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Rebranded Nuula secures $120 million for real-time data app, loan offering for small businesses (BETAKIT)
The company was formerly known as BFS Capital, which began its transformation to a company with a real-time data and analytics app in 2019 when it opened a Toronto engineering hub.
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‘We’ve been preparing for this’: Big banks gear up to compete as new challengers loom (FINANCIAL POST)
From open banking to trends such as buy now, pay later, the financial services landscape is shifting. Will Canada’s big banks be ready?
Irwin raises $25 million CAD as investor relations startup claims increased demand due to pandemic (BETAKIT)
The funding comes as the company claims a surge in product demand during the COVID-19 pandemic.
PayPal to buy Japan’s Paidy for $2.7 billion (WALL STREET JOURNAL)
Set to close in the fourth quarter, it’s the latest in a flurry of deals involving ‘buy now, pay later’ companies.
Canadian tech leaders want more government guidance before returning to the office (BETAKIT)
At a recent panel for BetaKit Patreon supporters, a trio of Canadian tech’s people leaders said companies need more government leadership regarding how to navigate vaccination policies and mandates in the workplace.
Italian BNPL Scalapay raises $155m Series A from (you guessed it) Tiger Global (SIFTED)
Tiger Global sinks its teeth into European BNPL for the first time.
RBCx partners with CAN Health Network to increase Canadian medtech firms’ access to capital (BETAKIT)
As CAN Health’s first financial services provider, RBC, through RBCx, will expand the network’s offering from access to Canadian healthcare organizations and procurement opportunities to banking services.
Insiders and experts are driving a massive spike in crypto transactions, new data shows (REST OF WORLD)
DeFi, or decentralized finance, was meant to democratize crypto, but it is big speculators who are cashing in.
Facebook makes payments product available off platform, starting with US Shopify merchants (BETAKIT)
In June, Shopify announced that Shop Pay will also be available to non-Shopify merchants selling on Facebook and Google.
Sequoia Heritage, Stripe and others invest $200M in African FinTech Wave at $1.7B valuation (TECHCRUNCH)
The largest Series A in Africa by a long shot is geared toward taking on telecom-led mobile money.
BMO and Riskfuel collaborate on AI for financial transactions (BETAKIT)
BMO and Riskfuel plan to develop models for pricing and scenario awareness of structured derivatives transactions, which are complex, grouped financial instruments.
Biden’s SEC is ready to regulate cryptocurrency (VOX)
Coinbase has gotten the government’s attention.
Yr Plans partners with Sun Life on student debt repayment pilot (BETAKIT)
With Smart Benefit, Yr Plans aims to help the educated workforce repay their student loans more quickly by leveraging pre-existing financial contributions from their employers.
Afterpay, Wrapbook expand teams (BETAKIT)
Afterpay looks to capture a larger segment of the country’s BNPL market.
Toronto tech smashed venture funding records in Q2 with $1.46 billion raised
Toronto was one of four Canadian tech markets to set funding records in Q2 2021, along with BC, Waterloo Region, and Montréal (Calgary? Not so much). The quarter helped push H1 investment to its highest levels.