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

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.


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

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


LATEST JOBS

HiMama – Revenue Operations Coordinator

Loopio – SDR Manager

Nudge Rewards Inc. – Data Engineer

See more jobs and post your own on Jobs.BetaKit (powered by Jobbio).


TechCrunch

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

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


BetaKit

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

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

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


BetaKit

Planswell shuts down

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.


TechCrunch

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

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


BetaKit

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

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’

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


BetaKit

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

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


TechCrunch

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

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.


BetaKit

Digital identity company 2Keys acquired by Interac

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


TechCrunch

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

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.


Subscribe to F|T: The FinTech Times Newsletter

* indicates required




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.