F|T: The FinTech Times – Innovate together

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

Sensibill raises $17.3 million Series A to help banks and customers contextualize receipt data

The round was led by Information Venture Partners and OpenText Enterprise Apps Fund, with participation from San Francisco-based Operative Capital, Mistral Venture Partners, and existing investor Impression Ventures.


Finextra

SoFi confirms $500m Series F funding round

SoFi, an online lending platform, has entered into an agreement to raise $500 million in Series F financing led by Silver Lake.


VentureBeat

When banks and FinTech innovate together, consumers win

When banks and FinTech companies decide to collaborate on new ways to share their mutual customers’ data, all three parties come out ahead.


BetaKit

Mastercard announces plans to launch skip-the-line payments platform in Canada

At Mobile World Congress 2017, Mastercard announced plans to expand Qkr! with Masterpass to several new markets.


The Jakarta Press

Do FinTech companies threaten multi-finance firms?

Will financial institutions become more vulnerable to the new nascent FinTech companies? Will FinTech companies ever be ready to compete with the well-established and trustworthy institutions?.


Entrepreneur

12 top FinTech companies to watch

A number of FinTech startups are knocking it out of the park and rising to the top. Here are the top 12 FinTech companies to watch this year.


BetaKit

Report: RBC, Scotiabank leading banks in Canada for embracing FinTech innovation

In a report by IDC, RBC and Scotiabank scored the highest overall ranking in areas such as their willingness to tackle FinTech issues, and establishing digital development hubs.


Finextra

Credit Suisse taps Singaporean startup for wealth aggregation tech

The partnership will provide clients of Credit Suisse’s digital private banking platform with a single portfolio view of their holdings across multiple institutions and asset classes.


TechSeen

FinTech startup CreditMantri raises $7.6M in Series B round

The funding was led by US-based VC firm, Quona Capital. Existing investors IDG Ventures, Newid Capital, and Elevar Equity also participated in the funding round.


BetaKit

TouchBistro partners with Thinking Capital to launch restaurant financing

Restaurant owners across Canada that use TouchBistro’s POS system can now apply for financing from Thinking Capital through their TouchBistro account portal.


TechPortal

PolicyPal raises funding from 500 Startups, joins MAS’ FinTech Regulatory Sandbox

Insurtech startup PolicyPal has secured an undisclosed seed funding from 500 Startups and a cohort of undisclosed angel investors. It plans to use the funds to accelerate product development and level up its marketing.


BetaKit

WealthBar joins Canadian Exchanged Trades Funds Association

WealthBar, which provides online investment portfolios and financial planning services, says this marks the first time a robo-advisor has joined the organization.


Business Insider

Here’s how open APIs could work against FinTechs

Opening up APIs to third parties can benefit challenger banks by allowing them to offer a broader product suite to their customers, but there are also risks attached to this strategy.


TechCrunch

Simple’s new kind of shared bank account targets unmarried partners, roommates & more

The idea, the company explains, is to offer a type of banking product for “every type of relationship from romantic to roommate.” Users can switch to a shared account to track combined expenses and transactions and set combined budget goals.


BetaKit

Dream Payments launches integration with QuickBooks

The new integration will allow small businesses to get paid faster, improve access to capital, gather analytics, and better manage their cash flow.


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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.