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3iQ’s Bitcoin Fund raises $75 million in treasury offering (BETAKIT)
The Bitcoin Fund, Canada’s first regulated bitcoin investment fund in 2019 created by 3iQ, has raised $75.5 million CAD in a treasury offering.
Pivoting for Greater Success with 7shifts Founder Jordan Boesch
Not many startups would have the nerve to walk away from two-thirds of their customers. But 7shifts founder Jordan Boesch realized the secret to greater success is focusing on who you’re solving a pain point for.
On the #CIBCInnovationEconomy podcast series, we learn how he turned a chaotic restaurant scheduling system of Post-It Notes and white-out into one of the most successful human resources software systems in the world.
‘Tokenized’: Inside Black workers’ struggles at the king of crypto startups (NEW YORK TIMES)
Coinbase, the most valuable U.S. cryptocurrency company, has faced many internal complaints about discriminatory treatment.
Wealthsimple rolls out first feature of Cash product to select customers (BETAKIT)
Although Wealthsimple Cash is widely available for download, the features of the app are currently available by invite-only.
Bitcoin at $100,000 in 2021? Outrageous to some, a no-brainer for backers (REUTERS)
Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year.
BC venture deal volume dropped to new low in Q3, but total funding shows a healthy ecosystem (BETAKIT)
Startups in the BC region raised a total of $287 million over Q3 2020, a 26 percent decrease from the previous quarter.
Visa-backed Marqeta targets $10 billion valuation in 2021 IPO (BLOOMBERG)
Marqeta, a payments startup backed by Goldman Sachs Group Inc. and Visa Inc., hired underwriters for a planned 2021 initial public offering, according to people with knowledge of the matter.
Toronto venture funding in Q3 rebounds following disappointing first half of 2020 (BETAKIT)
The GTA, which lagged behind several ecosystems and failed to contribute much to Canada’s record funding Q2 2020, showed signs of a rebound in Q3 2020.
Inside one of Europe’s most profitable — and secretive — FinTechs (SIFTED)
This is the untold story of Lendable, its money-making machine, the ascent of its millennial founders, and what comes next.
Expensify CEO David Barrett on why startup founders should ignore the ‘experts’ (BETAKIT)
Expensify CEO David Barrett explained why he ignored experts to build his company for profit, not venture capital growth, on the #CIBCInnovationEconomy podcast.
Mobile banking app Current raises $131M Series C, tops 2 million members (TECHCRUNCH)
The additional financing brings Current to over $180 million in total funding to date, and gives the company a valuation of $750 million.