Fintech Daily Briefing

Fintech Daily Information Briefing on [March 11, 2021]

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The following is the Fintech Daily Information Briefing on [March 11, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. Grab, a giant of sharing travel in Southeast Asia, may go public in the United States in the form of spac

Recently, according to foreign media reports, grab, a giant of sharing travel in Southeast Asia, may go public in the United States in the form of SPAC. At present, JPMorgan and Morgan Stanley are working with grab to find a suitable spac institution. Of course, grab does not completely rule out the possibility of listing in the United States through traditional IPO forms. At the end of 2020, grab had a merger negotiation with gojek, an Indonesian competitor, but the progress was not smooth. Gojek is now considering a merger with Pt tokopedia, a local e-commerce platform. In the past year, spac has been popular in the market, and Southeast Asian Unicorn enterprises including traveloka are also considering listing through this mode.

[2]. US Senate banking committee approves Gary Gensler’s nomination as SEC Chairman

The U.S. Senate Banking Committee approved Gary Gensler’s nomination as chairman of the U.S. Securities and Exchange Commission with 14 votes in favor and 10 votes against. Gensler also faces a final vote in the entire Senate. Earlier, Gensler called cryptocurrency a “catalyst for change” at a Senate confirmation hearing on March 2.

[3]. With us $150 million financing, zego has become the first Unicorn venture in the UK insurance technology industry

Recently, insurance technology company zego announced that it has obtained US $150 million in financing, with a platform valuation of US $1.1 billion, becoming the first Unicorn venture in the field of insurance technology in the UK. The financing was led by DST global, followed by taavet hinrikus, target global, balderton capital and latitude, the founders of transferwise. Zego is an auto insurance service provider, offering a wide range of products including pay as you go, annual insurance policies for commercial fleets, self-employed people and riders. Currently, zego’s services cover more than 200000 vehicles in five countries. In the future, zego plans to use this financing to continue R & D and expand its services to more European markets.

[4]. Nigeria pays Unicorn flutterwave for us $170 million financing

According to techcrunch, B2B payment service company flutterwave announced that it has raised $170 million in round C financing. This round of financing is led by Avenir growth capital and tiger global. It is reported that flutterwave has raised US $20 million and US $35 million in round a and round B financing respectively.

[5]. Techemynt launches regulated stable currency in New Zealand

Recently, New Zealand’s first legal stable currency officially appeared. It is reported that this New Zealand dollar stable currency ($nzds) is issued by techemynt, supported by New Zealand dollar one-to-one, and deployed on the Ethereum blockchain by blockchain labs. Techemynt, which issued the stable currency, is linked to techemy capital, a crypto hedge fund.

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