F|T: The FinTech Times – Canada’s largest FinTech sector

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.

RBC adds AI-powered budgeting tool to its digital app (BETAKIT)

Royal Bank of Canada (RBC) recently launched NOMI Budgets, a new AI-powered solution available through its mobile app.

Dell Technologies says it’s prepping customers for 5G and AI with new portfolio (ZDNET)

Dell Technologies has unveiled a handful of new solutions aimed at equipping customers with the tech required to take advantage of “transformative” trends including 5G, artificial intelligence (AI), cloud, and security.

Amount of new Canadian FinTechs in decline yet still support SME growth, report finds (BETAKIT)

The report found that PayTech is, by far, the largest FinTech sector in Canada.

Microsoft launches a fully managed blockchain service (TECHCRUNCH)

Ahead of its Build developer conference, Microsoft is going a step further by launching Azure Blockchain Services, a fully managed service that allows for the formation, management and governance of consortium blockchain networks.

Divvy closes $200 million venture round, third in 12 months for FinTech dynamo (VENTUREBEAT)

Divvy has raised $200 million in venture capital as the Utah-based FinTech continues to grapple with its rapid growth rate.

FutureMakers Talks: Transforming Delivery with DevOps (RBC)

On May 15th, FutureMakers tackles the latest developments in DevOps. Get in FREE with the code “BetaKitPROMO”.

AI-powered savings chatbot Plum raises $4.5M investment (FINEXTRA)

Plum, the world’s first AI-powered personal money management chatbot has achieved 433% user growth in one year, growing from 75,000 to 400,000 users.

A quiet London-based payments startup just raised among the biggest Series A rounds ever in Europe (TECHCRUNCH)

It’s the first institutional round for the company; it’s also one of the biggest Series A rounds ever for a European company.

India challenges China in global FinTech fundraising (ENTREPRENEUR)

India overtook China in funding as China’s fintech funding fell off in Q1 of 2019, accordingto the Global FinTech Fundraising report by CB Insights.

80 firms including MasterCard, Coinbase spent $42M lobbying crypto, FinTech issues in Q1 (COINTELEGRAPH)

Around 40 entities lobbied for bitcoin (BTC) and blockchain-related causes in the United States in Q1 2019, political news site Roll Call reported.

Little-known UK FinTech startup Checkout.com is now worth $2 billion (FORBES)

The company’s first funding round was led by Insight Partners and DST Global, with Singapore’s sovereign wealth fund GIC, Blossom Capital, Endeavor Catalyst, and others also contributing.


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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