F|T: The FinTech Times – What’s leading FinTech funding?

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BROUGHT TO YOU BY SAGE INTACCT:


Canadian startup Boss Insights helping American small businesses navigate PPP loans (BETAKIT)

Boss Insights has repurposed its existing software to launch a new platform that helps lenders and borrowers navigate a US loan program.


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Providing card services to FinTech companies around the world gives Marqeta a $4.3 billion valuation (TECHCRUNCH)

The company, while still unprofitable, is a darling of the financial services sector and only last year reached a $2 billion valuation on the back of a $260 million round of financing.


B2B payments, financing lead week’s FinTech funding (PYMNTS)

The B2B FinTech startup community continues to wade through market disruption with a relatively strong show of support from venture capitalists, despite an overall decline in VC funding across verticals.


Cinchy secures $10 million, looks to expand data network into healthcare amid COVID-19 (BETAKIT)

Toronto-based startup Cinchy has closed a $10 million CAD Series A funding round.


‘Passwordless login’ startup Magic raises $4M from Naval Ravikant, Placeholder (COINDESK)

“Magic points the way towards a world in which user identity and authentication is decentralized and not subject to control by the tech giants,” Ravikant said in a press statement.


FinTech regulations in Latin America could fuel growth or freeze out startups (TECHCRUNCH)

It may have entered the game later than other leading regions such as Europe and North America, but Latin America’s FinTech industry is dynamic and growing fast.


Koho partnering with Hyr to offer early access to paycheques and government support (BETAKIT)

FinTech startup Koho is partnering with Hyr, which provides in-app staffing solutions to employers, to give Hyr users early access to payments at no cost.


FinTech startup Aspiration raises $135 million in funding (BIZJOURNALS)

Financial technology startup Aspiration has raised $135 million in financing to help it expand its gospel of socially and environmentally conscious investing.


German FinTech startup TIS raises $20 million to bolster its B2B cloud platform for payment transactions (TECH.EU)

The company says it plans to use the capital to accelerate product development and to scale its operations in Europe and in the US.


CRA extends tax filing deadlines for corporations and trusts to September 1 (BETAKIT)

The Canada Revenue Agency has extended some of the tax filing deadlines for corporations and trusts to September 1 due to the COVID-19 pandemic.


Vesta raises $125 million to fight payment fraud with AI (VENTUREBEAT)

Payment fraud is pervasive — in 2018, $24.26 billion was lost due to credit card fraud worldwide, reports Shift Processing.


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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.