F|T: The FinTech Times – FinTech furloughs

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

Morneau provides more detail on government’s 75 percent wage subsidy for Canadian businesses

“This clause might be a killer for the tech ecosystem.”


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BetaKit

Federal government’s updated work-sharing program more open to startups amid COVID-19

“I believe this is a decent option for companies who don’t meet the 75 percent wage subsidy requirements.”


TechCrunch

Lending startups are angling for new business from the COVID-19 bailout

While Congress is still working out the details, FinTech companies are thinking that they should — and will — have a role to play getting stimulus money into the hands of entrepreneurs.


Report: Atlanta FinTech unicorn furloughs ‘significant number’ of employees

One of Atlanta’s rising unicorn FinTech companies is starting to feel the economic effects of the current global pandemic.


FinTech startup Recko raises $6 Mn led by Vertex Ventures

Recko cofounder Saurya Prakash Sinha told Inc42 that the fintech startup has raised $6 Mn in a fresh funding round led by Vertex Ventures.


TechCrunch

Visa’s Africa strategy banks on startup partnerships

Visa has prioritized growth in Africa, and partnering with startups is central to its strategy.


Startup raises $8.25M to help physicians track payments

Rivet, a startup that helps providers keep track of insurance contracts and billing, closed an $8.25 million funding round. Technology venture capital company Menlo Ventures led the funding round.


BetaKit

Introducing the Black Swan podcast by BetaKit

Recorded in quarantine, BetaKit has a new podcast to help Canadian tech make it through #COVID19.


TechCrunch

Mobile payments firms in India are now scrambling to make money

After signing up hundreds of millions of users, startups switch to lending and lean on merchants in search of revenues.


FinTech startups set to soar as pandemic drives consumers online

A newly released report by venture firm Finch Capital says that, despite short-term pain, the pandemic will ultimately drive adoption, creating a virtuous cycle for FinTech companies through the COVID-19 crisis.


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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.