Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.
OMERS Ventures founder John Ruffolo has been paralyzed from the waist down following a cycling accident that took place in Markham, Ontario last week.
Seven Canadian startups have been listed on the 2020 CB Insights’ FinTech 250 list, which tracks the top private FinTech companies from around the world.
Airbase offers corporate cards and a SaaS suite of financial tooling to support corporate accounting departments and employees alike.
Montréal-based FinTech company Nuvei has filed to go public on the Toronto Stock Exchange.
The party’s over for money-losing FinTechs as funding tap shuts (BNN BLOOMBERG)
Monzo and Revolut, two of the industry’s leaders, said losses more than doubled and tripled respectively last fiscal year.
Wealthsimple’s chief financial officer (CFO), Leen Li, is stepping down from her role and is set to become the CEO of the Wealthsimple Foundation.
Startup co-founded by ex-Goldman trader is first FinTech to complete takeover of a national bank (CNBC)
Jiko, a 23-person company co-founded by Stephane Lintner, has closed a deal to purchase Mid Central National Bank, a 63-year old retail bank based in Minnesota, according to people with knowledge of the transaction.
Kitchener InsurTech startup ProNavigator has closed a $5.6 million CAD financing round as it eyes expanding its offering in the United States.
The bank is making continuous improvements, including integrating Merrill Lynch accounts into its banking app and adding a security feature to Zelle.
Financial planning startup Vena Solutions has closed $25 million CAD in growth capital financing from CIBC Innovation Banking.
Germany’s blame game over Wirecard AG’s collapse is focusing in on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory.