F|T: The FinTech Times – Canadian FinTechs in decline?

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Amount of new Canadian FinTechs in decline yet still support SME growth, report finds (BETAKIT)

While Canada’s FinTech ecosystem is a big driver of small to medium-sized enterprise (SMEs) in Canada, it has experienced a notable decline in new companies created over the last four years, according to a new report from FinTech Growth Syndicate (FGS).

SoftBank to invest $1B into German digital payments provider Wirecard in new fintech partnership (TECHCRUNCH)

SoftBank is making a huge investment into one of the providers of the kind of digital commerce infrastructure that underpins many of the companies that it backs.

Lyon-based financial recommendation startup FinKey raises €800k (EUSTARTUPS)

Lyon-based FinKey is developing an intelligent digital financial recommendation tool for very small businesses and innovative companies.

Mortgage startup, Lendesk, acquired by Quicken Loans parent company (BETAKIT)

Vancouver-based FinTech Lendesk has announced Rock Holdings, the parent company of US-based Quicken Loans, has acquired a majority stake in the company.

India’s ZestMoney raises $20M to grow its digital lending service (TECHCRUNCH)

The round is led by Quona Capital, a stealthy Washington-based fund that invests in emerging market FinTech and has an office in India.

PayPal agrees to invest $500M in Uber as it extends partnership (CNET)

PayPal has revealed that it’ll pump $500 million into Uber as it extends a partnership the companies have maintained since 2013.

Insurtech Zensurance expands to Newfoundland and Labrador (BETAKIT)

Online business insurance platform Zensurance Inc. has announced that it is now licenced to operate in Newfoundland and Labrador.

TurboTax and H&R Block hide their free tax filing tools from Google on purpose (TECHCRUNCH)

ProPublica found that tax-filing giant Intuit is deliberately concealing search results for its free filing service, instead pointing all consumers toward its paid products.

Mobile parking payments app HonkMobile expands to US (BETAKIT)

Toronto-based HonkMobile, a provider of on-demand mobile payments for parking, has announced an expansion across the United States in partnership with international parking operator Secure Parking USA.


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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