F|T: The FinTech Times – Power Moves

LEAGUE CEO and founder Michael Serbinis

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

With a $25M USD Series A round, LEAGUE’s Mike Serbinis won’t be stopped

With one of the biggest Canadian Series A rounds ever, Mike Serbinis won’t be stopped. Neither will Power Financial.



Wealthsimple

Spike Lee Tells Us Why He Never Feels Bad Asking for Money

The director sits down with Wealthsimple to talk first jobs, family philosophy, and how to keep asking for money until you get that “Yes.” (sponsored)



TechCrunch

Bitcoin is being Bitcoin and spiking 30% this week and 200% this year

It feels like we only hear about Bitcoin when the price is either tanking or skyrocketing. So here are a few things that could be behind this price spike.



FP

No cryptocurrency anytime soon, Bank of Canada says: ‘We’re very far off’

Bank of Canada senior deputy governor Carolyn Wilkins is pouring cold water on rumours that the central bank is developing its own cryptocurrency.



BetaKit

Shopify to allow its online merchants to offer Apple Pay as payment option

Now, customers of Shopify-hosted retailers will be able to use Apple Pay to check out via Safari, iPhone, and iPad.



Bloomberg

IEX Outduels Citadel, NYSE as ‘Flash Boys’ Exchange Approved

After outmaneuvering some of the oldest, richest and most powerful names in the business, Katsuyama and his upstart company, IEX Group Inc., finally got what they wanted: designation as a full-fledged stock exchange.



NYT

A Bitcoin Believer’s Crisis of Faith

“Bitcoin has gone from being a transparent and open community to one that is dominated by rampant censorship and attacks on bitcoiners by other bitcoiners.”



TechCrunch

Financial technology matures as government steps in

Yes, government regulation is on its way, but that doesn’t mean the sky is falling. These signals are actually the chaotic realities of a space that is maturing.



WSJ

FinTech Firm Plaid Raises $44 Million

The new funding is a boost for apps and websites that use Plaid, which has now raised about $60 million total, as they work to ensure access to customer data held by banks.



WSJ

Toronto-based Overbond raises $7.5 million seed round

Overbond plans to use the funding to expand its digital primary bond issuance platform.



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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.