Fintech

According to the report, Ribbit Capital, Accel, and Sequoia Capital were the top five active funds who backed Indian fintech companies.

COVID-19 has forced people to self-isolate, which is making people unlearn old methods and move towards digital payments.

This marks the first investment announced by CVentures after it launched in late 2018.

A total of 150 million users had enrolled in various online mutual aid programs in China by the end of 2019.

There are currently more than 800 companies in Tencent’s investment portfolio.

In gaming, Tencent launched “Arena of Valor” to Middle East players while Play3arabi and China’s Wafa Games partnered to arabize “Swords of Glory”.

China’s BSN will greatly reduce the barrier to entry for firms looking to leverage blockchain technology and hopes to expand to include global SMEs.

Fulldive Coins can now be converted into credit for Gojek’s services.