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The round was led by Impression Ventures, with participation from 500 Startups, Robo Ventures, and iGan partners.
“A step forward for Ontario as financial literacy, entrepreneurship and digital literacy to be included in Ontario curriculum.”
– Miro Pavletic, CEO and co-founder of STACK
First Block Capital has been granted registration as an investment fund manager and an exempt market dealer to operate a bitcoin investment fund.
Lendingkart, which raised the funds from Sistema Asia Fund, will use the newly-raised financing to increase its loan book and strengthen its technology and analytics capabilities.
The robo-advisor, SpeciFi, will provide customized investment guidance and portfolio management.
The license means that Square will be able to offer loans on its own without relying on a partner bank to issue them.
According to Monito’s study, based on more than 100,000 pricing data points, UK residents are paying more than four times more money in fees and hidden exchange rate margins than they would if they were to use the cheapest money transfer option available to them.
UK’s Transferwise, Revolut and World Remit are among the country’s innovative financial technology companies with long-term ambitions of going public, signalling the burgeoning industry’s confidence.
Kik’s Ted Livingston said a lack of direction from the Ontario Securities Commission was the reason behind the decision.
Habito said the new capital will in part be used to integrate its technology with major retail banks and high street lenders to facilitate “real-time mortgage approvals.”