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.
Manulife another Canadian bank using Kasisto’s AI tech(BETAKIT)
Powered by KAI, MAI shares insights into customer spending habits, tracks account balances, locates nearby ATMs, and answers personal finance questions.
Revolut lets you round up payments and donate to charities(TECHCRUNCH)
Using a new feature, you can now round up card payments to the nearest whole number and donate a little amount to a charity. Over time, those donations might add up.
Blockchain startups raised $822 million in H1 2019: new report(COINTELEGRAPH)
Blockchain startups have raised $822 million in 279 separate venture capital (VC) deals in H1 2019, according to a report by American venture platform Outlier Ventures released on July 2.
Receipt management startup Sensibill raises $41 million CAD Series B(BETAKIT)
Toronto-based receipt management app Sensibill has raised a $41 million CAD ($31.5 million USD) Series B, led by Radical Ventures.
PayU, Naspers’ global FinTech firm, enters Southeast Asia with acquisition of Red Dot Payment(TECHCRUNCH)
PayU, the Naspers-owned FinTech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia.
French FinTech startup Joko raises €1.6 million from Partech and others to bolster its loyalty program)(TECH.EU)
French FinTech startup Joko has raised 1.6 million euros in early-stage funding from Partech, Axeleo Capital, Lafayette Plug and Play and a number of unnamed angel investors to “reinvent loyalty cards”.
Inside Revolut’s bid to be the Amazon of banking, and the lessons it’s learned from breakneck growth(CNBC)
Revolut is looking to disrupt banking in the same way Amazon took on retail.
Swedish ‘neobank’ P.F.C. picks up €5M backing from Nordic banking giant Nordea(TECHCRUNCH)
P.F.C. (Personal Finance Co.), a so-called “neobank” founded in Sweden, has raised €5 million in funding.
BMO launches digital-only line of credit solution(BETAKIT)
Bank of Montreal is launching a new digital-only lending solution, allowing customers to apply for a personal line of credit directly from their mobile devices.
The solution to the FinTech IPO shortage(FORBES)
Too many B2C-focused fintech startups have come to market with existing products or services whose “innovation” is digital distribution and service. That’s not enough of an innovation to thrive.
Kyash, a would-be challenger bank in Japan, raises $14M(TECHCRUNCH)
Kyash, a fintech company with visions on becoming Japan’s first challenger bank, said it has raised $14 million to continue its expansion.