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Float quadruples revenue YoY despite increased competition, choppy economy

CEO: “In terms of new entrants, we’re clearly the fastest-growing and the largest.”

Wealthsimple first FinTech startup approved by Bank of Canada for direct settlement

The approval will give Wealthsimple direct access to Real-Time Rail.

F|T: The FinTech Times – FinTech startups say what’s happening in Canada is “not normal”

Plus: Abraham Tachjian says open banking work “absolutely” on track.

Canadian startup news of the week (10/17/22)

Plus: Payments Canada delays Real-Time Rail payment system launch (again).

26 Canadian tech startups added to list of firms on path to $1 billion in annual revenue

Communitech list points to Paper, Talent.com, Brim, Miovision, Neo, Dapper Labs.

Payments Canada delays Real-Time Rail payment system launch (again)

PayTechs of Canada executive director calls process “disappointing” and “absurd.”

Toronto-Waterloo rises, Calgary and Montréal ecosystems to watch in Startup Genome’s global FinTech rankings

Vancouver cracks top 10 ecosystems with a population of less than three million.

Information VP, National Bank invest in US FinTech FX HedgePool’s $8 million Series A round

FX HedgePool secures support from a pair of Canadian VCs.

F|T: The FinTech Times – Canadian FinTech is in the tank, but this challenger bank thinks it can stay afloat with scale

Plus: Canadian tech companies continue to hire despite downturn.

Canadian startup news of the week (8/28/22)

Plus: How GrowthX found product-market fit across Canada’s accelerators.

Bank of Canada’s Ron Morrow: FinTechs “need to be ready” for upcoming retail payments regulations

Morrow expects the Bank will begin registering payments service providers in 2024.

ZayZoon raises $25.5 million to expand its earned wage access business across the US

ZayZoon’s earned wage access model never caught on in Canada, but took off south of the border.

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.

Sagard hits $400 million CAD goal for private equity fund

Firm plans to continue raising capital for the fund.

Manzil looks to expand Halal financial services platform with $2.44 million CAD, acquisition of Muslim Will

Manzil’s mandate is “to bring a digital Islamic financial institution to Canada.”