F|T: The FinTech Times – FreshBooks goes global

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.


FreshBooks secures $163 million CAD and unicorn valuation to increase global reach (BETAKIT)

FreshBooks’ efforts to expand its international presence are led by Don Epperson, who took over as CEO at the beginning of this year, but predate his appointment.


Chime Financial raises $750 million in latest funding round (WALL STREET JOURNAL)

The funding round positions Chime for a potential IPO in the first half of 2022, a person familiar with the matter said.


Portage Ventures secures additional $210 million USD for third FinTech fund (BETAKIT)

Portage also recently completed the initial public offering of its FinTech Acquisition SPAC on the Nasdaq in July, securing $240 million USD.


Hacker returns half of stolen $600M in cryptocurrency, asks for donations (VICE)

The Poly Network hack is a big, expensive mess, and the hits keep coming.


Bessemer’s State of the Cloud report says MT SAAS is coming for FAANG (BETAKIT)

In a recent Sage Intacct webinar, Bessemer Venture Partners partner Mary D’Onofrio and investor Janelle Teng shared their insights on the state of cloud companies in 2021, and what that means for young SaaS startups.


Carta says it just used its own product to establish a new — and far higher — valuation for itself (TECHCRUNCH)

Meanwhile, there are other reasons to think an auction like Carta’s will remain an outlier.


Magnet Forensics, Nuvei report revenue increases in second quarter 2021 (BETAKIT)

Nuvei announced that its year-over-year net income rose from $17.5 million CAD ($14 million USD) to $48.7 million CAD ($38.9 million USD).


Robinhood is making its first acquisition since its IPO (BARRONS)

Less than two weeks since going public, Robinhood is acquiring the shareholder-communication platform Say Technologies for $140 million.


XpertSea secures $25 million CAD to expand sustainable aquaculture solution to new markets (BETAKIT)

In 2018, XpertSea raised a $10 million Series A round to help farmers manage aquaculture inventory.


How virtual care in Canada will change post-pandemic (BETAKIT)

Leaders from MindBeacon, Esplanade Ventures, and TELUS Health MyCare join for a BetaKit Live panel conversation on the future of virtual care.


Argentine FinTech Ualá lands $350M at a $2.45B valuation in SoftBank, Tencent-led round (TECHCRUNCH)

Argentine personal finance management app Ualá announced it has raised $350 million in a Series D round at a post-money valuation of $2.45 billion.


Dialogue, Thinkific, Mogo post mixed results in Q2 2021 (BETAKIT)

FinTech firm Mogo plans to launch a free stock trading platform that it expects will go live by the end of 2021.


Plaid’s payroll-data offensive hits a speed bump (PROTOCOL)

Protocol has learned that the financial data aggregator is pausing a product that helped switch consumers’ direct deposits to a new bank.


Canada open banking report released (BETAKIT)

The Advisory Committee recommends that a limited initial phase of open banking would become operational by January 2023.


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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.