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Flinks closes $1.75 million from National Bank, Luge Capital
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
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
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
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
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
Sixty percent of the company’s customers do not have access to credit.
ThetaRay secures $30 million investment
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
In May, the OSC issued a warning against firms that it said are not registered to provide advice on investing in securities in Ontario.
