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.
Toronto-based FinTech Wealthsimple has partnered with Mercer, a consulting firm for the health and wealth management industries, to launch Mercer’s Invest Wise solution.
The company plans to hire 80 people at first for many different tech jobs, from software engineering to data science, product, and growth.
RBC has acquired Burlington-based WayPay, an automated accounts payables platform for small businesses. The acquisition price was not disclosed.
NiYO will use the freshly raised capital to accelerate the development and rollout of new product offerings and to expand distribution and marketing.
The Digital Finance Institute has released its top 50 women in FinTech for 2019, a curated list of 50 women disrupting financial services through technology in Canada.
This new-age approach to cryptocurrency protection has attracted a $40 million Series B for Anchorage, led by Blockchain Capital and joined by Visa and Andreessen Horowitz.
China has been at the forefront of FinTech growth and is the largest FinTech market in the world.
German FinTech giant N26 has launched its services in the US, making it the second major European digital bank to cross the pond.
Ryerson University’s technology accelerator, the DMZ, is extending its partnership with the Bank of Montreal through the launch of the DMZ Small Business Banking Challenge.
Founded by Sergio Furio in 2012, the company started as an originator of loans to Brazilian customers who were willing to offer up collateral in exchange for lower interest rates on their debt.