F|T: The FinTech Times – Shopify strikes a balance

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.


BROUGHT TO YOU BY SAGE INTACCT:


Following layoffs, Sensibill secures $5 million in debt financing (BETAKIT)

“Like many businesses, we’ve had to make some tough calls in recent weeks,” the company said.


RECOMMENDED BY SAGE INTACCT:

Last chance to register: CFO 3.0 Breakthrough Finance webcast

In Canada, 7 in 10 financial decision-makers are responsible for driving digital transformation in their business. It has never been more important for Finance Leaders to stay informed with the latest trends impacting their role, company, and industry.

Join us for this live webcast as Finance experts discuss how the responsibilities of the CFO have evolved and how they are playing a key role in leading their businesses during a disruptive and ever-shifting landscape.


Aspiration, the LA-based FinTech focused on conscious consumerism, raises $135 million (TECHCRUNCH)

The company first pitched the market with an investment management service like those from Betterment and Wealthfront, but one where customers could choose their own fees.


Brazilian retail giant acquires Boston FinTech startup AirFox (BOSTON INNO)

Via Varejo, the largest retailer in Brazil, is set to acquire Boston-based FinTech startup AirFox for an undisclosed sum.


CI Financial extends ownership of WealthBar to 100 percent of the robo-advisor startup (BETAKIT)

Vancouver-based robo advisor startup WealthBar has been fully acquired by one of Canada’s largest wealth management firms, CI Financial.


SME-focused FinTech startup Khatabook raises Series B funding (VC CIRCLE)

The round has been led by B Capital, which was set up by Facebook co-founder Eduardo Saverin, Khatabook said in a statement.


Plaid launches Plaid Exchange to help banks manage their API (TECHCRUNCH)

This time, with Plaid Exchange, the company wants to help financial institutions directly so they can build and maintain an API that other developers can use.


Shopify to offer business account, card, and rewards program with new Shopify Balance (BETAKIT)

Shopify is moving deeper into the FinTech space, with the launch of Shopify Balance, a banking product for small businesses.


FinTech platforms in Hong Kong seen as an opportunity by incumbents, not a threat, new report reveals (CROWDFUND INSIDER)

It was reportedly performed by the Hong Kong Monetary Authority (HKMA) Market Research Division, in order to get a better idea of the present state of FinTech adoption in Hong Kong’s banking sector.


French FinTech startup Pennylane raises €4 million from Global Founders Capital, Partech and Kima Ventures (TECH.EU)

The financing round will help boost the development of the platform and to expand its team of accountants; it plans to hire 25 extra of those by the end of the year.


Brex brings on $150M in new cash in case of an ‘extended recession’ (TECHCRUNCH)

Fast-growing FinTech behemoth Brex is raising big money as its customer base itself — high-growth and spendy startups — is struggling.


Applications for federal emergency rent relief program for small businesses to open May 25 (BETAKIT)

Applications for the federal government’s Canada Emergency Commercial Rent Assistance (CECRA) for small businesses are set to open May 25.


Subscribe to F|T: The FinTech Times Newsletter

* indicates required




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.