F|T: The FinTech Times – How millennials want to invest

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.

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BetaKit

Coinsquare’s Coincapital launches two ETFs on the TSX

Coincapital opened the Toronto Stock Exchange this morning to launch the ETFs, which include the Coincapital STOXX Blockchain Patents Innovation Index Fund and the Coincapital STOXX B.R.AI.N. Index Fund (THNK).


Zafin

Zafin Recommends: ‘The clock is ticking for banks’: Morgan Stanley warns banks need to up their game before they get disrupted

With FinTech companies raising $58 billion globally in the first half of 2018, banks are feeling more pressure than ever to spend on their own technology. This is compounded by the fact that FinTech companies don’t suffer from legacy IT systems and can provide banking services 50% cheaper than big banks.


techcrunch

Cleo, the ‘digital assistant’ that replaces your banking apps, picks up $10M Series A led by Balderto

The funding will be used to continue scaling the company, with further international expansion to Western Europe, the Americas, and Australasia.


recode

Stripe built a payments powerhouse by focusing on e-commerce. Now it’s following its customers into bricks and mortar.

The San Francisco-based company is introducing a new service for in-person payments.


bk


Beanworks raises $10.1 million Series B to automate accounting

The round was led by FINTOP Capital, with participation from BDC Capital’s Women in Technology Fund.


techcrunch

Africa’s Jumo raises $52M led by Goldman to bring its FinTech services to Asia

Proparco, Finnfund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments also participated in the round.


bk

Founder Institute launches blockchain program with Decentral

The goal of the program is to help launch over 20 promising companies that leverage blockchain by 2019.


techcrunch

PayPal’s one-touch, localised payment options go global

The offering now includes the range of PayPal’s own services — PayPal, Venmo (US only), PayPal Credit (UK and US only subject to approval) — plus iDEAL for customers in the Netherlands, Bancontact for people in Belgium, MyBank for customers in Italy, Giropay for customers in Germany, and EPS for customers in Austria.


forbes

Wealthsimple knows how millennials want to invest

Is the idea of investing enough to make you want to take a nap? You’re not alone. Fortunately, there’s a Toronto-based firm that’s changing the way young people think about money.


bk

Dream Payments expands Mastercard partnership, launches payments API for insurers

With the new API, insurance companies can connect to the Dream Payments Hub and the Mastercard Send platform to pay claims digitally.


fastcompany

Meet the women who are making sure blockchain is inclusive

When you have a technology that’s only 10 years old, women and underrepresented minorities have the chance to change this corner of the tech industry.


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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.