F|T: The FinTech Times – PayPal drops Libra

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Bitcoin company Hut 8 Mining first to trade on TSX via new listings initiative(BETAKIT)

Hut 8 Mining Corp., a cryptocurrency mining and blockchain infrastructure company, has announced it will begin trading on the Toronto Stock Exchange.


Interac and Elevate: Six Things We Learned(NEWSROOM)

Will cryptocurrencies rule the future? How can digital technology bring modern banking amenities to remote communities? How will we balance the drive for financial innovation against concerns over privacy?

Khatabook raises $25M to help small businesses in India record financial transactions digitally and accept online payments(TECHCRUNCH)

Khatabook, a Bangalore-based startup, said on Tuesday it has raised $25 million in a new financing round.

FinTech startup FinBox raises pre-Series A funding from Arali Ventures(YOURSTORY)

The startup plans to use the funds for R&D and expanding its product suite. The company is also looking to hire across its engineering, data science, and product management segments.

Report: poised to be global leader, Canadian blockchain sector faces challenges to scale(BETAKIT)

The Chamber of Digital Commerce Canada has released a new report on the country’s blockchain ecosystem, looking at the strengths and challenges within Canada.

Stability’s important, but Canada needs to take more chances with FinTech(FINANCIALPOST)

Canada’s financial strength — stability — is also its weakness as a launching pad for disruptive tech.

Bnext raises $25 million for its mobile banking alternative(TECHCRUNCH)

FinTech startup Bnext has raised a $25 million funding round. The Spanish company is building a banking product and has managed to attract 300,000 active users.

Report: Canada expected to spend over $800 million on blockchain solutions by 2023(BETAKIT)

Canadian businesses are expected to spend over $800 million on blockchain solutions by 2023, according to a report from the International Data Corporation.

PayPal drops out of Facebook’s Libra payments network(WSJ)

PayPal Holdings Inc. is withdrawing from the group of companies Facebook Inc. assembled to launch a global cryptocurrency-based payments network, dealing a blow to the social-media giant’s ambitions to transform financial services.

Buzzy startup Brex announced Brex Cash, a bank account for startups(BUSINESSINSIDER)

Brex, the $2.6 billion credit card company for startups, explains why it’s getting closer to traditional finance with its new Brex Cash bank account product.

New challenger bank Dave now worth $1 billion after recent investment(TEARSHEET)

With an investment from Norwest, Dave hits unicorn valuation. The company still needs to prove it can move PFM users to become banking customers.

Max Levchin’s Affirm seeks capital amid surge in FinTech funding(TECHCRUNCH)

Affirm, founded by PayPal’s Max Levchin, is said to be raising as much as $1.5 billion in a combination of debt and equity, according to people with knowledge of the company’s fundraising activities.

Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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