F|T: The FinTech Times – Money-managing chatbots

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.


ATB Financial partners with Finn.ai to test launch Facebook chatbot(BETAKIT)

The Albertan bank says the successful testing of the bot marks the first time a full-service financial institution in North America has facilitated payments via chatbot on Facebook Messenger.


Confirmed: UK challenger bank Monzo raises £19.5M with another £2.5M in crowdfunding planned(TECHCRUNCH)

The funding was co-led by US-based Thrive Capital, London’s Passion Capital, and Orange Digital Ventures.


3 reasons FinTech is thriving(FORBES)

Chris Myers of Bode Tree listed three reasons the industry is failing. While some of his thoughts are on target, others are not.


Mogo launches digital Mogo spending account to control Canadian consumer debt(BETAKIT)

Mogo said the digital spending account comes with a Platinum Prepaid Visa card, and can be opened for free in less than three minutes through Mogo’s iOS mobile app.


Bharti Airtel takes stake in FinTech lending startup(FINEXTRA)

Indian telco Bharti Airtel has acquired a stake in FinTech loan startup Seynse Technologies, a lending platform that uses proprietary credit engine and machine learning to offer loans.


The Brits And Canadians loosen FinTech regulations(PYMNTS)

British and Canadian regulators have just tipped the scales in favor of FinTech companies with the announcement of a rollback on regulations.


5@7 FinTech panel explains how Montreal became an AI leader(BETAKIT)

The 5@7 FinTech event examined AI trends in the banking and finance sector, as well as Montreal’s place in the global AI ecosystem.


Financial technology startup scores $16M(BIZJOURNALS)

Miami Beach-based startup Nymbus, which offers banks a proprietary platform that unifies functions of a financial institution into one system, raised the funds from Home Credit Group.


Woman-led Tala raises $30 million Series B for micro-loans via smartphone(FORBES)

IVP led this round, with participation from Ribbit Capital and existing investors Lowercase Capital, Data Collective and Collaborative Fund. The new funding brings Tala’s total financing to $44 million.


In FinTech, China shows the way(THE ECONOMIST)

How did fintech get so big in China? The short answer is that it was the right thing at the right time in the right place.


Equibit Development Corporation sells $250,000 worth in equibits(BETAKIT)

EDC has offered to sell one million equibits out of a total of 22 million potentially available equibits until March 31st.


Australia’s FinTech startups did better in 2016 raising cash than the rest of the world(BUSINESS INSIDER)

Australia FinTech sector has grown from a low base of $51 million of investment in 2012 to exceed $600 million in 2016.


Airbnb finalizes deal to buy social payments startup Tilt(TECHCRUNCH)

Acquiring Tilt would not only give Airbnb experience in the payments space, but also experience working with payments around social gatherings and events — and specifically getting those funded.


Transferwise calls its Facebook bot enabling international money transfers a first in Canada(BETAKIT)

UK-based Transferwise, which moved into the Canadian in mid-2016, says its the first service provider allowing peer-to-peer money transfers through Facebook Messenger.



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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.

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