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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.
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’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.
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.
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.
Dublin-based Fenergo builds solutions for banks and other financial management companies to help with regulatory compliance, customer onboarding and other “lifecycle management” requirements.
Dessa, a Toronto-based startup that builds machine learning applications, has been acquired by Square.
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.
Ramp, which comes with built-in expense software, also allows companies to sort their employees by their spending, and figure out “if some employees are wasting too much money,” such as spending 20% more on Uber rides.
The deal underscores two big themes in FinTech, and specifically payments.