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Following a recent settlement with the OSC, Coinsquare is undergoing a major overhaul to its business and tech as it faces new competitive pressures.
“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.
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.
The once-great financial-planning app is adding new insights, subscription tracking, and motivational features—starting with the iPhone version.
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.
Vancouver-based insurtech startup Apollo Insurance Solutions has closed a $13.5 million CAD Series A funding round.
“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 record-breaking rally has led to a surge in retail investment interest in the cryptocurrency market.
The pandemic has brought economic uncertainty for millions, and some FinTechs claim they are increasing access to wages without exploiting consumers.