F|T: The FinTech Times – No accountability

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.


Owl.co raises $2.6 million CAD for encrypted data collection platform

Owl.co, a software company that helps banks and insurers collect and encrypt customer data, has raised its first round of funding, securing $2.6 million CAD.



TechCrunch

Revolut launches stock trading in limited release

After topping up your Revolut account, you can buy and hold shares directly from the Revolut app. For now, the feature is limited to 300 U.S.-listed stocks on NASDAQ and NYSE.


Will Capital One be held accountable for data breach? In Canada, probably not

The six million Canadians who had their personal information compromised in the Capital One data hack might get some sort of compensation eventually, but they shouldn’t hold their breath, according to industry experts.


BetaKit

Dapper Labs partners with NBA to launch digital collectibles game

Top Shot is a digital platform for basketball fans to collect, trade, and own some of the most memorable moments in NBA history on blockchain.


The FinTech revolution: Who are the new competitors in banking?

Of the new entrants that threaten incumbent banks, FinTechs are the most specialized.


FinTech startup Progcap raises $5 million in series A funding

The round was led by Sequoia India, with participation from MV Nair, Chairman of CIBIL, Sandeep Tandon, ex- founder of Freecharge along with existing investors GrowX Ventures Fund and Somak Ghosh.


BetaKit

Backed by Diagram, mortgage startup Nesto latest addition to Power’s “FinTech Justice League”

While many ‘Justice League’ members position themselves against financial incumbents, Nesto’s approach is a mix of both challenging the incumbents and working with them.


TechCrunch

Why this Nigerian FinTech startup is volunteering audited financials

Nigerian FinTech firm Carbon — an early-stage financial services startup based in Lagos — has posted on its website financials audited by KPMG.


Visa’s FinTech Fast Track program goes global with launch in U.S.

By launching Fast Track in the U.S., Visa is continuing its support for fintechs across the globe, with the goal of accelerating the growth of digital payments and creating better ways to move money everywhere.


BetaKit

Koho launches new instant cashback program

Toronto-based FinTech startup Koho is introducing an instant cashback program for its customers, in addition to some new rewards that can be earned through purchases with select merchants.


Here’s the pitch deck that’s helping Arcus raise millions from top VCs

The buzzy FinTech startup Arcus has raised nearly $13 million. Here’s the pitch deck that’s helping it woo top VCs like Andreessen Horowitz.


BetaKit

SnapPay, Sleep Country partner to tap into Canada’s Chinese consumer segment

Toronto-based digital payment solutions startup SnapPay has launched a pilot program with Sleep Country, which will allow Chinese consumers to pay with Alipay and WeChat Pay at select Sleep Country stores.


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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.