F|T: The FinTech Times – Visa looks good in Plaid

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.


Canadian securities regulator publishes additional guidelines for trading crypto assets

The Canadian Securities Administrators published a set of guidelines on Thursday to help organizations determine when securities regulation applies to crypto.


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TechCrunch

Mobile payment app Lydia raises $45 million round led by Tencent

Tencent is leading the round with existing investors CNP Assurances, XAnge, and New Alpha also participating.


Visa set to buy Plaid, the FinTech that powers apps like Betterment and Venmo, for $5.3 billion

Plaid raised $250 million in a Series C in December 2018, which Visa participated in, at a reported valuation of $2.65 billion.


Flinks hires new CRO as company preps for growth

Montreal-based Flinks has announced that Clayton Feick will be its new chief revenue officer as the financial data product startup prepares for growth stage.


Charlotte’s AvidXchange raises $260M in TPG-led Series F for accounts payable platform

The company is already valued at over $1 billion but it would not disclose at which valuation this round was raised.


How FinTech is transforming microfinance

FinTech is gradually making its way to revolutionise microfinance. It will be a success but it is important to know what changes will it bring with the revolution.


Lawmakers call for investigation of FinTech firm Yodlee’s data selling

Financial-data firm Yodlee might be selling consumers’ personal financial data without proper consent, three lawmakers said in a Friday letter calling on the Federal Trade Commission to investigate the matter.


Lendesk launches app following acquisition, integration of LenderSpotlight

Vancouver-based Lendesk has launched a mobile application aimed to provide mortgage industry professionals with access to rate and policy information.


TechCrunch

Insurify raises $23M Series A to add new coverage varietals, boost its marketing efforts

The startup, which had accepted just $6.6 million over two rounds before its latest investment, has raised $23 million in a Series A led by MTECH Capital and VIOLA FinTech.


FinTech startup aims to create new asset class with ‘continuous’ ICO model

A newly launched FinTech firm hopes to leverage the token sale model to back investments in real-world assets. But it’s taking a different approach than many previous projects.


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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.