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Flinks closes $1.75 million from National Bank, Luge Capital (BETAKIT)
It’s the first investment for Luge Capital, which launched in early June with $75 million.
PayPal sells its consumer credit portfolio to Synchrony for $7 billion
Synchrony will now be the exclusive issuer of the PayPal Credit online consumer financing program in the US through 2028.
Tradeshift pilot Stablecoin to speed up business payments (COINDESK)
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.
Finn AI launches on the Temenos Marketplace (BETAKIT)
Temenos Marketplace is a web-based application that allows users to manage business applications on a single site.
Airwallex raises $80M for its international payment service for businesses (TECHCRUNCH)
The round was led by existing investors Tencent, the $500 billion Chinese internet giant, and Sequoia China.
National Bank launches mobile POS powered by Montreal FinTech Mobeewave (BETAKIT)
The bank has invested in several FinTechs, including Montreal-based Flinks and Toronto-based Nest Wealth.
Flipkart seeking NBFC license; Soon to venture into FinTech space (ENTREPRENEUR)
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.
OSC study: Lack of cryptocurrency knowledge putting Ontarians at risk (BETAKIT)
In May, the OSC issued a warning against firms that it said are not registered to provide advice on investing in securities in Ontario.