F|T: The FinTech Times – Excluding Canada

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

Finaeo raises $2.25 million to automate administrative processes for financial advisors

The round was led by Impression Ventures, with participation from 500 Startups, Robo Ventures, and iGan partners.


Stack

STACK RECOMMENDS: Ontario launches plan to teach high school kids financial skills

“A step forward for Ontario as financial literacy, entrepreneurship and digital literacy to be included in Ontario curriculum.”
– Miro Pavletic, CEO and co-founder of STACK


BetaKit

First Block Capital receives approval to operate bitcoin investment fund

First Block Capital has been granted registration as an investment fund manager and an exempt market dealer to operate a bitcoin investment fund.


e27

FinTech startup Lendingkart raises US$10.5M to help more SMEs in India access loans

Lendingkart, which raised the funds from Sistema Asia Fund, will use the newly-raised financing to increase its loan book and strengthen its technology and analytics capabilities.


Finextra

Citizens Bank launches robo-advisor

The robo-advisor, SpeciFi, will provide customized investment guidance and portfolio management.


TechCrunch

Square will apply for an industrial loan company license this week

The license means that Square will be able to offer loans on its own without relying on a partner bank to issue them.


Finextra

Brits lose £600M a year on money transfer fees says new money transfer comparison service

According to Monito’s study, based on more than 100,000 pricing data points, UK residents are paying more than four times more money in fees and hidden exchange rate margins than they would if they were to use the cheapest money transfer option available to them.


City AM

FinTech bonanza? A third of financial technology startups expect to IPO within five years

UK’s Transferwise, Revolut and World Remit are among the country’s innovative financial technology companies with long-term ambitions of going public, signalling the burgeoning industry’s confidence.


BetaKit

Kik excluding Canadians from Kin token distribution event

Kik’s Ted Livingston said a lack of direction from the Ontario Securities Commission was the reason behind the decision.


TechCrunch

Habito, an app that helps you find the right mortgage, raises £18.5M Series B led by Atomico

Habito said the new capital will in part be used to integrate its technology with major retail banks and high street lenders to facilitate “real-time mortgage approvals.”


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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.