F|T: The FinTech Times – A whole new asset class

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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Clearbanc raises $92 million CAD to help companies invest in marketing without dilution (BETAKIT)

In creating a new asset class for entrepreneurs, “I built the product that I wanted to have as an ecommerce entrepreneur,” co-founder Michele Romanow said.

Zafin Recommends: Three Key Takeaways from our Open Banking Breakfast Panel

“Banks are not sitting back when it comes to transformation. We are purposeful when it comes to the initiatives our bank is undertaking. No bank, certainly not one of the Canadian Big five, will be able to survive if they don’t embrace open banking.”
– Terry Hickey, Chief Analytics Officer at CIBC.

Drop acquires predictive analytics company Canopy Labs (BETAKIT)

Since its launch in 2012, Canopy Labs has analyzed over $20 billion in sales data.

Cryptocurrency panel: How blockchain startups are disrupting big industries (VENTURE BEAT)

“Blockchain has gone from being a mysterious source of scams to having its own thriving startup ecosystem.”

Loans marketplace Mintos scores €5M Series A and plans to launch a debit card (TECH CRUNCH)

The funding will be used to launch a Mintos banking account and debit card, significantly expanding the company’s offering.

Mobeewave raises $22 million to enable contactless payments for businesses (BETAKIT)

The Mobeewave platform is currently deployed in Australia, Canada and Poland through respective partnerships with Commonwealth Bank, National Bank, and Polskie ePlatnosci.

Poynt raises $100M in Series C funding

Poynt OS is an open operating system that can power smart payment terminals, creating a new app economy for merchants and allowing developers to write once and distribute everywhere.

Tandem partners with Stripe on new auto save feature (PYMNTS)

Tandem Bank said the new feature allows customers to set up rules that automatically move money from their current accounts with other providers to a savings account with Tandem.

Ario raises $10 million to offer enterprise lending-as-a-service (BETAKIT)

The company received the funding from Purpose Financial.

Fluidly, the ‘intelligent’ cashflow management SaaS for SMEs, picks up £5M Series A (TECH CRUNCH)

The round is led by New-York based Nyca Partners, with participation from other investors including Octopus Ventures, Anthemis, and angel investors Simon Murdoch and Charlie Songhurst.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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