F|T: The FinTech Times – A Spotify for money

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.


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Newton announces partnership meant to prevent the next QuadrigaCX scandal

Toronto-based Newton, a no-fee mobile cryptocurrency platform, has partnered with fellow Toronto company Balance, a cryptocurrency custodian.


RECOMMENDED BY INTERAC:

Interac wants to elevate the FinTech conversation at Canada’s largest tech festival

Speaking with BetaKit, Dinaro Ly, the Director of Innovation and Community Partnerships at Interac, shared what inspired Interac to partner with Elevate, how the company is involved in the festival, and what to keep an eye out for.


TechCrunch

GoCardless launches US debit payments solution and opens San Francisco office

GoCardless, the London FinTech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has launched a U.S. debit solution.


Deutsche Bank buys stake in a FinTech company months after major restructuring

The deal makes Deposit Solutions Germany’s second-largest FinTech unicorn.


BetaKit

Today in funding ($570K): Patchell Brook, Primped

Two Canadian startups have announced fresh funding rounds to fuel their growth. Here’s the latest on who raised how much, and from whom.


CircleUp raises $200 million to woo consumer retail startups with a VC alternative: loans

The money represents a significant boost to CircleUp’s loans business, which has originated more than $300 million in loans since its 2017 launch.


FinTech startup Groww raises $21.4M in Series B from Ribbit Capital, Sequoia, Y Combinator

FinTech startup Groww said that the funds will be used to double the employee count to over 200, and hire across functions of engineering, product, and growth teams.


BetaKit

Trulioo raises $70 million CAD from global banking heavyweights

Trulioo, a Vancouver-based FinTech startup focused on global identity verification, has raised a total of $70 million CAD from a number of large financial institutions.


TechCrunch

FairMoney raises $11 million for its challenger bank for emerging markets

FinTech startup FairMoney is building a challenger bank in Nigeria.


The London FinTech aiming to become the ‘Spotify for money’ raised $55 million using this pitch deck

“It’s rare to see Series B of this size in the market, and it is indeed pretty unique to the fintech vertical we’re in.”


Hard Times in Silicon Valley? Not for the payments startup Stripe

Known for its quiet and steady growth, Stripe said on Thursday that it received new funding that made it worth $35 billion.


WealthBar partners with Assante Wealth Management to launch online investing platform

“Canadians will benefit immensely from not only the investment expertise, but from knowing that their trusted advisor is always available.”


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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.