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.
The all-cash deal will see Quadient acquire a 96 percent stake in Beanworks.
BetaKit wants to elevate the current state of Canadian tech journalism. To do that, we need your support.
The most significant way to support BetaKit is through a monthly recurring or annual contribution via our newly-launched Patreon. The BetaKit Patreon features support tiers and benefits for both individual and organizational supporters.
BetaKit is committed to in-depth reporting on Canadian tech, innovation, and our startup ecosystem. Your support will go directly towards increasing our ability to bring you the news you care about most by expanding our coverage and capabilities.
With your support, BetaKit can remain fiercely independent and freely accessible.
Coinbase users say crypto startup ignored their pleas for help (NEW YORK TIMES)
As Coinbase prepares to be the first major cryptocurrency company to go public, it is struggling with basic customer service, users said.
How can Canadian tech support & enable more entrepreneurs in Canada? What are the tools & mechanisms required? Join Harley Finkelstein (Shopify), Douglas Soltys (BetaKit), and Andrew D’Souza and Michele Romanow (Clearbanc) for a Clubhouse Chat on how to build a network of bottom-up over top-down support!
Trading app Robinhood says it filed confidentially for IPO (BNN BLOOMBERG)
Robinhood Markets Inc. said it filed confidentially for an initial public offering, in what will be a highly anticipated listing among investors — including the trading app’s own customers.
Toronto-based startup Payfare closed its initial public offering on the Toronto Stock Exchange (TSX) Friday, pulling in $65.4 million CAD.
London-based financial technology startup Revolut said on Monday it had completed the first step to apply for a U.S. banking licence, and is launching its services for businesses across 50 states.
Following the completion of the deal, Mogo plans to expand its MogoWealth product offering by introducing commission-free stock trading.
The startup lets small businesses outsource administrative tasks like payroll and taxes, and saw a surge in demand during the pandemic.
Applications for the four-month program are now open, and set to close on May 23.
“I have to pull out everything”: India’s cryptocurrency community braces for a sweeping ban (REST OF WORLD)
A proposed bill would be the harshest ban in the world.