Video: Top fintech stories this week – 15 January 2021

The FinTech Futures weekly round-up of the industry’s top stories and developments from across the globe.

This week we cover:

 

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Close coffee shops and nurseries during lockdown, voters say in new poll

Observer Opinium survey finds a majority think lockdown rules should be tightened yet further

Most people now believe takeaway coffee shops, cafes and children’s nurseries should be closed in a further tightening of the national lockdown, according to the latest Opinium poll for the Observer.

A majority of voters also think lockdown rules should be tightened on outside exercise with a ban on people walking or exercising with anyone from a different household.

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Mercado becoming markets editor at CNBC

CNBC personal finance writer Darla Mercado is becoming a markets editor for the business news website. She starts her new position next week. As a personal finance writer, she has been writing about taxes, retirement planning,...

The post Mercado becoming markets editor at CNBC appeared first on Talking Biz News.

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Grab’s fintech arm lands $300m Series A

Grab, the Singapore-based ride sharing turned “super app”, has landed a $300 million Series A funding round for its fintech arm.

Led by Hanwha Asset Management – one of South Korea’s Big Three – the round also saw participation from early Grab backers K3 Ventures and GGV Capital. Flourish Ventures, the venture capital firm funded by eBay’s founder Pierre Omidyar, and Arbor Ventures, also participated in the round.

It says it will use the funding to keep serving Singapore’s unbanked population. Southeast Asia as a whole houses an unbanked population of around 290 million, according to US credit agency Fitch Ratings.

Grab launched its first micro-investment service last August

The fintech arm, called Grab Financial Group, saw its total revenues jump up by more than 40% in 2020, compared to 2019.

Just last month, Grab and its partner – major Asian telco Singtel – became just one set of two … Read the rest