F|T: The FinTech Times – The first bitcoin unicorn

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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Shopify, TouchBistro now integrated into Moneris iPad POS solutions(BETAKIT)

Moneris iPad POS Solutions allow businesses to customize their iPads with software that best suits their operations.

$100 million: Coinbase raises biggest-ever round for bitcoin startup(COINDESK)

This funding round, led by Institutional Venture Partners, puts Coinbase’s valuation at $1.6 billion.

Vancouver-based Koho hiring Toronto team, including VP of Finance and COO(BETAKIT)

The company is hiring for 18 positions across departments like engineering, marketing, and product.

PayPal acquires Swift Financial to expand its working capital program for small businesses(VENTUREBEAT)

PayPal has offered a working capital program through which it lends money to small businesses — it has loaned more than $3 billion to date.

TickSmith raises $2 million to commercialize financial data analytics platform(BETAKIT)

The funding was led by Illuminate Financial Management LLP.

Abu Dhabi steps up FinTech activity(FINEXTRA)

As it prepares to host its inaugural fintech event in October, Abu Dhabi Global Market (ADGM) has teamed up with KPMG on the innovation challenge, inviting mature startups from around the world to apply by 25 August.

Guideline raises $15 million led by Felicis to make 401(k)s more widely available(TECHCRUNCH)

Guideline, which wants to make it easier for small and medium-sized businesses to offer 401(k) retirement accounts, raised the funds from Felicis Ventures.

The rise of AI first world in financial services(FINEXTRA)

Will machines take over the planet? Probably not. Will machines become your new colleagues at work? Maybe. Will Artificial Intelligence become a core part of your IT systems and digital fabric? Absolutely.

Equibit Group unveils digital wallet for Equibit system(BETAKIT)

Portfolio, the digital wallet that will be used to store equibits and bitcoin, will be available later this year.

SoftBank’s Vision Fund acquires stake in India’s Flipkart(CNBC)

The deal comes 10 days after SoftBank’s attempts to forge a deal between Flipkart and its smaller rival Snapdeal fell apart following months of negotiations.

Railsbank, a new FinTech startup from Currencycloud founder, raises $1.2M led by Firestartr(TECHCRUNCH)

Neyber, which provides a financial wellbeing platform for UK employees, raised the funds from Wadhawan Global Capital and existing investors.


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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