Portage Ventures rolls out new late-stage FinTech fund, aims to raise up to $1 billion USD
Amid downturn, Portage sees chance to fund FinTech firms reluctant to take valuation hit.
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F|T: The FinTech Times – The bottom fell out of Canadian FinTech
Plus: Former Coinbase manager arrested for insider trading.
The bottom fell out of Canadian FinTech funding in Q2 2022
Q2 2022 saw a dramatic 70 percent drop in FinTech funding YoY.
F|T: The FinTech Times – A Caisse of bankruptcy
Plus: Stripe cuts internal valuation by 28 percent.
F|T: The FinTech Times – Vena customers allege SOC compliance falsehoods
Plus: Voyager account holders likely won’t get all their crypto back.
F|T: The FinTech Times – Klarna and Stripe’s valuations drop, Three Arrows in free-fall
Plus: Coinbase providing “Geo Tracking Data” to ICE.
FinTech chatbot startup Finn AI gets acquired by former partner Glia
Finn AI has also worked with Visa, BMO, and ATB Financial.
F|T: The FinTech Times – Crypto abandons Collision
Plus: Jeeves launches venture capital alternative for startups.
F|T: The FinTech Times – Wealthsimple, Coinbase, WonderFi make staff cuts
Plus: Wave CEO Kirk Simpson to step down three years after acquisition by H&R Block.
FinTech Nuula launches app in Canada in partnership with Caary and OneVest
Nuula is building a partner ecosystem to serve local small businesses globally.
FinTech startup Swoop raises £5.4 million to target US expansion through Canadian office
Irish company swooped into Canada last year after seeing country’s commitments to open banking.
F|T: The FinTech Times – Clearco continues EU expansion, Hopper continues FinTech expansion
Plus: How crypto giant Binance became a hub for hackers, fraudsters, and drug traffickers
Hopper rolls out new FinTech products as it aims to build a “travel super app”
CEO says FinTech products make B2B play more sticky.
F|T: The FinTech Times – Canada’s FinTech super app is here
Plus: Pine comes out of stealth to build the “Wealthsimple for home buying”.
Wealthsimple launches FinTech super app, combining startup’s financial products
What’s “better than a bank?” Mike Katchen thinks it’s a super app.