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

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.


BetaKit

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

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


financial post

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

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.


techcrunch

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

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.


betakit

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

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


Finextra

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

The funding was led by Accel and Northzone.


cityam

Easyjet’s billionaire founder has launched FinTech platform Easymoney offering an Innovative Finance Isa

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


betakit

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

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


techcrunch

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

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


betakit

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

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


finextra

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

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


coindesk

R3 pilots blockchain trade finance platform with global banks

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


betakit

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

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


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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.