F|T: The FinTech Times – Can blockchain decentralize the internet?

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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STACK FinTech Times


BetaKit

Drop launches in the US with $5.5 million from Sierra Ventures, Portag3

“We hit number three in the US app store and consumers are just as — if not more — engaged with our product.”


Stack

STACK RECOMMENDS: Royal Bank of Canada using blockchain for U.S./Canada payments – executive

“Great to see Canadian financial institutions acknowledging the opportunity in blockchain.”
– Miro Pavletic, CEO and co-founder of STACK


BetaKit

League adds RBCI, MetLife to roster of new insurance partners

The company has added RBCI, AETNA, Humana, Cigna, United Healthcare and MetLife as partners.


TechCrunch

eShares raises $42 million to manage equity compensation and investments

The funding was led by Menlo Ventures and Social Capital.


Business Insider

FinTech startup Revolut is signing up 40 new business customers every day

Revolut’s core retail accounts also continue to grow rapidly, with 3,000 to 3,500 new sign ups each day.


Finextra

Scotiabank partners NXTP Labs to access Latin American FinTech startups

The partnership will allow the Bank to access to the most promising Fintechs in Mexico, Colombia, Chile, and Peru.


BetaKit

la Caisse and Desjardins Group launching $75 million FinTech fund

The fund will be dedicated to FinTechs and AI applied to finance.


Finextra

Wells Fargo expands FinTech banking team

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.


CNBC

Google and Amazon are ready to disrupt small business lending, former Obama advisor says

“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.


BetaKit

RBC integrating Wave’s financial services platform into SMB banking service

RBC was also part of Wave’s $32 million funding round in May.


Venture Beat

Can blockchain decentralize the internet?

Many experts believe blockchain, the technology that is already decentralizing monetary transactions among other things, is the key to solving the decentralized internet puzzle.


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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.