F|T: The FinTech Times – Win Canada

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.

Brought to you by:

STACK FinTech Times


BetaKit

With over $1 million already processed, Koho launches publicly to “win Canada” from Big Five banks

Koho believes it can grab major market share from Canadian banks in the next 18 months.


Stack

STACK RECOMMENDS: Digital banking users to reach nearly 3 billion by 2021, representing 1 in 2 global adult population

“Consumers will drive channel demand and as traditional money services go digital, the winners in the space will serve the demand.”

– Miro Pavletic, CEO and co-founder of STACK


Finextra

Middle East and North Africa braces for FinTech boom

A recent report by Payfort and Wamda says the Middle East and North Africa could see a total of 250 FinTech startups launch by the year 2020.


Venture Beat

SolarisBank raises $28 million to expand its European FinTech platform

The round was led by Arvato Financial Solutions, a subsidiary of Bertelsmann Group, and Japanese investor SBI Group, with participation from FinLeap and Hegus and Yabeo Capital.


BetaKit

Scotiabank donates $2 million to UBC for cybersecurity research

The Scotiabank Cybersecurity and Risk Analytics Initiative will support UBC researchers and statistics professors to better understand the impacts of cyberattacks.


CryptoCoinNews

PayPal invests in $48 million Series C of Korean FinTech payments startup

Viva Republica, which provides a peer-to-peer payments app, has closed a $48 million Series C led by PayPal and Silicon Valley firms Goodwater Capital and Bessemer Venture Partners.


Finextra

What are the barriers to FinTech investment?

A report at the end of last year by law firm, Mayer Brown, suggested that financial services firms are keen to make investments, yet they remain cautious due to strict and changing industry regulation.


PMNTS.com

The MoneyGram acquisition — Is a bidding war coming soon?

Euronet has offered to buy money-transfer company MoneyGram for $15.20 per share, trumping Ant Financial’s bid.


Crowdfund Insider

Autobooks, an integrated payment & accounting software company, raises $5 million in venture funding

The funding was led by Draper Triangle Ventures, with participation from strategic investor Michigan Credit Union League.


BetaKit

India’s largest mobile payments platform launches in Canada

Users will now be able to pay for their insurance and property taxes by using the new Paytm Canada app.


Business Insider

These are the FinTech segments most likely to grow in 2017

As the FinTech industry continues to mature, new segments like cloud and core processing solutions, smarter machines, and shifting customer preferences, are taking the lead when it comes to growth.


Finextra

Poland’s mBank sets up EUR50 million FinTech fund

MBank says the fund will seek startups offering services that could be nurtured through an accelerator and initially implemented by the bank for its five million customers in Poland.


WSJ

FinTech firms get chance to apply for banking license

The Office of the Comptroller of the Currency will open its doors to US FinTech firms that are willing to meet some of the rigors of regulated banking, including capital, liquidity, and consumer-protection rules.


Crowdfund Insider

Bangkok bank partners with Nest to introduce FinTech accelerator InnoHub

While applications are being accepted from all FinTech startups, the content and opportunities during the 12-week accelerator will especially benefit companies developing tech for payments, electronic Know Your Customer (eKYC), machine learning, and AI.


BetaKit

Flexiti Financial named top emerging consumer lending platform at LendIt Awards

The company’s POS solution was recognized as having the greatest potential to impact the future of consumer lending.


Forbes

How FinTech is powering the global economy

During a panel discussion at the SXSW conference, entrepreneurs in financial services companies argued they’re helping create a new middle class in the developing world, with tremendous consequences for the global economy.


Crowdfund Insider

FinTech startup Canopy raises $20 million during Series B funding round led by Pelion Venture Partners

New Enterprise Associates, Epic Ventures, and Deep Fork Capital also participated in the round. Canopy, which provides the software tax professionals use to streamline their work, will use the funding to accelerate growth and build additional products.


BetaKit

Wealthsimple’s Mike Katchen says Canadian entrepreneurs need more “naive ambition” to find global success

At TechTO’s recent Best Of TechTO event, Katchen gave tips on how businesses can think big in Canada.



Subscribe to The FinTech Times

* indicates required



Amira Zubairi

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.