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Eight months after closing a $27 million USD Series A round, Toronto and New York-based Wrapbook has raised $100 million in Series B financing led by Tiger Global Management to expand the reach of its payroll software for the entertainment industry.
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Forte will use the funding, which brings its total capital raised this year to more than $900 million, to expand its products and services.
Kitchener-Waterloo-based startup EnPowered has announced $12.75 million CAD in seed financing to fuel the growth of its newly launched payments platform, which aims to boost the rate of cleantech project adoption.
Private equity fund AfricInvest FIVE co-led the Series C round with existing investors Goodwell Investments and LUN Partners Group.
Cybersecurity leaders from Microsoft Canada, GitHub, and Ammolite Analytx join a recent BetaKit Live panel to discuss what’s causing the disconnect between developers and security.
The Taproot update means greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart contracts, which can be used to eliminate middlemen from transactions.
A spokesperson for Wealthsimple called this the first step in the company moving from a closed-loop system to one that allows for functionality around external wallets.
$76 billion a day: How Binance became the world’s biggest crypto exchange (WALL STREET JOURNAL)
The trading platform surged by operating from nowhere in particular — without offices, licenses or headquarters. Now governments are insisting on taking some control.
Borrowell co-founder secures seed capital for Savvyy to tackle banking side of digital lending (BETAKIT)
While many FinTech startups, like Borrowell, are focused on the consumer side, Savvyy is taking on the bank side of the mortgage process.
When two Canadian coders started an online project called CryptoPunks, they had no idea they’d spark a hyped-up, blockchain-fueled cultural juggernaut.
On Monday, November 15 at 4:00 pm EST, BetaKit will be joined by Dasilva to discuss how his personal journey has informed his views on social impact and what his experience running one of Canada’s publicly-traded tech giants has taught him about scaling change.
Nuvei and Mogo see revenues rise in Q3 (BETAKIT)
Montréal-based payment processing company Nuvei and Vancouver FinTech firm Mogo saw their revenue increase during the third quarter.
How Ethiopia blundered its transition to mobile money (REST OF WORLD)
Prime Minister Abiy Ahmed made a big bet on its telecomms market playing a key role in opening up its economy but then made a $500 million misstep.
According to the startup, the recent round brings Gradient MSP’s total funding to date to $13.75 million.