F|T: The FinTech Times – Staring down the future of banking

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.


BetaKit

FundThrough raises $34 million led by ScaleUP Ventures, David Mirvish

The $34 million comes from $9 million in equity funding, and a new $25 million credit facility provided by Intercap.


techcrunch

Grove just raised $8 million to make traditional financial planning affordable to pretty much everyone

The funding was led by Defy Ventures, with participation from Tusk Ventures, Bullish, and Winklevoss Capital.


financialpost

FinTechs are staring down the future of banking

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.


betakit

PayPal set to acquire Hyperwallet for $400 million

HyperWallet was founded in Vancouver.h low.


techcrunch


Plum, the FinTech chatbot that helps you save, adds theme-based investing

Plum has launched an investment tool that allows users to choose fund investments based on themes, such as ethical companies or technology.


betakit

How DCTRL creates the foundation for Vancouver’s blockchain companies

The location is a radical, artist-run basement that has acted as the crucible for the majority of the city’s blockchain companies.


pymnts.com

Toss raises $40M in new round of VC funding

Toss, a payments company that provides a suite of financial services, raised the funding from GIC and Sequoia China.


betakit

Peoples Trust Company acquires Vancouver-based Lendful

Peoples Trust Company said its acquisition of Lendful will allow it to make faster decisions in offering borrowers access to capital.


techcrunch

Brex picks up $57M to build an easy credit card for startups

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.


venturebeat

France’s blockchain ambitions get a boost with new accelerator and surprising government support

The Chain Accelerator aims to attract blockchain startups from around the world.


betakit

IdentityNorth predicts the future of digital identity in health care, payments

“A lot of the best solutions are being built here in Canada, and we need to seek out those solutions and actually implement them.”


techcrunch

Personal finance startup SmartAsset raises $28M

The new round comes from Focus Financial Partners, Javelin Venture Partners, TTV Capital, IA Capital, Contour Venture Partners, Citi Ventures, Fabrice Grinda, and others.


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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.