F|T: The FinTech Times – The COVID-19 FinTech divide

coronavirus

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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FundThrough commits $10 million to help small businesses after federal government rejects FinTech COVID-19 relief proposals (BETAKIT)

FinTech startup FundThrough is looking to tap into its own capital reserves to provide relief to small businesses during the COVID-19 pandemic.


RECOMMENDED BY SAGE INTACCT:

Bruce Croxon and Vidyard CFO Matt Hodgson share tips for building resilient SaaS startups

Sage Intacct hosted a webinar with Bruce Croxon and Matt Hodgson to explain what SaaS founders can do to build resilience into their organizational models.


Hong Kong FinTech startup Qupital will offer services to eBay cross-border sellers (TECHCRUNCH)

Qupital said it will provide offshore financing services, including working capital, to eBay sellers in China and Hong Kong through QiaoYiDai, its main product.


Polyient Games will invest in early-stage startups making blockchain game infrastructure (VENTUREBEAT)

Blockchain gaming has to walk before it runs. That’s why Polyient Games, a recent spinoff of incubator Polyient Labs, is starting to invest in early-stage infrastructure companies that will enable blockchain games.


With the US turning away talent, can Canada grab the global lead on innovation during COVID-19? (BETAKIT)

Shafin Diamond Tejani, founder and CEO of Victory Square Technologies, shares his thoughts on how Canada can capitalize on the new normal ushered in by COVID.


Indian FinTech startup Slice raises $6 million (FINEXTRA)

Slice, a FinTech startup which offers card-based products to young Indians to help them build a better credit score, has raised $6 million in a funding round led by Japanese VC Gunosy.


FinTech startup that raised $100 million from investors Bessemer and Coatue is abruptly shutting down (FORBES)

ScaleFactor’s 100 employees were told during a town hall Tuesday that half of them would be laid off immediately, and that by the end of August there will be about 10 employees to help wind down the company.


Bench re-hires workers as sales rebound following shift to helping US businesses with COVID relief (BETAKIT)

After Bench decided to retool to help small businesses in the United States apply for Paycheck Protection Program loans, it had doubled its business.


Plaid’s Zach Perret: ‘Every company is a FinTech company’ (TECHCRUNCH)

Plaid provides APIs that link consumer bank accounts to apps and other financial services, making it the connective tissue of the FinTech boom.


FinTech calls the question: Different rules for digital and traditional banking? (THE HILL)

Should the United States continue to regulate financial services based on what companies call themselves rather than what they actually do?


Calgary FinTech startup Helcim develops own payment infrastructure, following in footsteps of Stripe, Square (BETAKIT)

Calgary-based FinTech startup Helcim has relaunched with a new offering that aims to allow businesses to easily accept payments.


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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.