F|T: The FinTech Times – Bay Street isn’t scared (anymore)

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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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BetaKit

Lightspeed partners with Stripe, launches payment product across North America

Lightspeed POS is partnering with global payments platform Stripe as part of the extended launch of its own payments product.


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TechCrunch

Recommendations for FinTech startups navigating the procurement process

Understanding the dynamics of the financial services procurement process is essential if you want to negotiate it as quickly and seamlessly as possible.


FinTech startup Upgrade Pack raises $5m seed round for travel rewards

The Richmond-based startup provides flight and hotel upgrades as part of a travel-focused rewards app by connecting directly to airline and hotel software.


Why Wealthsimple and robo-advisers aren’t scaring Bay Street anymore

The trouble for Wealthsimple and other upstarts is that existing wealth managers – and in Canada, that’s mainly the big banks – are now attuned to the market. They learn from past mistakes. In the mutual fund boom of the 1990s, independent mutual fund sellers such as Trimark, Altamira and Fidelity grew quickly, but the banks then caught up.


PayU cofounder Shailaz Nag’s FinTech startup Dot raises $8 Mn seed funding

After months of speculations around the launch of Dot, serial entrepreneur Shailaz Nag has now announced that his new startup has raised $8 Mn in seed funding.


FinTech workforce to expand 19% by 2030 thanks to AI, Cambridge University predicts

A higher share of FinTechs tend to be creating AI-based products and services, employing autonomous decision-making systems, and relying on cloud-based systems.


BetaKit

Toronto machine learning startup Dessa acquired by Square

Dessa, a Toronto-based startup that builds machine learning applications, has been acquired by Square.


Paystand raises $20M to be blockchain-based ‘Venmo’ for commercial payments

Paystand, a platform using blockchain technology to automate commercial payments, has raised $20 million in Series B funding.


DeFi startup launches platform that lets people invest in startup revenue instead of equity

Fairmint, a decentralized finance (DeFi) startup, has launched a platform that lets users invest in startups based on their revenue performance.


TechCrunch

Recommendations for FinTech startups navigating the procurement process

Understanding the dynamics of the financial services procurement process is essential if you want to negotiate it as quickly and seamlessly as possible.


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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.