Fintech Daily Briefing

Fintech Daily Information Briefing on [January 25, 2021]

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

[1]. Singapore used car trading platform carro gets us $150 million financing

According to tech in Asia, Singapore’s second-hand car trading platform, carro, has received $150 million in financing from Mitsubishi Group’s successor, MS & amp; ad ventures. Based in Singapore, carro mainly provides used car trading services and various vehicle maintenance and insurance services.

[2]. Tradeteq, a trade financing network platform, completed US $9.4 million round a financing

Recently, tradeteq, a trade financing network platform, announced the completion of US $9.4 million round a financing. Tradeteq provides technology and services for banks, credit insurance companies and asset managers to simplify asset allocation and reduce friction costs through automation. Since its inception, tradeteq has raised more than US $16 million. This financing will be mainly used for product development and business expansion.

[3]. Davos agenda 2021 contains the theme of digital currency

On January 25, 2021, Andrew Bailey, governor of the Bank of England, and Hikmet Ersek, chief executive of Western Union remittance, will participate in the online panel discussion on “resetting digital currencies” held by the 2021 world economic forum. Other panel members included Elizabeth rossiello, CEO of BTC Africa S.A., and Glenn h. Hutchins, CEO of North Island ventures. The meeting will focus on the weakening role of cash and the emergence of central bank digital currency (CBDC).

[4]. At least eight cryptocurrency companies are following or planning IPOs

The IPO boom in the stock market has spread to the field of encryption, according to an article published by Bloomberg. At present, at least eight cryptocurrency companies, such as coinbase, eToro, microbt, Gemini, bitmainland and bitfury, are paying attention to or planning IPOs, according to information from institutions such as Renaissance Capital. Matt Maley, chief market strategist at Miller Tabak + Co., said potential IPO waves are usually seen at the end of a bull market. Although this trend may not indicate the imminent collapse, and he favors the encrypted currency, it still reminiscent of the boom of the Internet bubble in the early 2000s.

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