Wealthsimple CFO stepping down to become CEO of Wealthsimple Foundation
Wealthsimple’s chief financial officer (CFO), Leen Li, is stepping down from her role and is set to become the CEO of…
fintech
Montréal payment tech company Nuvei files for IPO on TSX
Montréal-based FinTech company Nuvei has filed to go public on the Toronto Stock Exchange. Nuvei filed a preliminary prospectus…
ProNavigator raises $5.6 million to tackle United States insurance market
Kitchener InsurTech startup ProNavigator has closed a $5.6 million CAD financing round to help it increase its presence in…
As Ethereum turns five, the world’s second biggest crypto platform aims to tackle long-standing challenges
Five years ago, Ethereum, Canada’s biggest contribution to the blockchain space, officially went live. Since then, the cryptocurrency…
Insurtech Breathe Life raises $11.5 million CAD to accelerate go-to-market strategy
Breathe Life, the Montreal startup that has developed a software-as-a-service (SaaS) platform for insurance carriers, has raised…
Manzil partners with Koho to launch halal prepaid Visa card
Manzil, a Toronto-based FinTech startup that offers halal financial solutions including mortgages, has launched a partnership…
Wealthsimple receives conditional approval from regulators to test crypto platform
Toronto-based FinTech startup Wealthsimple has received conditional approval from the Canadian Securities Administrators’…
OSC introduces interim order to help facilitate startup securities crowdfunding
The Ontario Securities Commission (OSC) has introduced an interim local order that adopts a startup crowdfunding “regime”…
While venture funding stays consistent, BC startup deal count sees Q1 decline
Venture funding in British Columbia (BC) reached $246 million over 50 deals in the first quarter of 2020, as Victoria emerged…
Financial Data Exchange launches in Canada looking to create industry standard for financial data sharing
Financial Data Exchange (FDX), a United States-based non-profit organization dedicated to developing an industry standard for…
Mogo officially launches carbon offsetting digital spending account, MogoSpend
Vancouver FinTech startup Mogo has launched MogoSpend, a free, new, prepaid Visa-based digital spending account that encourages…
Diagram-backed Wingocard closes $2 million to bring mobile banking to teens
Wingocard, a new Montreal-based startup focused on personal finance for teens, has closed a $2 million seed round led by Diagram…
Canadian startup news of the week (7/26/20)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
Opportunity Calgary Investment Fund invests collective $7.25 million in AltaML, Harvest Builders
The Opportunity Calgary Investment Fund (OCIF), backed by the City of Calgary, announced Wednesday that it has invested a collective…
MaRS officially launches program developed using federal Scale-Up Platform funding
MaRS Discovery District has officially launched Momentum, a new program designed to support high-growth Canadian companies…