F|T: The FinTech Times – Facebook’s new cryptocurrency

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.


Creative Destruction Lab signs on as founding partner of Facebook’s new cryptocurrency

The Toronto-based startup accelerator is the first Canadian partner and only academic institution signed on to the project so far.



TechCrunch

African FinTech dominates Catalyst Fund’s 2019 startup cohort

The organization announced its 2019 startup cohort and three out of the four finance ventures have an Africa focus.


BetaKit

QuadrigaCX CEO moved customer funds into his own accounts

“Significant volumes of cryptocurrency were transferred off platform outside Quadriga to competitor exchanges into personal accounts controlled by Mr. Cotten.”


Should you care about Facebook cryptocurrency?

After months of rumors and partial leaks, Facebook confirmed that it’s working on a cryptocurrency called “libra,” which will launch next year.


BetaKit

Borrowell closes $20 million Series B as it tops 1 million users

Borrowell has closed a $20 million Series B consisting of equity and venture debt, co-led by White Star Capital and Portag3 Ventures.


Cleo, the London-based FinTech, has quietly taken debt financing from US-based TriplePoint Capital

Cleo, the “digital assistant” that wants to replace your banking apps, has quietly taken venture debt from US-based TriplePoint Capital.


BetaKit

Willful partners with Wealthsimple to launch RESP and will creation tool

Online investment management service Wealthsimple claims to have created the first fully-digital RESP option in Canada that involves no paperwork or bank branch visits.


Business Insider

Razorpay has just raised $75 million and is looking to hire 350 new people

With the new investment, Razorpay plans to hire senior employees and take its total number of employees to 700 by 2020 from the current strength of 350.


AI-focused FinTech startup Active.AI raises $3 million in a Series A follow-on round

Active.Ai has raised $3 million from InnoCells, the Barcelona-based innovation hub and corporate venturing vehicle of Banco Sabadell in a Series A follow-on round.


Plaid co-founder William Hockey stepping down

Plaid Co-Founder William Hockey revealed that he is planning to step down from the day-to-day operations of the company.


Subscribe to F|T: The FinTech Times Newsletter

* indicates required




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.