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.
FundThrough raises $34 million led by ScaleUP Ventures, David Mirvish (BETAKIT)
The $34 million comes from $9 million in equity funding, and a new $25 million credit facility provided by Intercap.
Grove just raised $8 million to make traditional financial planning affordable to pretty much everyone (TECHCRUNCH)
The funding was led by Defy Ventures, with participation from Tusk Ventures, Bullish, and Winklevoss Capital.
FinTechs are staring down the future of banking (FINANCIAL POST)
A KiWi Private Credit Fund event last week noted that banks have left a pricing gap for mid-range loans, leaving room for some new entities to swoop in.
PayPal set to acquire Hyperwallet for $400 million (BETAKIT)
HyperWallet was founded in Vancouver.h low.
Plum, the FinTech chatbot that helps you save, adds theme-based investing (TECHCRUNCH)
Plum has launched an investment tool that allows users to choose fund investments based on themes, such as ethical companies or technology.
How DCTRL creates the foundation for Vancouver’s blockchain companies
(BETAKIT)
The location is a radical, artist-run basement that has acted as the crucible for the majority of the city’s blockchain companies.
Toss raises $40M in new round of VC funding (PYMNTS)
Toss, a payments company that provides a suite of financial services, raised the funding from GIC and Sequoia China.
Peoples Trust Company acquires Vancouver-based Lendful (BETAKIT)
Peoples Trust Company said its acquisition of Lendful will allow it to make faster decisions in offering borrowers access to capital.
Brex picks up $57M to build an easy credit card for startups (TECHCRUNCH)
Brex wants to offer startups a way to quickly get what’s effectively a credit card that they can use without having to personally guarantee that card or wade through complex processes to finally get a charge card.
France’s blockchain ambitions get a boost with new accelerator and surprising government support (VENTUREBEAT)
The Chain Accelerator aims to attract blockchain startups from around the world.
IdentityNorth predicts the future of digital identity in health care, payments
(BETAKIT)
“A lot of the best solutions are being built here in Canada, and we need to seek out those solutions and actually implement them.”
Personal finance startup SmartAsset raises $28M (TECHCRUNCH)
The new round comes from Focus Financial Partners, Javelin Venture Partners, TTV Capital, IA Capital, Contour Venture Partners, Citi Ventures, Fabrice Grinda, and others.
