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Plaid also closed a $250 million USD Series C funding round in December.
Who attends TechExit.io? (TECHEXIT)
Meet some of Canada’s most successful entrepreneurs with a track record of successful exits.
Toronto has the largest FinTech ecosystem in Canada, accounting for about 43 percent of all FinTechs.
Investment platform Ellevest raises $33M from Melinda Gates’ Pivotal Ventures, Valerie Jarrett & PayPal (TECHCRUNCH)
Ellevest also recently launched a new product, Ellevest Private Wealth Management, designed for high-net-worth clients, which now has $100 million in assets under management.
The company helps venture capitalists, as well as startup employees and other stakeholders, track and manage the shares that they own. It also helps companies manage other aspects of their stock, such as fair-market valuations and secondary sales.
Hong Kong-based FinTech startup Qupital raises $15M Series A to expand in mainland China (TECHCRUNCH)
CreditEase, which provides loans and other financial services for SMEs in China, will act as a strategic investor, aiding with Qupital’s geographic expansion.
“Think about how Amazon brings together the buying journey for different suppliers and makes it really simple for us to buy things, we’re doing that same thing for insurance,” says Finaeo co-founder and CEO Aly Dhalla.
FinTech startup Rewire raises $12 million (CALCALIST)
Rewire develops a mobile banking platform for international cash transfers for foreigners without a local bank account.
Scotiabank jumps into digital mortgages, following TD’s digital mortgage tool and Canadian startups working on similar tech including Homewise and MogoMortgage.
Started in Melbourne in 2015 by four Chinese founders, Airwallex provides a service that lets companies manage cross-border revenue and financing in their business much like an alternative to consumer-focused service TransferWise.
Along with this partnership, Coinberry is also announcing the launch of Coinberry Pay.
Pirs Capital Secures $15M in Financing (FINSMES)
Pirs Capital is a direct lender combining financial expertise with quality customer service to build lifelong relationships with clients to ensure mutual success.
“The proposed retail payments oversight framework acknowledges the shifting payments landscape and is an important step,” says Gerry Gaetz, president and CEO of Payments Canada.
Matador Raises $9M in Seed Financing (FINSMES)
Metador, which provides a mobile app for young people to grow their money, raised the funding from Accell and Greycroft.