F|T: The FinTech Times – Abandoning ship on Facebook’s Libra

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.


12 Canadian FinTech startups chosen to embark on UK trade mission

From October 21 to 25, Canadian FinTechs from five major Canadian cities will participate in a trade mission to the UK.


TechCrunch

Rapyd raises $100M for its ‘FinTech as a service’ API, now valued at nearly a $1B valuation

The company is not only riding a wave of strong growth, but this is the second funding round it has raised this year, after raising $40 million in February.


South Korean blockchain startup raises $8M for identity authentication

Blockchain company Iconloop has secured 10 billion Korean won (KRW) (over $8 million) from seven investment companies participating in a Series A funding round.


BetaKit

Widow of QuadrigaCX CEO to forfeit around $12 million to Ernst & Young

Jennifer Robertson, the widow of the late-CEO of QuadrigaCX, Gerald Cotten, has agreed to forfeit nearly all of her assets to Ernst & Young.


What’s next for FinTech growth?

Regtech, cybersecurity, wealthtech and proptech are other sectors on the rise.


BetaKit

Mogo partners with goeasy to pilot new personal loan offering

Vancouver-based FinTech startup Mogo is partnering with alternative financing provider goeasy, to pilot a new personal loan offering.


VCs invested almost $40 billion in FinTech last year. 4 major leaders describe the steps they’ve taken to grow their businesses after being flushed with cash.

The global FinTech market raised a record $39.57 billion from venture capital investors in 2018.


BetaKit

Innovate Financial Health launching FinTech accelerator with Capital One

Innovate Financial Health, a nonprofit that supports technology that improves financial health, is launching an accelerator funded by Capital One.


With Square’s backing, a Texas startup declutters benefit payments

Small merchants often have to squeeze a hodgepodge of hardware onto their counters to manage government electronic benefit transfers, a distinct niche Novo Dia Group is working to solve with an investment from Square.


BetaKit

PwC Canada selects Calgary’s TerraHub for its blockchain delivery arm

TerraHub, a private blockchain and artificial intelligence startup based in Calgary, has been selected to act as the blockchain delivery arm of PwC Canada.


TechCrunch

Klarna CEO Sebastian Siemiatkowski to speak at Disrupt Berlin shortly after raising $460 million

Klarna is quietly becoming a FinTech giant. Following its latest founding round, the company is now valued at $5.5 billion.


Why so many companies bailed on Facebook’s Libra project at once

Payment companies are dropping out before a big meeting in Geneva next week.


Bitcoin company Hut 8 Mining first to trade on TSX via new listings initiative

Hut 8 Mining Corp., a cryptocurrency mining and blockchain infrastructure company, has announced it will begin trading on the Toronto Stock Exchange.


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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.