F|T: The FinTech Times – Approved crypto funds

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3iQ first firm to have OSC and CSA-approved crypto fund (BETAKIT)

The fund will invest directly in bitcoin, ether, and litecoins.

Building a point of sale service for big business, Appetize rings up $20 million (TECHCRUNCH)

Appetize, which develops POS technologies for big stadiums and college campuses, raised the funds from Shamrock Capital Advisors.

PwC MoneyTree report: Canadian tech raised $3.3 billion in 2017 as AI and FinTech stayed hot (BETAKIT)

Canadian companies raised $3.3 billion CAD across 333 deals in 2017.

Twitter COO Anthony Noto is leaving to become CEO of SoFi(VOX)

The former Goldman banker is Twitter’s most important full-time executive.

Tryb Group raises $30M to develop FinTech platforms for Southeast Asia(TECHCRUNCH)

Tryb is focused on FinTech in Southeast Asia, but, unlike most startups in the region, it operates like an umbrella company by taking stakes in promising businesses and buying up others via acquisitions.

Coinsquare planning $150 million IPO this year (BETAKIT)

The money will go towards expanding to the US and the UK.

UK and Hong Kong trade agencies open FinTech awards programme

UK FinTech firms are being encouraged to pitch for the chance to showcase their technology to business leaders in Hong Kong under an awards programme overseen by Invest Hong Kong and the UK’s Department for International Trade.

Anorak scores £4M funding to make life insurance more accessible(TECHCRUNCH)

Anorak raised the seed funding from Kamet Ventures.

Stripe will end bitcoin support because customers aren’t interested (THE VERGE)

The move is a total reversal of Stripe’s position four years ago, when it announced it would become the first payment platform to accept bitcoin, citing bitcoin’s potential to be bought by anyone.

Borrowell launches free Equifax credit report monitoring (BETAKIT)

Borrowell started allowing customers to access credit scores through a partnership with CIBC.

B2B payables go virtual for BoA customers (PYMNTS)

Bank of America has launched an enhanced virtual card capability that uses application programming interface to enable commercial purchasing clients to connect directly to the bank’s virtual card system.

Transferwise partners with Flinks to power its instant account verification process (BETAKIT)

UK-based Transferwise is working with Flinks, which specifically targets the Canadian market.


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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