F|T: The FinTech Times – Regulatory blind spot

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Toronto tech venture deal count plummets in “unfortunate” first quarter of 2020 (BETAKIT)

Toronto’s tech sector saw $361 million in venture funding over 41 deals in the first quarter of 2020, according to a new Hockeystick’s ecosystem report.


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FinTech startup nCino targets ~$2B valuation in impending IPO (TECHCRUNCH)

The startup’s software is what nCino calls a “bank operating system,” providing banking software to help financial entities with lending, customer resource management, account opening and more.

Wirecard flourished in regulatory blind spot that’s growing (BLOOMBERG)

Wirecard AG’s collapse displayed a growing blind spot for the guardians of the world’s financial system: how do you regulate a firm that acts like bank, but isn’t really a bank?

AI, FinTech startup Senso raises $4 million CAD to further fuel US expansion (BETAKIT)

Senso, which provides financial institutions with predictive intelligence through AI, has raised a $4 million CAD ($3 million USD) funding round.

Marqeta joins the IPO speculation fray (BIZJOURNALS)

The company just announced a new Denver HQ — and now it’s reportedly eying Wall Street too.

Mastercard and Visa to expand ‘Click to Pay’ online checkout to Canada (MOBILESYRUP)

The checkout solution is supposed to mirror the checkout process in physical stores.

Nest Wealth receives close to $50 million in new deal with National Bank (BETAKIT)

The deal consists of a minority equity investment and long term services agreement valued at approximately $50 million.

FinTech disruptor SoFi wants to become a national bank — again (CNBC)

SoFi has filed an application for a national bank charter, which would allow the fintech company to offer more competitive interest rates on checking, savings and loan personal finance products.

Who gets to be reckless on Wall Street? (VOX)

Regular investors are piling into the stock market for the rush. Wall Street titans say they’re making a grave mistake, but it’s not so simple.

Flinks looks to expand US presence with $16.2 million Series A (BETAKIT)

Flinks, a Montréal-based FinTech startup, has closed its Series A round at $16.2 million CAD.

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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