F|T: The FinTech Times – Vanishing act

Welcome to the FinTech Times, a play newsletter covering the biggest FinTech quality from astir the globe. If you privation to work F|T earlier anyone else, marque definite to subscribe utilizing the signifier astatine the bottommost of this page.

Two nonprofit FinTech programs articulation forces arsenic Fintech Cadence acquires Innovate Financial Health (BETAKIT)

Innovate Financial Health, a nonprofit that aims to enactment exertion that improves fiscal health, has been acquired by Montreal-based Fintech Cadence.

Why San Francisco-based VC Hustle Fund Is Betting Big connected Canada

“At Hustle Fund, we’re convinced that Canada is positioned good to nutrient immoderate of the largest, category-defining companies connected the planet. We’re anxious to money these companies, and excited to spouse with Hockeystick to place these opportunities!” – Eric Bahn (General Partner)

Since launch, Hockeystick has made implicit 6000 funder recommendations to Canadian startups. Learn however startups are utilizing exertion to conscionable funders astir the world.

The unusual lawsuit of Alibaba’s Jack Ma and his three-month vanishing act (THE GUARDIAN)

The ebullient tech tycoon embarrassed China’s leaders and went missing. Now he’s back, but seems acold little outspoken.

Affirm astir doubles successful debut aft $1.2 cardinal IPO (BLOOMBERG)

Affirm Holdings Inc. astir doubled successful its nationalist marketplace debut, the latest multibillion-dollar exertion institution to commencement trading importantly higher than its archetypal nationalist offering price.

Silicon Valley startup Plaid plans European hiring spree contempt Visa woody falling apart (CNBC)

The institution scrapped a woody to merge with Visa aft the U.S. authorities raised antitrust concerns.

Inside Revolut’s bid to go a bank (SIFTED)

The FinTech is good connected its mode to becoming a UK bank, but it’s been acold from a creaseless ride. Can it get there?

Paystone secures $69 cardinal arsenic institution chases acquisitive maturation strategy (BETAKIT)

Paystone, a London, Ont. and Montreal-based startup that offers lawsuit engagement and outgo processing software, has secured a $69 cardinal CAD investment.

Plaid shareholders tract offers astatine $15 cardinal aft merger collapse (THE INFORMATION)

Normally CEOs that opt to merchantability their companies aren’t blessed erstwhile the authorities blocks the woody implicit antitrust concerns. But that doesn’t look to beryllium the lawsuit with Plaid, which besides conscionable launched a caller incubator for early-stage FinTech founders from underrepresented backgrounds.

China plans online outgo rules that whitethorn deed Ant, Tencent (BLOOMBERG)

China projected measures to curb marketplace attraction successful its online outgo market, perchance dealing different stroke to fiscal exertion elephantine Ant Group Co. and its biggest rival Tencent Holdings Ltd.

Crypto startup Ledger fights to repair its reputation (SIFTED)

The precocious bitcoin terms should person been a large infinitesimal for the French cryptocurrency information startup. But instead, it has been grappling with embarrassing information breaches.

TikTok proprietor ByteDance launches payments successful China arsenic it pushes into FinTech and e-commerce (CNBC)

ByteDance has launched a caller outgo services wrong Douyin, the Chinese sister app of TikTok.

Treasury nominee Yellen is looking to curtail usage of cryptocurrency (ARS TECHNICA)

Janet Yellen argues galore cryptocurrencies are utilized “mainly for illicit financing.”

Why Ryerson Venture Zone is gathering a healthtech hub successful Brampton fuelled by aviator programs (BETAKIT)

When Ryerson Venture Zone opened applications for its archetypal healthtech incubator programme successful Brampton, sourcing firm pilots became a cardinal focus.