F|T: The FinTech Times – Investment on the rise

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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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BetaKit

Wave raises $32 million from RBC, Portag3 Ventures

Other participants include National Australia Bank and Exhibition Ventures.


empire startups

EMPIRE STARTUPS RECOMMENDS: Koho’s Daniel Eberhard says FinTech success is about understanding customers’ psychology

Eberhard spoke with Empire Startups about Canada’s FinTech landscape.


BetaKit

TouchBistro raises $16.3 million Series C to continue North American expansion

The company said that in the last year, it has grown its MRR by 150 percent.


Finextra

First Data acquires CardConnect

First Data is set to acquire payment processor CardConnect for $750 million in cash.


Business Insider

Deutsche Bank is making a big bet on the future of finance

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.


BetaKit

Project Jasper urges private-public sector collaboration to bring blockchain into financial system

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.


Finextra

HSBC boards the robo-advice train

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.


BetaKit

Vanbex raises $500,000 seed round to develop blockchain-based platform

Vanbex’s seed round comes from Boris Mann and Adrian Jonklaas, co-founders of Vancouver-based Frontier Foundry, with participation from other investors.


TechCrunch

MoneyLion’s redesigned app gives personalized financial advice and instant access to personal loans

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.


Finextra

Zopa raises £32 million to support challenger bank build-out

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.


BetaKit

Beanworks raises $4.5 million Series A, adds new VPs

Beanworks, which allows accounting teams to automate redundant tasks, raised the round from Vancouver Founder Fund and TIMIA Capital.


Let's Talk Payments

5 ways financial companies can harness the power of digital disruption in 2017

Harnessing and embracing global digital disruption will distinguish the growers and survivors from the casualties in the financial services industry in the years ahead.


Finextra

Banco BNI Europa makes €10M investment in Portuguese peer-to-peer platform Raize

The online challenger bank is looking to invest €10 million over a two year period to boost lending to SMEs in Portugal.


Forbes

B2B FinTech investment on the rise

Long overshadowed by their consumer counterparts, B2B payment firms are seeing greater interest from venture capital, private equity, and strategic investors.



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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.