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 Group Ventures secures $20 million for Fund II to invest in Canadian, Israeli tech startups (BETAKIT)
In an exclusive interview with BetaKit, Balass and Carr spoke about the firm’s first fund, investment strategy, and what TGV hopes to accomplish through Fund II.
DevEngine helps Canadian companies find, hire, manage, and retain talented software engineers in Latin America, for both remote and on-site roles.
DevEngine manages the process end-to-end and gives you an opportunity to tap into a completely new Latin American talent pool in a convenient time zone, where you can hire solid engineers with good communication skills, and at a 30-40% discount to your local market rate.
We provide pre-vetted individual developers or entire teams. If you ever want to move some of the new key engineers to Canada–go for it, we will manage the entire process.
Attorneys said efforts to locate Satish Kumbhani could remain unfruitful.
Canadian venture capital (VC) investment hit an astounding mark this past year, increasing 215 percent from 2020. VC investment in 2021 hit $14.2 billion, following a trend of record years for venture investment that blew all past years out of the water.
The fervor surrounding opportunities in the crypto space has seemed to upend the venture world over the past couple of years, with major players shaking up how their firms are fundamentally organized in order to compete with so-called crypto-native investment firms.
QuestMortgage is a direct-to-client mortgage service provided by Community Trust Company, which Questrade acquired in 2019.
“Now is a pivotal point in Bitcoin’s evolution — we’re on the verge of mass adoption, and I think that I can make it happen faster,” said Samson Mow.
PwC’s Andrew Popliger examines Buy Now, Pay Later’s digital adoption and shares tips for startups to ensure their BNPL experience is future-proof.
Zip to buy Sezzle as pressures weigh on BNPL sector (CRUNCHBASE)
The proposed acquisition is the latest in the buy now, pay later space, which is showing signs of maturation after investors poured billions of dollars into funding companies that offer such services.
The provincial government’s investment was made through Impulsion PME, a $50 million budget managed by Investissement Québec.
N26′s stock market debut could take place as early as 2024, though the firm is in no rush to list.
Eigenspace co-founder Jesse Rodgers emphasizes the need for founders to talk about mental health, and shares tips on where to get support.
“Joseph Lubin is the majority shareholder of both companies. The transaction was to the detriment of the minority shareholders of CAG and to the benefit of Joseph Lubin personally,” the group alleged.
In an interview with BetaKit, Tavares said he sees an opportunity to offer something better than existing “upload and pray” solutions, many of which rely heavily on manual entry and back-and-forth communication to standardize customer data.
Payhawk becomes a unicorn as it extends its Series B (TECHCRUNCH)
Lightspeed Venture Partners is leading the new $100 million investment. Sprints Capital, Endeavor Catalyst, HubSpot Ventures and Jigsaw VC are also participating in the round. All existing investors are putting more money on the table as well.