the total amount of financing in the network security industry will reach 11.4 billion US dollars in 2020, an increase of nearly 50% over 2018. Cloud services play an important role in enterprise IT strategy, including providing support for remote work and improving operational flexibility, which is particularly prominent in the current social isolation environment.

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