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.
Coinsquare adds BMO as banking partner (BETAKIT)
Coinsquare can now use BMO to streamline the process of depositing and withdrawing funds.
Zafin Recommends: Banking on Millennials: Balancing Branch Preferences And Digital Expectations (THE FINANCIAL BRAND)
Knowing what’s really important to consumers is critical to acquisition, retention and cross-selling in the banking industry. But Millennial stereotypes frequently fool financial marketers, muddling their marketing strategies with faulty assumptions.
FinTech startup DrumG raises $6.5mm Series A to build next generation enterprise blockchain-based business networks for global financial services (TECHSTARTUPS)
The funding was led by global blockchain company ConsenSys.
Kooltra raises $6.5 million to modernize foreign exchange industry (BETAKIT)
The round was led by Hyde Park Venture Partners, Round 13 Capital, Salesforce Ventures, and existing investor Real Ventures.
African financial technology startups move beyond payment services (TECH CRUNCH)
If mobile money was the first phase in the development of digital finance in Africa, the next phase of digital financial services on the continent will focus on lending, insurance, and wealth management.
Bitcoin startup Acinq raises $1.7 million to double down on lightning
Acinq, one of the leading startups working on the lightning network, a top-level layer aiming to boost the number of transactions bitcoin can support, raised the funding from Serena Capital, with participation from Talend co-founder Bertrand Diard, Sebastien Lucas, Alistair Milne and Snapcar founder Yves Weisselberger.
Slice Labs raises $25 million CAD to help insurers reach the gig economy
The company enables insurers to provide on-demand insurance for industries like ridesharing and homesharing.
FinTech firm Curve looking to raise $50 million to become the ‘Amazon of banking’ (CNBC)
Curve has created an app that brings all a person’s various accounts together and allows users to spend money using one card. But the important point is that it is not a bank.
How the 22-year-old founders of Brex built a billion-dollar business in less than 2 years (TECH CRUNCH)
Brex, which provides startup founders access to corporate credit cards without a personal guarantee or deposit, has raised a $125 million Series C round led by Greenoaks Capital, DST Global, and IVP.
ASIC signs FinTech innovation arrangements with Luxembourg and the US
The Australian Securities and Investments Commission (ASIC) has announced signing two agreements with international counterparts, aiming to cooperate and support innovation in their respective financial technology initiatives. The agreement will provide a framework for cooperation to allow the information sharing on both fintech and regtech.
Afin creates FinTech marketplace and sandbox (FINEXTRA)
The Asean Financial Innovation Network (Afin) has launched API Exchange, a cross-border marketplace and sandbox for financial institutions and fintech firms to work together on financial inclusion projects.
Former Shopify employees raise $20 million CAD for insurtech startup Cover
The US-based company is planning a Canadian expansion.