F|T: The FinTech Times – The Quadriga quandary

Plus: Canadian crypto exchanges take issue with Crypto.com's domestic advertising blitz.

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Boosted.ai raises $43.7 million CAD to scale AI platform for investment managers (BETAKIT)

Boosted.ai currently has a client base of over 40, attracting global asset managers as well as hedge funds and ETF providers.


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Checkout.com raises $1B round at $40B valuation (TECHCRUNCH)

The company lets you process payments directly on your site or in your app, but you can also rely on hosted payment pages, create payment links, etc.

Conduit’s ‘Stripe for DeFi’ approach bags startup $21.2 million CAD round led by Portage (BETAKIT)

After less than a year in business, decentralized finance (DeFi) startup Conduit has raised $21.2 million CAD in seed funding led by Portage Ventures and supported by Diagram Ventures, FinVC, Gemini Frontier Fund, Gradient Ventures, Inovia Capital, and Jump Capital. The Diagram company aims to become the ‘Stripe for DeFi’ by making DeFi “invisible” via its APIs.

Widow of Quadriga crypto founder Gerald Cotten says she had no idea about the $215-million scam (THE GLOBE AND MAIL)

In an exclusive interview, Jennifer Robertson speaks out publicly about her deceased husband Gerald Cotten, his $215-million fraud and her new book, Bitcoin Widow.

FundThrough acquires invoice financing business from Silicon Valley’s BlueVine (BETAKIT)

In an interview with BetaKit, FundThrough co-founder and CEO Steven Uster explained how BlueVine had moved away from that part of its business in recent years.

Fresh round of $355M lifts online checkout company Bolt into decacorn territory (TECHCRUNCH)

Including the Series E, Bolt’s total funding to date is nearly $1 billion. The company’s valuation is nearly double what it was at the Series D, Ryan Breslow, founder and CEO, told TechCrunch.

Review of 11 Canadian tech companies to watch in 2021 (BETAKIT)

Kevin Sandhu reviews his list of the 11 Canadian tech companies to watch in 2021 to check in on how they fared over the past year. In 2021, Sandhu tagged Bluedot, Clutch, Symend, Ollie Order, Craver Solutions, Synctera, Showbie, Elastic Garage, Synex Medical, Lufa Farms, and LifeSpeak as worth watching.

VC economics: why startup valuations are art while dilution is a science (BETAKIT)

Lewis Hower, Managing Director at Silicon Valley Bank, explains the investor mindset and how it can impact startup valuations.

Binance incorporates in Alberta, hires ex-securities regulators for Canadian strategy (THE LOGIC)

Binance, the world’s largest cryptocurrency-trading platform by volume, has registered three new corporate entities in Calgary and hired two senior employees with experience working for Canadian securities regulators as it seeks to comply with the country’s rules.

Wagepoint makes first acquisition, purchasing Timesheet Mobile (BETAKIT)

Calgary-based FinTech startup Wagepoint has made its first acquisition, purchasing Massachusetts-based Timesheet Mobile, a provider of workforce management solutions. Wagepoint noted the deal was made possible due to the financing it received from Providence Strategic Growth, which acquired a majority stake in Wagepoint in 2020.

Crypto exchange FTX sets up $2 billion venture fund (WALL STREET JOURNAL)

Crypto exchange FTX Trading Ltd. has launched a $2 billion venture fund, one of the largest vehicles to date aiming to tap into the crypto market’s startups.

Neo Financial to bolster presence in Calgary with 113,000 square feet of new office space (BETAKIT)

Launched in 2019 by SkipTheDishes founders Andrew Chau and Jeff Adamson, alongside Kris Read, Neo Financial is a FinTech startup in the challenger bank space.

Canadian crypto exchanges take issue with Crypto.com’s domestic advertising blitz (THE GLOBE AND MAIL)

Crypto.com has reportedly spent close to $1-billion on marketing deals with major sports leagues and celebrities, but the company’s regulatory status in Canada is murky.

PayFacto acquires iShopFood Inc. to offer all-in-one restaurant solutions (BETAKIT)

Founded in 2018, with offices in the United States and Asia-Pacific region, PayFacto describes itself as one of Canada’s largest non-bank payment processors, as well as a provider of fully integrated payment processing and hospitality technologies.

Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache.

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