NIO is raising around $740 million in cash through a placement of 85 million new shares to Abu Dhabi-linked CYVN Holdings. Read an analysis of NIO stock here.
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It has been estimated that by 2022, the total amount of fintech businesses involved in Payments & Transfers, Alternative lending, E-Wallets and Digital-banking increased from 34 to 1254. This is a massive 3588% rise over the two decades, accounting for 15.4% of all operational fintech companies.