F|T: The FinTech Times – The global FinTech boom hits $20 billion

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

Hardbacon raises $150,000 with participation from Bulldozer

Hardbacon said it will work with Bulldozer to develop the new version of its app, as well as release an Android version of its app next September.


dealstreet

Japanese FinTech startup Paidy raises $55m Series C from ITOCHU, Goldman Sachs

Paidy allows users to buy online without creating an account or using credit cards. The transactions can be made through Paidy by entering the mobile phone and email for verification and settling the bills on a monthly basis.


vb

Even raises $40 million for budgeting app that lets clients like Walmart offer payday advances

Even is a mobile app that integrates with your bank account to show you how much money you can safely spend at any given time.


techcrunch

PayPal leads $50M round for PPRO, a profitable cross-border payment specialist

This PPRO investment also includes participation from new investor Citi Ventures and previous backer HPE Growth Capital.


bk


Holt FinTech Accelerator announces partnerships with VCs

The program said its partners, which consist mostly of VC funds, will support the program internationally and provide advice to the 10 startups selected for the program.


wsj

General Atlantic invests $250 million in lending startup Greensill

Greensill, which provides working-capital financing to companies around the world, has been closely held until now. General Atlantic is its first institutional investor.


bk

Coinsquare hires new chief digital officer as platform looks to win a broader audience

Former Postmedia chief digital officer Thomas Jankowski is taking on the role of chief digital and growth officer.


techcrunch

With eyes on Europe, Open Banking API provider TrueLayer raises $7.5M

TrueLayer, which has built a developer platform to help FinTechs access bank APIs, raised the funding from Northzone.


vb

Global FinTech boom continued in Q2, with 383 startups raising a record $20 billion

The surge was led by a $14 billon round of funding for China’s Ant Financial. But even without that massive round, VC-backed fintech companies raised $6.3 billion in funding, up from $5.6 billion in the previous quarter, according to a report by CB Insights.


cnbc

Mastercard has a new patent that could allow bitcoin transactions on credit cards

Consumers might one day be able to charge their purchases on their credit cards using bitcoin as a currency.


finsme

FinTech startup Points raises $8 million in seed funding

Points uses blockchain technology and AI to develop a secure and configurable protocol that encourages entities to participate in sharing their proprietary data for improved credit scoring and inclusive finance.


itpro

Why security testing is a core business value for FinTech

Financial institutions have been attractive hacking targets for many years, and this attention has not diminished with the addition of cloud and mobile technology.


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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.