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.
Wave, Visa launching solution to improve cash flow management for SMBs
(BETAKIT)
Toronto-based Wave, a financial platform for small business owners, has announced a new payments solution created in partnership with Visa.
Element AI and Gore Mutual announce first AI-powered insurance underwriting collaboration (BETAKIT)
Element AI and Gore Mutual Insurance Company are working together to integrate Element AI’s Underwriting Partner software with insurance company’s underwriting practice.
Leapwork raises $10M for its easy process automation platform, plans US expansion (TECHCRUNCH)
Leapwork already has many clients, from tier-one banks and global healthcare firms to aerospace and software companies, and plans to expand in the U.S.
Facebook will scrap Messenger payments in the UK and France (ENGADGET)
The news, first spotted and posted on Twitter by James Whatley, means that Facebook might shift to its own crypto-currency, a type of stablecoin, for money transfers.
Uber Eats is adding support for Apple Pay in Canada (MOBILESYRUP)
Uber announced it’s bringing Apple Pay support to its food ordering app in almost 20 markets, including Canada.
Index Ventures, Stripe back bookkeeping service Pilot with $40M (TECHCRUNCH)
Pilot helps startups and small businesses manage their back office. Chief executive officer Daher admits it may seem a little boring, but the market opportunity is undeniably huge.
Toronto FinTech, Lendified, raises $15 million CAD Series A (BETAKIT)
Lendified, a Toronto-based FinTech, announced that it has closed a $15 million CAD Series A funding round, in order to continue its growth within Canada.
New $50 million blockchain VC fund partners with HTC (COINTELEGRAPH)
An executive at electronics giant HTC is leading a new $50 million blockchain-focused venture capital fund, Proof of Capital, that includes a partnership with the firm.
Crypto startups barred from Indian central bank FinTech sandbox (COINDESK)
India’s central bank is setting up a FinTech sandbox that may include blockchain startups and tools – but notably, explicitly excludes any cryptocurrency-related projects.
Bankin’ raises €20M in Series B funding (FINSMES)
Bankin’, a Paris, France-based app that connects with banks manage money, raised €20m in Series B funding.
