73% of Brazilian startups never received investments

Although Brazilian fintechs received more than US$1 billion in 2020, this figure remained in the hands of a few companies.

73% of Brazilian start-ups never received investmentsNOTHIES

The Brazilian Association of Startups (ABStartups), in partnership with Sebrae, released this week the study Community Mapping 2020, revealing that 73% of Brazilian companies in the sector never received investments.

OriginalMy wins startups award from UAE Ministry of Economy
The mapping also draws attention to other important data. In Bitcoin Investor addition to the vast majority of companies that have never received inputs, 51% of start-ups said they felt the pandemic had a major impact on selling and attracting customers, while 26% of them have no women on staff and almost 60% of technology companies are small teams of one to five people.

Digital Revolution‘: Scholarship Presents Startups‘ Legal Framework That Goes to Voting
Ana Flávia Carrilo, a representative of the sector’s association, explained to Monitor Mercantil that the study’s „Communities“ consist of six pillars: access to the market, talent, access to capital, culture, density and regulatory environment. And she explains:

„Within these pillars we bring information about events, inspirational cases, training, support, government programs, relationship with large companies, generation of talent, relationship with the press of each exhibited community“.

The study should serve to give the startups sector a deeper picture of the characteristics of this industry, and according to Carrilo, from it „public and private initiative can plan actions for the future“, having clearer objectives and challenges to be faced:

„More than showing what the start-ups do for our country, from the economic and social point of view, the Mapping of Communities points out some challenges that we have, such as the insertion of women into these technological environments“.

Google chooses Bitcoin platform for startup acceleration program
The Community Mapping figures contrast with the huge volume of inputs received by major companies in the sector, especially fintechs, which in 2020 already received US$1 billion in investments.

SBI pays e-athletes with XRP

Japanese financial group SBI Holdings recently signed contracts with two e-athletes. They receive their salary in the form of the cryptocurrency XRP.

According to a press releaseFrom October 15, 2020, the Japanese company SBI Holdings hired two professional e-athletes

The special thing about it is that Bitcoin Code pays the salaries of the talents in the form of the crypto currency XRP. The e-athletes Kenji Suzuki and Subaro Sagano would have wished for this in their contracts. Thus, SBI e-Sports not only strengthens its presence in the e-sports scene, but also drives its own crypto growth.

SBI e-Sports was founded in June 2020 and is a subsidiary of SBI Holdings. It seems like the company is looking to take the opportunity to accelerate the adoption of XRP. In September 2020, the company announced a sponsorship deal with SBI VC Trade . The company is pursuing a plan to create a market for digital assets and cryptocurrencies based on the „customer-centric principle“.

SBI: Long been on the crypto course

Even then, the intent of the treaty became clear. It was determined that e-athletes should be paid their annual salary exclusively in XRP. The two new members of the e-sports department announced via social media that we are very happy about their contract. They would do their best to support SBI e-Sports and fuel its growth. They didn’t say a word about the fact that their salary was paid exclusively in XRP.

In addition to e-sports, SBI primarily promotes the use of other crypto products. The company made it clear that its ambitions were far higher, however.

As an innovator creating service companies with the help of crypto assets, we want to develop and maintain a healthy market based on customer focus, improving prices, increasing liquidity, etc.

How serious SBI is with the blockchain can be seen in the fact that the e-sports department announced that it will be issuing its own security token . An offer that would earn the company 50 million yen is expected to close on October 30th.