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Drop launches in the US with $5.5 million from Sierra Ventures, Portag3(BETAKIT)
“We hit number three in the US app store and consumers are just as — if not more — engaged with our product.”
STACK RECOMMENDS: Royal Bank of Canada using blockchain for U.S./Canada payments – executive(REUTERS)
“Great to see Canadian financial institutions acknowledging the opportunity in blockchain.”
– Miro Pavletic, CEO and co-founder of STACK
League adds RBCI, MetLife to roster of new insurance partners(BETAKIT)
The company has added RBCI, AETNA, Humana, Cigna, United Healthcare and MetLife as partners.
eShares raises $42 million to manage equity compensation and investments(TECHCRUNCH)
The funding was led by Menlo Ventures and Social Capital.
FinTech startup Revolut is signing up 40 new business customers every day(BUSINESS INSIDER)
Revolut’s core retail accounts also continue to grow rapidly, with 3,000 to 3,500 new sign ups each day.
Scotiabank partners NXTP Labs to access Latin American FinTech startups(FINEXTRA)
The partnership will allow the Bank to access to the most promising Fintechs in Mexico, Colombia, Chile, and Peru.
la Caisse and Desjardins Group launching $75 million FinTech fund(BETAKIT)
The fund will be dedicated to FinTechs and AI applied to finance.
Wells Fargo expands FinTech banking team(FINEXTRA)
The specialized team will aim to deliver Wells Fargo’s expertise in serving FinTech companies from early stage to large corporate firms and also serve corporations with embedded FinTech businesses.
Google and Amazon are ready to disrupt small business lending, former Obama advisor says(CNBC)
“If you think about what Amazon already knows about its merchants, and then you think what Google knows about everybody who is buying and selling through its platform, one can imagine a world where they have much more information about both on the credit side but also on the small business itself,” said Karen Mills.
RBC integrating Wave’s financial services platform into SMB banking service(BETAKIT)
RBC was also part of Wave’s $32 million funding round in May.
Can blockchain decentralize the internet?(VENTUREBEAT)
Many experts believe blockchain, the technology that is already decentralizing monetary transactions among other things, is the key to solving the decentralized internet puzzle.