F|T: The FinTech Times – Bring in the enemies

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.

Brought to you by:

STACK FinTech Times


BetaKit

Financeit announces funding capacity of $85 million

ClearFlow, which provides cash flow to Canadian businesses, will also provide an extended credit facility of up to $15 million to Financeit.


STACK

STACK RECOMMENDS: As countries develop strategies, we need a FinTech champion

“With most of the elements required to be a global leader in the industry, what Canada needs now is a FinTech champion.”
– Miro Pavletic, CEO and co-founder of


BetaKit

RentMoola announces API partnership with Naborly, adds new property management features

Through the API, FinTech platform RentMoola can manage credit, customer data, fair housing compliance, and data security infrastructure.


Finextra

Kasikorn Bank opens $30 million FinTech war chest

Thailand’s Kasikorn Bank has launched a $30 million FinTech fund to invest in startups across South East Asia, Europe, and China.


Business Insider

FinTech AvidXchange raises $300 mln from Caisse, Mastercard

The $300 million equity investment values AvidXchange, a software company that helps mid-sized companies automate their invoicing and bill payments, at around $1.4 billion.


BetaKit

CareGuide’s Alyssa Atkins explains how non-FinTech startups can find growth opportunities in FinTech

“You’re priming people such that when they’re ready to use, you’ve already done something for them that they liked, so they’re more likely to go with you,” said Atkins.


Finextra

Social payments startup Plynk raises EUR25 million

The funding round was led by private investment trust, Swiss Privée.


Bloomberg

Desmarais empire seeks FinTech transformation from outside in

Canada’s billionaire Desmarais family has come up with a novel approach to fend off the technology startups that threaten its financial services empire: Bring the enemies in and invite them to attack.


TechCrunch

Addepar raises $140 million so more of the ultra rich can know exactly what they’re doing with their money

Addepar, the provider of data collection and monitoring services for the financial industry, raised the funds from Valor Equity Partners, 8VC, and QuantRes founder Harald McPike.


Finextra

Commcise working with RBC on MiFID-ready research payments tool

The two companies will provide a technology and service offering that enables research funds to be held in a segregated Research Payment Account (RPA) established in the name of a buy-side client.


BetaKit

PayPal Canada and Canada Post launch integrated payment and shipping solution for small businesses

Online sellers can track their orders, print shipping labels, and pay for shipping using their PayPal accounts.


PYMNTS.com

Apple iOS 11 will support P2P payments in iMessage

Apple’s new iOS 11 will allow users to send and request money to friends and family through iMessage.


TechPortal

FinTech startup ftcash raises pre-Series A funding from IvyCap Ventures and 500 Startups

The company plans to use the funding to develop products in the payment and loan categories, scale annual transactions to ₹1,500 crores and disburse loans to merchants upwards of ₹150 crores.


CNBC

Here are the 50 hottest FinTech firms in Europe right now

The annual FinTech50 list of European financial technology firms was unveiled this week with the U.K. dominating the rundown.



Subscribe to The FinTech Times

* indicates required



Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.