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AI and FinTech: What’s next for Canada’s hottest sectors?
As the year wraps up, where are these these two sectors—which have both been among the most attractive for VCs—headed in 2019?
PayPal brings Xoom money transfer service to Canada ahead of bigger global expansion
Xoom allows you to send money, add credit to mobile phones, or pay bills to anyone in more than 130 countries, with Xoom taking a 3.93 percent cut.
New Shakepay feature allows users to buy bitcoin with rounded up purchases
To date, the company has helped over 40,000 customers exchange more than $30 million in digital currency.
FinTech startup Plaid raises $250M at a $2.65B valuation
The funding was led by VC and author of the Internet Trends report Mary Meeker.
Valued at over $1.2 billion, Toss is Korea’s first FinTech unicorn
The latest funding round was led by Kleiner Perkins and Ribbit Capital, both Silicon Valley venture capital firms making their debut in the Korean market.
Accenture acquiring financial services assets from Zafin
Accenture will act as a preferred integrator of the Zafin financial software platform as part of a joint go-to-market strategy.
Revolut gets European banking license in Lithuania
While the startup initially expected to get its European banking license during the first half of 2018, the company has finally come out of the regulatory tunnel with a license in hand.
TransferGo raises $17.5 million as global remittance market heats up
The funding was led by San Francisco VC firm Hard Yaka and Vostok Emerging Finance, with participation from Revo Capital, U-Start Club, and Practica Capital.
Calgary launches Digital Dollars currency
Uses for Calgary Dollars include donations for nonprofits and purchasing transit tickets.
South African lending startup Jumo raises $12.5 million
The firm says the new capital injection will be used to deepen data capabilities, specifically in applied machine learning and AI innovation across key markets in Africa and Asia.
