F|T: The FinTech Times – Wealthsimple wants your savings, too

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.

Wealthsimple launches savings account (BETAKIT)

The startup’s Smart Savings service launched in beta to existing clients in January.

Bancor launches a cryptocurrency wallet that converts instantly between tokens (VENTUREBEAT)

Bancor, an open source protocol for automated token conversions, has launched Bancor Wallet, which grants users instant on-chain conversion across almost 70 cryptocurrencies. Bancor promises that more tokens will be added daily.

SoftBank, Alibaba to invest $445 million in Indian e-retailer Paytm E-Commerce (CNBC)

“We believe Paytm Mall’s offline-to-online operating model, combined with the strength of the Paytm ecosystem, is uniquely positioned to enable India’s 15 million offline retail shops to participate in India’s e-commerce boom,” SoftBank said in a statement.

OneEleven and Aviva Canada announce five startups accepted into insurtech growth program(BETAKIT)

The program provides one-on-one mentoring sessions with Aviva Canada and pitch feedback from OneEleven community experts.

Walmart takes its money transfer service global(CNBC)

In partnership with MoneyGram International, Walmart is launching Walmart2World, which allows customers to transfer funds between Walmart locations domestically, sending as much as $2,500 at a time.

Stripe launches a new billing tool to tap demand from online businesses

Stripe said the billing product for online businesses will allow them to handle subscription recurring revenue, as well as invoicing, within the Stripe platform and get everything all in the same place.

OMERS Ventures invests in OB1 (BETAKIT)

OB1, the company behind the decentralized online marketplace OpenBazaar, has raised $5 million USD in a Series A funding round.

DriveWealth raises $21M in Series B funding (FINSMES)

DriveWealth, which offers digital brokerage solutions to broker-dealers, advisors, and online partners through its investment platform, raised the funding from Raptor Group Holdings, SBI Holdings, Inc, and Point72 Ventures, LLC, as well as existing investors Route 66 Ventures.

Quintacorn Robinhood’s free crypto trading rolls out in Cali, 3 more states(TECHCRUNCH)

Zero-fee trading of Bitcoin and Ethereum is now available to all investors in California, Massachusetts, Missouri, and Montana.

Mogo launches MogoCrypto (BETAKIT)

MogoCrypto allows Mogo users to buy and sell bitcoin at real-time prices from their mobile, including free funding transfers and withdrawals.

Five things FinTech startups must do in 2018 to get noticed, adopted, and funded (FORBES)

The FinTech companies gaining real traction with customers, investors, top talent and large strategic partners are getting certain things right where others are falling down. Here are five things the winners nailed that newcomers must do to compete.

RBC no longer allowing the use of credit cards for cryptocurrency transactions(BETAKIT)

RBC is the latest Canadian bank to limit cryptocurrency purchases after TD Bank did it in late February.


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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