F|T: The FinTech Times – Square has gone Terminal

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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BetaKit

Foxquilt raises $1.2 million to help people save on insurance by buying in groups

The company was co-founded by CEO Mark Morissette and Karim Jamal, both formerly with Real Matters and Aviva Canada.


Zafin

Zafin Recommends: 9 Ways Banking Providers Can Accelerate Innovation

To ramp up their innovation programs, banks and credit unions have to address their core DNA. But a little “genetic re-engineering” can yield some big results.


techcrunch

Penta, the German challenger bank account for SMEs, raises €7M Series A

The funding was led by Inception Capital, with total funding now at €10 million.


bk

Lendesk launches lender network with Scotiabank, First National Financial

Through the platform, licensed mortgage broker firms and agents can securely pull credit from both Equifax and TransUnion.


finsme

Cobo raises $13M in Series A funding

Cobo is a developer of consumer blockchain products that aims to make it easy for anyone to own and use cryptocurrencies.


theverge

Square launches Terminal, an all-in-one device for card and mobile payments

Square Terminal is a portable all-in-one device that can process payments over Wi-Fi and print out receipts, signifying the company’s focus on expanding its services to more types of sellers and buyers.


techcrunch

European late-stage FinTech startups get a boost with new Corviglia fund

The Corviglia Capital Fund has secured $250 million and is long-term investor in late-stage fintech companies. It will make minority investments with tickets ranging from $10M to $50M.


finsmes

American Express and PayPal partner for loyalty spending and P2P transfers

The companies will work closely on a host of solutions for joint customers to include the use of Membership Rewards points for PayPal purchases and an integrated peer-to-peer payment experience.


zdnet

Microsoft rolls out Spend, an expense tracker for iOS

Microsoft is testing a preview of a new expense-tracking application for iOS devices. It’s called Spend and was developed by the folks who created the MileIQ mileage tracker.


techcrunch

Stripe hires Niels Provos away from Google to be its new head of security

Provos is the latest hire in a series of moves to beef up security talent at Stripe, at a time when security breaches are at an all-time high, with the financial services industry the largest target of that rise.


finextra

Dubai investment firm plans $100M FinTech fund

Alcazar Capital Limited is teaming up with Fintech Consortium’s investment arm, InQvest Partners, to launch a $100 million global FinTech fund.


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Amira Zubairi

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.