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Canada Stablecorp launches cryptocurrency pegged to Canadian dollar(BETAKIT)
In November, the Blockchain Venture Capital launched CUSD, the first legally delivered USD-stablecoin in Canada. Jean Desgagne, CEO of Canada Stablecorp, called QCAD the first Canadian dollar stablecoin designed for the mass market.
The Ultimate Checklist for Choosing Subscription Billing Software(SAGE)
At a minimum, a modern billing and accounting system for SaaS or tech companies should automate and streamline core financial management functions such as A/R, A/P and the financial close. But you can hardly fuel your growth and need for accountability and transparency by simply automating the minimum.
Download this checklist to help you evaluate SaaS accounting software solutions and ensure you get the modern features you need in your new system.
Nova Credit banks $50M to expand its service sourcing credit reports across borders(TECHCRUNCH)
Nova’s business model is that it pays a fee to the credit bureau where the records are originating in order to source the data, and it then charges the business that is making the request for the data.
The Future Of Payments: Fintech 50 2020(FORBES)
Payments companies continue to be some of the most highly valued businesses in FinTech. Last year, payments startups attracted a gusher of funding, taking in $15 billion globally, a 20% jump over 2018 and more than one quarter of all fintech funding.
SoftBank led 25% of the UK’s FinTech investment last year(QZ)
The Japanese company’s $100 billion Vision Fund led two deals that accounted for a quarter of the capital raised by the country’s financial startups. SoftBank’s outsize transactions in tech companies have raised questions about valuations and whether some firms in its portfolio have too much money.
Fenergo raises $80M at an $800M valuation for compliance and other FinTech services aimed at banks(TECHCRUNCH)
Dublin-based Fenergo builds solutions for banks and other financial management companies to help with regulatory compliance, customer onboarding and other “lifecycle management” requirements.
Toronto machine learning startup Dessa acquired by Square(BETAKIT)
Dessa, a Toronto-based startup that builds machine learning applications, has been acquired by Square.
Bitcoin Lender BlockFi Raises $30M in Series B Led by Peter Thiel’s Valar Ventures(COINDESK)
In the first quarter of this year, the startup plans to develop a mobile app and the ability to send fiat wire transfers. In Q2 2020, BlockFi plans to offer Automated Clearing House (ACH) payments.
Revolut uses ‘open banking’ to let you aggregate other bank account data within its app(TECHCRUNCH)
The deal underscores two big themes in FinTech, and specifically payments.