F|T: The FinTech Times – Kik vs. the SEC

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As SEC files suit, Kik’s Ted Livingston argues loss would be “disastrous” for crypto

The United States’ Securities and Exchange Commission (SEC) has officially charged Kik over its 2017 initial coin offering (ICO).



TechCrunch

FinTech platform Synapse raises $33M to build ‘the AWS of banking’

Synapse, a San Francisco-based startup that operates a platform enabling banks and FinTech companies to easily develop financial services, has closed a $33 million Series B.


PayPal backs Swedish financial tech startup Tink

PayPal Holdings Inc has invested 10 million euros ($11.2 million) in Tink, a Swedish company that enables banks and financial technology startups to access financial data more easily.


On the heels of $42 million raise, Koho launches Premium cashback program

Toronto-based FinTech Koho is now offering Koho Premium, a new cashback program for Canadians through its pre-paid card.


VentureBeat

Step raises $22.5 million to help teens manage their money

Step, a financial services startup that offers fee-free money management accounts to teens, announced that it has secured $22.5 million in a series A round led by Stripe.


Responsive client base hits $10 billion CAD AUM, powered by its behavioural AI

“We’re really committed to building an end-to-end, insight-to-action platform for wealth managers and for human wealth advisors.”


Bloomberg

The FinTech bubble floats toward a $64 billion pin

The problem for payments processors and e-commerce companies is that this extra customer protection creates a speed bump on the road to growth.


TechCrunch

Unmortgage, the ‘part own, part rental’ housing startup, loses founder and CEO

According to a regulatory filing on Companies House, Unmortgage’s Rayhan Rafiq-Omar was terminated as a director on 4 May.


CIBC, NAB, Bank Leumi launch platform to connect banks with FinTechs

CIBC, Bank Leumi of Israel, and National Australia Bank (NAB) have partnered to launch the Global Alliance FinTech Link.


Visa and app provider LINE Pay to use blockchain in new FinTech offerings

Japanese app provider LINE Pay Corporation has inked a deal with Visa to create new FinTech services for their retail and merchant customers.


HSBC opens Toronto data lab, will partner with FinTech, AI startups

HSBC has opened a new data lab in Toronto, hoping the new lab will harness AI to develop future products and generate insights that will ultimately improve customer experience.


TechCrunch

Possible Finance lands $10.5 million to provide consumers softer, kinder short-term loans

At the very least, Possible is charging a whole lot less interest on loans than some of its rivals.


June #FutureMakers will explain the risks and rewards of digital transformation

The event will features speakers from Slack, IBM, and RBC. Get in free using the code “BetaKitPROMO”.


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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.