In today’s digital priority banking news, the German neobank N26 sees a future IPO while hiring a new finance manager (CFO), while the FinTech app Goalsetter raised $ 3.9 million in a seed round. Also, Grab is reported to have selected Morgan Stanley and JP Morgan Chase for a possible IPO.
As N26, the German-based financial technology company is looking for a possible future IPO, Dr. He acquired Jan Kemper. Kemper will replace Co-Founder Maximilian Tayenthal, who will join neobank in the second half of this year and become Co-CEO with Co-Founder Valentin Stalf. Supported by Li Ka-Shing and Peter Thiel, the N26 launched its first products in 2015 and is one of Europe’s most valuable non-listed FinTechs.
The Goalsetter, the new start in financial technology, earned $ 3.9 million in an Astia-led seed tour with the participation of Phoenix Suns ‘Chris Pau, Brooklyn Nets’ Kevin Durant and others. The goal setter is a financial literacy and savings tool for young people and children, with a particular focus on educating young people of color. The mobile banking program also allows peer-to-peer (P2P) transactions and money transfers. One of the goal setters allows parents to lock their debit cards until their children have finished their weekly financial literacy exams.
Grab, a car sharing and distribution company in Southeast Asia, reportedly selected JP Morgan Chase and Morgan Stanley for a potential $ 2 billion IPO. It was reported that the public offering could take place in the second half of this year, while additional financial institutions could be added while negotiations continue. In December, it was thought that Grab and Gojek were approaching a mega merger. Had the deal been made, it would probably be the largest merger of online businesses in Southeast Asia.
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