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On Thursday, April 9, banks officially opened up applications for the $40,000 interest-free loan program introduced as a way to support small businesses.
So many FinTech eggs in so many baskets(TECHCRUNCH)
Most of us know about Clearbanc’s revenue-based financing model; this is a twist. But it’s good to see companies work to adapt their products to help other startups survive.
Banking services provider Sila has raised $7.7 million to build out features for a platform that allows entrepreneurs to easily launch programmable, USD-pegged stablecoins.
Yapily works ‘behind the scenes’ helping companies meet rising customer expectations in banking, lending, payments, accounting and money management.
BDC launches matching investment program for Canadian VC-backed companies affected by COVID-19(BETAKIT)
A letter shared by the CVCA says BDC Capital has launched the Bridge Financing Program meant to support venture-backed companies with matching investments.
FinTech startups were hot news before the COVID-19 era, but the pandemic hasn’t bumped the sector out of the headlines.
Personal finance platform SoFi announced that it has acquired Galileo, a technology company that powers a range of financial upstarts including Robinhood, Revolut, and Chime.
Neat raises $11M in Series A funding(FINSMES)
Neat, a Hong Kong-based FinTech company offering modern financial solutions to SMEs and startups, raised $ 11m in Series A funding.
The Canadian Advanced Technology Alliance submitted a funding proposal to the federal government to preserve tech jobs and companies during COVID-19.
Interac sees digital and contactless payment rush as consumers hunker down during coronavirus pandemic(BETAKIT)
There were 51.9 million e-transfers sent through Interac in March, the first time the 50-million mark has been crossed in a month.