F|T: The FinTech Times – Mogo gobbles more

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Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.

Nuvei sees significant revenue growth in Q1 2021 following e-commerce expansion, acquisition efforts (BETAKIT)

The first quarter of 2021 marks the third quarterly earnings report since Nuvei went public on the Toronto Stock Exchange (TSX) in September, raising $833 million.

Mortgage lender Better to go public in SPAC deal (WALL STREET JOURNAL)

Better would raise nearly $800 million in new capital in the deal, with an additional roughly $950 million in proceeds going to cash out existing shareholders.

Three strategies for startups looking for new revenue streams (BETAKIT)

Xero Canada Country Manager Faye Pang shares advice for how startups can find new revenue streams from both new and existing customers.

Mogo to nearly double stake in Coinsquare to 37 percent (BETAKIT)

The two firms have entered an agreement that will see Mogo grow its ownership stake in Coinsquare from almost 20 to 37 percent. Earlier this year, Coinsquare launched its crypto platform, Quick Trade.

Payment tech company Marqeta files for IPO as value tops $16 billion on private markets (CNBC)

The stock has been one of the hottest on the private market, with trades that value the company at $16 billion to $17 billion.

Relay Financial secures $18.2 million CAD to bring financial management solution to more SMBs in US (BETAKIT)

The startup plans to use the funding to add customers, grow its engineering and product teams, and better integrate its platform into the small business back office.

Access to working capital essential to the success of Canadian small businesses (BETAKIT)

American Express Canada VP Paul Roman explains why many Canadian small business owners are still in “survival mode.”

Robinhood’s big gamble (THE NEW YORKER)

In eliminating barriers to investing in the stock market, is the app democratizing finance or encouraging risky behavior?

Wealthsimple launches Shariah-compliant ETF on NEO Exchange (BETAKIT)

The launch of this ETF follows a string of major developments for Wealthsimple, most notably a $750 million fundraise.

Coinbase made $771 million in profit in the first quarter, benefiting from crypto mania. (NEW YORK TIMES)

Coinbase was valued at $85 billion when it went public last month. Now its market capitalization stands at $53 billion.

Over a year after Einstein Exchange closure, Vancouver entrepreneur wins civil suit against founder (BETAKIT)

The founder of now-defunct cryptocurrency firm Einstein Exchange has been ordered by a BC court to pay $535,000 to a man who sold him bitcoin in 2019.

Telkomsel invests an additional $300 million in Gojek (TECHCRUNCH)

The announcement comes amid Gojek working to seal a proposed merger with e-commerce platform Tokopedia.

How Canadian tech is tackling the global problem of food insecurity (BETAKIT)

On the #CIBCInnovationEconomy podcast, Dr. Sylvain Charlebois and Dr. Michael Gilbert talk about food insecurity, and how tech is tackling the challenge.

We found Joe Biden’s secret Venmo. Here’s why that’s a privacy nightmare for everyone. (BUZZFEED NEWS)

The peer-to-peer payments app leaves everyone from ordinary people to the most powerful person in the world exposed.

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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