This article is from cointelegraph.com.br and the original article can be read here in Portuguese
Marvin, a fintech that provides payment solutions for companies, has just announced a new round of USD 15MM, led by the American Canaan fund. This is the company’s third fundraising in just over a year.
“We talked to more than 120 funds, went out looking for an investor and found a partner, this makes all the difference in the way we run the business”, comments the co-founder of the Brazilian fintech, Bernardo Vale.
At the moment, Marvin has more than 25 industries in its portfolio, including: Ale, Boticário and Alpargatas.
“The accelerated digitization of Brazilian commerce, payment methods and financial products, combined with the recent efforts by the Central Bank to redesign the rules for registering card receivables, has unlocked new opportunities for innovation in B2B payments. Marvin is building an entirely new infrastructure layer that will leverage market expansion for the country’s largest suppliers and alleviate cash flow for thousands of retailers,” said Brendan Dickinson, general partner at Canaan.
Cryptocurrency ETF from Europe arrives at B3
ETC Group announced the launch in Brazil of BTCetc (Bitcoin Exchange Traded Crypto), the first cryptocurrency ETP (Exchange Traded Product) to be traded on the German stock exchange XETRA and one of the most traded funds of its kind in all of Europe. The product comes to B3 soon and will be available under the ticker BTCE11.
Listed on B3, BTCE11 will give exposure to bitcoin, as well as most cryptocurrency ETFs already available on B3. According to the company, the BTCE11 is the first product in an extensive line that ETC Group intends to bring to Brazil.
“Our arrival in Brazil marks another step in our globalization process, at a time when investors in the country are more mature and interested in diversifying their portfolio with crypto products”, says Veronica Pimentel, Distribution Director at ETC Group for Latin America.
The company’s arrival in the country takes place in partnership with the manager Kanastra, an Asset Management as a Service platform and will be managed by Vortex, an infrastructure fintech for the capital markets with more than half a trillion assets on its platform.
Ribus releases research on real estate tokens in Brazil
Who also has news is Ribus, which announced the results of a survey carried out by the company on real estate tokens in Brazil. The company identified the average profile of consumers who are interested in tokens as a form of investment.
According to the research, those who invest in real estate tokens are basically the same investors in the traditional real estate market. The average age is between 35 and 55 years old, a more conservative profile, who are already an investor in both cryptocurrencies and stocks.
The younger generation, up to 34 years old, in turn, shows some resistance regarding the type of investment. This means, therefore, that the main customers of utility tokens come from the traditional real estate market, that is, those who like to invest in properties, such as auctions, rentals, among others.
“The token gives investors greater liquidity in the same period as the investment made in the auction, for example. We accept the property as payment for the purchase of tokens, paying the full amount faster than the sale itself”, explains Marcelo Magalhães, CEO of Ribus.
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