F|T: The FinTech Times – Bank on a comeback

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.


Montréal’s Nuvei raises $358 million CAD, reaches $2.65 billion CAD valuation

Following the raise, the company is now valued at $2.65 billion CAD ($2 billion USD).


LATEST JOBS

Sensibill – DevOps Engineer

Altus Assessments – Business Development Representative

ventureLAB – Director, Business Development

See more jobs and post your own on Jobs.BetaKit (powered by Jobbio).


TechCrunch

FintechOS raises $14M to help banks launch products as fast as FinTech startups

FintechOS allows banks and insurance companies to act and react faster than the new upstarts on the scene with plug and play products.


Ghanaian blockchain-based payments startup Bit Sika raises funding from Microtraction

Ghanaian startup Bit Sika, which uses blockchain technology to help users receive money instantly, from anyone, anywhere at zero cost, has secured funding from early-stage VC firm Microtraction to help it grow further.


BetaKit

Koho says its metal card is driving significant new customer interest

Koho made its new metal credit cards available on Thursday, with the new product helping bring in an unprecedented number of new leads for the challenger bank.


Insurtech startup Sproutt raises $12 million

Sproutt develops an online service that offers tailored life insurance rates for “healthier” individuals by taking into consideration factors including a person’s lifestyle, health, activities, and diet.


What FinTech bubble? How to find the good FinTech investments

Ignore the pessimistic view. Dismissing opportunities for further FinTech investment is short-sighted.


BetaKit

Borrowell ventures into new category with predictive loan tool

Toronto-based FinTech Borrowell has launched Borrowell Boost, a new suite of digital tools to help consumers track, manage, and pay bills on time.


TechCrunch

Klarna CEO says ‘maybe’ to taking public Europe’s most valuable FinTech next year (but he’s not ruling out another round, either)

The toughest competition of all may come from Amazon and Google, which are increasingly embedding their payment systems — Amazon Pay and and Google Pay — into the sites of merchants.


Desmarais brothers to step down as CEOs in overhaul of Power Corp

The Desmarais brothers, sons of the family who runs the Montreal-based firm, will stay on as chairman and deputy chairman.


BetaKit

FlexPay raises $6 million as it looks to attack “false declines” in online payments

Montréal-based FlexPay, which is using AI to help e-commerce and subscription companies reduce credit card declines, has received a $6 million late seed round.


TechCrunch

Portify raises £7M Series A for its FinTech app for ‘modern’ or gig economy workers

The round, which comes a year after the company raised £1.3 million in seed investment, is led by Redalpine (an early investor in N26, Taxfix, Finiata, amongst others).


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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.