F|T: The FinTech Times – Bitcoin vs. basic economic rules

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.

RateHub reports generational divide when it comes to trust in FinTech(BETAKIT)

Forty-seven percent of millennials and forty-eight percent of Gen Xers trust marketplace lenders, compared to 23 percent of baby boomers.

2018 is going to be a massive year for blockchains, the tech behind bitcoins(FAST COMPANY)

You’ve heard of the surging alternate currency, but that’s just a peek at what the underlying technology will enable in the next year.

SoftBank leads $120 million funding in FinTech startup Lemonade(BLOOMBERG)

Lemonade uses artificial intelligence and bots to minimize paperwork and speed up the claims process for renters and homeowners.

Bima raises $97 million from Allianz for microinsurance aimed at emerging markets(TECHCRUNCH)

The new funding will be used to expand Bima’s existing products — primarily life, accident, and health insurance, as well as a teledoctor service — across the 14 markets where it already operates, as well as move into new countries.

FindBob raises $1.6 million to help insurance firms find their next generation of talent(BETAKIT)

The startup aims to solve a big problem in the insurance and financial services industry: a lack of a succession plan.

PayPal invests in deposit marketplace Raisin (FINEXTRA)

Founded in Berlin in 2013, Raisin closed a €30 million Series C financing round in January with a goal of expanding into new markets and broadening its product based beyond savings accounts to encompass business deposits and new investment opportunities.

Dentons joins Global Legal Blockchain Consortium (BETAKIT)

A key function of the GLBC will be to adopt policies that promote a universal, blockchain-based tech infrastructure for law.

Even bitcoin must follow basic economic rules(THE STAR)

Just as gravity holds us to the Earth, economics will bring bitcoin’s perceived value crashing down.

FinTech startup Cash Suvidha raises $2.7 million in debt funding (INC42)

The funds have been raised from six financial institutions and will be used primarily to facilitate further lending to small and medium enterprises.

Make room for FinTech, Competition Bureau urges regulators, an ‘important sector of the Canadian economy’ (FINANCIAL POST)

The Competition Bureau spent months gathering information and consulting on financial technology to assess the impact of FinTech in Canada.

Create more value than you capture: An oral history of Toronto product development

BetaKit’s first #longform piece looks back at 15 years of Toronto tech.


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.

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