F|T: The FinTech Times – Major raises

bitgold

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

As BitGold surpasses one million users, parent company realigns its operations

Goldmoney, the parent company of gold-based payments and savings platform BitGold, is consolidating its operations by merging BitGold’s individual operations into the larger Goldmoney company.



Wealthsimple

The Cofounder of Frank + Oak Tells Wealthsimple About Living Frugally and Spending Richly

Ethan Song thinks we should all plan our futures really carefully—including blowing cash on what makes life fun. (sponsored)



BetaKit

Apple Pay expands to TD Canada Trust, BMO and Scotiabank customers

Tangerine says it will support Apple Pay by the end of July.



Finextra

Payveris raises $7.5M

Payveris has added more than 100 financial institutions as customers in the past two quarters and has expanded its team by 40 percent.



TechCrunch

ChangeJar wants loose change to be a thing of the past with its app

In addition to transactions between customers and businesses, ChangeJar can be used for instant person-to-person transfers.



Financial Post

CIBC, Scotia deepen relationship with Montreal FinTech player Thinking Capital

The two banks are more than doubling the credit facility of the online small business lender to $125 million, which will allow the Montreal-based firm to extend more loans.



PYMNTS

Intel Plants FinTech Seeds In Tel Aviv

Intel has finalized a deal with The Floor, a Tel Aviv-based FinTech hub, that will see a new lab built exclusively for the development of distributed ledger solutions, Internet of Things innovations and biometric applications.



Finextra

Fraud prevention startup Featurespace raises $9 million

The round includes participation from existing investors, including Imperial Innovations Group plc, Nesta, Cambridge Angels and Cambridge Capital Group.



Telegraph

Ex-Barclays chief Antony Jenkins sets up new FinTech venture

Former Barclays boss Antony Jenkins has registered a new business called 10X Future Technologies, following his own forecasts that banking faces an “Uber moment” as innovative rivals shake up the sector.



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Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.