F|T: The FinTech Times – A $500 billion boost from intelligent automation

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.


BetaKit

Kik’s Kin Foundation investing up to $3 million to developer program

The Kin Developer Program will offer up to 25 selected developers nearly $3 million in fiat currency and Kin as they launch their own Kin economies over a six-month period.


pymnts.com

Paidy raises $55 million in round of funding

Paidy, which instantly issues post-pay credit accounts linked to mobile phone numbers, raised the Series C round from ITOCHU Corporation, with participation from Goldman Sachs.


techcrunch

Uber now lets you pay for rides and food via Venmo

The integration will also enable people to easily split the cost of food orders and rides with friends within the Uber app.


betakit

US court dismisses StarCoin’s lawsuit against Vancouver-based CryptoKitties

The timeline of events showed that CryptoKitties had its own ideas for celebrity partnerships and celebrity-inspired collectibles prior to any discussions with StarCoin.


finsmes


Small business insurance company Next Insurance raises $83 million

The round was led by Redpoint Ventures with participation from Nationwide Insurance, Munich Re, American Express Ventures, Ribbit Capital, SGVC, TLV Ventures and Zeev Ventures.


betakit

Coinsquare launches white label licensing platform

In Canada, the company has partnered with businesses to offer an API solution that will facilitate integrations into new or existing applications and give end-users access to digital currency trading.


vb

Oasis Labs raises $45 million for ‘privacy first’ cloud on blockchain

The funding round included a16z crypto, Accel, Binance DCVC (Data Collective), Electric Capital, Foundation Capital, Metastable, Pantera, Polychain, and others.


finextra

Banks stand to reap $512 billion revenue boost from ‘intelligent automation’

With banks the world over exploring the business case for AI and robotic automation, a new report estimates that hundreds of billions of dollars in additional revenue may be up for grabs as the focus moves away from costs savings to income generation.


techcrunch

Aspire Capital offers fast finance for SMEs in Southeast Asia

The principle behind the business is to make business financing quick and simple.


betakit

Equifax and Thinking Capital launch payments platform for small businesses and suppliers

According to Equifax, BillMarkets can benefit Canadian small businesses by freeing up their working capital by extending supplier payments for up to 120 days, provide suppliers with real-time credit insights, and enable on-time payments.


Subscribe to F|T: The FinTech Times newsletter

* indicates required




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.