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.
Wrapbook claims $1 billion valuation with $100 million USD Series B raise (BETAKIT)
Eight months after closing a $27 million USD Series A round, Toronto and New York-based Wrapbook has raised $100 million in Series B financing led by Tiger Global Management to expand the reach of its payroll software for the entertainment industry.
Meet the bank you’ve been searching for.
For nearly 40 years, Silicon Valley Bank has helped many leading innovators get their start. Our community of VCs, investors, and startup experts offers the global expertise entrepreneurs need when growing their business.
Learn more about how SVB can help your business reach the next stage!
Big money apes into blockchain gaming with $725M fundraising for Forte (COINDESK)
Forte will use the funding, which brings its total capital raised this year to more than $900 million, to expand its products and services.
EnPowered reveals $12.75 million in funding to become Stripe of cleantech (BETAKIT)
Kitchener-Waterloo-based startup EnPowered has announced $12.75 million CAD in seed financing to fuel the growth of its newly launched payments platform, which aims to boost the rate of cleantech project adoption.
MFS Africa collects $100M to expand its digital payments gateway across the region (TECHCRUNCH)
Private equity fund AfricInvest FIVE co-led the Series C round with existing investors Goodwell Investments and LUN Partners Group.
HugOps: how to get developer and security teams working together (BETAKIT)
Cybersecurity leaders from Microsoft Canada, GitHub, and Ammolite Analytx join a recent BetaKit Live panel to discuss what’s causing the disconnect between developers and security.
Bitcoin’s biggest upgrade in four years just happened – here’s what changes (CNBC)
The Taproot update means greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart contracts, which can be used to eliminate middlemen from transactions.
Wealthsimple Crypto launches wallet support (BETAKIT)
A spokesperson for Wealthsimple called this the first step in the company moving from a closed-loop system to one that allows for functionality around external wallets.
$76 billion a day: How Binance became the world’s biggest crypto exchange (WALL STREET JOURNAL)
The trading platform surged by operating from nowhere in particular — without offices, licenses or headquarters. Now governments are insisting on taking some control.
Borrowell co-founder secures seed capital for Savvyy to tackle banking side of digital lending (BETAKIT)
While many FinTech startups, like Borrowell, are focused on the consumer side, Savvyy is taking on the bank side of the mortgage process.
The 10,000 faces that launched an NFT revolution (WIRED)
When two Canadian coders started an online project called CryptoPunks, they had no idea they’d spark a hyped-up, blockchain-fueled cultural juggernaut.
BetaKit Live: Dax Dasilva on making a difference on November 15th (BETAKIT)
On Monday, November 15 at 4:00 pm EST, BetaKit will be joined by Dasilva to discuss how his personal journey has informed his views on social impact and what his experience running one of Canada’s publicly-traded tech giants has taught him about scaling change.
Nuvei and Mogo see revenues rise in Q3 (BETAKIT)
Montréal-based payment processing company Nuvei and Vancouver FinTech firm Mogo saw their revenue increase during the third quarter.
How Ethiopia blundered its transition to mobile money (REST OF WORLD)
Prime Minister Abiy Ahmed made a big bet on its telecomms market playing a key role in opening up its economy but then made a $500 million misstep.
Gradient MSP raises $12.7 million CAD to launch automated billing solution (BETAKIT)
According to the startup, the recent round brings Gradient MSP’s total funding to date to $13.75 million.
