F|T: The FinTech Times – Canada’s new bank

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.

QuadrigaCX CEO’s widow asks court to appoint chief restructuring office

“In my opinion, direction of these issues can best be provided by a CRO who has access to cryptocurrency expertise,” said Jennifer Robertson, the widow of QuadrigaCX’s deceased CEO.

US mobile bank Chime raises $200 million, valuing its business at $1.5 billion (TECHCRUNCH)

The funding was led by DST Global, with participation from Coatue, General Atlantic, ICONIQ Capital, and Dragoneer Investment Group.

Silicon Valley Bank opens in Canada (BETAKIT)

“SVB’s official entrance into Canada is another sign that our technology ecosystem is growing quickly.”

China’s Sina invests $30M in FinTech firm Shuhe Technology (DEALSTREETASIA)

“This financing will significantly promote the development of Shuhe Technology in the local FinTech market, enhance the operational efficiency of data and technology within the company, and improve the services for our credit card holders.”

How we built a tech company that is 50 percent women (BETAKIT)

Borrowell co-founder Andrew Graham explains how the Toronto-based FinTech course-corrected after “failing badly” at gender balance.

Omidyar Network spins out its FinTech investment arm as Flourish, with up to $300 million(TECHCRUNCH)

Indeed, Flourish’s global portfolio holds at least 40 fintech companies helping low- and middle-income households and small businesses.

Crypto finance startup Circle seeking further $250 million in funding: Report (COINDESK)

Circle raised $110 million in a Series E funding round last spring that effectively valued the startup at nearly $3 billion.

Wave acquires Every to expand financial services integration (BETAKIT)

Every provides entrepreneurs online business bank accounts through a Visa debit card.

Raisin, the marketplace for savings and investment products, acquires German banking provider MHB Bankn (TECHCRUNCH)

By purchasing MHB Bank, Raisin can bring a key part of its infrastructure in-house and also utilise the full bank license to “passport” its various financial services, including its deposits marketplace and ETF-based investment product, to other European Economic Area (EEA) countries, faster.

Alto raises $2.8M in seed funding round (FINSMES)

Alto provides the Alternative IRA (AltoIRA), an individual retirement account that gives investors the ability to invest in alternative assets like startups, private companies, real estate, loans, and digital currencies.


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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