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Wave raises $32 million from RBC, Portag3 Ventures(BETAKIT)
Other participants include National Australia Bank and Exhibition Ventures.
EMPIRE STARTUPS RECOMMENDS: Koho’s Daniel Eberhard says FinTech success is about understanding customers’ psychology(BETAKIT)
Eberhard spoke with Empire Startups about Canada’s FinTech landscape.
TouchBistro raises $16.3 million Series C to continue North American expansion(BETAKIT)
The company said that in the last year, it has grown its MRR by 150 percent.
First Data acquires CardConnect (BETAKIT)
First Data is set to acquire payment processor CardConnect for $750 million in cash.
Deutsche Bank is making a big bet on the future of finance(BUSINESS INSIDER)
The German bank is making a push to advise FinTech companies with the recent appointment of Tommaso Zanobini as its global head of financial technology.
Project Jasper urges private-public sector collaboration to bring blockchain into financial system(BETAKIT)
Project Jasper is an initiative including Canada’s financial institutions, with the goal of understanding how distributed ledger technology can change the future of payments.
HSBC boards the robo-advice train(FINEXTRA)
The bank says its new robo-advice service – which is set to launch by the end of the year – will make wealth management advice available at a fraction of the cost to those with a small amount to invest.
Vanbex raises $500,000 seed round to develop blockchain-based platform(BETAKIT)
Vanbex’s seed round comes from Boris Mann and Adrian Jonklaas, co-founders of Vancouver-based Frontier Foundry, with participation from other investors.
MoneyLion’s redesigned app gives personalized financial advice and instant access to personal loans(TECHCRUNCH)
Users who are looking to borrow from MoneyLion can also now get a loan approved in as little as 15 seconds, and have funds in their account as quickly as the same business day.
Zopa raises £32 million to support challenger bank build-out(FINEXTRA)
The investments were led by India’s Wadhawan Global Capital Pvt Ltd, and Northzone, a European venture capital fund specialising in fast growth technology companies.
Beanworks raises $4.5 million Series A, adds new VPs(BETAKIT)
Beanworks, which allows accounting teams to automate redundant tasks, raised the round from Vancouver Founder Fund and TIMIA Capital.
5 ways financial companies can harness the power of digital disruption in 2017(LETSTALKPAYMENTS)
Harnessing and embracing global digital disruption will distinguish the growers and survivors from the casualties in the financial services industry in the years ahead.
Banco BNI Europa makes €10M investment in Portuguese peer-to-peer platform Raize(FINEXTRA)
The online challenger bank is looking to invest €10 million over a two year period to boost lending to SMEs in Portugal.
B2B FinTech investment on the rise(FORBES)
Long overshadowed by their consumer counterparts, B2B payment firms are seeing greater interest from venture capital, private equity, and strategic investors.