F|T: The FinTech Times – Can blockchain fuel startups?

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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STACK FinTech Times

Flinks raises $500,000 to fuel mission of powering Canada’s FinTechs(BETAKIT)

The company raised the money in a friends and family round that included the founders’ and early employees’ own money.

STACK RECOMMENDS: Ottawa unveils ‘supercluster’ innovation plan(THE STAR)

“A Federal backed plan shows Canada’s commitment to driving and leading global innovation.”
– Miro Pavletic, CEO and co-founder of STACK

Previse lands $2.58M for AI-powered invoice financing platform(PYMNTS)

The round was led by Hambro Perks, with participation from Founders Factory.

Goldman Sachs is looking to spinoff one of its tech bets at a $75 million valuation(BUSINESS INSIDER)

Goldman Sachs is looking to sell a stake in one of its FinTech bets — an online platform for retail bond investors called Simon.

Flexiti Financial wins bid to be POS financing partner for outdoor equipment manufacturers

Flexiti Financial now has access to over 800 dealers that sell lawn and garden tools and outdoor power equipment.

Cross-border payments firm InstaReM raises $13M(FINEXTRA)

The round was led by GSR Ventures, with participation from SBI-FMO Emerging Asia Financial Sector Fund (SBI-FMO Fund), Vertex Ventures, Fullerton Financial Holdings (FFH), and Global Founders Capital (GFC).

FinTech startup Omise raises $25M in ICO that bucks ‘money grabbing’ trend(TECHCRUNCH)

By raising money through a token sale, Omise become the most established tech company to date to take this financing route.

What FinTech entrepreneurs can learn from big tech companies(ENTREPRENEUR)

The trajectory from big tech to fintech is becoming increasingly common. What makes for a successful transition and what can big tech folks take with them in their new ventures?

Mylo launches spare change investment platform on iOS(BETAKIT)

Through the app, users can open an account in three minutes and set a financial goal.

Tide raises $14 million for small business banking service(FINEXTRA)

Tide enables users to set up a fully functioning business account in a matter of minutes using their passport or driving licence.

PayFit raises $15.9 million to manage European payrolls(TECHCRUNCH)

The round comes from Accel, with participation from Xavier Niel and Otium Venture.

You won’t recognize the new world of digital payments without this report(INSIDER INTELLIGENCE)

The growing importance of the smartphone as the go-to computing device for every digital activity is having a profound effect everywhere you look, but it’s only the biggest story among many exciting developments in the world of payments.

Six months after acquisition, SoFi is shutting down Zenbanx(TECHCRUNCH)

Back in February, SoFi took its first step toward adding checking and credit cards to its suite of financial services through its acquisition of Zenbanx.

The blockchain fuels startups — unlike any you’ve ever seen(WIRED)

Bitcoin was hailed as the digital currency of a utopian future, but, at least in the US, few people use it. What is taking off, however, is the tech underlying bitcoin.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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