Fintech Daily Briefing

Fintech Daily Information Briefing on [March 09, 2021]

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The following is the Fintech Daily Information Briefing on [March 09, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. Agentsync, a US insurance technology platform, received US $25 million in financing

Recently, agentsync, an insurance technology start-up in the United States, announced that it had received US $25 million in financing. The financing was led by lead Gil and crafts ventures, and participated by Benioff, caffeinated capital, operator collective and nine four ventures. Agentsync was established in 2018. The platform integrates the regulatory database with the core business system and realizes the automation of key business processes related to compliance. After the completion of this financing, the valuation of agentsync platform has reached US $220 million.

[2]. PayPal plans to acquire cloud infrastructure provider curv

On March 8, 2021, PayPal announced plans to acquire curv, an Israeli cloud infrastructure provider for digital asset security. PayPal plans to complete the acquisition in the first half of 2021, and the specific terms of the transaction have not been disclosed. Just a few months ago, PayPal announced that it wanted to “help shape the role of digital money in future financial services and business activities.”.

[3]. Starling bank, a digital bank, won 272 million pounds of financing, making it one of the “unicorn” start-ups

On March 8, 2021, British digital bank starling bank announced that it had obtained 272 million pounds of round D financing. The financing was led by fidelity and participated by Qatar Investment Authority, RPMI railpen and Millennium management. After the completion of this investment, the valuation of Starling bank platform has reached 1.1 billion pounds, ranking among the “unicorn” start-ups. Starling bank was founded in 2017. At present, the total number of user accounts exceeds 2 million, including more than 300000 small business accounts. In the future, the fund will be used to expand starling bank’s market in the UK and Europe, as well as possible M & A transactions. At present, the deal is still waiting for regulatory approval.

[4]. The IRS is launching a new anti tax fraud operation to track unreported encrypted transactions

The IRS is launching an anti tax fraud operation called operation hidden treasure. The working group of IRS is composed of agents trained in cryptocurrency and virtual currency tracking, focusing on taxpayers who ignore cryptocurrency income from tax returns, aiming to eliminate tax evasion of cryptocurrency owners.

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