F|T: The FinTech Times – Klarna’s losing krona

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.


As Ethereum turns five, the world’s second biggest crypto platform aims to tackle long-standing challenges (BETAKIT)

On the verge of beginning its long awaited shift to Ethereum 2.0, Canada’s biggest contribution to the blockchain space sets its sights on scalability.


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Fondeadora is a Mexican challenger bank that just raised $14 million (TECHCRUNCH)

Founded in 2018, the company already manages 150,000 accounts and is adding $20 million in deposits every month.


Payment tech firm Nuvei prepares to file for IPO led by Goldman (BLOOMBERG)

Nuvei Technologies Corp., a seller of payment technology to merchants and software vendors, is preparing to file for an initial public offering in the U.S. and Canada next month, according to people familiar with the matter.


Turning software companies into payments companies: Finix adds $30M to Series B (CRUNCHBASE)

Six months after announcing an initial $45 million Series B, the payments infrastructure company is coming back with a $30 million extension to close a $75 million round.


New temporary policy to allow foreign workers to apply for work permit without leaving Canada (BETAKIT)

Canada’s Minister of Immigration, Refugees and Citizenship announced a new public policy set to make it easier to apply for a work permit amid COVID-19.


Wirecard UK unit confirms plan to sell assets to Railsbank (CNBC)

Wirecard Card Solutions will meet to outline the terms of a sale of its card technology and associated U.K. assets to Railsbank.


Swedish ‘buy now, pay later’ fintech giant Klarna reports sevenfold jump in losses (BUSINESS INSIDER)

Klarna recorded a loss of $60.6 million in the first half of 2020 — seven times higher than in the first half of 2019.


Digital bank startup Copper raises $4.3M to help teens learn how to spend and save money (GEEKWIRE)

Can tech help teens spend money smarter? That’s the bet Copper and its investors are making.


Insurtech Breathe Life raises $11.5 million CAD to accelerate go-to-market strategy (BETAKIT)

Breathe Life, which has developed a software-as-a-service (SaaS) platform for insurance carriers, has raised $11.5 million CAD to further enhance its offering.


Visa unveils more powerful AI tool that approves or denies card transactions (WALL STREET JOURNAL)

The deep-learning application makes more accurate decisions on behalf of banks experiencing network disruptions, Visa says.


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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.