F|T: The FinTech Times – The new hotness

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Some banks begin rollout of EDC loan guarantee for Canadian businesses(BETAKIT)

Scotiabank and National Bank have made available the EDC loan guarantee program, signalling that Canada’s big banks are starting to roll out the program.


Your accounting and finance system may be slowing you down

Billing used to be easy. Products were billed once when they were sold or delivered. Now software companies have a blend of products—subscriptions, usage billing, services, training, and perpetual licenses. Some of it is billed once, and some of it is billed every month.

Many accounting systems weren’t built to handle this complexity, and can’t be easily integrated with Salesforce to automate your quote to cash process. Learn the clear five signs you’re outgrowing your accounting and finance system.

Financial tech startup Previse raises $11M to help suppliers get paid faster(TECHCRUNCH)

Founded in 2016, Previse says it currently processes about 100,000 invoices a day, and its goal is to handle payments for five million suppliers within the next five years.

Atomic Loans raises $3.4 million CAD as it looks to bring decentralized finance to bitcoin market(BETAKIT)

Toronto-based Atomic Loans, which is creating a platform that facilitates peer-to-peer bitcoin lending, has raised $3.4 million CAD in seed funding.

Trade Republic raises €62M in Series B funding(FINSMES)

The company intends to use the funds to expand operations, expand across Europe, and further the development of its platform for mobile saving, investing, and trading.

Clearbanc tightens belt following new cashflow product for COVID-impacted companies(BETAKIT)

Revenue share investor Clearbanc launched a new product to support entrepreneurs facing a financial crunch due to COVID-19 while also laying off 17 employees.

SR&ED payments beginning to flow to Canadian tech following delay caused by COVID-19(BETAKIT)

The CRA is beginning to release funds from the SR&ED tax incentive program and is expediting the processing after a delay caused by COVID-19.

Saving, not spending, is the new hotness in FinTech(TECHCRUNCH)

Robinhood’s revenue has reached real scale, and, like other savings and investing-focused financial applications, it’s enjoying a boom in demand.

Feds expand eligibility criteria for small business loan program, introduce rent assistance program(BETAKIT)

The key change to the CEBA, announced Thursday morning, is an expanded for total payroll criteria.

5 ways COVID-19 is impacting FinTech startups(EU STARTUPS)

What are the implications for startups and for FinTech startups in particular? Only couple of weeks ago these startups were living one of their best years for some time.

Here are the final details on the Canada Emergency Wage Subsidy(BETAKIT)

After passing the 75 percent wage subsidy Canadian government shared additional details. Here is a breakdown of the program, who’s eligible, and how to apply.

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.

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