F|T: The FinTech Times – Pandemic plutocrats

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.

Kik considering appeal as US court sides with SEC that company violated securities law (BETAKIT)

Kik Interactive is considering appealing a ruling that came down this week siding with the SEC that the cryptocurrency company violated securities laws.

Glitch in Koho Financial system led to fraudulent transactions (THE GLOBE AND MAIL)

Suspect transactions total more than $1-million but the FinTech startup says customer funds and data were not affected.

Coinbase offers exit package for employees not comfortable with its mission (THE BLOCK)

Coinbase CEO Brian Armstrong released a blog post this week saying the exchange intends to keep activism and politics separate from its business.

Late-stage AI deals push Waterloo Region’s venture funding to five-quarter high in Q2 2020 (BETAKIT)

Venture funding in the Waterloo Region reached $148.6 million in the second quarter of 2020, largely driven by two large investments into AI startups.

FinTech startups founded by women have harder time raising cash (BNN BLOOMBERG)

Funding for female entrepreneurs in financial technology has grown in recent years, yet startups founded by women still face more difficulties raising cash than do other firms, a study shows.

The pandemic plutocrats: how COVID is creating new FinTech billionaires (FORBES)

Stay-at-home consumers and stimulus checks have been a boon for online installment financing, digital banks and day trading.

Federal government’s CERB replacement measures pass in the House (BETAKIT)

The federal government has passed a new bill that would replace the program with three new streams of federal COVID-19 benefits.

Making Black banks matter (FORTUNE)

Black-owned financial institutions are amplifying the call for racial justice by drawing more private capital into their communities. Could they help close America’s wealth gap?

Revolut staff vent frustration over share options (SIFTED)

Employees have faced delays getting the share options due to them, and have had little visibility of the options they’ve earned since late 2019, according to people familiar with the matter.

How to perfect your FinTech story and close your next funding round (THENEXTWEB)

You’ve got a great story to tell, so make sure to convey it in the best way possible.

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.

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