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A survey conducted by Toronto-based FinTech startup Lending Loop has found that Canadian small businesses have seen an average revenue decline of more than 63 percent.
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Memory Labs Inc. – Content Marketing Manager
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Penta, the Berlin-based business banking challenger that also now operates in Italy, has raised €18.5 million, described as the first closing of a new funding round.
Canadian businesses are taking steps to help flatten the curve and support customers through new products, services, and free offerings.
Founded in 2015, the FinTech startup enables local big banks to offer gold-backed loan products by collecting and depositing the precious metal at the nearest branch of the partner banks that offered the loan.
Holt Fintech Accelerator has appointed Elisabeth Laett, a former Holt advisor, as the accelerator’s new managing partner.
Fintso, a deep-tech based PaaS (Platform-as-a-Service) startup, was founded by wealth management industry veterans George Mitra and Rajan Pathak.
The fund invests in firms that launched digital assets and in need of “next stage capital.”
Stephen Ufford, co-founder and CEO of global identity verification startup Trulioo, is stepping down, with Steve Munford taking on the position.
New data from Earnin, a personal finance app with millions of users that helps people access their already-earned wages immediately after they leave work each day, gives an early indication into the economic impact of the pandemic.
The UK company said it discovered the intrusion into its systems after staff detected what they described as “potentially anomalous activity.”
NorthOne, a Toronto-based challenger bank that offers banking for small businesses and startups, has raised a $29.3 million CAD Series A.