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.
Toronto-based challenger bank Stack acquired by Credit Sesame (BETAKIT)
Toronto-based challenger bank Stack has been acquired by United States-based credit and loan company Credit Sesame.
Bruce Croxon and Vidyard CFO Matt Hodgson share tips for building resilient SaaS startups
Sage Intacct hosted a webinar with Bruce Croxon and Matt Hodgson to explain what SaaS founders can do to build resilience into their organizational models.
Credit-focused FinTech startup Upgrade raises $40M after reaching $100M run rate (TECHCRUNCH)
The Upgrade round slots neatly into a few trends TechCrunch has noted in recent quarters, including FinTech startups raising at new, higher valuations, and some startups seeing sharp valuation growth on the back of comparatively modest raises.
Singapore FinTech startup raises seed funding to digitize corporate loans (TECH IN ASIA)
Singapore-based iLex, which aims to transform the corporate lending market, announced that it has raised an undisclosed amount of seed funding from strategic investors in France, Hong Kong, Singapore, and the US.
Rural FinTech startup Jai Kisan raises Rs 30 Cr in Pre-Series A from Arkam Ventures, NABVENTURES, and others (YOUR STORY)
Over the past six months, Jai Kisan has disbursed over Rs 50 crore in loans of top-tier credit quality to a diverse set of 5,500+ borrowers from various income groups across 10 states.
Sensibill to offer digital receipt management solution to Chase Bank customers (BETAKIT)
Toronto-based Sensibill has partnered with Chase Bank to provide the bank’s customers with its digital receipt management solution.
African payment startup Chipper Cash raises $13.8M Series A (TECHCRUNCH)
African cross-border FinTech startup Chipper Cash has closed a $13.8 million Series A funding round led by Deciens Capital and plans to hire 30 new staff globally.
Estonian FinTech startup Planet42 raises €2.2 million to support mobility in emerging markets (TECH.EU)
The company partners with dealerships across South Africa to offer car access to largely underbanked clientele.
‘Bitcoin for Boomers’ startup River Financial raises $5.7M (FORTUNE)
The startup has several thousand customers, many of them high-net-worth individuals, and claims it has been growing 80% every month since January—with 77% of that growth coming from those 55 or older.
Availability of expanded $40,000 CEBA small business loans delayed (BETAKIT)
Applications for the expanded Canada Emergency Business Account (CEBA), which were set to open across the country Friday, have been delayed.
DMarket raises $6.5 million for blockchain marketplace, adds Trip Hawkins to board (VENTUREBEAT)
The funding will help DMarket expand its decentralized, cross-game marketplace, which lets gamers freely trade and sell in-game assets, earning real value for those virtual items.
