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Procurify & Zafin raise $20M in combined funding(BETAKIT)
Procurify closed a $7 million Series A round, while Zafin announced a $13 million private financing arrangement with Vancouver-based Vistara Capital Partners and Beedie Capital Partners.
Goldmoney reduces exchange fees by 50%(BETAKIT)
The company also announced that it has successfully completed its acquisition of Schiff Gold LLC.
In Canada, cash is king… for now(FINEXTRA)
Payments Canada says that the payments market in Canada grew to 20.9 billion transactions, worth more than $8.9 trillion, in 2015.
Bracing for seven critical changes as FinTech matures(MCKINSEY)
The FinTech sector is being shaped by shifting market conditions, new regulations, and changes in consumer demands and behaviours.
LendingTree buys owner of CompareCards(PYMNTS)
LendingTree said the deal has a possible total consideration of $130 million, which consists of $85 million in cash at closing and contingent consideration payments of up to $22.5 million.
European Commission sets up FinTech task force(FINEXTRA)
Co-chaired by DG Fisma and DG Cconnect, the Task Force brings together services responsible for financial regulation and for the Digital Single Market, along with experts in competition and consumer protection policy.