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FinTech startup Beanworks to be acquired by Quadient for $104 million CAD (BETAKIT)
The all-cash deal will see Quadient acquire a 96 percent stake in Beanworks.
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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.
Enabling Bottom-up Entrepreneurship in Canada (BETAKIT)
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.
Gig economy FinTech startup Payfare closes public offering at $65 million (BETAKIT)
Toronto-based startup Payfare closed its initial public offering on the Toronto Stock Exchange (TSX) Friday, pulling in $65.4 million CAD.
Revolut submits draft application for U.S. bank charter (REUTERS)
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.
Mogo to acquire Moka in $64 million deal as it looks to launch free stock trading (BETAKIT)
Following the completion of the deal, Mogo plans to expand its MogoWealth product offering by introducing commission-free stock trading.
Jeff Bezos-backed accounting startup hits $1.2 billion valuation after new funding round (CNBC)
The startup lets small businesses outsource administrative tasks like payroll and taxes, and saw a surge in demand during the pandemic.
Highline Beta, Station FinTech launch FinTech accelerator in Montréal (BETAKIT)
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.