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.
Silicon Valley Bank wants Canadian entrepreneurs to fill out its Startup Outlook survey
(BETAKIT)
The Startup Outlook survey wants to determine the state of Canadian startups from the perspective of entrepreneurs.
FinTech startup InCred raises $41.9M from its founder, PE Investors
(INC42)
The startup offers a simplified lending platform, offering various types of loans, including personal, home, education, SME, and two-wheeler loans.
Edward Snowden Explains Blockchain to His Lawyer — and the Rest of Us
(ACLU)
“The point is that any time a system lets somebody change the history with a keystroke, you have no choice but to trust a huge number of people to be both perfectly good and competent, and humanity doesn’t have a great track record of that. Blockchains are an effort to create a history that can’t be manipulated.”
Banks are hiring ethical hackers to test cybersecurity systems
(BETAKIT)
The Canadian Press reports that banks are doing this because cybersecurity attacks are occurring at increasingly higher frequencies.
Cross-border FinTech startup Instarem raises $20M for global expansion
(TECHCRUNCH)
The round is led by MDI Ventures, as well as existing investors Vertex Ventures, GSR Ventures Rocket Internet, and the SBI-FMO Fund.
Short-term lender Progressa launches enterprise software solutions
(BETAKIT)
The company offers a short-term lending platform for individuals, though this launch represents the release of its enterprise products.
Tencent e-wallet is following Alibaba to Hong Kong subways
(TECHCRUNCH)
Starting mid-2021, commuters in Hong Kong can scan a barcode to enter the subway turnstile through WeChat Pay, the digital wallet linked to Tencent’s popular messaging app.
In-car commerce startup Cargo adds Venmo payment option
(FINEXTRA)
Integrating Venmo into Cargo makes the platform even more friendly to a generation of consumers that are increasingly going cashless and rely on rideshare services as a primary means of transportation. They will now be able to pay with their Venmo balance, linked bank account, credit card or debit card.
Wealth management platform d1g1t closes $9 million Series A
(BETAKIT)
d1g1t’s enterprise-wide portfolio and client management capabilities leverage analytics and cloud technology to enable advisors to manage their portfolios.
UK FinTech Form3 secures $13 million through Series B funding round led by Draper Esprit(CROWDFUND INSIDER)
Founded in 2016, Form3 provides a complete end-to-end payments-as-a-service for financial institutions and regulated FinTech.
Plastiq raises $27M at 2X+ value to let you pay for anything on credit (TECHCRUNCH)
Whether you’re trying to pay your rent or tuition on credit, or you have a business and want to invest in a new opportunity or get a better rate by paying vendors up front, Plastiq wants to help.