F|T: The FinTech Times – Los Angeles becomes a FinTech hub

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Vancouver-based Grow Technologies acquired by Alberta’s ATB Financial(BETAKIT)

Through the acquisition, the majority of Grow’s team members, including founder and CEO Kevin Sandhu, will transition to the ATB team.

LA is fast becoming a FinTech hub as HMBradley launches another West Coast challenger bank(TECHCRUNCH)

The new Santa Monica, Calif.-based bank joins companies like Aspiration and Acorns in trying to offer consumers new ways to manage their finances.

Crypto trading platform Einstein Exchange shuts down, owing $16 million to clients(BETAKIT)

Einstein Exchange, a Vancouver-based cryptocurrency exchange, shut down this week, owing more than $16 million to its clients.

14 FinTech trends to watch for in 2020(FORBES)

As with any technology, FinTech developments happen quickly, and smart business owners will want to keep up.

Planswell shuts down(BETAKIT)

In a notice posted on the company’s website, Planswell indicates that all 57 employees have lost their jobs as a result of the Toronto startup’s shutdown.

Alpaca nabs $6M for stocks API so anyone can build a Robinhood(TECHCRUNCH)

Instead of charging developers, Alpaca earns its money through payment for order flow, interest on cash deposits and margin lending, much like Robinhood.

Planswell CEO attributes company downfall to “social media storm” in investor email(BETAKIT)

An email to Planswell investors obtained by BetaKit sheds new light on the recent demise of the Toronto-based FinTech startup.

Filecoin, but forever: Arweave raises $5 million to build out ‘permaweb’(COINDESK)

A startup drawing on ancient history for modern-day inspiration has raised $5 million to decentralize the permanent storage of the world’s information.

Mylo raises $10 million Series A with support from National Bank, Desjardins(BETAKIT)

Montreal-based FinTech startup Mylo has raised $10 million in Series A financing for its saving and investing.

Real estate FinTech Immo Investment Technologies raises €11M Series A(TECHCRUNCH)

Immo Investment Technologies, a London-based FinTech startup that purchase homes on behalf of buy-to-let investors, has closed €11 million in Series A funding.

Digital identity company 2Keys acquired by Interac(BETAKIT)

2Keys, an Ottawa-based leader in digital identity, has been acquired by Interac. Terms of the deal were not disclosed.

Stealth FinTech startup Digits raises $10.5 million Series A from Benchmark and others(TECHCRUNCH)

The round was led by Benchmark and has the backing of 72 angels, including founders and CEOs from companies like Box, GitHub, Tinder, Twitch, StitchFix, SoFi and several others.

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.

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