F|T: The FinTech Times – Point of Sale

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.

Moneris adds Lightspeed Restaurant to its menu of iPad POS solutions

Moneris called this announcement part of an “evolving partnership” with Lightspeed.

YieldStreet raises $62M to democratise alternative investments in shipping, real estate and more

YieldStreet — which provides a platform for making alternative investments in areas like real estate, marine/shipping, legal finance, and commercial loans, raised the funding from Edison Partners and others.

Ontario Securities Commission adds new members to FinTech Advisory Committee

The FinTech Advisory Committee advises OSC staff on developments in the FinTech space, as well as challenges being faced by businesses in the securities industry.

Former Facebook and Paypal executives announce financial compliance startup Beam, secure $9 million

At the center of Beam’s platform is an API-based SaaS software that can parse hundreds of factors that go into millions of financial transactions. The platform offers customers analytical tools that allow them to report, monitor, and identify potential vectors of financial crimes.

Affirm’s latest partnership brings its alternative financing to Walmart’s US stores and website

Customers will be able to check their eligibility for an Affirm loan online before heading into Walmart to shop, and then receive their decision in real time, without a hit to their credit score.

Institutional Crypto Wallet Startup Raises $6.5 Million, ‘Eliminates Private Keys’(COINTELEGRAPH)

The round was led by digital asset investment company Digital Currency Group and Israeli cybersecurity company Team8.

Blok Technologies to acquire US-based Sierra Blockchain(BETAKIT)

Blok Tech said the acquisition gives it access to Sierra’s suite of software tools and apps that run on blockchain methodology.

Nigerian FinTech firm TeamApt raises $5M, eyes global expansion(TECHCRUNCH)

Founded by Tosin Eniolorunda, TeamApt supplies financial and payment solutions to Nigeria’s largest commercial banks — including Zenith, UBA, and ALAT.

Report: Interac e-Transfer transactions increase 54 percent in 2018 (BETAKIT)

“The growth of Interac e-Transfer demonstrates Canadians’ preference for digital transfer services as an alternative to cash or cheque,” says Anurag Kar, director of digital push payments at Interac.

The Future Is Plastic: FinTech Unicorn Brex Launches New Credit Card For E-Commerce Merchants

Brex’s new e-commerce card offers a 60-day, interest-free credit line, with limits ranging from tens of thousands to millions of dollars. Those limits will be three to five times higher than traditional corporate cards, says CEO Henrique Dubugras.

Tiger Global and Ant Financial lead $500M investment in China’s shared housing startup Danke (TECHCRUNCH)

With the new funds, Danke plans to upgrade its data processing system that deals with rental transactions.


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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