F|T: The FinTech Times – Global Power

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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Portag3 sets sights on global FinTech market as it closes $427 million CAD Fund II

Portag3 Ventures has closed a $427 million CAD second fund, making it the largest FinTech-focused venture capital fund in Canada.


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Digital For Good Summit gets real about the need for charities to adopt transformation

The Digital For Good Summit provided a clear message to charities regarding digital transformation: start small or start big, but you need to start.


TechCrunch

A look at Latin America’s emerging FinTech trends

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Robinhood has withdrawn its banking charter application

The withdrawal was reportedly voluntary and Robinhood has no plans to resubmit its application, per a spokesperson cited by CNBC.


BetaKit

North American banks expect to lose $88 billion in retail payments to FinTechs over 3 years

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

Most importantly, it would be good for consumers, giving them access to more specialized banking products to meet their evolving needs.


BetaKit

Delphia launches platform to help consumers turn their data into investable capital

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

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.


BetaKit

Wealthsimple to spin out advisory service into separate company

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

Tribe Accelerator, backed by government agency Enterprise Singapore, has raised another 21.5 million Singapore dollars (~$16 million) for participating blockchain startups.


BetaKit

PolicyAdvisor wants to help bring life insurance into the digital age

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

The latest Africa-focused FinTech player to receive investor backing is one that largely focuses on enabling establishment corporations rather than disrupting them.


TechCrunch

Rapyd, which offers FinTech-as-a-service via a single API, adds $20M more to its coffers at a $1.2B valuation

Notably, it was only in October that Rapyd announced a $100 million raise.


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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.