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.
Money-free trading community Bunz recently announced a new in-app advertising initiative, looking to reward users for viewing advertisements and sharing data.
The loan platform has closed an asset-backed securitization of $700 million, which it says it the largest transaction of its kind for an online lending platform focused on small businesses.
Embattled crypto exchange firm QuadrigaCX received approval from a Nova Scotia judge to transition its restructuring proceedings into a bankruptcy case.
Naspers-owned PayU acquires US payments firm Wibmo for $70M (DEALSTREETASIA)
The acquisition will bring together PayU’s strong merchant network and Wibmo’s digital transaction security solutions expertise for merchants and financial institutions in India and other high growth markets.
In one of the largest Series C funding rounds ever raised by an Africa-focused startup, mobile lending app Branch International has raised $170 million.
FinTech startup Koho recently launched a new feature and website to help Canadians find hidden bank fees.
A record $2.5B went to US insurance startup deals last year, and big insurers are in all the way (TECHCRUNCH)
Venture funding for insurance and insuretech companies hit all-time highs in 2018, according to Crunchbase data, with both global and U.S. totals reaching record levels.
Flexa intends to create a payment network for retailers that would reduce costs, overhead, and fraudulence by means of blockchain-based settlements.
Cashfree, an India-based startup that specializes in making corporate banking services more accessible and easier to use, has closed a $5.5 million Series A round.
Total cross-border transfers to and from individuals and small businesses come to $10trn a year. But a hefty chunk is taken in fees along the way.