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.
Desjardins Group takes on mobile-first generation with Zag Bank offering(BETAKIT)
There’s another mobile-friendly bank available to Canadians today, backed by another highly-regulated, CDIC-insured financial institution.
“Take Care of Yourself”(WEALTHSIMPLE)
Our first advertising campaign launches this week. We hope it makes you crazy excited about being boringly responsible. (sponsored)
Visa discloses big stake in Jack Dorsey’s Square(CNN)
Shares of Square surged nearly 10% on the news at one point Friday before pulling back.
Payleven scoops an additional $10 million in funding(FINEXTRA)
payleven, the leading mobile payments company for small and medium sized businesses, announced today the close of its Series D funding round with the addition of Seventure Partners as an investor.
Lessons learned from pitching tech on Dragons’ Den(BETAKIT)
“You have to pay attention to the story you’re putting out there. Pitching as a woman in FinTech was a strategic choice for us.”
India’s Paytm Is Raising Another $400M To Build Out Its New Payment Bank(TECHCRUNCH)
Alibaba-backed Paytm, one of the bigger e-commerce startups competing against Amazon in India, is raising money again, just months after a reported $680 million round.
App-only bank Mondo is valued at £30 million in an oversubscribed £6 million fundraise(BUSINESSINSIDER)
Mondo has raised £5 million from London-based early stage venture capital fund Passion Capital, which invested £2 million in the company last year. Mondo is today also launching a £1 million crowdfunding campaign on Crowdcube.
BBVA Shutters Venture Arm For $250M FinTech Fund(PYMNTS)
The bank said in a release that it will use that $250 million in a United States fund and a European fund.