F|T: The FinTech Times – Money from nothing

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.

Wrapbook raises $34 million CAD to capitalize on digital transformation in entertainment industry (BETAKIT)

Wrapbook, a Toronto and New York-based startup at the intersection of entertainment and FinTech, has raised a $34 million CAD Series A round led by Andreessen Horowitz.

A smarter app is watching your wallet (NEW YORK TIMES)

As artificial intelligence evolves, personal finance programs are working to offer you, and your budget, tailored advice.

Canadian securities regulators issue guidance on improving disclosures of crypto assets (BETAKIT)

The Canadian Securities Administrators has published guidance that aims to improve the quality of disclosures around crypto assets.

Nuvei sees strongest growth in company history in fourth quarter, with $115.9 million USD in revenue (BETAKIT)

The company’s full-year revenue also increased noticeably to $375 million, a nearly 53 percent increase from last year when the company pulled in $245.8 million.

How Dapper Labs scored NBA crypto millions (PROTOCOL)

The company behind CryptoKitties, the first glimmer that consumers might get excited about blockchain-backed digital goods, is poised to hit the mainstream with NBA Top Shot.

Koho secures $70 million Series C to scale adoption of its digital banking services (BETAKIT)

The round was led by new investor TTV Capital, a United States firm focused on FinTech.

Ant Group CEO Simon Hu resigns (WALL STREET JOURNAL)

Ant Group Co. Chief Executive Simon Hu has resigned amid heightened scrutiny over the Chinese financial-technology behemoth.

Wealthsimple launches peer-to-peer payment Cash app nationwide (BETAKIT)

First announced in January 2020, Wealthsimple began rolling out the first feature of its new Cash product in beta to select employees and clients last November.

BlockFi lands a $350M Series D at a $3B valuation for its fast-growing crypto-lending platform (TECHCRUNCH)

The latest financing brings its total equity raised since inception to about $450 million, with the company raising $100 million across its seed and Series C rounds.

Boast.ai looks to expand hires in Montréal as part of broader hiring spree across Canada (BETAKIT)

Boast.ai is planning to hire 50 people across Canada.

Nigeria can’t decide what to do about the rise and rise of cryptocurrency (REST OF WORLD)

The Nigerian presidency, central bank, local regulators, and tech community are at odds over “money created out of thin air.”

PitchPoint Solutions secures $4.5 million from CIBC Innovation Banking (BETAKIT)

To date, PitchPoint told BetaKit it has raised approximately $11 million in funding.

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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