Hi everyone, hope you'll had a pleasant week. Here’s your fintech dose of the week. Enjoy!
Fintech News
Revolut makes crypto and gold trading ‘free’ for all customers.
Shopify Capital expands to the U.K. to provide immediate relief to merchants
Robinhood pushes back UK launch
Visa transaction volumes hurt as coronavirus crisis deepens
Chime bank pilots way to get $1,200 stimulus checks to users instantly after talks with Mark Cuban
Microsoft, Plaid team up to roll out personal finance app
France's central bank begins experimenting with digital euro
London-based fintech Zeux offers first physical card
Flux and Pleo partner to bring itemised digital receipts to Pleo’s ‘smart’ expense cards
Monzo CEO won’t take salary for 12 months after limited number of staff offered voluntary furlough
Deals of the week
InvestSuite, a European fintech company based in Belgium providing automated investment solutions to financial institutions by addressing their rapidly-evolving digital needs raised a $2.2 million seed round led by PMV.
Kyash, a Tokyo-based mobile banking business, raised $45 million in a Series C funding led by Greenspring Associates and Goodwater Capital.
RoadSync, a digital payments platform enabling more secure & efficient payment acceptance for the transportation industry raised $5.7M in Series A funding led by Base10 Partners.
Juspay, an Indian payments company, raised $21.6 million in Series B funding. Vostok Emerging Finance led the round, and was joined by investors including Wellington Management and Accel.
Coinmetrics, an all-in-one crypto financial data provider focused on delivering transparent actionable data and analytics to industry stakeholders, asset managers and global investment banks raised $6M in Series A funding led by Highland Capital Partners.
PatientPay, a Raleigh-Durham, N.C.-based patient payments solution, raised $6.2 million in funding. Mosaik Partners led the round along with an unnamed existing investor.
Lanistar, a banking alternative fintech company offering debit cards raised a $2.5M seed round.
What I'm reading
How Covid-19 Is Impacting Fintech Financing
Kabbage cuts credit to small businesses, shifts focus to SBA loans
Still Pre-Launch, Tiny Startup Tackles A Timely Crisis—Paying Off Medical Bills
Coronavirus Drives 72% Rise In Use Of Fintech Apps
Broken Synapse: Why Employees And Customers Are Fleeing This Andreessen-Backed Fintech Startup
America’s smallest banks are being enlisted to rescue millions of American jobs
Peer-to-peer industry faces rocky road ahead
How Visa, MasterCard, And American Express Can Help Restaurants
The Rush for $350 Billion in Small-Business Loans Starts Friday. Banks Have Questions.
How payments can adjust to the coronavirus pandemic—and help the world adapt
Banking industry sets out vision for EU payments market
Nubank shakes up Brazil’s banking bureaucracy
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