FinTech Weekly - Fintech News Issue #333

SoFi Technologies is a fintech company that went public earlier this year. With a 3-digit percentage growth, this company is extremely interesting for investors who want to explore fintech stocks. Matt Frankel is one of those explorers.

Changpeng Zhao wants Binance to become the first blockchain with one billion users.

The CEO of Binance announces that the company launched a $1 billion Growth Fund for Binance Smart Chain adopters, to help fintech companies who want to use BSC to build their projects.

Binance focuses on blockchain-rich regions like Russia, India, South East Asia, Europe, the US and South America, to manage the growth of blockchain adoption regionally.

The BSC will work closely with fintech comapnies, crypto advisors, blockchain researchers and influencers.

Web 3.0 is a reality. Major fintech companies are collaborating with or integrating cryptocurrencies.

Among these companies, Stripe can be considered a pioneer.

The co-founder of Stripe John Collison points out that the company started coding one year after the launch of Bitcoin's whitepaper, always keeping an eye on the progress of cryptos.

Hong Kong University of Science and Technology (HKUST) and BTC.com announced their partnership to explore cutting-edge financial technologies.

The HKUST Big Data Institute, with its research and acedemic strengths, and Bitcoin.com, with its strong inductry experience, want to create the right environmente for developers, researchers and entrepreneurs, with the goal of creating new benefits for the whole society.

GPS - Global Processing Services - is a payment fintech that is focusing on delivering innovative card programs and financial services via API.

Its services are so innovative that the company managed to raise over $300 million with investors like Advent International and Viking Global Investors - who will control the company.

Peter James, Director at Advent International, defined GPS's services as a real revolution.

With COVID-19 pandemic, TripActions stopped focusing only corporate trip booking.

Its revenue dropped to $0 during the worst time of the global crisis, but the company found a smart way to raise capital leveraging fintech solutions.

By creating TripActions Liquid, a unified and unique T&E solution, TripActions managed to raise over $1 billion in funding rounds.

Traditional banking systems make it very hard for people to take loans: documents required and credit score allow just a few to be able to be compliant with banks needs.

But fintech is increasing our financial opportunities and creating an inclusive economy.

Juniper Research awarded Huawei with Future Digital Awards in Fintech & Payments.

This prize is for companies that provide outstanding financial products and services across several industries.

Huawei deserved the prize especially for its contribution to growing digitalization in emerging markets, strongly recognized in the industry during the pandemic.

PhonePe and NBBL announced their partnership to create ClickPay, an easy-to-use digital system crated to make recurring payments.

Ankit Gaur, Online Merchants at PhonePe, consider this a fruitful partnership that will allow a further adoption of digital payments and a way to avoid mistakes due to manual inputs.