Fintech Daily Briefing

Fintech Daily Information Briefing on [May 06, 2021]

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The following is the Fintech Daily Information Briefing on [May 06, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. Canadian asset management platform wealthsimple received $750 million in financing

On May 3, 2021, Canadian financial technology service maker wealthsimple announced that it had obtained financing of C $750 million, and the platform valuation exceeded C $5 billion. Wealthsimple, founded in 2014 and headquartered in Toronto, mainly provides online asset management services to young millennial investors. The outbreak of COVID-19 has promoted the growth of Wealthsimple platform business. At present, the total number of users of wealth simple has exceeded 2 million, covering the United States, Canada and the United Kingdom, and the asset management scale has exceeded 10 billion US dollars.

[2]. Persona, an authentication infrastructure service platform, received $50 million in financing

On May 4, 2021, persona, a U.S. financial technology startup, announced that it would receive US $50 million in round B financing. This financing is led by Index Ventures and participated by coatue. Founded in 2018, persona provides customized authentication software services for the user platform, covering camera self portrait, Government ID card information comparison, database search and other aspects. At present, square, Robinhood, brex and angellist financial technology platforms are all using persona’s authentication service.

[3]. Honeybook, a financial management platform for small businesses and individual businesses, received $155 million in round D financing

On May 4, 2021, honeybook, a San Francisco based financial technology venture, announced that it would receive US $155 million in round D financing. This financing is led by durable capital partners, with the participation of tiger global management, battery ventures, Zeev ventures, 01 advisors and existing investors such as Northwest venture partners and Citi ventures. Established in 2013, honeybook mainly provides monthly financial management services for small businesses and freelancers, including bookkeeping, user communication, contracts and other aspects. At present, honeybook has raised a total of US $248 million, and the platform valuation has exceeded US $1 billion. In the future, honeybook will continue to use this financing to increase product development efforts, expand the size of the staff team, and increase more financial service options.

[4]. The Bahamas will promote its central bank digital currency, sand dollar, nationwide this summer

The Central Bank of the Bahamas (CBOB) is preparing to promote its digital currency nationwide this summer to attract more Bahamians to register for “sand dollar”. In addition, CBOB is focusing on connecting the sand dollar wallet with the commercial banking system. John rolle, the bank’s president, said the Bahamas government had taken a series of measures to prepare the government and the sand dollar ecosystem.

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