Fintech Daily Briefing

Fintech Daily Information Briefing on [March 16, 2021]

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The following is the Fintech Daily Information Briefing on [March 16, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. Global financial technology financing reached a new high in the first quarter of 2021

Half a month before the end of the first quarter of 2021, CB insights reviewed the trend of global financial technology investment at this stage. The statistics are based on the statistics as of February 28, 2021. According to the data, in the first quarter of 2021, the total amount of global financial technology financing exceeded 13.4 billion US dollars, reaching a new high since the second quarter of 2018. The above financing activities are mainly concentrated in North America, Europe and Africa. Among them, there were 33 large amount financing transactions.

[2]. First digital Bank of Israel starts trial operation

On March 14, 2021, the first digital Bank of Israel began trial operation. The bank was approved last year and is the first new banking institution in Israel since 1978. First digital bank has no physical branches, provides services online through artificial intelligence and other innovative technologies, and focuses on retail business (including home credit and deposits). At present, first digital bank has 140 employees and plans to officially put into operation by the end of 2021.

[3]. Canadian digital bank Koho receives us $70 million round C financing

Recently, according to betakit, digital Bank of Canada Koho announced that it will obtain US $70 million in round C financing. This financing is led by TTV capital and participated by drive capital and portag3 ventures. Koho has been established for less than two years, mainly providing mobile terminal pointing and savings services. At present, Koho has attracted more than 120000 users and gained $42 million in funding support in last year’s round B financing.

[4]. Stripe, a digital payment company, received US $600 million in financing, with the participation of the Irish national finance authority

According to official news, stripe, a digital payment company, has announced that it has completed the financing of 600 million US dollars (500 million euros) at a valuation of 95 billion US dollars (80 billion euros). Allianz x, AXA, Baillie Gifford, Fidelity Management & amp; amp; Co., Ltd; Research company, Sequoia Capital and Ireland’s national treasury management agency participated in the investment. The company will use the funds to invest in its European operations, especially its headquarters in Dublin, to support the strong demand of major European enterprises and expand its global payment and capital network.

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