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.
According to The Globe and Mail, the RCMP has made “formal document requests” to Ernst & Young (EY), which was appointed to oversee the search for the missing money.
SHIFT – Growth Analyst
Viziya – Growth Marketer
Tulip – Sales Channel Enablement Manager
See more jobs and post your own on Jobs.BetaKit (powered by Jobbio).
The startup, which has raised about $145 million to date, is now valued between $430 million to $450 million, a person familiar with the matter told TechCrunch.
Credit Sesame, a San Francisco, CA-based consumer credit health management platform, closed over $43m in equity and debt funding.
Mobile rewards startup Drop has closed a $58 million CAD ($44 million USD) Series B to help accelerate its growth and allow it to enter into new markets.
PNC has created a startup program, numo, that functions as an internal startup, complete with a pre-negotiated equity split between PNC and numo employees, said David Passavant, numo CEO.
Azimo, the U.K.-headquartered money transfer service backed by Japan’s Rakuten Capital, amongst others, is seeing a change at the top.
Led by Ribbit Capital and Steadview Capital, BharatPe’s Series B round comes just four months after the startup raised its Series A round, in April this year.
This is Raisin’s third acquisition, after the startup acquired PBF Solutions in September 2017 and MHB Bank in March 2019.
Nigerian FinTech firm Interswitch has been circulating in business news around a possible IPO on the London Stock Exchange.
Salaryo, a NYC-based FinTech platform for U.S. freelancers and startups, raised $5.5m in debt and equity funding.