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.
New report says Canadians love staying connected with tech, even though it can create feelings of emptiness(BETAKIT)
A new report from Simplii Financial sheds light on how Canadians use technology, pointing to excitement—and tension—about tech’s role in their daily lives.
The good news is that if you were thinking about trying Revolut for your business needs, it’s now cheaper to get started. But there are some limits.
The funding round for SME lending startup Indifi also saw participation from a new investor Fair Finance Fund LLC along with existing investors such as Omidyar Network, Elevar Equity, and Accel.
Raising that amount in less than 17 months makes Synspective the world’s fastest and Japan’s second highest funded space startup.
Toronto-based Hubdoc’s co-founder and CEO Jamie McDonald has been appointed executive general manager of product, accounting, and global services at global FinTech giant Xero.
Digital financing startup Drip Capital raises $25M in Series B funding from Accel and others(YOURSTORY)
With this round, Drip Capital has raised over $45 million of equity (across four deals) to date and $55 million in debt funding.
$100M Series C brings FinTech startup MoneyLion near $1BN valuation(SILICONREPUBLIC)
MoneyLion’s latest investment round, led by Edison Partners and Greenspring Associates, will go towards accelerating growth in the US.
While the company didn’t disclose the size of the round, a couple of media reports hint that Zeta raised up to $60 million at an estimated valuation of $300 million.
FinTech decacorn Nubank raises $400M led by TCV(TECHCRUNCH)
The growth-stage fund is best known for its investment in Netflix but has also made FinTech a high priority, with over $1.5 billion in investments in the space.