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Angela Strange, partner at Andreessen Horowitz, and Quora CEO Adam D’Angelo are among the new investors.
STACK RECOMMENDS: Canada shouldn’t shy away from FinTech – it’s our opportunity to shine(THE GLOBE AND MAIL)
“Enablers or disruptors, challengers or incumbents, FinTechs are driving progress in Canada.”
– Miro Pavletic, CEO and co-founder of STACK
Ferst Capital Partners has built a map of Canadian FinTech.
TNG, which enables global money transfers, P2P transfers, cash withdrawal and bill payments, raised the funds from New Margin Capital, Nogle Group, and others.
Flux, a rewards and receipt platform, will now be available for all Starling Bank customers. The company’s round saw participation from Anthemis, Force over Mass, Yarrow Capital, and other investors.
French startup Linxo raised the funding from three financial institutions including Crédit Agricole, Crédit Mutuel Arkéa, and MAIF.
YUP is a mobile money solution for accessing a full range of transactional and financial services even without a bank account.
“Prepaid allows us to have the flexibility of using a global payment platform so that Stack works around the world.”
Blackmoon Crypto raises $30 million in ICO to ‘bridge crypto universe and traditional investment market’(VENTUREBEAT)
Overall, 9,500 paid accounts contributed to the campaign, the company has indicated.
Nineteen percent of Canadians said they rarely carry cash at all.
Industry experts say that over the coming years, blockchain could be used to control identity information in a more secure fashion.