F|T: The FinTech Times – In Facebook we trust?

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.


Apollo launches service to digitize insurance buying for small businesses

Apollo Insurance Solutions has officially launched its small business insurance subscription through its ecommerce platform, which allows small business clients to quote and purchase insurance products online.



TechCrunch

UK FinTech Jaja pays $671 million in cash to acquire the Bank of Ireland’s UK credit card business

Jaja will also become the consumer credit card issuer for the Bank’s UK business and the AA.


Forbes

Africa’s FinTech ecosystem raised $320 million and grew 60% in two years

The continent’s FinTech firms have grown to 491 from 301 in 2017, while the $132.8 million raised in 2018 has been the sector’s best-ever year.


Buckzy Payments adds real-time cross-border bill payment

The company launched its platform in April, the same month the company closed a $1.75 million CAD Seed round.


TechCrunch

Razer goes big on payments with Visa prepaid card

Razer, the Singapore-based company best known for its gaming laptops and peripherals, announced a partnership with Visa to develop a Visa prepaid solution.


In Facebook we trust? (All others pay cash)

“I wouldn’t trust Facebook to hold my house keys, and yet I think its libra cryptocurrency effort is exactly the right move for it to make.” – Kara Swisher


BetaKit

Blockchain API startup Dfuse raises $4.5 million CAD in oversubscribed funding

Montreal-based Dfuse, a startup that aims to help web developers build high-performing applications through blockchain, announced it has raised $4.5 million CAD in an oversubscribed Seed round.


TechCrunch

India’s Open ‘neo-bank’ raises $30 million to help businesses automate their finances

Open operates as a neo-bank that offers nearly all the features of the bank with additional tools to serve the needs of a business.


FinTech startup Blend raises $130 million on possible unicorn valuation

Blend Labs Inc. said it has raised $130 million in a new late-stage round of funding to hire more people, invest in new technologies and broaden its suite of consumer lending products.


WeGift raises €4 million in funding to boost expansion to US

Digital rewards platform WeGift announced that it has raised €4 million in Series A funding, led by Fred Destin at Stride.VC, who is also joining the company’s board of directors.


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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.