F|T: The FinTech Times – Historic rounds

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.


BROUGHT TO YOU BY SAGE INTACCT:


With $73 million CAD, Symend closes one of the largest Series B rounds in recent Alberta history (BETAKIT)

Symend has raised $73 million CAD in Series B funding for its customer engagement platform designed for financially at-risk customers.


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Estonian FinTech askRobin scores $1.7M to bring ‘fair credit’ to emerging markets (TECHCRUNCH)

AskRobin, an Estonia-founded FinTech that operates a financial services marketplace for “underbanked” customers in Latin America, has picked up $1.7 million in funding.


FinTech startup Wise raises $5.7MBitcoin Cash DeFi startup raises $1 million in seed round (COINTELEGRAPH)

Bitcoin Cash startup General Protocols has raised more than $1 Million for its DeFi vision.


Boosted.ai raises $11.2 million CAD Series A led by Portag3 Ventures (BETAKIT)

Boosted.ai, a machine learning platform for global investment professionals, has closed an $11.2 million CAD Series A financing round.


Cryptocurrency ATM startup Coinme raises $5.5M as sales increase amid pandemic (GEEKWIRE)

Coinme CEO Neil Bergquist said the company’s transaction volumes have increased by more than 40% since late February, bucking a trend for many tech startups that are struggling to bring in revenue amid the global pandemic.


Federal government extends 75% emergency wage subsidy beyond June (BETAKIT)

The federal government has extended the $73 billion Canada Emergency Wage Subsidy (CEWS) program beyond June.


Banked picks up £2.35M seed to use open banking for account-to-account payments (TECHCRUNCH)

Banked, a London-based FinTech using open banking to enable account-to-account payments at checkout (and beyond), has raised £2.35 million in further seed funding.


Applications open for 75% Canada Emergency Wage Subsidy (BETAKIT)

The federal government has opened applications for the Canada Emergency Wage Subsidy (CEWS).


Visa’s Fast Track program propels growth of the FinTech industry worldwide (FINANCIAL POST)

Since expanding globally in mid-2019, the Fast Track program has grown 280%, highlighting the surge in demand for digital payments worldwide.


Proptech startup Doorr raises $1.75 million seed round (BETAKIT)

Toronto-based proptech startup Doorr has raised $1.75 million CAD in seed funding. This brings the startup’s total funding to date to $2.25 million.


First Dollar raises $5 million for a consumer-friendly healthcare savings account (TECHCRUNCH)

First Dollar is launching on the thesis that it can help consumers get better use out of their healthcare savings accounts, or HSAs.


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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.