F|T: The FinTech Times – Domo Arigato Mr. Robo-advisor

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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.

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BetaKit

Wave raises $6.7 million from BDC Capital as it works to enter the lending space

CEO Kirk Simpson said that in the next six to 12 months, the company will roll out new features centred around money movement.



Wealthsimple

Spike Lee Tells Us Why He Never Feels Bad Asking for Money

The director sits down with Wealthsimple to talk first jobs, family philosophy, and how to keep asking for money until you get that “Yes.” (sponsored)



BetaKit

Lendified acquires Techstars graduate Mentio Technologies

Toronto-based Lendified has acquired Mentio Technologies, a Vancouver-based company specializing in automated cash flow forecasting.



Finextra

“Robo-advisor” Betterment raises $100 million

In another sign of the new austerity in startup fundraising, CEO Jon Stein says he chose not to take a $1 billion “unicorn” valuation in lieu of better terms.



PYMNTS

Can a FinTech regulator framework help achieve responsible innovation?

Among the top banking regulators aiming a regulatory salvo at the FinTech sector: the Office of the Comptroller of the Currency.



TechCrunch

Branch.co raises $9.2 million to bring financial services where banks don’t go

The app works without asking users for a credit history like they’d need to get a credit card from a traditional bank.



Finextra

Facebook Messenger is reportedly taking on Apple Pay and Samsung Pay

Some of the commands discovered in the latest version of Facebook’s Messenger app include “pay in person,” “pay directly in Messenger when you pick up the item,” and “no cash needed.”



TechCrunch

We get face time with MasterCard’s ‘Selfie Pay’ pilot

Dubbed “Selfie Pay” by MasterCard, the process has no bearing on face-to-face transactions at a physical point-of-sale — it’s purely aimed at e-commerce.




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Feature image courtesy TechCrunch.

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.