F|T: The FinTech Times – BitConnect founder goes bye-bye

Plus: Questrade launches online mortgage service QuestMortgage.

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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.


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BitConnect founder indicted in $2.4B Ponzi scheme has disappeared (COINDESK)

Attorneys said efforts to locate Satish Kumbhani could remain unfruitful.

Canadian venture capital investment hits all-time high of $14.2 billion in 2021 (BETAKIT)

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.

Electric Capital closes $1 billion in funds to back crypto startups, buy tokens (TECHCRUNCH)

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.

Questrade launches online mortgage service QuestMortgage (BETAKIT)

QuestMortgage is a direct-to-client mortgage service provided by Community Trust Company, which Questrade acquired in 2019.

Samson Mow leaves Blockstream, plans to focus on ‘nation-state Bitcoin adoption’ (COINTELEGRAPH)

“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.

Five tips for startups exploring buy now, pay later (BETAKIT)

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.

Walo secures $1.1 million to teach kids financial literacy (BETAKIT)

The provincial government’s investment was made through Impulsion PME, a $50 million budget managed by Investissement Québec.

Peter Thiel-backed digital bank N26 plans to be IPO-ready by end of 2022 (CNBC)

N26′s stock market debut could take place as early as 2024, though the firm is in no rush to list.

We need to keep talking about founder mental health (BETAKIT)

Eigenspace co-founder Jesse Rodgers emphasizes the need for founders to talk about mental health, and shares tips on where to get support.

Former ConsenSys employees file for audit claiming ‘serious irregularities’ (COINTELEGRAPH)

“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.

Epoch Integration co-founders secure funding to simplify tax prep with Blackspark (BETAKIT)

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.

Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache.

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