F|T: The FinTech Times – A cashless future

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.

FinTech and healthtech startup Aya comes out of “stealth” with $3.7 million CAD in seed financing (BETAKIT)

Toronto-based Aya, which creates payments solutions and program administration for employee benefits packages, has raised a $3.7 million CAD seed round.


How to Beat Silicon Valley at its Own Game with Expensify CEO David Barrett

On the #CIBCInnovationEconomy podcast series, CEO David Barrett admits he never planned to get into the expense management space. But by saying yes to opportunities, he built Expensify into a successful innovation economy.

Robinhood seeks advisers for potential IPO next year (BLOOMBERG)

Robinhood Markets, the trading platform that’s proved popular with novice investors, has asked banks to pitch for roles in an initial public offering, according to people with knowledge of the matter.

Shopify expands payment options for US merchants through partnership with Alipay (BETAKIT)

Shopify has partnered with major Chinese digital wallet platform Alipay to expand its payment options for merchants based in the United States.

The cashless economy: How FinTech is approaching the future of finance (FORTUNE)

Cashless payments were on the rise before the pandemic hit, and now, eight months into its grip on the U.S., their use is accelerating even faster.

Chime the latest US tech company to expand to Vancouver (BETAKIT)

Chime, a consumer FinTech firm headquartered in San Francisco, has opened an office in Vancouver and has legally incorporated in Canada.

Daylight is a new digital bank built to solve the LGBTQ+ community’s banking challenges (FAST COMPANY)

Whether it’s financial illiteracy or discriminatory practices, there’s a deep divide in equitable banking for the LGBTQ+ community—and Daylight is looking to bridge the gap.

Nasdaq acquires St. John’s based Verafin for $2.75 billion USD (BETAKIT)

Nasdaq has acquired St. John’s-based Verafin for $2.75 billion USD, combining Verafin’s anti-financial crime products with Nasdaq’s regulatory technology.

Google Pay’s massive relaunch makes it an all-encompassing money app (THE VERGE)

It will include tap-to-pay, peer-to-peer, personal finance aggregation, customizable deals, and even full banking services.

Aquatic Informatics CEO Ed Quilty on why entrepreneurs should fake it till they make it (BETAKIT)

On the #CIBCInnovationEconomy series podcast, CEO Ed Quilty shares Aquatic Informatics’ growth story and what he has learned about entrepreneurship.

UK watchdog warns FinTech startup hyped by Instagram influencers may be a scam (CNBC)

The U.K.’s Financial Conduct Authority said Wednesday that FinTech firm Lanistar has been providing financial services without its authorization.

Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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