F|T: The FinTech Times – Win Canada

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STACK FinTech Times

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

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

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

“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

Middle East and North Africa braces for FinTech boom(FINEXTRA)

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.

SolarisBank raises $28 million to expand its European FinTech platform(VENTURE BEAT)

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.

Scotiabank donates $2 million to UBC for cybersecurity research(BETAKIT)

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

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

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.

What are the barriers to FinTech investment?(FINEXTRA)

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.

The MoneyGram acquisition — Is a bidding war coming soon?(PYMNTS)

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

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

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

India’s largest mobile payments platform launches in Canada(BETAKIT)

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

These are the FinTech segments most likely to grow in 2017(BUSINESS INSIDER)

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.

Poland’s mBank sets up EUR50 million FinTech fund(FINEXTRA)

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.

FinTech firms get chance to apply for banking license(WSJ)

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.

Bangkok bank partners with Nest to introduce FinTech accelerator InnoHub(CROWD FUND INSIDER)

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.

Flexiti Financial named top emerging consumer lending platform at LendIt Awards(BETAKIT)

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

How FinTech is powering the global economy(FORBES)

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.

FinTech startup Canopy raises $20 million during Series B funding round led by Pelion Venture Partners(CROWD FUND INSIDER)

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.

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

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


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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