What's been happening in the world of fintech this week? Sit yourself down, ask someone you love to pour you a glass of gin laced with tonic and read on.
TruFin's ain't what they used to be
Funding news from LSE's junior market as TruFin, the fintech bank, has raised £70 million. As Finextra reported this week, the firm was created through a series of acquisitions made over the last three years by a hedge fund called Arrowgrass, which was set up by former Deutsche Bank staffers.
Starling partners early bird startups
Digital banking app Starling Bank has welcomed the first tranche of fintech startups to its Marketplace, providing consumers with in-app access to a plethora of third party insurers, pension providers, investment platforms and mortgage brokers. The first wave will include PensionBee, Wealthsimple, Habito and Kasko travel insurance.
eToro bullish on crypto
Global trading and investment platform eToro has added Stellar to its Crypto CopyFund, bringing its total number of cryptocurrency assets available to eight, according to AltFi. Stellar, which is described as an open-source protocol for exchanging money, now joins Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic and Dash on the platform.
"Open Banking - hardly a timebomb!"
In guest posts, Bud's Jamie Campbell and Louise Beaumont, co-chair of the Open Banking Working Group at TechUK, gave Foco their take on the implementation of the regulation everyone's talking about. Read that here.