F|T: The FinTech Times – Dapper Labs scores big

dapper

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.


Vancouver-based Dapper Labs raises $250 million USD, partners with Spain’s LaLiga (BETAKIT)

In March, Dapper Labs raised $305 million USD ($388.2 million) in financing to expand to other sports.


Coinbase drops crypto lending program plans after SEC balks (BLOOMBERG)

Coinbase Global Inc. is bowing to pressure from U.S. regulators and tabling plans to launch a product that would pay users interest for lending out their tokens.


RBCx launches venture debt product as market for financing heats up in Canada (BETAKIT)

Based in Toronto, RBCx is a newly-constructed innovation banking group that oversees the delivery of all banking products and services to tech and innovation companies for RBC.


China declares cryptocurrency transactions illegal; bitcoin price falls (WALL STREET JOURNAL)

The move reinforces China’s tough stance, the strongest to date from a major economy against the use of digital currencies.


Convictional receives $6.7 million in Series A funding as it works to become digital backbone of B2B trade (BETAKIT)

In 2019 Convictional secured a $3 million seed round, after graduating Silicon Valley accelerator Y Combinator.


Federal government selects made-in-Canada software Dayforce to start replacing failed Phoenix payroll system (THE GLOBE AND MAIL)

The contract with the federal government is a big win for Ceridian’s Toronto-based CEO David Ossip.


Revolut, the $33 billion FinTech player, is rolling out commission-free stock trading in the U.S. (CNBC)

Like peers including Robinhood, Revolut will earn payment for order flow revenue in the U.S., according to a spokeswoman.


BetaKit Live: Canada’s ‘New’ Innovation Policy on September 28th (BETAKIT)

On Tuesday, September 28th at 4:30PM ET, BetaKit will be joined by three Canadian policy wonks who will share their thoughts on what Canada’s new innovation policy might look like.


Sorare valued at $4.3bn after monster Series B led by SoftBank (SIFTED)

Tradable sports tokens are taking the NFT craze into the mainstream.


Regulators caution crypto trading platforms, issue guidance over misleading language in advertising
(BETAKIT)

“Misleading advertisements and improper marketing strategies may encourage investors to take on risks they would normally avoid.”


PayPal launches its ‘super app’ combining payments, savings, bill pay, crypto, shopping and more (TECHCRUNCH)

These changes shift PayPal from being largely a payments utility that’s tacked on other offerings here and there, to being a more fully fleshed out finance app.


Wealthsimple, Clearco top LinkedIn’s Top Startups Canada 2021 list (BETAKIT)

Wealthsimple and Clearco have also both recently raised major funding rounds.


Robinhood’s crypto wallets are finally ready for a test run (THE VERGE)

There’s initially a waitlist, but the company predicts wide availability in early 2022.


Ramp acquires Buyer to offer negotiation-as-a-service (BETAKIT)

Headquartered in Victoria, BC, Buyer provides negotiation services for businesses to help them find the best rates for software services and organize their SaaS spending.


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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.