F|T: The FinTech Times – Bad times for Bunz

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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Bunz locks down employee BTZ wallets as former admins lead mass exodus

Following Bunz’s reduction of merchants that can accept its BTZ currency, Bunz Facebook groups have defected from the Bunz brand, rebranding to Palz.


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Trust and identity in a digital world

Our lives are increasingly digital, and authenticating ourselves online — in other words, proving that we are who we say we are — has become a daily activity.


TechCrunch

Bux launches ‘BUX Zero’ to begin offering fee-free trading in Netherlands

Bux, the Amsterdam-based FinTech that wants to make investing more accessible, is launching its fee-free trading app.


FinTech startup OkCredit raises $67 Mn funding from Tiger Global, Lightspeed

The company claims it’s been growing 100% month-on-month with 1.7 Mn merchants on board.


BetaKit

WealthBar partners with Assante Wealth Management to launch online investing platform

The new platform, called Assante Connect, will be built with WealthBar’s robo-advisor technology to pair portfolio managers with digital advice services.


It looks like Uber is getting into the small loan business for its drivers

Uber told drivers this week that it’s building a new financial product and asked them about loans. Critics are concerned it could be a payday loan system that’s predatory.


TechCrunch

Nigerian online-only bank startup Kuda raises $1.6M

Nigerian FinTech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding.


BetaKit

Dapper Labs raises $14.5 million CAD, announces development of new blockchain

The funding will be used to support the development of the company’s new blockchain, called Flow.


Indonesian FinTech startup SuperAtom raises $24m in Gobi Partners-led round

According to a statement, the FinTech startup will leverage Cheetah Mobile’s global user traffic and data platform to develop a comprehensive risk management system.


Middesk nabs $4 mln seed

Middesk, a provider of background checks for businesses, has secured $4 million in seed funding, according to a Medium blog post. Accel Partners led the round with participation from Sequoia Capital and Y Combinator.


QuadrigaCX bankruptcy proceedings to move from Halifax to Toronto

QuadrigaCX’s bankruptcy proceedings are being moved out of Halifax, after a Nova Scotia Supreme Court judge approved Ernst & Young’s (EY) request to move the case to Toronto.


TechCrunch

Max Levchin’s Affirm seeks capital amid surge in FinTech funding

Another consumer finance business is lining up investors for its largest cash infusion yet.


Wallet giant Blockchain raising $50 million crypto fund: report

Crypto wallet and data provider Blockchain is raising a VC fund to invest in industry startups and cryptocurrencies, Yahoo Finance says.


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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.