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Scotiabank and National Bank have made available the EDC loan guarantee program, signalling that Canada’s big banks are starting to roll out the program.
Billing used to be easy. Products were billed once when they were sold or delivered. Now software companies have a blend of products—subscriptions, usage billing, services, training, and perpetual licenses. Some of it is billed once, and some of it is billed every month.
Many accounting systems weren’t built to handle this complexity, and can’t be easily integrated with Salesforce to automate your quote to cash process. Learn the clear five signs you’re outgrowing your accounting and finance system.
Founded in 2016, Previse says it currently processes about 100,000 invoices a day, and its goal is to handle payments for five million suppliers within the next five years.
Toronto-based Atomic Loans, which is creating a platform that facilitates peer-to-peer bitcoin lending, has raised $3.4 million CAD in seed funding.
The company intends to use the funds to expand operations, expand across Europe, and further the development of its platform for mobile saving, investing, and trading.
Revenue share investor Clearbanc launched a new product to support entrepreneurs facing a financial crunch due to COVID-19 while also laying off 17 employees.
To help banks help their customers through these trying times, many FinTech providers are extending free, discounted, or accelerated deployment offers to financial institutions.
The CRA is beginning to release funds from the SR&ED tax incentive program and is expediting the processing after a delay caused by COVID-19.
Robinhood’s revenue has reached real scale, and, like other savings and investing-focused financial applications, it’s enjoying a boom in demand.
The key change to the CEBA, announced Thursday morning, is an expanded for total payroll criteria.
What are the implications for startups and for FinTech startups in particular? Only couple of weeks ago these startups were living one of their best years for some time.
After passing the 75 percent wage subsidy Canadian government shared additional details. Here is a breakdown of the program, who’s eligible, and how to apply.
U.S. FinTech startup Stripe Inc said on Thursday it raised $600 million, as companies that provide the online infrastructure for financial and payment services get a boost from the coronavirus pandemic.