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.

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

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.

Paidy raises $55 million in round of funding (PYMNTS)

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.

Uber now lets you pay for rides and food via Venmo (TECHCRUNCH)

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

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.

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.

Coinsquare launches white label licensing platform (COINSQUARE)

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.

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

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

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

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.

Aspire Capital offers fast finance for SMEs in Southeast Asia (TECHCRUNCH)

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

Equifax and Thinking Capital launch payments platform for small businesses and suppliers (BETAKIT)

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.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

0 replies on “F|T: The FinTech Times – A $500 billion boost from intelligent automation”