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Two nonprofit FinTech programs join forces as Fintech Cadence acquires Innovate Financial Health (BETAKIT)
Innovate Financial Health, a nonprofit that aims to support technology that improves financial health, has been acquired by Montreal-based Fintech Cadence.
Why San Francisco-based VC Hustle Fund Is Betting Big on Canada
“At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund these companies, and excited to partner with Hockeystick to identify these opportunities!” – Eric Bahn (General Partner)
Since launch, Hockeystick has made over 6000 funder recommendations to Canadian startups. Learn how startups are using technology to meet funders around the world.
The strange case of Alibaba’s Jack Ma and his three-month vanishing act (THE GUARDIAN)
The ebullient tech tycoon embarrassed China’s leaders and went missing. Now he’s back, but seems far less outspoken.
Affirm almost doubles in debut after $1.2 billion IPO (BLOOMBERG)
Affirm Holdings Inc. almost doubled in its public market debut, the latest multibillion-dollar technology company to start trading significantly higher than its initial public offering price.
Silicon Valley startup Plaid plans European hiring spree despite Visa deal falling apart (CNBC)
The company scrapped a deal to merge with Visa after the U.S. government raised antitrust concerns.
Inside Revolut’s bid to become a bank (SIFTED)
The FinTech is well on its way to becoming a UK bank, but it’s been far from a smooth ride. Can it get there?
Paystone secures $69 million as company chases acquisitive growth strategy (BETAKIT)
Paystone, a London, Ont. and Montreal-based startup that offers customer engagement and payment processing software, has secured a $69 million CAD investment.
Plaid shareholders field offers at $15 billion after merger collapse (THE INFORMATION)
Normally CEOs that opt to sell their companies aren’t happy when the government blocks the deal over antitrust concerns. But that doesn’t appear to be the case with Plaid, which also just launched a new incubator for early-stage FinTech founders from underrepresented backgrounds.
China plans online payment rules that may hit Ant, Tencent (BLOOMBERG)
China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group Co. and its biggest rival Tencent Holdings Ltd.
Crypto startup Ledger fights to repair its reputation (SIFTED)
The high bitcoin price should have been a great moment for the French cryptocurrency security startup. But instead, it has been grappling with embarrassing data breaches.
TikTok owner ByteDance launches payments in China as it pushes into FinTech and e-commerce (CNBC)
ByteDance has launched a new payment services within Douyin, the Chinese sister app of TikTok.
Treasury nominee Yellen is looking to curtail use of cryptocurrency (ARS TECHNICA)
Janet Yellen argues many cryptocurrencies are used “mainly for illicit financing.”
Why Ryerson Venture Zone is building a healthtech hub in Brampton fuelled by pilot programs (BETAKIT)
When Ryerson Venture Zone opened applications for its first healthtech incubator program in Brampton, sourcing corporate pilots became a key focus.