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.
Diagram raises additional $5M, adds PasswordBox founders to team after proving market fit(BETAKIT)
Angela Strange, partner at Andreessen Horowitz, and Quora CEO Adam D’Angelo are among the new investors.
STACK RECOMMENDS: Canada shouldn’t shy away from FinTech – it’s our opportunity to shine(THE GLOBE AND MAIL)
“Enablers or disruptors, challengers or incumbents, FinTechs are driving progress in Canada.”
– Miro Pavletic, CEO and co-founder of STACK
FinTechs serving Canadians: which verticals are thriving?(BETAKIT)
Ferst Capital Partners has built a map of Canadian FinTech.
Hong Kong FinTech startup TNG raises US$115M to invest in blockchain, AI, chatbots and more(E27)
TNG, which enables global money transfers, P2P transfers, cash withdrawal and bill payments, raised the funds from New Margin Capital, Nogle Group, and others.
Flux raises $1.5 million as Starling Bank opens FinTech marketplace(FINEXTRA)
Flux, a rewards and receipt platform, will now be available for all Starling Bank customers. The company’s round saw participation from Anthemis, Force over Mass, Yarrow Capital, and other investors.
Linxo raises $24 million for its app that brings bank accounts together(TECHCRUNCH)
French startup Linxo raised the funding from three financial institutions including Crédit Agricole, Crédit Mutuel Arkéa, and MAIF.
SocGen launches mobile wallet for African unbanked(FINEXTRA)
YUP is a mobile money solution for accessing a full range of transactional and financial services even without a bank account.
Stack partners with Mastercard to offer prepaid cards within financial services platform(BETAKIT)
“Prepaid allows us to have the flexibility of using a global payment platform so that Stack works around the world.”
Blackmoon Crypto raises $30 million in ICO to ‘bridge crypto universe and traditional investment market’(VENTUREBEAT)
Overall, 9,500 paid accounts contributed to the campaign, the company has indicated.
Report: Less than half of Canadians expected to use cash by 2020(BETAKIT)
Nineteen percent of Canadians said they rarely carry cash at all.
The promise of managing identity on the blockchain(TECHCRUNCH)
Industry experts say that over the coming years, blockchain could be used to control identity information in a more secure fashion.
