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Wealthsimple to expand into crypto trading (BETAKIT)
Wealthsimple is set to expand into the cryptocurrency trading space with the launch of Wealthsimple Crypto.
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Jack Ma’s FinTech giant tops 1.3 billion users globally (TECHCRUNCH)
Alipay, the brand of Ant’s consumer finance app, claims to earmark 1.3 billion annual active users as of March.
OSC alleges Coinsquare manipulated market, misled clients about trading volumes (BETAKIT)
The OSC has alleged that crypto trading platform Coinsquare manipulated the market through the reporting of inflated trade volume numbers.
UK digital bank Monzo relaunches premium accounts after original service flopped (CNBC)
Monzo Plus has been relaunched in the U.K. with perks including the ability to earn 1% interest on savings and check your credit score.
Foxquilt raises $3.5 million for B2B insurance tech platform (BETAKIT)
Toronto-based InsurTech startup Foxquilt has raised $3.5 million CAD in seed financing.
Robinhood raises $320 million in latest funding push (BLOOMBERG)
Robinhood Markets Inc. has raised fresh funding as more first-time investors sign onto the app’s simple mobile interface to trade stocks.
Willful raises $800,000 to help grow digital estate planning business (BETAKIT)
Willful, which provides online will and estate planning, has raised $800,000 in seed financing.
Today in funding: Sampler, DivDot, Hardbacon (BETAKIT)
Three Canadian startups have announced fresh funding rounds to fuel their growth. Here’s the latest on who raised.
Canadians becoming less reliant on banks: poll (HUFFINGTON POST)
A new survey from EY suggests Canadians are becoming less dependent upon their banks as the main providers of financial services.
Intuit Canada, Highline Beta launch new financial health-focused accelerator (BETAKIT)
The Intuit Prosperity Accelerator is now accepting applications until September 4.