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Sensibill raises $17.3 million Series A to help banks and customers contextualize receipt data(BETAKIT)
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.
SoFi confirms $500m Series F funding round(FINEXTRA)
SoFi, an online lending platform, has entered into an agreement to raise $500 million in Series F financing led by Silver Lake.
When banks and FinTech innovate together, consumers win(VENTUREBEAT)
When banks and FinTech companies decide to collaborate on new ways to share their mutual customers’ data, all three parties come out ahead.
Mastercard announces plans to launch skip-the-line payments platform in Canada(BETAKIT)
At Mobile World Congress 2017, Mastercard announced plans to expand Qkr! with Masterpass to several new markets.
Do FinTech companies threaten multi-finance firms?(THE JAKARTA POST)
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?.
Report: RBC, Scotiabank leading banks in Canada for embracing FinTech innovation(BETAKIT)
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.
Credit Suisse taps Singaporean startup for wealth aggregation tech(FINEXTRA)
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.
FinTech startup CreditMantri raises $7.6M in Series B round(TECHSEEN)
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.
TouchBistro partners with Thinking Capital to launch restaurant financing(BETAKIT)
Restaurant owners across Canada that use TouchBistro’s POS system can now apply for financing from Thinking Capital through their TouchBistro account portal.
PolicyPal raises funding from 500 Startups, joins MAS’ FinTech Regulatory Sandbox(THETECHPORTAL)
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.
WealthBar joins Canadian Exchanged Trades Funds Association(BETAKIT)
WealthBar, which provides online investment portfolios and financial planning services, says this marks the first time a robo-advisor has joined the organization.
Here’s how open APIs could work against FinTechs(BUSINESS INSIDER)
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.
Simple’s new kind of shared bank account targets unmarried partners, roommates & more(TECHCRUNCH)
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.
Dream Payments launches integration with QuickBooks(BETAKIT)
The new integration will allow small businesses to get paid faster, improve access to capital, gather analytics, and better manage their cash flow.