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It’s the first investment for Luge Capital, which launched in early June with $75 million.
Synchrony will now be the exclusive issuer of the PayPal Credit online consumer financing program in the US through 2028.
MakerDAO – the company behind the stablecoin DAI – said its stablecoin is now being tested with the Tradeshift Cash solution in a bid to tokenize unpaid invoices of small businesses.
Temenos Marketplace is a web-based application that allows users to manage business applications on a single site.
The round was led by existing investors Tencent, the $500 billion Chinese internet giant, and Sequoia China.
The bank has invested in several FinTechs, including Montreal-based Flinks and Toronto-based Nest Wealth.
Sixty percent of the company’s customers do not have access to credit.
ThetaRay secures $30 million investment (FINEXTRA)
Investors in the round included Jerusalem Venture Partners, GE, Bank Hapoalim, OurCrowd, SVB and others.
In May, the OSC issued a warning against firms that it said are not registered to provide advice on investing in securities in Ontario.