F|T: The FinTech Times – Not another Lending Club

FinTech Times

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.

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Digital Dreams leveraging FinTech to enhance its festival experience(BETAKIT)

This year, the festival’s wristband will connect to its user’s credit card of choice as a pay-as-you-go system.

Alex Karpovsky, star of HBO’s Girls, on why going to a loan shark was a good financial move(WEALTHSIMPLE)

Not to mention how being a struggling filmmaker until your mid-30s gives you great financial perspective when you finally get paid. (sponsored)

Equity crowdfunding is now legal, but don’t expect anything to change just yet(TECHCRUNCH)

Four years in the making, Title III of the Jumpstart Our Business Startups Act (JOBS) finally entered into force on May 16.

Winklevoss twins bring Bitcoin trading platform Gemini to Canada(FINEXTRA)

As of now, registered customers in Canada can trade bitcoin and ether on Gemini’s ETH/BTC order book.

Ask @StartupCFO: How do you know when to exit your company?(BETAKIT)

It’s hard to think about a more important question. Sometimes you have no choice. If you’re running out of cash, with no hopes of raising more, it’s a simple decision. Hopefully, you do have the choice.

Hedge funds are asking for a tool to stop another Lending Club disaster — this company is building it(BUSINESS INSIDER)

Global Debt Registry (GDR), founded in 2006, provides third-party, independent verification of consumer loan data for banks and other lenders.

FinTech Startup Bento for Business Closes $7M Series A Financing Round led by Comcast Ventures(BOBSGUIDE)

Since its launch 13 months ago, Bento has grown 170 percent quarter over quarter.

P2P mobile payment app Tapp raises $9 million to tap into the cash economy in Southeast Asia(TECHCRUNCH)

Headquartered in the Finnish city of Turku, with product development in Helsinki and offices around Asia, Tapp’s Series A round was raised from Australia-based Amma Private Equity.

White House Officials Gather With FinTech Leaders and Regulators(WSJ)

The half-day event called the “FinTech Summit” largely focused on how government agencies can tap into the innovation. Federal regulators have been studying the industry to determine how it can be regulated while still encouraging innovation.

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.

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