Value of Power Corpâs FinTech portfolio drops as Wealthsimple faces second May markdown
Power calls decrease in fair value of Wealthsimple stake âconsistentâ with broader stock market decline.
Power calls decrease in fair value of Wealthsimple stake âconsistentâ with broader stock market decline.
Net income is another matter.
Plus: Applications are open for the Calgary FinTech Awards.
Participating startups get a chance to win up to $250,000.
Plus: OneVest secures $5 million to help companies like Neo Financial launch wealth management products.
Plus: Beanstalk cryptocurrency project robbed after hacker votes to send themself $182 million.
Can a “whole of government” approach to competition break Canada’s oligopolies?
Impression bet early on Wealthsimple and won. Now the firm wants to make bigger bets.
Plus: Amid mounting competition, Floatâs CEO believes company has what it takes to win in Canada
Plus: OpenSea âSitting on Ticking Bombâ as lawsuits pile up over stolen Apes.
The FinTech incubator says the money will enable it to assist 125 entrepreneurs, startups.
Plus: Alberta proposes regulatory sandbox to attract FinTechs, crypto companies to the province.
Company applications for the sandbox could start as soon as July 1.
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The deal marks Reach’s first outside capital.