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Financeit announces funding capacity of $85 million(BETAKIT)
ClearFlow, which provides cash flow to Canadian businesses, will also provide an extended credit facility of up to $15 million to Financeit.
STACK RECOMMENDS: As countries develop strategies, we need a FinTech champion(THE GLOBE AND MAIL)
“With most of the elements required to be a global leader in the industry, what Canada needs now is a FinTech champion.”
– Miro Pavletic, CEO and co-founder of
RentMoola announces API partnership with Naborly, adds new property management features(BETAKIT)
Through the API, FinTech platform RentMoola can manage credit, customer data, fair housing compliance, and data security infrastructure.
Kasikorn Bank opens $30 million FinTech war chest(FINEXTRA)
Thailand’s Kasikorn Bank has launched a $30 million FinTech fund to invest in startups across South East Asia, Europe, and China.
FinTech AvidXchange raises $300 mln from Caisse, Mastercard (BUSINESSINSIDER)
The $300 million equity investment values AvidXchange, a software company that helps mid-sized companies automate their invoicing and bill payments, at around $1.4 billion.
CareGuide’s Alyssa Atkins explains how non-FinTech startups can find growth opportunities in FinTech(BETAKIT)
“You’re priming people such that when they’re ready to use, you’ve already done something for them that they liked, so they’re more likely to go with you,” said Atkins.
Social payments startup Plynk raises EUR25 million(FINEXTRA)
The funding round was led by private investment trust, Swiss Privée.
Desmarais empire seeks FinTech transformation from outside in(BLOOMBERG)
Canada’s billionaire Desmarais family has come up with a novel approach to fend off the technology startups that threaten its financial services empire: Bring the enemies in and invite them to attack.
Addepar raises $140 million so more of the ultra rich can know exactly what they’re doing with their money(TECHCRUNCH)
Addepar, the provider of data collection and monitoring services for the financial industry, raised the funds from Valor Equity Partners, 8VC, and QuantRes founder Harald McPike.
Commcise working with RBC on MiFID-ready research payments tool(FINEXTRA)
The two companies will provide a technology and service offering that enables research funds to be held in a segregated Research Payment Account (RPA) established in the name of a buy-side client.
PayPal Canada and Canada Post launch integrated payment and shipping solution for small businesses(BETAKIT)
Online sellers can track their orders, print shipping labels, and pay for shipping using their PayPal accounts.
Apple iOS 11 will support P2P payments in iMessage(PYMNTS)
Apple’s new iOS 11 will allow users to send and request money to friends and family through iMessage.
FinTech startup ftcash raises pre-Series A funding from IvyCap Ventures and 500 Startups(THE TECH PORTAL)
The company plans to use the funding to develop products in the payment and loan categories, scale annual transactions to ₹1,500 crores and disburse loans to merchants upwards of ₹150 crores.
Here are the 50 hottest FinTech firms in Europe right now(CNBC)
The annual FinTech50 list of European financial technology firms was unveiled this week with the U.K. dominating the rundown.