F|T: The FinTech Times – Finance Canada wants open banking feedback

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.


BetaKit

Department of Finance Canada launches consultations on open banking

The deadline to deliver feedback to the Advisory Committee is February 11.


techcrunch

Alibaba taps Kabbage to loan up to $150K to SMBs after it quietly acquired OpenSky to ramp in North America

“We recognized an opportunity to give our customers a convenient financing solution that allows them to improve their cash flow at competitive rates, so they can have the cash they need to grow their businesses.”


bk

Canadian Bankers Association calls for digital identification to bolster economy

At a luncheon in Toronto, CBA CEO Neil Parmenter called for the federal government to do away with paper-based, face-to-face identification methods in favour of a more technological system.


mobilesyrup

Square and Mastercard announce free new debit card for businesses

40 percent of beta testers used the Square Card as their first business debit card.


techcrunch

Contabilizei raises $20 million to ease Brazilians’ tax pain

The funding was led by Point72 Ventures, the early-stage investment arm associated with hedge fund guru Steven Cohen’s Point72 Asset Management.


techstartups

FinTech startup ScaleFactor raises $30 million Series B funding to empower small businesses and accelerate back office automation

The latest round was led by Bessemer Venture Partners, with participation from returning investors including Canaan, Broadhaven Ventures, Firebrand Ventures, and other angel investors.


v

Flutterwave in strategic partnership with Visa launches GetBarter App for local and international payments

Visa cardholders will be able to initiate payments within the app and make online and mobile payments by attaching their card details to their GetBarter app profile while non-card carriers can generate a virtual Visa card upon registration.


cnbc

Fiserv to buy First Data in $22 billion stock deal

The merger underscores the general trend of consolidating different parts of the financial services ecosystem, providing a one-stop-shop to clients, and building more integrated services overall.


techcrunch

Momo, Vietnam’s top payment app, lands big Series C investment led by Warburg Pincus

Momo started out offering digital payment via an e-wallet app. It has since expanded into utility bill payments and mobile top-up, as well as areas like movie tickets, airline flights and payment for goods and services at 100,000 payment points nationwide, including popular chains.


venturebeat

Authenteq raises $5 million for blockchain identity verification

Authenteq, creator of the blockchain identity verification technology Trollteq, raised the funding from Draper Associates and Capital300.


techcrunch

Go-Jek buys FinTech startup Coins.ph for $72M ahead of Philippines expansion

Coins.ph claims five million registered users in the Philippines, where it offers a mobile wallet that covers payments, phone top-up, bill payment, public transport rides and more. Post-deal the company will continue to run as usual, but while tapping into Go-Jek’s resources and experience.


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Amira Zubairi

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.