F|T: The FinTech Times – Revolut’s bid to be the Amazon of banking

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Manulife another Canadian bank using Kasisto’s AI tech

Powered by KAI, MAI shares insights into customer spending habits, tracks account balances, locates nearby ATMs, and answers personal finance questions.



TechCrunch

Revolut lets you round up payments and donate to charities

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.


Coin Telegraph

Blockchain startups raised $822 million in H1 2019: new report

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

Toronto-based receipt management app Sensibill has raised a $41 million CAD ($31.5 million USD) Series B, led by Radical Ventures.


TechCrunch

PayU, Naspers’ global FinTech firm, enters Southeast Asia with acquisition of Red Dot Payment

PayU, the Naspers-owned FinTech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia.


TechEU

French FinTech startup Joko raises €1.6 million from Partech and others to bolster its loyalty program)

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”.


CNBC

Inside Revolut’s bid to be the Amazon of banking, and the lessons it’s learned from breakneck growth

Revolut is looking to disrupt banking in the same way Amazon took on retail.


TechCrunch

Swedish ‘neobank’ P.F.C. picks up €5M backing from Nordic banking giant Nordea

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

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.


Forbes

The solution to the FinTech IPO shortage

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.


TechCrunch

Kyash, a would-be challenger bank in Japan, raises $14M

Kyash, a fintech company with visions on becoming Japan’s first challenger bank, said it has raised $14 million to continue its expansion.


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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.