F|T: The FinTech Times – Shaping the new FinTech frontier

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Flexiti Financial acquires $250 million of TD’s private label credit card portfolio

Flexiti’s transaction is financed by $350 million in credit facilities led by Credit Suisse AG, Cayman Islands Branch, and a syndicate of mezzanine lenders.

Alibaba’s Ant Financial FinTech affiliate raises $14 billion to continue its global expansion

Ant Financial said that the money will go towards extending its global expansion (and deepening its presence in non-China markets it has already entered), developing technology, and hiring.

Shaping the new FinTech frontier (MASHABLE)

“Thanks to the emerging hybrid industry of FinTech — which blends startup agility with the robust resources of traditional banking institutions — the future of personal finance is not only high-tech, but also highly collaborative and customizable.”

Planswell raises $7 million to develop financial planning platform (BETAKIT)

Planswell also raised $6.8 million from its seed round in January 2018.

Lendix notches $37M amid European expansion(PYMNTS)

Idinvest and Allianz are leading the round, with participation from CIR SpA, Partech, CNP Assurances, Decaux Frères Investissements, and Matmut.

Digital loyalty platform Stocard raises $20 million Series B led by Macquarie Capital (FINEXTRA)

Stocard will use the funds to launch a mobile payment functionality, recruit 40 employees across engineering, sales and marketing, and expand to new markets starting with the launch of its Paris office.

Marqeta raised $45M led by Iconiq for payment card processing technology, reportedly at a $545M valuation (TECHCRUNCH)

Marqeta works with businesses for payment-card related services, including instant card-based payments and issuing their own branded credit cards.

University of Waterloo joins Ripple’s $64 million CAD blockchain research initiative

The University of Waterloo is the only Canadian university participating in the initiative.

Adyen aims for a $1B IPO, valuing the payments startup at up to $8.3B when it lists on June 13 (TECHCRUNCH)

The Netherlands-based payments startup — which competes against the likes of PayPal and Stripe to power payment services both to online and physical retailers — said that it will be raising between approximately $1 billion and $1.1 billion.

FinTech startup Molo Finance raises £3.7M in seed funding(FINSMES)

The round was led by Ubon Partners.

Visa announces $100-Million venture fund focused on Europe and Israel (CALCALIST)

The credit card processing company also launched a fast-track program for partnerships with FinTech ventures.

Mastercard announces the launch of AI Express(PYMNTS)

To help companies that want to jump into the AI revolution — but are perhaps unsure where to actually start — the team at Mastercard is hoping to offer up a solution in the form of AI Express.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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