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.
FinTech is one of the hottest tech sectors in Canada, and with a new event series, MaRS is looking to capitalize on the interest. (It’s also announced a strategic partnership with the BC Tech Association.)
Today in funding: Financeit(BETAKIT)
Financeit recently announced that former Capital One CFO Ian Hanning would be joining the team.
Grow Financial says next face of FinTech is working with enterprise following Celero partnership(BETAKIT)
Through the partnership, Grow and Celero will offer SaaS solutions to Canadian credit unions.
OpenGamma raises $13.3M(FINEXTRA)
The open source risk management outfit has also promoted COO Peter Rippon to CEO.
Millennials are now the largest generation in the workforce in the U.S., and among the countless ways they shape new trends include ways their businesses work with financial institutions.
Following the Brexit vote in June, there has been a significant drop in venture capital funding in London, prompting some to think that the city could lose its position as the FinTech capital.
Payoneer raises $180M(FINEXTRA)
The investment follows a year of growth for Payoneer, having opened new offices in key markets of India, Japan and the Philippines.
Sending cross-border payments can be a costly, time-consuming affair for companies trying to do business on a global scale. However, businesses may be able to transact internationally in a faster and more efficient way based on recent developments in blockchain.
Where FinTech VCs will place their bets in 2017(AMERICANBANKER)
Funding of FinTech startups will cool in 2017, venture capitalists say, mainly because online lenders — the sector that first drew VCs’ attention — have lost some of their allure.