F|T: The FinTech Times – Canadian crypto-miners

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Wealthsimple raises $65 million from Power Financial, bringing total investment to $165 million (BETAKIT)

The company entered the US, its first international market, in February 2017, before expanding to the UK less than six months later.

Crypto-miners flood into Canada, boosting the hopes of small towns looking for a break(FINANCIAL POST)

The jump in coin values has brought a rush of new miners all anxious to lock down a cheap source of energy, something old industrial towns have in spades.

Tandem launches a credit card that offers cashback and no fees when spending abroad (TECHCRUNCH)

The new card is designed to work with Tandem’s Personal Finance Manager (PFM) app, which you plug into your existing bank accounts and credit cards to get spending insights and set budgeting goals to help you better manage your money.

Payment Source now allows you to pay your taxes using a QR code(BETAKIT)

Toronto-based Payment Source is partnering with the Canada Revenue Agency to carry out the solution.

Anyfin raises €4.8 million to refinance loans with a statement selfie(FINEXTRA)

The funding was led by Accel and Northzone.

Easyjet’s billionaire founder has launched FinTech platform Easymoney offering an Innovative Finance Isa (CITY AM)

easyMoney will help write online peer-to-peer loans secured against people’s property.

Report: Consumers and businesses made over 241 million Interac e-Transfer transactions in 2017 (BETAKIT)

A total of $92 billion CAD was transferred through Interac e-Transfers.

Teampay raises $4M so you don’t have to steal your CEO’s credit card anymore(TECHCRUNCH)

Teampay, which allows companies to provide virtual credit cards to every employee, raised the funding from Rick Smith at Crosscut Ventures.

RBC offering NACO angel-backed companies access to credit, resources (BETAKIT)

RBC will provide NACO angel-backed companies a business banking package.

Brazil’s RecargaPay closes $22M Series B funding round (FINEXTRA)

RecargaPay, a mobile payments platform and wallet provider, raised the funding from IFC, TheVentureCity, Ventech, and others.

R3 pilots blockchain trade finance platform with global banks (COINDESK)

The solution currently addresses three areas of trade finance: risk mitigation, payables finance, and receivables finance.

TribalScale names former Tangerine CEO as executive-in-residence of Financial Services Venture Studio (BETAKIT)

Farid Kassam, principal at Akeelee, will act as entrepreneur-in-residence.


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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