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.
The Blockchain Technology Coalition of Canada officially launched during Elevate’s blockchain track.
Here’s the thing — within this space there’s an enormous opportunity for banks to change the way they’ve traditionally done business and appeal to new, dynamic customer expectations. And when this is accomplished, your bank will have the opportunity to establish deep loyalty and a long-term, mutually beneficial relationship.
The round was led by Dawn Capital, and DN Capital, with participation from Mastercard, American Express Ventures, and a number of previous investors.
“Marsh will work with IBM to extend its commercial proof of insurance blockchain solution to be directly accessible to Marsh clients through the Salesforce Platform.”
“If we want home-grown companies to lead the next wave of financial services in Canada, both regulators and investors will need to play their part.”
Stripe, one of Silicon Valley’s hottest startups, just raised a $245 million monster round — making it a $20 billion company
The funding was led by Tiger Global Management, Sequoia, and DST Global.
There’s new ways to think about the blockchain stack in 2018.
The round was led by FINTOP Capital, with participation from BDC Capital’s Women in Technology Fund.
Goals101 has developed an intelligent data and marketing platform, which enables banks to enhance communication with its customers and uses automation to help its clients improve speed and management of business processes.
“Right now, we are centralized crypto-to-crypto,” said CEO Changpeng Zhao. “We don’t offer fiat gateways and so we rely on others to do that. But through discussions with different regulators across the world, we now have those channels. We want to make it easier for fiat currency to get into the crypto world.”
Bitwala is advancing a product that will allow users to engage with cryptocurrencies with their bank account. Its blockchain banking service, built together with its partner bank, will also come with debit cards and bitcoin wallets.
Bread, which builds customizable financing solutions for brands and retailers, raised the funding from Kinnevik, with participation from Bessemer Venture Partners, Menlo Ventures, RRE Ventures, Colle Capital Partners, and Cue Ball.
Mozilla says it has delivered a petition signed by 25,000 Americans asking Venmo to set transactions shared in its app to private by default, instead of public.