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Wealthsimple launches cryptocurrency platform (BETAKIT)
Toronto-based FinTech startup Wealthsimple has launched its cryptocurrency platform, which provides commission-free trading of Bitcoin and Ethereum.
Atlanta gets a billion-dollar startup business as Greenlight’s family-focused FinTech nabs $215 million (TECHCRUNCH)
Greenlight Financial Technology, the FinTech company that pitches parents on kid-friendly bank accounts, has raised $215 million in a new round of funding.
Nuvei closes initial public offering at $833 million USD (BETAKIT)
Nuvei has reportedly closed its initial public offering (IPO) through the Toronto Stock Exchange (TSX) at $833 million USD.
$5 billion FinTech firm TransferWise posts fourth straight year of profitability (CNBC)
TransferWise said its net profit more than doubled to £21.3 million ($27.1 million) in the fiscal year ending March 2020.
SkipTheDishes co-founders look to shake up banking as Neo Financial hits the market (BETAKIT)
Neo Financial, the new Canadian FinTech startup focused on challenging the status quo in banking, has begun rolling out its services in Western Canada.
Is Klarna worth $11bn? (SIFTED)
Within hours of Klarna announcing its $10.65bn valuation, investors rushed to defend its new crown as the 4th most highly-valued private FinTech in the world.
Symend, Drop, ApplyBoard named among LinkedIn’s top startups to work for in 2020 (BETAKIT)
The 2020 list highlights startups that have been able to show resilience in navigating the COVID-19 pandemic.
CEO of cyber fraud startup NS8 arrested for defrauding investors in $123m scheme (ZDNET)
Irony aside, the former executive allegedly secured millions from investors based on fake financial statements.
BC venture funding keeps pace in Q2 2020 as deal volume continues downward trend (BETAKIT)
Tech companies in British Columbia continued to see consistent venture funding in the second quarter of 2020, despite another drop in deal volume.
Robinhood raises $460M one month after raising $200M (PYMNTS)
The new funding is an outcropping of the Series G round unveiled in August for the firm, which is said to have helped millennials become interested in trading.