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.
London’s street performers are embracing cashless payments (TECHCRUNCH)
The drive to digitize payments in the UK is modernizing income for London’s famous street performers.
Visa Developer Recommends: Visa hosts first developer conference to bring more FinTechs into its ecosystem (BETAKIT)
Two years ago, Visa opened up its Visa Developer ecosystem, allowing developers to access the company’s APIs and work with Visa payment products and capabilities.
Adyen’s IPO starts strong as stock soars 70%, valuing Dutch FinTech company at $14 billion (VENTUREBEAT)
One of Adyen’s earliest and biggest investors, Index Ventures, hailed the IPO as a milestone that demonstrates the increasingly global ambitions of European startups.
Cryptocurrency hackers steal one third of coins on South Korea exchange (CBC)
A South Korean cryptocurrency exchange said Monday hackers have stolen about one-third of the coins traded on its market, an announcement that sent bitcoin prices tumbling to a two-month low.
Finn AI collaborates with Visa Developer to expand its banking chatbot platform (BETAKIT)
Finn AI said it will use Visa Developer’s APIs to enhance its conversational banking chatbots, and allow banks to create more personalized experiences for their customers.
Truecaller makes first acquisition to build out payment and financial services in India (TECHCRUNCH)
The vision is to go deeper into mobile payments and associated services to turn Truecaller into a utility that goes beyond just handling messages and calls, particularly payments — a space that WhatsApp is preparing to enter in India.
New UK FinTech investment drive launched by Department of International Trade (CROWDFUND INSIDER)
DIT has created a Fintech steering board that combines industry participants, academics along with government officials.
Zelle forecast to overtake Venmo this year (TECHCRUNCH)
Despite some concerns over its adoption by scammers, new payment service Zelle is shaping up to overtake rival Venmo this year, according to a new forecast from eMarketer.
KPMG is accepting nominations for FinTech100 (BETAKIT)
FinTech100 recognizes 50 ‘established’ FinTech companies and 50 ’emerging’ startups.
CapitalG leads $21.5M investment in Aye Finance, its first FinTech deal in India (TECHCRUNCH)
Aye Finance offers micro-loans to small businesses in India that are not on the radar of banks and traditional financing companies, and also don’t qualify for programs run by the likes of Flipkart and Amazon.
AlphaPoint raises $15 million in first major funding round (COINDESK)
AlphaPoint raised the funds through Mike Novogratz’s Galaxy Digital, the self-described cryptocurrency merchant bank.
Every raises $600,000 to build banking platform for online businesses (BETAKIT)
Every is a new Canadian startup that wants to rebundle the traditional financial services FinTechs wrestled from the banks.
