Wealthsimple raises $100 million led by Allianz X to build a full stack financial service
Toronto-based Wealthsimple has secured a new $100 million investment round, led by Allianz X, the digital investment unit of…
fintech
Canadian startup news of the week (05/19/19)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
Power Financial now claims 89 percent stake in Wealthsimple following $30 million investment
Power Financial, a notable investor in the FinTech space and a backer of companies like Borrowell, Clearbanc, Koho, and League,…
Nest Wealth acquires Razor Logic Systems, offering investment and financial planning solutions
Toronto-based Nest Wealth, a digital wealth management platform, has acquired Razor Logic Systems, the creator of RazorPlan,…
Koho raises $42 million Series B inside round led by Portag3 Ventures
Toronto-based FinTech startup Koho announced the close of a $42 million Series B round today, led by Portag3 Ventures, with…
QuadrigaCX investigation recovers $28 million of missing assets
Efforts to recover more than $200 million in cash and cryptocurrency from the former trading platform QuadrigaCX have resulted…
Five Canadian cities with highest volume of investment dollars and deals in 2018
Canada’s tech ecosystem is consistently growing year-over-year. Startup Genome’s recent report revealed that not only is…
Toronto-Waterloo takes top Canadian spot in startup ecosystem rankings, Vancouver nosedives
Vancouver’s place in the startup ecosystem rankings has significantly dropped, while Toronto-Waterloo is making a steady…
Rangle chief technology officer leaves as company restructures
Long-time chief technology officer at Rangle, Yuri Takhteyev, has left the company, BetaKit has learned. Takhteyev recently…
Collision sells out showcase floor, surpassing size of Web Summit
Collision has reached maximum exhibition floor capacity for this year’s conference, being held in Toronto’s Enercare…
RBC adds AI-powered budgeting tool to its digital app
Royal Bank of Canada (RBC) recently launched NOMI Budgets, a new AI-powered solution available through its mobile app, designed…
BMO makes startup funding play, launches innovation banking group
Bank of Montreal (BMO) has announced the launch of its Technology & Innovation Banking Group, intended to provide advice…
Caroline Stephens, CHRO at Interac, on how to build culture at scale
Transforming from a traditional payments network into a 21st-century innovator is a difficult process. No one knows that better…
Echosec to receive $2 million secured loan from TIMIA Capital
Victoria-based Echosec Systems, an online data aggregation platform, has entered into a three-year investment facility with…
Mortgage startup, Lendesk, acquired by Quicken Loans parent company
Vancouver-based FinTech Lendesk has announced Rock Holdings, the parent company of US-based Quicken Loans, has acquired a majority…