After years of disappointment and delay, #Budget2025 commits to a “competitive and innovative” financial system
Movement on open banking, Real-Time Rail, and stablecoin legislation all promised in Budget 2025.
fintech
Beacon raises $250-million USD Series B to buy and equip “Main Street businesses” with AI
Former Instacart, Sequoia leaders target profitable firms in overlooked sectors for AI upgrades.
What’s in #Budget2025 for Canadian tech?
Feds make huge spending commitments but finally get competitive on defence, taxes, and financial services.
Six years later, Questrade can finally launch Canada’s newest bank
Online brokerage to launch Questbank in 2026 after waiting six years for Schedule 1 license.
What will Budget 2025 offer Canada’s innovation economy?
Plus: Wealthsimple hits $10-billion valuation with new funding.
Time to catch up: Why Canada needs to rethink financial innovation and competition
Peoples Group’s John Landry argues the future of finance in Canada will be built by an ecosystem.
Stablecoins are at a regulatory crossroads in Canada. What’s next?
As the digital asset explodes in popularity, Canadian FinTech wants movement on regulation.
Wealthsimple hits $10-billion valuation in new round backed by Dragoneer, GIC, CPP Investments
Up to $750-million Series E includes $550-million primary and $200-million secondary offerings.
WonderFi’s acquisition by Robinhood delayed until first half of 2026
Extra development work and regulatory approvals push closure of sale into next year.
Paytrie spinout Loon raises $3 million to oversee Canadian dollar-backed stablecoin
Calgary-based FinTech startup will become the new issuer of Paytrie’s CADC stablecoin.
The feds are picking Canadian tech winners through MOUs
Plus: Aidan Gomez says Cohere could IPO “soon.”
Neo Financial completes first-ever hat trick of Deloitte Technology Fast 50 rankings
Together, 2025 winners averaged a three-year revenue growth of 2,623 percent.
Cybrid closes $10-million USD Series A round to bring stablecoins to the business mainstream
FinTech company gets backing from BDC Capital as Bank of Canada signals openness to stablecoin.
Koho refreshes joint accounts with new reward features
New offering targets young Canadians navigating affordability pressures through shared finances.
Wealthsimple unveils advanced investing tools as it hits $100-billion milestone
As it surpasses $100 billion in AUA, Toronto firm aims to bolster investing with lower fees, diversification, and AI.