F|T: The FinTech Times – FinTech’s secret success story

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.

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BetaKit

Responsive raises $1.1 million to help wealth managers predict client behaviour

Responsive has been working in stealth mode for the past year with a handful of private wealth managers in Canada.


Zafin

Zafin Recommends: It’s Time to End the Rat(e) Race 2: Winning the War for Deposit Growth

If deposit growth is a war, then the profits from lending represent supply lines–with stagnant deposit growth having capped these banks’ lending ability for so long already, their ability to act and react will only become further constrained. If this continues, regional banks run the risk of being cut off and overrun by their competition.


techcrunch

LendingTree is the secret success story of FinTechAmerica

Through acquisitions and a focus on cash flow, LendingTree has avoided the pitfalls plaguing the industry today.


bobsguide

KPMG acquires a minority stake in FinTech startup AdviceRobo

AdviceRobo applies AI on non-financial data including the behavior of potential borrowers.


bk


National Bank taps Thinking Capital to power its SME lending

Through the partnership, Thinking Capital’s technology, which uses AI to streamline lending decisions, will form the foundation of National Bank’s online business financing portal.


techcrunch

FinTech investment powerhouse Ribbit Capital aims for $420 million with its latest fund

The fund would be Ribbit’s fifth foray out with limited partners and its $420 million target is only a nominal increase from the $300 million it had set out to raise for its fourth fund last year.


finsmes

Proptech startup Unmortgage raises £10M in seed

Unmortgage provides a solution for people who can afford to rent but want to own home to enjoy home ownership with a 5% deposit.


bk

Finhaven raises $6.6 million Series A to build tokenized securities exchange

The funding was led by Dunamu & Partners, with participation from Lanebury Growth Capital Ltd., Medici Leading Enterprise Fund, TheVentures, and two unnamed individual investors.


techcrunch

Indonesian FinTech startup Moka raises $24M led by Sequoia India

The investment is led by Sequoia India and Southeast Asia, with participation from new backers SoftBank Ventures Korea, EDBI, and EV Growth, the later stage fund from Moka seed investor East Ventures.


pymnts

Mastercard Debuts B2B Trade Platform For SMBs

Mastercard’s new platform Mastercard Track helps automate and streamline procure to pay, with an eye toward managing business identities and compliance efforts.


bk

Dream Payments expands Mastercard partnership, launches payments API for insurers

With the new API, insurance companies can connect to the Dream Payments Hub and the Mastercard Send platform to pay claims digitally.


finextra

Citi creates group to invest in credit markets FinTech firms

The Spread Products Investment Technologies project will look to invest in firms working on trading infrastructure, data analysis and AI.


bk

First Block Capital’s bitcoin trust achieves mutual fund trust status

FBC Bitcoin Trust exposes accredited investors to bitcoin without having to acquire, store, or manage the underlying bitcoins.


engadget

PayPal will instantly pay businesses after they make a sale

Funds Now will let certain businesses in good standing — that means without fraud concerns or an excess of customer complaints — get instant access to funds from completed sales, even if there’s an ongoing dispute.


venturebeat

Can FinTech companies catch up with client demand for chat?

Financial service providers are racing to invest in contextualized voice and chat capabilities — but how much do they really drive engagement and streamline communication?


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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.