Brazilian cellular funds app PicPay filed an F-1 with the Securities and Change Fee (SEC) for an IPO valued at as much as $100 million on Wednesday. The corporate plans to record on the Nasdaq beneath the ticker image PICS.
PicPay operates largely as a monetary companies platform that features a bank card; a digital pockets much like that of Apple Pay; a Venmo-style P2P funds aspect; e-commerce, and social networking options.
“We need to remodel the best way individuals and firms work together, make transactions, and talk in an clever, related, and easy expertise,” stated José Antonio Batista, CEO of PicPay, in an announcement.
Whereas the corporate is predicated in Sao Paulo now and operates throughout Brazil, PicPay initially launched in Vitoria in 2012, a coastal metropolis north of Rio. In 2015 the corporate was acquired by the group J&F Investimentos SA, a holding firm owned by Brazilian billionaire brothers Wesley and Jose Antonio Batista, which additionally personal the big meatpacker JBS SA.
2020 was an explosive 12 months for PicPay as the corporate noticed its lively userbase develop from 28.4 million to 36 million as of March 2021. In keeping with the corporate’s 2020 monetary report, which PicPay shared with TechCrunch, the corporate’s revenues additionally grew drastically from $15.5 million in 2019, to $71 million in 2020. The corporate shouldn’t be but worthwhile, nonetheless, and PicPay shelled out $146 million in 2020 to gasoline its progress.
“We consider that the expansion of our base and person engagement in our ecosystem demonstrates the scalability of our enterprise mannequin and divulges an amazing alternative to generate extra worth for these clients,” Batista added.
Fintech is among the hottest sectors in Brazil at the moment, as a result of there’s a whole lot of room for enchancment within the area. The nation has historically been managed by 4 main banks, which have been sluggish to adapt to expertise and likewise cost very excessive charges.
PicPay’s IPO is being led by Banco Bradesco BBI, Banco BTG Pactual, Santander Funding Securities Inc., and Barclays Capital Inc.
*The Brazilian Actual was valued at 5.50 to $1 USD on the date of publication.
NBC will not air the 2022 Golden Globes
NBC has joined the refrain of voices calling for fast, crucial change within the Hollywood International Press Affiliation by refusing to air the organization’s 2022 Golden Globes ceremony. In shedding NBC’s help, the HFPA is now confronted with a option to proceed with subsequent 12 months’s voting and ceremony with out their broadcast accomplice of 25 years or cancel the Golden Globes till they’ll meet the calls for on NBC and of Hollywood at giant.
The controversy surrounding the Hollywood International Press Affiliation, a comparatively small group of leisure correspondents who nominate and vote for the Golden Globes, got here to a head this 12 months for various causes. One in every of which is the published fact that the HFPA has zero Black correspondents and has traditionally under-nominated or outright ignored tasks by and starring individuals of coloration.
Moreover, information that the publicity staff for Netflix’s comedy Emily in Paris flew out a number of members of the HFPA to Paris for a press journey that included 5 star lodging and meals appeared that the HFPA’s votes might be swayed with lavish presents. Emily in Paris received two Golden Globe nominations in 2021.
Because the HFPA scrambled to recuperate from this newfound scrutiny of their inside workings, The Los Angeles Times printed leaked electronic mail textual content from former eight-term President of the HFPA Philip Berk,during which he described the Black Lives Matter motion as a hate group and likened a BLM activist’s dwelling buy in Topanga Canyon to carrying on the work of cult chief Charles Manson (Manson famously brainwashed his followers into committing murders to spark a race warfare, and Berk appeared to think about Black Lives Matter as the identical factor).
In response to those occasions and lots of others, the HFPA promised to broaden their voting physique by 20 new members in 2021 and greater than double their numbers in later years with an emphasis on growing a extra numerous and consultant group. Their plans to take action have been, in keeping with these with insider information of NBC’s break from the HFPA, inadequate within the eyes of the community and couldn’t be carried out in time to make the 2021 Golden Globes a ceremony price airing.
NBC’s announcement comes days after main gamers within the leisure business together with Netflix, Amazon, and lately Warner Media launched statements boycotting the Hollywood International Press Affiliation till the group comes up with concrete plans for change. Warner Media’s statement echoed the conviction of Amazon and Netflix’s bulletins and promised to “chorus from direct engagement with the HFPA, together with sanctioned press conferences and invites to cowl different business occasions with expertise, till these modifications are carried out.”
On a extra particular person degree, the controversy surrounding the HFPA has prompted A-Listing actors to talk up and take motion with regard to their expertise with the affiliation. Tom Cruise, a 3 time Globe winner, physically returned the trophies he gained for Jerry Maguire, Magnolia, and Born on the Fourth of July to the HFPA in presumed protest of the awards.
Scarlett Johansson also released a statement that clarified her discomfort with working with the HFPA, which to her “usually meant dealing with sexist questions and remarks by sure HFPA members that bordered on sexual harassment.” Johansson’s Avengers co-star Mark Ruffalo, who simply gained a 2021 Golden Globe for I Know This A lot Is True, informed Deadline that “as a recent winner of a Golden Globe, I can not really feel proud or glad about being a recipient of this award.”
Ford reveals title of its first electrical pickup truck
Ford will livestream the launch of its first electrical F-150 subsequent week. And it has a really acquainted title.
The pickup truck shall be referred to as the F-150 Lightning. Sure, that is additionally the title of a particular version of the popular Ford truck launched within the Nineties.
The F-Sequence dates again to the Nineteen Forties, however the F-150 Lightning is the corporate’s first electrical pickup truck. Ford’s Mustang Mach-E, which arrived late final yr, was the U.S. automaker’s first all-electric SUV.
The Lightning is expected to start at about $70,000 and include twin electrical motors for all-wheel drive. It would compete with a rising record of electrical vans, together with the Tesla Cybertruck, GMC Hummer EV supertruck, Chevy Silverado EV, and Rivian R1T.
You’ll be able to watch Ford unveil the truck at its Michigan headquarters on Might 19 at 9:30 p.m. ET on the corporate’s Fb, YouTube, and Twitter pages. The livestream can even be proven at IRL places comparable to Instances Sq. in New York Metropolis and on Las Vegas Boulevard.
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