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RBC launches Reach accelerator with Highline BETA
Participants will get access to office space in Toronto’s financial district, and receive an initial investment of $100,000 from Highline BETA and RBC.
Venmo officially launches its own MasterCard-branded debit card
The new card will allow Venmo users to pay anywhere MasterCard is accepted in the U.S., and will record transactions to the user’s Venmo account for easy splitting with friends.
Salesforce Accelerate EMEA aims to help FinTech startups scale higher
“The program is currently open to Irish applicants and there will also be an Accelerate workshop held in Dublin in September.”
#EmpireFinTech panel says government slowness on regulation leading to loss in blockchain talent
“None of these companies are staying in Canada because of the regulations.”
FinTech friends: Monzo partners with TransferWise for international payments
The partnership will see TransferWise power international payments for the UK challenger bank’s 750,000 customers.
CryptoKitties launches KittyVerse to attract more third-party developers
CryptoKitties has updated its terms of service to give third-party creators the ability to leverage CryptoKitties’ assets.
Amazon chooses Amex for small business credit card
The card solution will include integrated spend management features, enabling small firms to gain insight into purchasing activity.
Nationwide launches £50M FinTech fund
The fund will focus on seven main themes: house and home; personal data and identity; financial wellness; community and society; banking-as-a-platform; operational efficiency; and new segments.
Kik launches gamified features to drive Kin adoption
A sample of approximately 1,000 Kik users will be able to earn Kin by completing tasks including a tutorial, quizzes, and polls.
China’s financial payments giant is coming for Western Union
Ant Financial has unveiled a cross-border remittance service powered by blockchain technology. The release marks the company’s expansion into the global remittance market, after an attempt to purchase an American remittance company failed due to political pushback.
CashShield raises $20 million to help companies fight fraud with AI
The funding was led by Temasek and GGV Capital and included money from previous investors, including Nest co-founder Tony Fadell, Wavemaker Partners, and Tao Zhang.
FinTech startup Sqrrl raises $1M in Pre-Series A as it aspires to reach 5 million customers in 5 years
Sqrrl is an investment and wealth management platform aimed at helping young Indians build savings and investment habits.