F|T: The FinTech Times – Total collapse

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.


BROUGHT TO YOU BY SAGE INTACCT:


Calgary FinTech startup Helcim develops own payment infrastructure, following in footsteps of Stripe, Square (BETAKIT)

Calgary-based FinTech startup Helcim has relaunched with a new offering that aims to allow businesses to easily accept payments.


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Bruce Croxon and Vidyard CFO Matt Hodgson share tips for building resilient SaaS startups

Sage Intacct hosted a webinar with Bruce Croxon and Matt Hodgson to explain what SaaS founders can do to build resilience into their organizational models.


Banking platform solarisBank raises $67.5 million at $360 million valuation (TECHCRUNCH)

Despite the Wirecard fallout, German FinTech startup solarisBank has raised a Series C funding round of $67.5 million (€60 million).


Your Wirecard e-cash was safe until it wasn’t (BLOOMBERG)

The aftershocks of the German FinTech firm’s collapse reach the U.K., with chilling results.


FundThrough commits $10 million to help small businesses after federal government rejects FinTech COVID-19 relief proposals (BETAKIT)

FinTech startup FundThrough is looking to tap into its own capital reserves to provide relief to small businesses during the COVID-19 pandemic.


Société Générale is acquiring freelancer challenger bank Shine (TECHCRUNCH)

According to a source, Shine is getting acquired for around €100 million in an all-cash deal (around $112.6 million).


Financeit, BC government launch low-interest home energy financing program (BETAKIT)

Financeit has partnered with the Government of British Columbia to help BC residents switch from fossil fuel heating systems to energy-efficient heat pumps.


Hyderabad-based blockchain startup ChitMonks raises $650K from Unicorn India Ventures & more (INC42)

ChitMonks will be using the fund to enhance its product, scale its business and hire new talent.


Federal government extends commercial rent relief program through July (BETAKIT)

The federal government has extended the Canada Emergency Commercial Rent Assistance (CECRA) program by one month.


Personal Capital sells to Empower Retirement in deal worth up to $1B (TECHCRUNCH)

The deal is worth $825 million upon closing, with another $175 million in what are described as “planned growth” incentives, according to a release.


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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.