Today in FinTech: Brazilian FinTech Cerc Readies IPO; Revolut Thinks Global; Fiserv, Finicity Share Data – PYMNTS.com

In today’s FinTech news, Brazil’s FinTech Cerc is preparing to go public while Revolut is eyeing worldwide growth. Plus, Finicity and Finserv are collaborating to bring meaning to data collection.

Brazilian exchange receivable firm Cerc is looking toward a $100 million initial public offering (IPO) in funding as the company moves from its earlier beginnings seven years ago to help owners of receivables use them as collateral to get cheaper credit.

“We are negotiating funding with up to five fund investors to invest in new businesses,” Cerc founder and Chairman Marcelo Maziero told Reuters. “We should close in 2022 ready for an IPO.”

Super App Revolut Expands Globally

Revolut has a customer reach that goes beyond 18 million customers worldwide, but the firm is still striving to build out its platform to reach more users.

Its new remittance offer makes it possible for customers from the U.K., the European Union, Iceland, Liechtenstein, Norway, Japan, Singapore and Australia to send…

Read Full Story: https://www.pymnts.com/technology/2022/today-in-fintech-brazilian-fintech-cerc-readies-ipo-revolut-thinks-global-fiserv-finicity-share-data/

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source: https://news.oneseocompany.com/2022/03/30/today-in-fintech-brazilian-fintech-cerc-readies-ipo-revolut-thinks-global-fiserv-finicity-share-data-pymntscom_2022033017110.html

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