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.


BetaKit

Future of Money event stresses collaboration over competition in FinTech

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


VentureBeat

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

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


Business Insider

Uber is partnering with Moneyfarm in the UK to help drivers save their money

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


BetaKit

Wave launches small business lending with OnDeck partnership

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.


Crowdfund Insider

UK’s Recasher hits Seedrs to raise €500,000 for loyalty program expansion

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


Finextra

Chase preps digital mortgage platform

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.


TechCrunch

Jaguar launches in-car payments at Shell gas stations

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.


VentureBeat

OpenFin raises $15 million to disrupt Wall Street trading

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.


Business Insider

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

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.


BetaKit

PayPal acquires TIO Networks for $304 million

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.


Indian CEO

FinTech startup Better Mortage raises $15 million of Series B funding

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


BetaKit

Lightspeed signs on 10,000th ecommerce customer

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


Business Insider

FinTech deal sizes are shrinking

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


Finextra

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

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


BBC

New hub to support FinTech entrepreneurs

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



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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.