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Nesto secures $76 million to scale digital mortgage solution (BETAKIT)
Nesto’s Series B financing comes just over a year after it secured a $11.5 million CAD Series A round, which was led by Diagram and Investissement Québec.
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FinTech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US (TECHCRUNCH)
Rumors swirled in recent weeks that Klarna had raised more money at a valuation north of $40 billion. But the Swedish buy now, pay later behemoth and upstart bank declined to comment until now.
Diagram doubles size of Opportunity Fund with final $60 million close (BETAKIT)
Montréal-based venture builder and investor Diagram Ventures has secured an additional $60 million CAD in the final close for its Opportunity Fund, as it looks to reinvest in its stars.
FinTech all-star Nubank raises a $750M mega round (TECHCRUNCH)
The extension funding was led by Berkshire Hathaway, which put in $500 million, and a number of other investors.
Shopify, Affirm open access to buy now, pay later service for US merchants (BETAKIT)
Prior to this official launch, 12,500 merchants had early access to the Shop Pay Installments function. Now, the two tech giants are opening the product up across the United States.
Card issuer Marqeta valued at more than $17B in Nasdaq debut (CRUNCHBASE)
Marqeta now has a market value of $17.3 billion, according to Yahoo, which is based on 586 million of outstanding shares.
Ledger raises $380 million for its crypto hardware wallet (TECHCRUNCH)
Overall, Ledger has sold over 3 million hardware wallets. Every month, 1.5 million people use Ledger Live, the company’s software solution to manage your crypto assets.
Carter Griffin on why the best SaaS companies are obsessive about churn (BETAKIT)
In an interview for the #CIBCInnovationEconomy podcast series, Carter Griffin, General Partner at Updata Partners, shared the metrics he really cares about as an investor.
Mark Cuban-backed banking app Dave going public via $4 billion SPAC (CNBC)
The company has attracted institutional investors including Tiger Global who now value the FinTech startup at $4 billion, more than triple its last reported private valuation.
CIBC Innovation Banking looks to fuel Canadian tech rocketship as ecosystem soars (BETAKIT)
Two Canadian tech startups recently backed by CIBC Innovation Banking include PitchPoint Solutions and Vena Solutions.
Crypto startup Solana raises $314 million to develop faster blockchain (WALL STREET JOURNAL)
In a nod to the engineering roots of Solana’s founders, the precise amount raised in the funding round was $314,159,265.359—the mathematical constant pi multiplied by $100 million.
AQC Capital secures $64 million for second tech startup investment fund (BETAKIT)
Through the fund, AQC and its backers aim to support the development of innovative Québec startups and help accelerate their international growth ambitions.
Pipeline investigation upends idea that bitcoin is untraceable (NEW YORK TIMES)
The F.B.I.’s recovery of Bitcoins paid in the Colonial Pipeline ransomware attack showed cryptocurrencies are not as hard to track as it might seem.