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

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

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

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


techcrunch

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

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


betakit

Borrowell CEO shares challenges faced after finding product-market fit

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


fortune

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

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.


finextra

Revolut unveils Connect, an app store for business banking

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


bk

Lighthouse Labs launches course to address shortage of blockchain developer talent

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


techcrunch

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

Tradeshift is a supply chain payments and marketplaces startup.


finsmes

FinTech startup Moneyfarm raises €46M in new funding

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.


forbes

Meet Piggybank.ng, the Nigerian FinTech startup that just raised $1.1 million

Piggybank.ng is an online savings platform that enables savers to put away funds that they don’t want to withdraw easily.


businessinsider

Bitcoin 101: Your essential guide to cryptocurrency

Bitcoin is everywhere. The cryptocurrency is seemingly in the news every day as investors and businesses try to understand the future of this digital finance. But what is Bitcoin all about?


techcrunch

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

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.


bk

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

The OPC has not opened a formal investigation.


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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.