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Report: Canadian tech investment hits record $1.3 billion CAD in Q1 2018 (BETAKIT)
Q1’s $1.28 billion funding amount is the largest seen since CB Insights began collecting MoneyTree data in 2012.
PayPal joins $44 million investment in card-linked cashback startup Dosh
(VENTURE BEAT)
Dosh, which allows users to get cash back when they shop at selected retailers with a linked card, raised the Series A funding from PayPal and Goodwater Capital.
Revolut becomes latest FinTech unicorn after $250 million funding gives it a $1.7 billion valuation(CNBC)
The London-based firm provides a debit card that allows people to spend money in 150 currencies with no fees at a real-time exchange rate. It has since expanded services to offer a current account, cryptocurrency trading, and insurance.
Wealthsimple, Flipp make Great Place to Work list (BETAKIT)
Great Place To Work does research representing 12 million employees.
Digit’s first move beyond saving money is a feature to pay down credit card debt (TECHCRUNCH)
The new feature works by enabling users to create a “credit card debt” goal in their Digit settings and activate the Digit Pay service.
Wealthify joins Starling marketplace (FINEXTRA)
Wealthify, backed by insurance giant Aviva, offers low-cost ISA and general investment plans that contain a broad range of investments, such as shares, bonds, property, and commodities.
#BCTECHSummit speaker Wellington Sculley explains how blockchain will benefit the Canadian economy (BETAKIT)
The friction of cross-border payments is a constraint on global trade and commerce. Blockchain could change that.
Singapore to speed up blockchain patent approvals(COINDESK)
Singapore’s Intellectual Property Office announced an initiative to expedite the patent-granting process for FinTech-related applications such as blockchain-based payments.
Aion Network launches blockchain interoperability platform to public (BETAKIT)
“We envision a future where any blockchain can connect and share data.”
U.S. FinTech FinMason announces Canadian launch (CROWDFUND INSIDER)
FinMason said the new production environment will allow Canadian financial services firms and U.S. based companies with operations in Canada to use FinMason’s investment analytics to enhance their offerings.
German insurance ‘robo-advisor’ Clark scores $29 million Series B (TECHCRUNCH)
The round was led by FinTech investor Portag3 Ventures, and VC fund White Star Capital, with participation from a number of existing investors including Coparion, Kulczyk Investments, and Yabeo Capital.
Hawk Incentives joins Kik’s Kin ecosystem to boost transaction activity (TECHCRUNCH)
Hawk Incentives develops branded value rewards — such as gift cards, egifts, and ecodes — for corporates looking to incentivize participation.