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.
PayPal Canada market development lead Alex Peh joins RBC as VP of innovation(BETAKIT)
Peh has a significant presence supporting Canadian startups and the broader tech ecosystem.
STACK RECOMMENDS: Canada shouldn’t shy away from FinTech – it’s our opportunity to shine(THEGLOBEANDMAIL)
“Enablers or disruptors, challengers or incumbents, FinTechs are driving progress in Canada.”
– Miro Pavletic, CEO and co-founder of STACK
Tourism Montreal partners with OTT Financial to support WeChat Pay(BETAKIT)
An approximate total of 123,000 Chinese tourists are expected to visit Montreal by the end of 2017.
Ex-Barclays CEO Jenkins bags $46 million for his FinTech startup(BLOOMBERG)
10X Future Technologies, which provides an AI-powered digital banking platform, raised a $46 million Series A round led by Ping An Insurance and Oliver Wyman.
IBM far outranks Microsoft as blockchain industry leader, research says(CNBC)
More than 40 percent of tech executives and leaders in the blockchain sector ranked IBM as top, with only 20 percent saying the same of Microsoft, according to a study by Big Blue.
Activehours raises $39 million for its new take on cash advances(TECHCRUNCH)
Led by Andreessen Horowitz, with participation from the company’s early-stage investors Matrix Partners, Ribbit Capital, and March Capital Partners, Activehours has managed to now raise nearly $65 million since its launch in 2013.
iZettle raises $36M to develop next-generation FinTech solutions(SILICONANGLE)
iZettle, which offers small businesses portable POS solutions and free sales overview tools, raised the funds from the European Investment Bank.
TD bank app has the most monthly active users in Canada(BETAKIT)
The report revealed that Canadians are spending more time using mobile banking apps than Americans.
YC wants to let people invest in its startups through the blockchain(TECHCRUNCH)
ICO’s are emerging as a route for startups to raise money from a wide pool of investors through cryptocurrency networks.
#ElevateFinTech says the future of the internet lies in blockchain(BETAKIT)
“What if there was not only an internet of information; what if there were an internet of value?”
Google pitches a mobile wallet to India’s 300 million smartphone users(FORBES)
The app, Tez, is jumping in with several large international competitors, including WhatsApp, Uber, and Truecaller, who are all seeking to capitalize on India’s big push towards a cashless society with the recent launch of a payments system called UPI.