fintech
Round13 launches new venture fund with initial $70 million USD to back blockchain companies providing “the base” for Web3
Bruce Croxon: Web3 infrastructure “a natural extension” to Round13’s software investments.
Fobi AI inks deal to acquire Basket and bolster coupon aggregator offering
Fobi goes shopping for its second couponing solution.
Neo Financial joins Canada’s unicorns as Peter Thiel’s Valar triples down with $185 million round
Wealthsimple had Paul Desmaris to fuel its growth; Neo has Peter Thiel.
PayTic raises $2.95 million to help banks, credit unions centralize program management
PayTic wants to remove Excel spreadsheets from payment reconciliation.
Pocketed co-founders pocket $25,000 prize money in pitch contest for women entrepreneurs
Pocketed, which helps businesses find grants, gets granted with $25,000.
Canadian startup news of the week (5/01/22)
Plus: Bonsai lays off a third of employees shortly after $21 million Series A, citing shift to growth strategy.
Stellar, Genesis among crypto orgs backing Stablecorp in $1.9 million CAD round
Stablecorp wants to increase transparency, security in blockchain transactions.
OSC reveals seven companies to join testing lab to improve client interactions
Mako, TMX Group, others will test solutions made to know their clients, products better.
OneVest secures $5 million to help companies like Neo Financial launch wealth management products
CEO: “What Stripe has done for payments, we’re doing for wealth.”
Canadian startup news of the week (4/24/22)
Plus: Impression Ventures secures $64 million for fourth fund, continues to bet on seed-stage FinTech.
Brim co-founder raises $10 million for new “smart card” startup Savvii
A new, but familiar player has entered the Canadian consumer cards game.
Alberta’s tech sector coming of age as province sets new venture funding record in Q1 2022
Local and global investors opened their pockets to a growing crop of Alberta tech startups.
Responsive receives $3.5 million in Co-operators-backed Series A round for US, Europe expansion
Co-operators joins Responsive’s board of directors.
How Lending Loop pivoted from peer-to-peer lending to a cross-border banking platform for e-commerce
Loop’s focus on cross-border payments puts it in stark contrast to the competition.