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RateHub raises $12 million Series A to build end-to-end mortgage platform
(BETAKIT)
The company plans to launch a new suite of tools allowing Canadians to compare home, auto, and life insurance policies.
Beyond the bitcoin bubble(NYTIMES)
Yes, it’s driven by greed — but the mania for cryptocurrency could wind up building something much more important than wealth.
Revolut launches geolocation-powered travel insurance (TECHCRUNCH)
Revolut’s Pay-per-Day travel insurance uses the company’s geolocation technology to pinpoint a customer’s location, and will automatically activate the coverage when it is required and switch it off when they return home.
Vancouver-based InvestX fund now accepting cryptocurrency(BETAKIT)
Investors choosing to invest with cryptocurrency can have funds can transferred directly from their wallet to the InvestX wallet.
AI FinTech startup Trend Lab secures $12.7 million angel funding(FINEXTRA)
Trend Lab develops AI solutions for the FinTech market in the Asia Pacific region.
Ripple is sitting on close to $80 billion and could cash out hundreds of millions per month — but it isn’t (CNBC)
Ripple develops software that banks use for fast global financial settlements. But almost all of its current value comes from being the creator and majority holder of XRP, a digital currency that was obscure a year ago, but now has a total market value of about $130 billion.
Coinbase acqui-hires Memo.AI technical team management tool (TECHCRUNCH)
For Coinbase, the acquisition comes at a time where the team is rapidly scaling its engineering efforts to account for the sudden boom in cryptocurrency investments.
Yahoo Finance has a plan to become the Uber of saving money(QZ)
Yahoo Finance has launched Tanda, an app that uses the concept of a “money pool” to allow small groups of either five or nine people to save money together for short-term goals.
Globalive Technology Partners and Nuuvera using blockchain to ensure safety in cannabis products (BETAKIT)
Nuuvera wants to use blockchain to validate the integrity and grade of cannabis products.
French cryptocurrency wallet maker Ledger raises $75 million (CNBC)
Ledger, which makes hardware wallets for cryptocurrencies, raised the Series B round from European venture capital firm Draper Esprit.
Curve, the FinTech that connects all your cards to a single card and app, gets full consumer launch (TECHCRUNCH)
CEO Shachar Bialick described the consumer launch as a major milestone for the company, noting that 50,000 people have signed up to its waitlist, in addition to the 100,000 or so users who joined Curve in its beta phase.
Varo Money raises $45M on quest to become a bank (PYMNTS)
Varo Money, which offers a debit card and loans through its app and uses machine learning to predict income and bills, raised the funds from Warburg Pincus and The Rise Fund.
