F|T: The FinTech Times – Montreal’s blockchain supercluster

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.


BetaKit

Coinsquare announces $30 million in funding, new executive hires

Coinsquare had recently raised a $10.5 million Series A in December 2017.


techcrunch

Grove raises $2.1M to find the sweet spot between old-school financial advisers and chatbots

Grove’s seed round was led by First Round, with participation from Lowercase Capital, SV Angel, Box Group, and others.


betakit

Montreal-based Leadweb wants to build a blockchain-focused supercluster

Leadweb is planning to go ahead with its proposed supercluster without government funding after being turned down for $950 million in grants from the Innovation Superclusters Initiative.


finsmes

Autobooks raises $10M in Series A1 funding round

Autobooks, which provides an integrated receivables and cash management platform for banks and credit unions, raised the funding from Draper Triangle, Baird Capital, Detroit Venture Partners, Invest Michigan, and CU Solutions Group.


betakit

WealthBar launches robo-advisor for independent advisors

The new robo-advisor service, PPI Valet, allows advisors to ensure that they are compliant with regulations and reduce paperwork, while clients get 24/7 access to their investments.


finextra

Danske Bank rolls out digital credit tool for five-minute loan approval

Dankse Bank has developed a digital solution that improves credit processing and enables small businesses to get a loan within a few minutes with access to the money on the same day.


betakit

Payment Source partners with Paytm Canada

Canadians can now walk into any of the 6,000 Canada Post locations and directly deposit cash into their Paytm app without incurring any transaction costs. The goal is to allow Paytm Canada to provide a convenient solution for bill payments.


businessinsider

Ripple, the company behind cryptocurrency XRP, signs international payment deal with foreign exchange giant UAE Exchange

“Incorporating Ripple’s blockchain technology into our payments systems will bring customers an enhanced, new payments experience,” said UAE Exchange CEO Promoth Manghat.


venturebeat

Dfinity raises $61 million for blockchain-based cloud

Dfinity wants to create a new, decentralized cloud — a “cloud 3.0” — that will cut the costs of running cloud-based business applications by 90 percent and upend the current cloud services model led by Amazon and Google.


betakit

iComplyICO raises angel investment from Uber founding team member

The company also announced that a former PlentyOfFish lead web developer will now act as its CTO.


techcrunch

Penta, the German digital-only bank account for startups and SMEs, raises €2.2M seed

The seed round is led by Inception Venture Capital, a new London-based VC firm with a heavy FinTech focus, and will be used for further hiring, product development, and to fuel growth.


betakit

FreshBooks adds over 50 apps and integrations to redesigned platform

To date, FreshBooks said it has helped over 10 million people across 160 countries send invoices, track their time, manage expenses, and get paid online. Recently added integrations provide more options for automating workflow and reducing administrative tasks.


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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.