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Wealthsimple, Trulioo among Canadian companies in CB Insights FinTech 250(BETAKIT)
The list also included Wave, Financeit, and Street Contxt.
STACK RECOMMENDS: Ottawa unveils ‘supercluster’ innovation plan(THE STAR)
“A Federal backed plan shows Canada’s commitment to driving and leading global innovation.”
– Miro Pavletic, CEO and co-founder of STACK
#EmpireFinTech Conference says thinking beyond Canada, adopting AI key to scaling ecosystem(BETAKIT)
“We adopted the language of collaboration very late,” said Jeff Mitelman.
PayPal invests in LendUp, a startup that offers loans to consumers rejected by banks(VENTUREBEAT)
LendUp seeks to differentiate itself by offering products that it believes can help consumers with low credit scores and volatile incomes achieve financial health.
Investors are preparing to give FinTech app Revolut £50 million even though it’s bleeding money(BUSINESSINSIDER)
London VC Index Ventures, already an investor in Revolut, is leading the round.
Boston’s FinTech Sandbox expands to Ontario to help startups scale with access to data(BETAKIT)
OCE said it will provide the initial access to FinTech Sandbox’s resources to qualified FinTech small and medium-enterprises.
In-app payment messaging startup PayKey raises $6 million(FINEXTRA)
The round is being led by MizMaa, a US and Chinese backed venture capital fund that invests in Israeli-based tech startups.
Banks bet on AI for a ‘self-driving’ banking experience(CNBC)
According to a survey of 600 bankers by Accenture, 76 percent think that in the next three years, the majority of banking organizations will deploy AI interfaces as their primary point for interacting with customers.
Canada’s big banks testing Toronto-based digital identity network powered by blockchain(FINANCIAL POST)
The network will allow consumers to use a mobile app to confirm details of their identity such as age or credit scores when accessing services, said SecureKey’s CEO.
OpenDoor completes $10M Series A funding round(FINEXTRA)
The funds will be used to enhance the OpenDoor trading platform, improve its connectivity to current customers, and expand its network of client institutions and central banks.
nanopay launches retail payment platform as part of MintChip ecosystem expansion(BETAKIT)
nanopay said that because it is creating a “digital representation” of the Canadian dollar, it can prevent counterfeit bills or charge-backs.
FinTech startup Rubique raises $3M bridge funding from Kalaari, others(INC42)
The investment was led by existing investor Kalaari Capital and Udayan Goyal, Managing Partner at Apis Partners.
Women in FinTech 2017 powerlist: Innovate finance opens nominations(FORBES)
Women in the FinTech sector are celebrated for their talent and contribution to the space and nominations for the powerlist are open to candidates from around the world.
Real Matters named CIX 2017 Innovator of the Year(BETAKIT)
CEO Jason Smith will share insights as a keynote speaker at the CIX conference.
Is blockchain disrupting the way startups raise funds?(FORBES)
Startups are now exploring blockchain’s use in fintech and startup funding. This month alone, there were around 10 blockchain startups that launched their own cryptocurrency presales to fund their ventures.