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Newton announces partnership meant to prevent the next QuadrigaCX scandal(BETAKIT)
Toronto-based Newton, a no-fee mobile cryptocurrency platform, has partnered with fellow Toronto company Balance, a cryptocurrency custodian.
Interac wants to elevate the FinTech conversation at Canada’s largest tech festival(BETAKIT)
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.
GoCardless launches US debit payments solution and opens San Francisco office(TECHCRUNCH)
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(CNBC)
The deal makes Deposit Solutions Germany’s second-largest FinTech unicorn.
Today in funding ($570K): Patchell Brook, Primped(BETAKIT)
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(FORBES)
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(YOURSTORY)
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.
Trulioo raises $70 million CAD from global banking heavyweights(BETAKIT)
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.
FairMoney raises $11 million for its challenger bank for emerging markets(TECHCRUNCH)
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(BUSINESSINSIDER)
“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(NYTIMES)
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(BETAKIT)
“Canadians will benefit immensely from not only the investment expertise, but from knowing that their trusted advisor is always available.”
