F|T: The FinTech Times – Digital wallet evolution

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.


BetaKit

Fundthrough raises $24.6 million to support expansion

The funding was led by ScaleUP Ventures, with participation from Hedgewood, Klister Credit Corp, and OnWave Ventures.


BetaKit

LEAGUE launches new insurance products with RBC as incumbents fight to partner with the startup

Six months after LEAGUE’s pivot, the company is now seeing triple-digit month-over-month growth.


FinExtra

Goldman to take on online lenders with launch of Marcus

The new business is looking to take on the likes of Lending Club and Prosper and provide consumers with an opportunity to consolidate their high-interest credit card debt.


TechCrunch

Payfit grabs $5.6M to manage French payrolls

Payfit officially started in April 2016, and it looks like many companies were waiting for a product like this one.


NFC World

White paper explores the evolution of the digital wallet

‘The Evolution of Digital and Mobile Wallets’ offers an in-depth introduction to the digital wallet and its functions and takes a look at the technologies used to power such services including NFC and QR codes.


BetaKit

TouchBistro raises $17 million Series B to expand sales and marketing team

The round was led by the BDC IT Venture Fund — a fund launched in February — with participation from new investors Round13 Capital and Huff Capital, and existing investors Relay Ventures and Kensington Capital Partners.


International Business Times

Over 8 million Bitcoin wallets left inaccessible as Blockchain.info hit with DNS hijack

The digital currency service claims to power up to 100,000 Bitcoin transactions in a single day, so it was of little surprise that reports of the DNS attack quickly spread to messageboard websites.


FinExtra

JPMorgan leads $30m funding round for Cloud9

JPMorgan, Barclays and Icap are all existing investors in the startup and have been joined in this round by Point72 Ventures and individuals from several trading firms.


BetaKit

Survey: Consumers increasingly expect access to digital FinTech products from their banks

The 2016 survey, called FinTech Disruption in Financial Services, examined the value consumers place on digital banking services and whether financial service providers are meeting consumer needs.


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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.