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

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Coinsquare announces $30 million in funding, new executive hires (BETAKIT)

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

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

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

Montreal-based Leadweb wants to build a blockchain-focused supercluster (BETAKIT)

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.

Autobooks raises $10M in Series A1 funding round(FINSMES)

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.

WealthBar launches robo-advisor for independent advisors(BETAKIT)

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.

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.

Payment Source partners with Paytm Canada (BETAKIT)

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.

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

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

Dfinity raises $61 million for blockchain-based cloud (VENTUREBEAT)

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.

iComplyICO raises angel investment from Uber founding team member (BETAKIT)

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

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

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.

FreshBooks adds over 50 apps and integrations to redesigned platform (BETAKIT)

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.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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