Banking apps Pillar and Billi shut down as funding dries up for FinTech businesses
Venture funding for FinTech startups in Canada plummeted by 70 percent in 2022.
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F|T: The FinTech Times – Wealthsimple co-founder steps back in C-suite shake-up
Plus: Canada’s new crypto rules: comply or leave.
F|T: The FinTech Times – Will FTX actually attempt a relaunch?
Plus: Arrest made in the stabbing death of Bob Lee.
F|T: The FinTech Times – Canadian crypto’s Bizarre Love Triangle ends in three-way merger
Plus: Bob Lee, creator of Cash App, stabbed to death.
F|T: The FinTech Times – Canadian FinTech startups tired of open banking waiting game
Plus: Federal budget 2023 commits to cleantech, little else
With no open banking update in #Budget2023, FinTech executives are increasingly jaded about timeline for delivery
Working groups resume April 14th, but open banking lead departs in September.
F|T: The FinTech Times – FreshBooks cuts 10 percent of staff to target profitability
Plus: Jack Dorsey’s Block accused of facilitating fraud.
F|T: The FinTech Times – Signature Bank collapse another blow to crypto
Plus: SVB Canada forced into liquidation, paving way for auction
F|T: The FinTech Times – Stripe looks to raise another $6 billion
Plus: How the Silicon Valley Bank shutdown might impact Canadian tech.
Intuit, Highline unveil 2023 cohort of joint FinTech accelerator
Toronto-based Chexy and Carbonhound among the group of startups chosen.
F|T: The FinTech Times – Bad news comes in threes for Dapper Labs
Plus: Roham on the hot seat.
F|T: The FinTech Times – Canadian regulators tighten crypto rules as Dapper Labs cuts staff, faces class action
Plus: Ant profit falls 83 percent.
F|T: The FinTech Times – Bank of Canada’s Ron Morrow: “it is your one chance to shape the regime.”
Plus: Stripe’s attempt to raise $55 billion.
Report: investment in Canadian FinTech dropped almost $6 billion USD in 2022
But overall investment was still bigger than 2020.
F|T: The FinTech Times – Layoffs continue to hit Canadian FinTech
Plus: PayPal’s CEO to retire at the end of 2023.