F|T: The FinTech Times – Ontarians at risk

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

Flinks closes $1.75 million from National Bank, Luge Capital

It’s the first investment for Luge Capital, which launched in early June with $75 million.


techcrunch

PayPal sells its consumer credit portfolio to Synchrony for $7 billion

Synchrony will now be the exclusive issuer of the PayPal Credit online consumer financing program in the US through 2028.


coindesk

Tradeshift pilot Stablecoin to speed up business payments

MakerDAO – the company behind the stablecoin DAI – said its stablecoin is now being tested with the Tradeshift Cash solution in a bid to tokenize unpaid invoices of small businesses.


betakit

Finn AI launches on the Temenos Marketplace

Temenos Marketplace is a web-based application that allows users to manage business applications on a single site.


techcrunch


Airwallex raises $80M for its international payment service for businesses

The round was led by existing investors Tencent, the $500 billion Chinese internet giant, and Sequoia China.


betakit

National Bank launches mobile POS powered by Montreal FinTech Mobeewave

The bank has invested in several FinTechs, including Montreal-based Flinks and Toronto-based Nest Wealth.


entrepreneur

Flipkart seeking NBFC license; Soon to venture into FinTech space

Sixty percent of the company’s customers do not have access to credit.


finextra

ThetaRay secures $30 million investment

Investors in the round included Jerusalem Venture Partners, GE, Bank Hapoalim, OurCrowd, SVB and others.


betakit

OSC study: Lack of cryptocurrency knowledge putting Ontarians at risk

In May, the OSC issued a warning against firms that it said are not registered to provide advice on investing in securities in Ontario.


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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.