F|T: The FinTech Times – When growth “at all costs” goes wrong

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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.


Shopify reportedly invests in Stripe, bringing total stake to over $350 million (BETAKIT)

In December, Shopify partnered with Stripe and Evolve Bancorp to power two products within its Shopify Balance small business banking offering, which it first unveiled in May 2020.


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Tiger Global in talks to back BharatPe at $2.5 billion valuation (TECHCRUNCH)

The new round, a Series E, is giving the three-year-old New Delhi-headquartered firm a pre-money valuation of $2.5 billion, sources said, requesting anonymity as the matter is private.


One year after joining RBC, Sid Paquette reveals his plans to disrupt innovation banking with RBCx (BETAKIT)

RBCx claims it differs from competitors through its operational focus, providing the hands-on support often seen at venture firms, in addition to a suite of products and services outside of financing options.


Ottawa FinTech firm Brane Capital unveils plans to go public on TSX Venture Exchange (OTTAWA BUSINESS JOURNAL)

An Ottawa FinTech firm that’s aiming to become Canada’s first qualified custodian for cryptocurrency assets says it plans to go public this fall.


Dfuse rebrands, secures $73.5 million CAD grant to develop blockchain infrastructure project (BETAKIT)

Over the past two years, since raising a $4.5 million CAD seed round, StreamingFast built out its team and focused on developing the indexing technology that Graph became interested in.


Why crime could kill crypto (WALL STREET JOURNAL)

Cryptocurrencies helped enable a cybercrime wave, placing them in the crosshairs of regulators. A new report also points to crypto as funding violent extremists.


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British FinTech firm Wise plans to go public in London via rare direct listing (CNBC)

The company said its stock market debut will be the first direct listing of a tech company in London.


Clearco adds chief growth officer to lead international expansion efforts (BETAKIT)

Bose’s addition to Clearco, as well as Clark’s, are part of a broader hiring spree by Clearco following its Series C funding round earlier this year that gave the company a close to $2 billion USD valuation.


Former Barclays CEO’s FinTech venture raises $187 million with backing from BlackRock and JPMorgan (CNBC)

10x Future Technologies was founded by Antony Jenkins in 2016 following his ousting from Barclays a year earlier.


With third acquisition, holding company PlanetCorp is looking to win big with AI, 5G, blockchain (BETAKIT)

Amid a recent surge in M&A activity in Canada’s tech sector during COVID-19, PlanetCorp’s team sees a path to growth through merging with and acquiring other firms, and working closely with the companies to help them scale.


WorldRemit sees executive exodus as growth “at all costs” takes its toll (SIFTED)

The London FinTech has seen an unusually high turnover of executives over the past year, as it ramps up for a potential exit.


Nesto secures $76 million to scale digital mortgage solution (BETAKIT)

Nesto’s Series B financing comes just over a year after it secured a $11.5 million CAD Series A round, which was led by Diagram and Investissement Québec.


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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.