F|T: The FinTech Times – Blockchain meets big data

Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.

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STACK FinTech Times


BetaKit

Flexiti Financial raises $6.25 million to scale POS lending platform for retailers

Flexiti Financial raises $6.25 million to scale POS lending platform for retailers


Stack

STACK RECOMMENDS: EY FinTech Adoption Index

“Canada’s on a roll. FinTech adoption rate more than doubles in 18 months.”
– Miro Pavletic, CEO and co-founder of STACK


Finextra

SoftBank invests $250M in Kabbage

The investment, which brings Kabbage’s total funding to nearly $500 million, will be used to expand the company’s lending products for small businesses, push the SaaS platform for banks, and to “explore” non-lending products and services.


BetaKit

Alex Tapscott launches $20 million investment company focused on bitcoin and ethereum

Alex Tapscott is a co-founder of the Blockchain Research Institute.


VentureBeat

When blockchain meets big data, the payoff will be huge

If there is a “sweet spot” for blockchain, it will likely be the ability to turn insights and questions into assets.


Forbes

FinTech startup Bread raises $126 million in bid to finance big online purchases

Bread, which offers consumer financing on large online purchases, raised the round from Menlo Ventures, with participation from Bessemer Venture Partners, RRE Ventures and others.


BetaKit

Lending Loop raises $2 million, launches automated investment platform

Lending Loop said that to date, the company has facilitated over $7 million of financing to small businesses.


Techcrunch

N26 partners with Auxmoney to offer credit to more customers

The expanded loan offers include amounts from €1,000 to €25,000 at a duration of 12 to a maximum of 60 months, and interest rates from 3.95%, depending on maturity and credit rating.


BetaKit

RentMoola raises $5 million to accelerate growth in North America

To date, RentMoola has raised $10 million.


Finextra

ID Finance and Da Vinci Capital launch $200M FinTech fund

The FinTech fund will provide funding to FinTech companies with a focus on alternative lending.


Silicon Republic

Global FinTech investments double to $8.4B in a single quarter in 2017

In the Americas, a single deal – the buyout of Toronto-based DH – accounted for US$3.6 billion in deal value, contributing to more than half the total FinTech funding during Q2’17.


BetaKit

Budgeto wants to turn early-stage entrepreneurs into financial experts

Budgeto said that it will soon surpass over 10,000 startup customers.


FinSMEs

Neyber closes £21M Series C funding

Neyber, which provides a financial wellbeing platform for UK employees, raised the funds from Wadhawan Global Capital and existing investors.


Finextra

Blackstone/CVC agree £2.96 billion deal for Paysafe

The deal will give Blackstone and CVC exposure to the online gambling industry, a significant business sector for Paysafe whose pre-paid digital wallet facilitates bets without taking money from bank accounts.


BetaKit

RBC users can make bill payments with Siri

RBC has also added the ability to make Interac e-Transfer payments within iMessage.



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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.