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The following is the Fintech Daily Information Briefing on [January 27, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
. Sidecar health, an insurance technology platform, received US $125 million in financing, with a platform valuation of US $1 billion
Recently, sidecar health, an insurance technology company, announced that it had obtained US $125 million in round C financing, with a platform valuation of US $1 billion. The financing was led by drive capital, with new investors bond, tiger global and Menlo ventures, as well as existing investors Cathay innovation and GreatPoint ventures. Sidecar health, founded in 2018 and headquartered in California, provides users with cheaper and more flexible health insurance services. In the future, sidecar health plans to use financing to further expand the platform service coverage and expand the service team.
. Albert, the US financial management service platform, obtained US $100 million in round C financing
On January 16, 2021, Albert, an American financial technology company, announced that it would obtain US $100 million in round C financing. The financing was led by general Atlantic, and participated by capital g, portag3 and QED. After the completion of this financing, Albert’s accumulated financing amount has reached 173 million US dollars. Founded in 2016, Albert is committed to realizing the popularization of financial management through the online platform, and helping users save and invest by means of technology and labor. Since its establishment, albrt has attracted more than 5 million users and launched new services such as financial education and insurance planning last year.
. The Central Bank of the Philippines formulates a licensing system for digital asset companies
With the introduction of clear encryption regulations in Southeast Asian countries, the Central Bank of the Philippines (BSP) has also announced that it will develop a broader licensing system for its digital asset companies. In the future, all encryption financial services companies in the Philippines will have to be licensed by BSP. As a result, cryptoexchanges and hosting platforms must now be approved by the central bank. The expanded regulatory regime also includes cryptocurrency derivatives platforms.
. Alma, a French “buy before pay” service provider, won 49 million euro round B financing
Recently, Alma, a French “pay before you buy” service provider, announced that it has won 49 million euros in round B financing. This financing is jointly provided by Cathay innovation, idinvest, bpifrance, seaya ventures and Picus capital. Just a year ago, Alma completed a round a financing of 12.5 million euros. Alma said the financing will be mainly used to accelerate product development for retail consumers, and plans to treble the total number of employees and platform merchants this year.
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