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.
Ratehub acquires MoneySense
(BETAKIT)
The deal is expected to close on December 1, 2018, with Ratehub and MoneySense continuing to operate as distinct brands.
Insurance tech startup Clyde raises $3 million to simplify product warranties
(VENTUREBEAT)
Insurance tech startup Clyde announced it has raised $3 million to reinvent the way companies offer product warranties to customers.
Robinhood hires 20-year Amazon veteran to CFO role as high-flying startup eyes IPO
(TECHCRUNCH)
The zero-fee stock trading app and cryptocurrency exchange is bringing on a former Amazon finance exec to help the company prepare for an eventual public debut.
Chip raises £4 million for P2P push
(FINEXTRA)
UK savings app Chip has closed a £4 million crowdfund raise as it prepares to enter the P2P lending market.
Europe’s billion-dollar startups are calling for a stock option shakeup
(FORBES)
Stripe, Revolut, and TransferWise are among the billion-dollar startups founded in Europe calling for a shakeup in how stock options are awarded across the continent.
Skype co-founder snags $105M for FinTech lending venture in Southeast Asia
(TECHCRUNCH)
Oriente, a Hong Kong-based business headed by Skype’s first employee, announced that it has raised a whopping $105 million.
Digital Finance Institute announces FinTech and AI Awards winners (BETAKIT)
The Digital Finance Institute has announced the winners of its 4th annual Canadian FinTech and AI Awards, which recognize banks, innovators, investors, advisory firms and law firms, FinTechs, impactors, and thought leaders across Canada.
FinTech firm Revolut gets green light to expand to Japan and Singapore
(CNBC)
British mobile bank Revolut has obtained licenses to operate in Japan and Singapore as it readies an expansion into Asia.
LearnLux raises $2M from Sound Ventures, Marc Benioff to help employees make financial decisions
(TECHCRUNCH)
Educational FinTech startup LearnLux has closed a $2 million seed round from Ashton Kutcher’s investment firm Sound Ventures, Benioff, Underscore VC and former Wealthfront CEO Adam Nash.
RBC launches its roboadvisor across Canada
(BETAKIT)
RBC said the digital investment advice service combines automation and advice to give users a quick investment portfolio recommendation online.
SimbaPay and Family Bank team to enable instant money transfer service from Kenya to China
(PYMNTS)
SimbaPay announced that Family Bank Limited, a bank located in Kenya, has partnered with the London-based FinTech to launch an instant money transfer service from Kenya to China through WeChat.
Philippines FinTech business Voyager raises $215M in Tencent-led round
(TECHCRUNCH)
One of the year’s largest FinTech investments in Southeast Asia has closed after Philippines-based Voyager announced it raised $215 million.
Despite cryptocurrency crash, Amazon sees opportunity to embrace blockchain
(CNBC)
Even as cryptocurrencies are getting crushed, Amazon sees plenty of opportunity with blockchain technology.
WeChat e-wallet teams up with Line to target Japan’s 7M Chinese tourists
(TECHCRUNCH)
China’s biggest chat app WeChat is set to make its payments service more ubiquitous in Japan, a popular outbound destination for Chinese tourists.
TransferWise opens API to Canadian businesses
(BETAKIT)
Digital money transfer platform TransferWise has opened access to its API, allowing Canadian businesses to integrate TransferWise into their workflows.
