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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.
Bitcoin exchange Coinbase files for initial public offering (WALL STREET JOURNAL)
The filing positions San Francisco-based Coinbase to be one of the first big IPOs of 2021, in what is expected to be another big year for companies going public.
Alphabet-backed FinTech GoCardless nears $1 billion valuation amid digital payments boom (CNBC)
GoCardless plans to capitalize on an emerging trend in finance called “open banking” and expand into e-commerce.
Borrowell to acquire Refresh Financial (BETAKIT)
Borrowell is set to acquire Refresh Financial, a fellow Canadian company offering financial products that allow customers to access forms of credit.
FDIC eases path for Amazon and Facebook to become lenders (BLOOMBERG)
Amazon.com, Facebook Inc., Walmart Inc. and other corporate giants may soon give Wall Street a run for its money as a key U.S. regulator smooths the path for nonbanks to get into lending.
Neo Financial reveals $50 million total financing as startup expands nationally (BETAKIT)
Neo Financial, the newest Canadian challenger bank startup looking to shake up the financial sector, has announced $50 million CAD.
Robinhood pays $65 million fine to settle charges of misleading customers (NEW YORK TIMES)
Millions of investors have turned to Robinhood in recent years, lured by a sales pitch of no trading fees.
GoDaddy buys payments processor Poynt for $320 million to fill out commerce offering (ZDNET)
The Web hosting firm said Poynt’s technology will let it offer businesses a “complete suite of commerce and payment services”; Poynt CEO Bedier will run a newly created commerce division.
Paypal’s crypto partner Paxos raises $142 million from Carlyle billionaire David Rubenstein and others (FORBES)
The round closed on November 24 and also includes investments from PayPal Ventures and Paxos’ previous investors RRE Ventures and Liberty City Ventures.
Montreal-based FinTech Expertus acquired by IBM (BETAKIT)
Montreal-based FinTech Expertus Technologies has been acquired by IBM as part of a strategy to become an end-to-end digital payment solution provider.
The rise of Japan’s loyalty point influencers (REST OF WORLD)
To attract reluctant consumers, Japanese FinTech companies have used generous rewards programs. Now an unlikely subculture has emerged to take advantage.