F|T: The FinTech Times – The EU’s FinTech Action Plan

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.


BetaKit

Purpose Financial acquires Thinking Capital for reported $200 million

Thinking Capital will retain its headquarters in Montreal and all employees will remain with the company.


techcrunch

ICOs delivered at least 3.5x more capital to blockchain startups than VC since 2017

Despite more than $900 million in recorded venture funding for blockchain startups in 2017, traditional VC rounds — convertible notes seed, angel, Series A, Series B, etc. — now pale in comparison to ICOs in terms of dollar volume.


tele

Challenger bank Atom raises £150m as investors lift their stakes

Atom, which has taken £1.3bn of deposits and loaned more than £1.2bn to UK SME businesses and homeowners, plans to use the money to grow as a lender and invest in technology and other business capabilities.


betakit

P2P platform Lending Loop now offering corporate lending

To date, Lending Loop says it has facilitated over $17.5 million in loans to businesses across Canada.


the verge

Google takes on WhatsApp in India with chat option for Tez payments app

It’s yet another messaging solution from Google, but this time around it’s easy to see why it’s necessary. WhatsApp has launched its own in-app payments system for India, with the potential to be a huge deal.


pymnts.com

Mastercard buys Oltio to bolster digital payments

Issuers will be able to add new functionalities, including P2P payments, bill payments and airtime top-ups, which can be integrated into existing mobile banking applications. For merchants, Mastercard said it will enable even the smallest businesses to accept digital payments.


coindesk

EU eyes blockchain push with new FinTech Action Plan

According to a 2018 Fintech Action Plan released on Thursday, the European Commission – the executive arm of the European Union – plans to form a new Fintech Lab in the second quarter in 2018.


techcrunch

Qarnot unveils a cryptocurrency heater for your home

You’ve read that right, the QC1 is a heater for your home that features a passive computer inside. And this computer is optimized for mining.


betakit

TouchBistro partners with Chase to offer instant payment processing

Through the WePay partnership — Chase’s platforms providing integrated payments processing to companies like GoFundMe — TouchBistro will gain a platform to market its POS solution on Chase.com and other channels.


finextra

Babb raises $20m for blockchain banking platform

Having just raised $20 million in a sold-out token sale, British blockchain-based banking platform Babb has set its sights on opening its first bank accounts before the end of the year.


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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.