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Portag3 sets sights on global FinTech market as it closes $427 million CAD Fund II(BETAKIT)
Portag3 Ventures has closed a $427 million CAD second fund, making it the largest FinTech-focused venture capital fund in Canada.
Digital For Good Summit gets real about the need for charities to adopt transformation(BETAKIT)
The Digital For Good Summit provided a clear message to charities regarding digital transformation: start small or start big, but you need to start.
A look at Latin America’s emerging FinTech trends(TECHCRUNCH)
As the ecosystem evolves and expands, let’s take a closer look at emerging trends in Latin America that might give us a hint about where to expect its next FinTech unicorns.
Robinhood has withdrawn its banking charter application(BUSINESS INSIDER)
The withdrawal was reportedly voluntary and Robinhood has no plans to resubmit its application, per a spokesperson cited by CNBC.
North American banks expect to lose $88 billion in retail payments to FinTechs over 3 years(BETAKIT)
Financial incumbents are expected to lose 11 to 15 percent of their revenue to FinTech competitors in the next three years, according to an Accenture report.
It’s time for a federal FinTech sandbox(FORBES)
Most importantly, it would be good for consumers, giving them access to more specialized banking products to meet their evolving needs.
Delphia launches platform to help consumers turn their data into investable capital(BETAKIT)
Toronto-based Delphia is publicly rolling out its investment advisor platform, which lets users convert their data into a source of investable capital.
Figure Technologies aims for $103 million fund raise(FINEXTRA)
Figure Technologies, a San Francisco-based blockchain-based startup for providing loans against mortgage equity is close to raising $103 million in financing in a bid to enter the student loan market.
Wealthsimple to spin out advisory service into separate company(BETAKIT)
Toronto-based FinTech Wealthsimple has announced it is separating the Wealthsimple direct to consumer and Wealthsimple for Advisors businesses.
Singapore government-backed accelerator raises another $16M for blockchain startups(THE BLOCK)
Tribe Accelerator, backed by government agency Enterprise Singapore, has raised another 21.5 million Singapore dollars (~$16 million) for participating blockchain startups.
PolicyAdvisor wants to help bring life insurance into the digital age(BETAKIT)
BetaKit spoke with PolicyAdvisor’s Jiten Puri about how the company is addressing gaps in life insurance, and what’s on the horizon for the company.
Consumer credit scoring is the latest African FinTech sector to get funding with $20 million for Migo(QZ)
The latest Africa-focused FinTech player to receive investor backing is one that largely focuses on enabling establishment corporations rather than disrupting them.
Rapyd, which offers FinTech-as-a-service via a single API, adds $20M more to its coffers at a $1.2B valuation(TECHCRUNCH)
Notably, it was only in October that Rapyd announced a $100 million raise.