F|T: The FinTech Times – Kin claps back

kin

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.


Kik denies all allegations, argues SEC misrepresented evidence in lawsuit

Kik has officially filed its response to the U.S. Securities and Exchange Commission (SEC) lawsuit filed against the Kitchener-based company in June.


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TechCrunch

India’s Lendingkart raises $30M to help small businesses access working capital

Existing investors Fullerton Financial Holdings, Bertelsmann India Investments and India Quotient funded the round. The five-year-old, Bangalore-based startup has raised $143 million to date.


Government of Canada’s chief information officer, Alex Benay, leaves to join Mindbridge

Alex Benay, the Government of Canada’s chief information officer (CIO), has announced he is leaving his post to join Ottawa-based startup Mindbridge.


Mastercard buys Nets unit for $3.19 billion in largest deal

Mastercard Inc. agreed to buy a payments platform owned by Denmark-based Nets for 2.85 billion euros ($3.19 billion), using its biggest-ever acquisition to help extend a push into faster payments.


B2B payments startup EnKash launches corporate credit card for SMEs

The Freedom Card would give SMEs and startups the freedom to avail credit facility for immediate needs and to manage their liquidity.


ScaleFactor raises third round ($60M) in 13 months after 700% ARR growth in 2018

ScaleFactor’s online financial SaaS platform is focused on building a back office for SMBs (small-to-medium sized business).


TechCrunch

Klarna raises $460 million, looks to expand its payments presence in the US

Swedish payments provider Klarna has announced a new round of equity funding, adding $460 million at a post-money valuation of $5.5 billion, which makes it one of the most highly valued private FinTech companies in the world.


Podcast-payment startup Glow raises $2.3 million from Greycroft, Nas, Jeffrey Katzenberg’s WndrCo and others

Glow Technologies, a startup whose platform lets podcast creators set up payment options for fans to fund their shows, has raised $2.3 million in seed financing.


Digital lender Indifi raises $21 mn from CDC, others

Gurugram-based FinTech startup Indifi Technologies Pvt. Ltd has raised $21 million (Rs 145 crore) in a fresh round of funding led by the UK government-owned development finance institution CDC Group Plc.


TechCrunch

Penta, the German business banking startup, raises €8M additional funding

Penta, the business banking provider for small and medium-sized enterprises (SMEs) that was recently acquired by FinTech company builder Finleap, has raised “over” €8 million in new funding.


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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.