Fintech Daily Briefing

Fintech Daily Information Briefing on [May 10, 2021]

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The following is the Fintech Daily Information Briefing on [May 10, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. South Korea’s national police has banned police officers from buying cryptocurrency

Recently, South Korea’s National Police (KNPA) issued a notice forbidding public officers in the police station to buy cryptocurrency, and they are obliged to report their own cryptocurrency, otherwise they will be fined.

[2]. Bill.com Announces Acquisition of divvy

Bill.com is a cloud software service provider, which aims to provide automated, convenient and digital background financial services for small and medium-sized enterprises. On May 7, 2021, bill.com announced that it will acquire divvy, an expense management platform, which will help enterprises simplify their financial processes through innovative expense management software and smart enterprise cards. At present, the transaction is still waiting for regulatory approval. If the transaction is completed, it is expected to bring more market space for both sides.

[3]. Uala, Argentina’s Digital Banking startup, will invest $64 million in South America

On Friday, the head of uala, a Digital Banking start-up, said it would invest $64 million in Argentina and Mexico to double its business size as it tried to persuade more Latin American users to switch from traditional banking to Digital Banking. Pierpaolo Barbieri, its founder, told Reuters the investment would be used for staff recruitment and venue rental.

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