F|T: The FinTech Times – Au revoir, Revolut

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.

Revolut leaving Canadian market (BETAKIT)

FinTech startup Revolut is pulling out of Canada, BetaKit has learned, more than a year and a half after launching a beta version of its offering locally.


NACO West 2021: A national summit with a regional focus

Without reliable access to informed early-stage capital, we risk losing a generation of entrepreneurs and their future economic and social contributions. Over the last decade, NACO members have invested over $1 billion into more than 1,500 ventures. However, we continue to see gaps in the funding ecosystem.

Join us at NACO West 2021 from March 30-31 for conversations at the intersection of entrepreneurship, capital and innovation that will shape the future of Canada’s economic recovery.

Speakers include Chris Simair, managing director at Harvest Builders and co-founder of SkipTheDishes; Laura Kilcrease, CEO of Alberta Innovates; Andrew D’Souza, co-founder & CEO at Clearbanc; Amber Mac, TV host and author and John Stackhouse, author of Planet Canada and senior vice-president, office of the CEO at RBC.

Register here (at no cost) to attend.

Ontario on track to launch online gambling framework by this fall: Attorney General (BNN BLOOMBERG)

Ontario is on track to pass new legislation to modernize its gambling sector by this fall following the conclusion of a public consultation process, according to the province’s Attorney General.

Brim Financial raises $25 million to grow FinTech platform (BETAKIT)

Rasha Katabi, the CEO and founder of Brim Financial, said today’s digital environment has led many institutions to review how they interact with customers.

Coinbase valuation soars to $68 billion ahead of highly anticipated crypto listing (CNBC)

Cryptocurrency exchange Coinbase has reached an implied $68 billion valuation ahead of its highly anticipated direct listing on the Nasdaq.

Secondary deal will see Nuvei stakeholders sell $494 million USD in company shares (BETAKIT)

The transaction involves the sale of 8.2 million subordinate voting shares at a price of $60.22 USD per share.

Loans that hijack your phone are coming to India (REST OF WORLD)

Lenders are turning to coercive loan apps that shut down smartphones if customers fall behind on payments.

3 tips for SaaS founders forecasting their next fundraise (BETAKIT)

In a recent webcast, Sage Intacct’s David Appel spoke with Dave Kellogg and Mihir Jobalia about their forecasting tips for founders ready to raise.

Crypto infrastructure provider Fireblocks raises $133 million (TECHCRUNCH)

Fireblocks provides custody to institutional investors — it currently stores $400 billion in cryptocurrencies.

BetaKit Live: Leading Through Change (BETAKIT)

Entrepreneurs, business leaders, and members of the Canadian tech community join for a panel conversation on leading through change Tuesday, March 30.

How Germany considered rescuing Wirecard days before its doom (REUTERS)

The German government examined the possibility of bailing out Wirecard just three days before it collapsed, according to documents seen by Reuters showing that officials were blindsided by the country’s biggest post-war fraud scandal.

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.

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