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

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

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.


techcrunch

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.


mashable

Shaping the new FinTech frontier

“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.”


betakit

Planswell raises $7 million to develop financial planning platform

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


pymnts.com

Lendix notches $37M amid European expansion

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


finextra

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

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.


techcrunch

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

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


betakit

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.


techcrunch

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

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.


finsmes

FinTech startup Molo Finance raises £3.7M in seed funding

The round was led by Ubon Partners.


ctech

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

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


pymnts.com

Mastercard announces the launch of AI Express

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.


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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.