F|T: The FinTech Times – New Year’s Resolutions

Wealthsimple

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

Toronto-based Street Contxt raises $8 million Series A led by Oculus investor Formation 8

Street Contxt says it is solving a serious pain point in the capital markets system.



Wealthsimple

“We live in a culture where it’s not OK to ask about money. That’s a problem.”

Michele Romanow helped cofound Buytopia and SnapSaves and is a judge on Dragon’s Den. But her real financial education started when she was six. (sponsored)



Business Because

Wharton MBA’s FinTech Start-Up Gets $275M To Disrupt Student Loans Online

The company works with MBAs to secure loans with rates as low as 5.78% APR. It claims it saves borrowers more than $14,000 on average over the life of the loan.



TechCrunch

Mambu, The SaaS Banking Platform, Picks Up €8 Million Funding

It’s so-called digital-first banks or FinTech startups taking various slices of the traditional banking pie that the company appears to have its targets set going forward.



Finextra

Starling secures $70 million investment

UK digital challenger bank Starling has raised $70 million from Harald McPike, the founder of Bahamas-based quantitative investment manager QuantRes.



BetaKit

Lendful raises $15 million from new partner Alterna Bank

“We really felt that starting to develop relationships with FinTech companies would be a catalyst for us.” – Rob Paterson, Alterna CEO



Tech City News

15 startups selected for Accenture’s 2016 FinTech Innovation Lab London

Vancouver’s Voleo is one of the 15 startups heading to London.



Finextra

Economic woes spell doom and gloom for Chinese FinTech sector

FinTech startups in China look set for a bumpy ride in 2016, as the Government backtracks on legislative easing and the big banks prepare to reassert their dominance.



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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.