F|T: The FinTech Times – What’s in your digital wallet?

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.

Goldmoney completes $30 million financing deal to fund software development(BETAKIT)

The deal was led by underwriters GMP Securities L.P. and Mackie Research Capital Corporation.

Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company(TECHCRUNCH)

Southeast Asian ride-hailing company Grab said users can now pay for goods and services in shops and restaurants using GrabPay, the company’s mobile wallet.

FinTech startup TransferWise raises a massive $280M in funding(SILICON ANGLE)

The Series E round is led by asset management firm Old Mutual Global Investors and Silicon Valley VC firm IVP.

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Remitly is raising up to $115M led by Naspers’ PayU to double down on remittances(TECHCRUNCH)

Remitly allows people in the US, UK, and Canada send money electronically to friends and family in developing countries.

Finn.ai raises $3 million following ABT (BETAKIT)

Finn.ai, an AI-powered assistant used for banking and personal finance, raised the funds from Yaletown Partners, Seattle-based Flying Fish Partners, and John Livingston, former CEO and Chairman of Absolute Software (ABT).

Wells Fargo to launch PFM-based mobile-only account(FINEXTRA)

Wells Fargo’s AI-based budgeting and savings app operates across two distinct accounts: one for weekly spending tied to a dedicated debit card, and one account reserved for savings and bills.

Amazon just bought three domain names related to cryptocurrency(CNBC)

Amazon registered three domains related to cryptocurrency, sparking speculation that the ecommerce giant could be preparing to move into the cryptocurrency space.

Startup Jobs Spotlight: Financeit is hiring(BETAKIT)

Financeit is currently hiring in several areas, including Sales, Tech, Marketing, Operations, Finance, and Risk.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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