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Flexiti Financial appoints Joe Prodan as CFO (BETAKIT)
Prodan will oversee the financial aspects of the company including financial planning and analysis, financial reporting, and investor relations.
FinTech could be bigger than ATMs, PayPal, and Bitcoin combined (INSIDER INTELLIGENCE)
“The FinTech industry no longer stands clearly apart from financial services proper, and is increasingly growing embedded in mainstream finance. We’re now seeing the initial stages of this transformation.”
Crypto’s most popular wallet service is getting a mobile app for secure login (TECHCRUNCH)
MyEtherWallet, the most popular crypto wallet service on the internet, is finally getting a mobile app as it bids to increase security for its users.
Trulioo expands ID verification product to the Philippines (BETAKIT)
Trulioo said it chose to offer its platform to customers in the Philippines as the country is a major recipient of remittances and faces several remittance fraud issues.
Automated debt management app Tally raises $25M in Series B (FINSMES)
The round was led by Kleiner Perkins with participation from previous investors Shasta Ventures, Cowboy Ventures and Sway Ventures.
Zelle P2P volume grew to $28 billion in Q2, against Venmo’s $14 billion (PYMNTS)
Venmo, the P2P service owned by PayPal, took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase.
BlockFi just gathered up $50 million to lend to bitcoin and ethereum holders who don’t want to cash out (yet) (TECHCRUNCH)
The round was led by Galaxy Digital Ventures.
Pay-per-mile car insurance company Metromile raises $90 million to automate the claims process (VENTUREBEAT)
Metromile has developed a car insurance platform that allows drivers to pay based on their actual number of hours on the road.
DREAM THIEVES (video)
Canadian FinTech Koho has released DREAM THIEVES, a 13-minute advertisement/short film, directed by Fleur Fortuné. The video comes after a recent rebrand.
Digital investment advisor OpenInvest raises $10.4M in Series A (FINSMES)
The round was led by QED Investors, with participation from Andreessen Horowitz, SYSTEMIQ, Wireframe Ventures, Yard Ventures, and Abstract Ventures.