In today’s top news, Wise plans to go public in London via direct listing, and Ant Group could go public at a slashed valuation. Plus, Tripadvisor has launched a new subscription services just as travel makes its rebound.
Wise — formerly TransferWise — is planning a direct listing on the London stock Exchange, which would be the first of its kind on London’s main market. The listing could value the FinTech between $6 billion and 7 billion, making it one of the largest floats in 2021.
China’s Ant Group could go public before 2021 closes out, although the tech giant’s valuation is anticipated to be reduced to $120 billion, down from its $320 billion valuation last year. And the tech giant might also have to allocate more fund to its new consumer finance division to support credit growth.
Tripadvisor’s new $99-per-year Plus subscription services gives users discounts on hundreds of thousands of hotels worldwide, as well as savings on things like tickets, tours and attractions, access to rental car savings and benefits with Hertz and personalized travel advice.
India’s FamPay, a startup that is building a digital bank aimed at teenagers, has raised $38 million in venture capital. The company will use the cash to build its team and further fuel growth.
Here’s a data point: Clunky onboarding practices keep 63 percent of digital banking applicants from completing sign-up. In the Authenticated Payments Report, Fremont Bank’s Vivian Yeung explains the role of proactively analyzing customer drop-off points to streamline onboarding.
Tourists are returning to global cities and vehicle sharing is picking back up. In latest Future Of Identity Report, Shirly Kalush, of mobility company GoTo Global, explains how robust digital identity verification measures can reassure users of their online — and physical — safety of eBike riders, scooter renters and rideshare users.
It used to be an Amazon thing, but it sems suddenly everybody who’s anybody in retail is jumping on the marketplace bandwagon to lure consumers and boost sales. What remains to be seen is how well brands flipping the script and borrowing Amazon’s innovation will work out.