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Coinsquare makes changes to business, tech as it faces increasing competitive pressures (BETAKIT)
Following a recent settlement with the OSC, Coinsquare is undergoing a major overhaul to its business and tech as it faces new competitive pressures.
Why San Francisco-based VC Hustle Fund Is Betting Big on Canada
“At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund these companies, and excited to partner with Hockeystick to identify these opportunities!” – Eric Bahn (General Partner)
Since launch, Hockeystick has made over 6000 funder recommendations to Canadian startups. Learn how startups are using technology to meet funders around the world.
SoFi plans for more mergers after going public through SPAC (BLOOMBERG)
Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion.
Here’s Intuit’s plan to get Mint back on track after years of neglect (FAST COMPANY)
The once-great financial-planning app is adding new insights, subscription tracking, and motivational features—starting with the iPhone version.
Affirm pegs potential IPO range at $33 to $38, implying valuation as high as $9 billion (FORBES)
Affirm, the San Francisco buy-now, pay-later startup led by PayPal cofounder Max Levchin, has priced its IPO in the range of $33 to $38 per share, implying a valuation of $8 billion to $9.2 billion.
Trump bans Alipay and 7 other Chinese apps (NEW YORK TIMES)
The White House took a surprise parting shot at China on Tuesday by banning the popular Chinese payment service and other applications.
Apollo closes $13.5 million in Series A funding round (BETAKIT)
Vancouver-based insurtech startup Apollo Insurance Solutions has closed a $13.5 million CAD Series A funding round.
German FinTech N26 eyes more fundraising before IPO in 2023 – CEO (REUTERS)
“If we list on the stock exhange in three years that would be fast,” Valentin Stalf told Reuters, adding that conditions for raising cash from private investors remained attractive.
Inside India’s digital gold rush (REST OF WORLD)
When COVID-19 cratered the country’s economy, Indians turned to digital gold loans for easy cash.
Bitcoin’s wild rally — and a fear of missing out — has retail investors flocking to crypto (CNBC)
Bitcoin’s record-breaking rally has led to a surge in retail investment interest in the cryptocurrency market.
How FinTech startups are disrupting the payday lending model (PROTOCOL)
The pandemic has brought economic uncertainty for millions, and some FinTechs claim they are increasing access to wages without exploiting consumers.