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Procurify closed a $7 million Series A round, while Zafin announced a $13 million private financing arrangement with Vancouver-based Vistara Capital Partners and Beedie Capital Partners.
The Pulse of FinTech Report, Q3 2016(CBINSIGHTS)
For the second straight quarter, U.S. VC investment in FinTech companies declined in Q3’16.
The company also announced that it has successfully completed its acquisition of Schiff Gold LLC.
Kasey Kaplan is president and co-founder of Urban FT, a retail banking company.
In Canada, cash is king… for now(FINEXTRA)
Payments Canada says that the payments market in Canada grew to 20.9 billion transactions, worth more than $8.9 trillion, in 2015.
The FinTech sector is being shaped by shifting market conditions, new regulations, and changes in consumer demands and behaviours.
LendingTree said the deal has a possible total consideration of $130 million, which consists of $85 million in cash at closing and contingent consideration payments of up to $22.5 million.
Co-chaired by DG Fisma and DG Cconnect, the Task Force brings together services responsible for financial regulation and for the Digital Single Market, along with experts in competition and consumer protection policy.