F|T: The FinTech Times – Canadian FinTech is sooo hot right now

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

Xero acquires Toronto’s Hubdoc for $70 million USD

Hubdoc co-founder Jamie McDonald told BetaKit it was the best deal on the table for the company, but not the only one.


venturebeat

Microsoft’s M12 joins $12 million funding extension for FinTech startup BlueVine

BlueVine helps small businesses access working capital so they can grow and cover costs when clients take a little too long to pay.


techcrunch

Gusto raises $140 million to go after small business payroll and benefits with more gusto

The company said it will use the money to add new services to increase payment flexibility for employees.


betakit

Report: $263 million USD invested in Canadian FinTech deals in first half of 2018

The report found that there were over 50 FinTech deals in the first half of 2018 alone, almost as many as the total deal amount in all of 2017.


dealstreetasia


Singapore: FinTech startup C88 secures $28M in Experian-led Series C round

ResponsAbility Investments AG, DEG, InterVest, FengHe Fund Management, Pelago Capital, Fuchsia Venture Capital, and others also participated in the round.


nyt

US bank regulator allows FinTech firms to seek federal charter

The move will be cheered by the likes of OnDeck Capital Inc, Kabbage and LendingClub Corp because it opens the door to operating nationwide under a single licensing and regulatory regime instead of a patchwork of state licenses.


techcrunch

Apple Pay to account for 1 in 2 contactless mobile wallet users by 2020

The number of mobile payments users who tap to pay using a contactless payment solution provided by their mobile device’s maker will grow to 450 million people worldwide by 2020, according to a new forecast from Juniper Research.


venturebeat

New Starbucks partnership with Microsoft allows customers to pay for Frappuccinos with bitcoin

Starbucks along with Intercontinental Exchange, Microsoft and BCG, among others, are working to launch a new company called Bakkt that will enable consumers and institutions to buy, sell, store and spend cryptocurrencies on the global network by November.


bk

Coinsquare launches subsidiary investment manager Coincapital

The new subsidiary is dedicated to investment management in blockchain, AI, and other cryptocurrencies.


techcrunch

Apple Pay is finally coming to CVS and 7-Eleven, and will soon expand to Germany

The news is particularly notable because CVS was one of the first major retailers to snub Apple Pay, choosing instead to launch its own barcode-based mobile payments solution “CVS Pay” back in 2016.


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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.