F|T: The FinTech Times – Float has got a Tiger Global’s pace

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Tiger Global the latest suitor of corporate card startup Float in new $37 million CAD Series A (BETAKIT)

Less than four months after closing its seed round, Toronto-based FinTech startup Float has banked $37 million in Series A funding amid sizeable interest in the Canadian market for its no personal guarantee corporate cards and spending management platform.


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Ant-backed payments firm Kakaopay jumps on market debut in Seoul (WALL STREET JOURNAL)

South Korea’s technology industry continues to spawn big public companies, despite concerns that a government crackdown could hurt profits.

Irish FinTech startup Swoop lands in Canada ahead of open banking framework (BETAKIT)

Irish FinTech company Swoop is confident enough in Canada’s commitment to moving ahead with open banking that it has decided to open an office in Toronto.

Chipper Cash gets $2B valuation with $150M extension round led by FTX (TECHCRUNCH)

While new investors also participated, they remain unnamed at the moment. The company’s total Series C stands at $250 million but its total funding to date is over $305 million.

Hubdoc founders ready to help New Zealand’s A2X become as big as Shopify (BETAKIT)

“The complexity of accurately doing that accounting creates a big opportunity for us. I think we’re well-positioned to win the category.”

Back for second cohort, Ryerson Venture Zone in Brampton expands program beyond healthcare into smart mobility (BETAKIT)

Speaking with BetaKit, Usha Srinivasan, the Executive Director of RVZ, explained how the expansion came to be, how RVZ differs from other incubators and accelerators, and what the program looks for in startup applicants.

Mythical raises $150M at $1.25B valuation for playable NFT game platform (VENTUREBEAT)

Mythical Games has raised $150 million at a $1.25 billion valuation to launch its Blankos Block Party open-world multiplayer game as well as its platform to create games with nonfungible tokens (NFTs).

owl.co raises $30 million in Series B to scale insurance claim monitoring solution (BETAKIT)

Launched in 2018, Owl has developed an AI-enabled end-to-end encrypted platform that helps banks and insurance companies handle critical processes around customer data collection.

Crypto’s explosive growth is fuelling shadow banking. Watchdogs let the chaos fester (THE GLOBE AND MAIL)

Bitcoin was just the beginning, and with each passing week the murky world of cryptocurrencies has continued to explode in popularity. For many investors, the fear of missing out is now very visceral.

Why Trulioo’s Steve Munford thinks “we don’t need more unicorns” (BETAKIT)

Speaking with BetaKit ahead of his talk at SAAS NORTH, Steve Munford shared what he thinks is the right approach to growth for Canadian tech founders.

CoinSmart begins trading on Neo Exchange following regulatory exemption for crypto platform (BETAKIT)

After recently being exempted by regulators to operate as a restricted dealer under securities laws, Toronto-based cryptocurrency exchange CoinSmart has begun trading on the Neo Exchange.

Stripe acquisition leads European FinTech’s gold rush into India (SIFTED)

India could be a lucrative market for European FinTechs but its homegrown talent won’t go down without a fight.

Fluence acquires XLCubed to build an expansive finance reporting platform (BETAKIT)

After raising $12.5 million CAD in Series A financing and swapping CEOs in May, Toronto FinTech software startup Fluence Technologies has acquired United Kingdom-based XLCubed, expanding its customer base from less than 50 to over 750.

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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