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The $34 million comes from $9 million in equity funding, and a new $25 million credit facility provided by Intercap.
Grove just raised $8 million to make traditional financial planning affordable to pretty much everyone (TECHCRUNCH)
The funding was led by Defy Ventures, with participation from Tusk Ventures, Bullish, and Winklevoss Capital.
FinTechs are staring down the future of banking (FINANCIAL POST)
A KiWi Private Credit Fund event last week noted that banks have left a pricing gap for mid-range loans, leaving room for some new entities to swoop in.
HyperWallet was founded in Vancouver.h low.
Plum has launched an investment tool that allows users to choose fund investments based on themes, such as ethical companies or technology.
The location is a radical, artist-run basement that has acted as the crucible for the majority of the city’s blockchain companies.
Toss, a payments company that provides a suite of financial services, raised the funding from GIC and Sequoia China.
Peoples Trust Company said its acquisition of Lendful will allow it to make faster decisions in offering borrowers access to capital.
Brex wants to offer startups a way to quickly get what’s effectively a credit card that they can use without having to personally guarantee that card or wade through complex processes to finally get a charge card.
France’s blockchain ambitions get a boost with new accelerator and surprising government support (VENTUREBEAT)
The Chain Accelerator aims to attract blockchain startups from around the world.
“A lot of the best solutions are being built here in Canada, and we need to seek out those solutions and actually implement them.”
Personal finance startup SmartAsset raises $28M (TECHCRUNCH)
The new round comes from Focus Financial Partners, Javelin Venture Partners, TTV Capital, IA Capital, Contour Venture Partners, Citi Ventures, Fabrice Grinda, and others.