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.
Wealthsimple launches investing solution partnership with HR firm Mercer(BETAKIT)
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.
Revolut opens tech hub in Berlin(TECHCRUNCH)
The company plans to hire 80 people at first for many different tech jobs, from software engineering to data science, product, and growth.
RBC acquires automated accounts payables startup WayPay(BETAKIT)
RBC has acquired Burlington-based WayPay, an automated accounts payables platform for small businesses. The acquisition price was not disclosed.
Neo-banking FinTech startup, NiYO raises $35M in Series B led by Horizons Ventures, Tencent(YOURSTORY)
NiYO will use the freshly raised capital to accelerate the development and rollout of new product offerings and to expand distribution and marketing.
Digital Finance Institute names Canada’s top 50 women in FinTech for 2019(BETAKIT)
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.
Visa funds $40M for no-password crypto vault Anchorage(TECHCRUNCH)
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.
FinTech in China: What Lies Ahead?(KNOWLEDGE AT WHARTON)
China has been at the forefront of FinTech growth and is the largest FinTech market in the world.
German FinTech challenger bank N26 launches in the US(CITYAM)
German FinTech giant N26 has launched its services in the US, making it the second major European digital bank to cross the pond.
BMO, DMZ to launch Small Business Banking Challenge in October(BETAKIT)
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.
FinTech in Latin America continues to draw big dollars as SoftBank invests $231 million in Creditas(TECHCRUNCH)
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.