F|T: The FinTech Times – FinTechs versus cyber attacks

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.

Xanadu, BMO, Scotiabank joint project uses quantum for trading products(BETAKIT)

Toronto-based Xanadu has announced the findings of a joint proof-of-concept with BMO and Scotiabank.

PayPal-backed money lender Tala raises $110M to enter India(TECHCRUNCH)

The new round, which takes the startup’s total fundraising to more than $215 million, valued it above $750 million.

Zurich-based FinTech startup Numbrs raises over €36 million at billion-dollar valuation to boost its expansion(TECH.EU)

According to the company, that allegedly counts 50 individuals and families among its investors, the recent round of funding brings the total capital invested to almost $200 million.

New Brunswick-based money saving app Quber raises $450,000(BETAKIT)

Moncton-based Quber, an app that aims to help users save money through fun games, has closed $450,000 in total funding.

Study says FinTech startups vulnerable to web or mobile app attacks(VANCOUVERSUN)

If a test of their websites and mobile apps by a cybersecurity vendor is accurate, the startups aren’t necessarily better at protecting their applications.

GradJoy is a Y Combinator-backed FinTech to help you knock out your student loans(TECHCRUNCH)

The right people to solve the trillion-dollar student debt crisis might be the ones who are suffering from it the hardest.

FinTech-focused Holt Accelerator announces 2019 cohort(BETAKIT)

The Holt Accelerator, a Montreal-based program open to FinTechs from around the world, has accepted eight companies into its second cohort.

Nordic FinTech startup Lunar Way raises €26 million and secures European banking license(TECH.EU)

Lunar Way, the Denmark-based banking app, has received €26 million in a new funding round led by SEED Capital, and has obtained a European banking license in the process.

Densify update helps finance make more intelligent cloud buying decisions(TECHCRUNCH)

Densify has been a company that helps engineers buy cloud resources in a cost-effective way, but the company wanted to show this cloud spending data to finance as well.

Drop closes $58 million CAD Series B with eyes on accelerated growth, going public(BETAKIT)

Fung hinted to BetaKit that, given Drop’s growth and go-forward plan, there may be an opportunity for the company to go public in the future as well.

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.

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