F|T: The FinTech Times – A “slam on the brakes” for FinTech banking

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.


Toronto FinTech startup Pungle acquired by Berkeley Payment Solutions

Pungle was founded in 2017 by Paul Birkness, formerly of Moneris, former Shop.ca senior director of process engineering Braulio Lam, and founding engineer Rohan Nair, currently head of technology at Highline Beta.


LATEST JOBS

Coinsquare – Business Development Representative

Nudge Rewards Inc. – Senior Full Stack Developer

Sensibill – DevOps Engineer

See more jobs and post your own on Jobs.BetaKit (powered by Jobbio).


TechCrunch

Meet Bespoke Financial, a lender for cannabis companies backed by Snoop Dogg’s Casa Verde Capital

Bespoke Financial wants to provide cannabis businesses with the same kind of financial services that other businesses get, but that dispensaries and growers can’t yet access.


BetaKit

Samsung enters mobile POS market with exclusive Canadian launch

Samsung Electronics Canada is making its point of sale technology available exclusively in Canada.


FinTech’s fast pass to traditional banking is now cut off

A ruling by a federal judge this week pours cold water on some tech companies’ plans to quickly become a bank.


BetaKit

PayPal launches loan in Canada for small business owners

PayPal has announced it is now offering loans ranging between $5,000 and $100,000 to select small business owners in Canada.


Falling behind FinTechs could cost incumbent banks $88 billion

A resounding 60% of participants in Accenture’s 2019 Global Payments Survey believe they’ll lose as much as 15% of payments revenue over the next three years due to competition from emerging FinTech players.


BetaKit

MindBridge partnering with Bank of Canada to detect payment fraud

MindBridge Analytics is partnering with the Bank of Canada in a proof-of-concept project to use AI to track payment transactions.


TechCrunch

Revolut launches publicly in Singapore, signs deal with Mastercard

Revolut supports Singapore dollar as well as 13 other currencies. You can top up your account, and send and receive money from the app.


BetaKit

Luge Capital closes additional $10 million from strategics for FinTech-focused fund

Luge’s new capital comes in the form of strategic investments from BDC and one of Canada’s largest insurance and wealth management groups, iA Financial Group.


StepLadder climbs into BBVA/Anthemis Studio on £1.5 million seed raise

Collaborative mortgage deposit-raising platform StepLadder has secured a spot in the London venture studio for FinTech startups operated by BBVA and Anthemis after securing £1.5 million in seed financing.


BetaKit

Montreal FinTech research unit launches with $2 million from Finance Montréal, regulator

ESG UQAM, the AMF, and Finance Montréal are each investing $1 million over five years to launch a FinTech-focused interuniversity research unit.


TechCrunch

Truebill raises $15M to build a comprehensive platform for personal finance

Personal finance startup Truebill announced that it has raised $15 million in Series B funding.


BetaKit

Snap Projections acquired by FinTech startup WealthBar Financial Services

Snap Projections has been acquired by Vancouver-based wealth management company WealthBar Financial Services.


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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.