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Equibit plays damage control with John McAfee as seed round looms(BETAKIT)
We spoke with Equibit CEO Chris Horlacher about John McAfee’s role with the company, who contradicted everything he said the day before.
Challenges of the Canadian lending landscape(HUFFPOST)
David Gens argues that, even as Canadian banks are looking to the US to expand their loans process, American and international lenders are finding it difficult to succeed in the Canadian market.
CIX FinTech event tackles the evolving startup-bank dynamic(BETAKIT)
This year’s CIX featured a special FinTech edition during its three-day long event.
Payments provider Stripe has raised another $150M at a $9B valuation(TECHCRUNCH)
In addition to the funding round, Stripe is getting a revolving credit facility of up to $250 million. The idea is to extend Stripe’s borrowing capacity at a time when interest rates are low, but not its debt.
Nasdaq asks SEC for speed bump to protect retail traders(FINEXTRA)
The move is an effort to level the playing field for long-term retail traders who feel they have been losing out to high speed frequency traders.
Albert raises $2.5 million for its finance app that helps you save money(TECHCRUNCH)
The startup offers a simple way to track your finances as well as personalized recommendations aimed at boosting your overall financial standing.
Goldman Sachs Drops Out of R3 Blockchain Group(WSJ)
Instead, the bank will focus its blockchain efforts on internal development and investments in specialists. It has already made multi-million dollar bets on two startups in the field: Circle and Digital asset Holdings.
UK government promises money for FinTech specialists(FINEXTRA)
The UK government has promised to pump £500,000 a year into FinTech specialists and launch a network of regional FinTech envoys as it seeks to shore up the country’s position as a leading sector player in the post-Brexit era.
Wealthsimple, OMERS, DMZ among Canadian FinTech Awards winners(BETAKIT)
Wealthsimple took the award for FinTech of the Year, OMERS Ventures took the award for Investor of the Year, and the DMZ took the award for Accelerator/Incubator of the Year.