F|T: The FinTech Times – The FinTech scaling problem

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TribalScale appoints Preeti Malik as Venture Studios’ executive-in-residence (BETAKIT)

As the executive-in-residence, Malik will advise Venture Studios’ startups on ideation, strategy, development, and growth.

Flock raises £2.25M for its on-demand drone insurance(TECHCRUNCH)

The funding was led by Anthemis, with participation from Silicon Valley’s Plug and Play, Seed and Speed, and previous backer Downing Ventures.

Borrowell CEO shares challenges faced after finding product-market fit(BETAKIT)

“To scale people, to scale a team, you have to put in different processes to make it possible for the people to communicate.”

Japan’s biggest bank to switch on blockchain payments in 2020(FORTUNE)

Over the past year and a half, Mitsubishi UFJ Financial Group partnered with Akamai, a U.S. tech company, to design a blockchain that can handle 1 million transactions per second at latencies of less than 2 seconds.

Revolut unveils Connect, an app store for business banking(FINEXTRA)

Revolut Connect allows users to connect their Revolut for Business account to the tools and apps they use everyday.

Lighthouse Labs launches course to address shortage of blockchain developer talent (BETAKIT)

Developers participating in the course will learn about theoretical possibilities of technologies like blockchain, ethereum, solidity, and smart contracts.

Tradeshift raises $250M Series E, Goldman Sachs joins the round(TECHCRUNCH)

Tradeshift is a supply chain payments and marketplaces startup.

FinTech startup Moneyfarm raises €46M in new funding(FINSMES)

Moneyfarm, which is an online investment advisor, raised the funding from Allianz Asset Management, with participation from Endeavor Catalyst, and Fondazione di Sardegna, and existing investors United Ventures, Cabot Square Capital.

PayPal and Singapore’s Temasek invest $125M in Indian payment startup Pine Labs (TECHCRUNCH)

Pine Labs offers a point-of-sale device that covers debit and credit cards, as well as new and increasingly popular digital payment methods that include mobile wallets, and services that support Indian government project UPI.

Simplii Financial, BMO warn customers that ‘fraudsters’ may have breached customer accounts(BETAKIT)

The OPC has not opened a formal investigation.


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.

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