F|T: The FinTech Times – The future of money

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.

Future of Money event stresses collaboration over competition in FinTech(BETAKIT)

Co-hosted by TWG and Capital One, this event brought together banks and FinTechs like Wealthsimple discuss the future of financial services.

Barcelona’s ID Finance raises $50 million in debt funding to expand FinTech to developing countries(VENTUREBEAT)

The funding was led by Russian bank TransKapitalBank following the company’s launch in Brazil last year.

Uber is partnering with Moneyfarm in the UK to help drivers save their money(BUSINESS INSIDER)

Uber will offer a co-branded version of Moneyfarm’s wealth management app to its estimated 40,000 drivers in the UK.

Wave launches small business lending with OnDeck partnership(BETAKIT)

Entrepreneurs can request between $5,000 to $500,000, and Wave — which currently boasts 2.3 million customers — promises to have funds available as soon as the next business day.

UK’s Recasher hits Seedrs to raise €500,000 for loyalty program expansion(CROWD FUND INSIDER)

Since launch, Recasher has secured more than half its initial funding target to expand its loyalty program, which offers consumers instant emoney cashback.

Chase preps digital mortgage platform(FINEXTRA)

Chase bank is gearing up to launch a digital self-service mortgage platform that lets customers track their loan applications and communicate with loan officers and real estate agents through real-time messaging.

Jaguar launches in-car payments at Shell gas stations(TECHCRUNCH)

Jaguar is teaming up with Shell to launch a new payment feature that lets drivers use Apple Pay or PayPal to easily pay for gas right within their vehicles at the pumps.

OpenFin raises $15 million to disrupt Wall Street trading(VENTUREBEAT)

The funding round was lead by J.P. Morgan, with participation from Bain Capital Ventures, Euclid Opportunities, DRW Venture Capital, Nyca Partners, and Pivot Investment Partners.

The CEO of startup bank Starling says EU law is ‘important and good’ for UK FinTech(BUSINESS INSIDER)

Anne Boden, founder and CEO of Starling says EU law has been good for fostering Britain’s flourishing FinTech and she fears Brexit may set it back.

PayPal acquires TIO Networks for $304 million(BETAKIT)

The acquisition is expected to help PayPal effectively enter the bill payments space, as TIO allows billing companies to accept payments outside of traditional bank channels.

FinTech startup Better Mortage raises $15 million of Series B funding(INDIAN CEO)

The funding comes from Kleiner Perkins, Pine Brook, and Goldman Sachs.

Lightspeed signs on 10,000th ecommerce customer(BETAKIT)

Lightspeed Retail signed up its 10,000th ecommerce customer: Isabelle Racicot, a television host and founder of Picoum.

FinTech deal sizes are shrinking(BUSINESS INSIDER)

A report from CB Insights suggests that funding rounds for FinTechs are getting smaller.

The FinTech effect: Banks buy in to benefits of boosting financial well-being(FINEXTRA)

FinTechs are setting new standards for customer control and experience, forcing high street banks to up their game, says UK charity Fairbanking Foundation.

New hub to support FinTech entrepreneurs(BBC)

Scotland’s first financial technology business accelerator is to open its doors to entrepreneurs in May 2017


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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