F|T: The FinTech Times – Pressing “go” on open banking in Canada?
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read…
koho
Synctera launches card API as company builds its Banking-as-a-Service marketplace
Synctera has launched its first API to fuel the creation of its marketplace between community banks and FinTech companies.…
Portage FinTech SPAC boosts IPO target to $240 million USD, begins trading on Nasdaq
Sagard Holdings-backed blank cheque company Portage Fintech Acquisition has priced its planned Nasdaq initial public offering…
Toronto venture funding in Q1 2021 nearly matched all dollars raised across 2020
Tech startups in the Greater Toronto Area (GTA) raised more than $1 billion in venture funding over the first quarter of this…
New Portage FinTech SPAC files for $200 million Nasdaq public offering
Sagard Holdings, the alternative investment arm of Power Corporation and manager of Portage Ventures, is launching a blank…
Diagram doubles size of Opportunity Fund with final $60 million close
Montréal-based venture builder and investor Diagram Ventures has secured an additional $60 million CAD in the final close…
Wingocard secures $2 million CAD, launches app to teach teens financial literacy
Backed by $2 million CAD ($1.7 million USD) in fresh seed funding, Montréal-based FinTech startup Wingocard has officially…
Launch Academy giving $100,000 in scholarships to aspiring entrepreneurs affected by COVID-19
Vancouver-based tech incubator Launch Academy, and its co-founder and CEO Ray Walia, have announced plans to provide $100,000…
Wealthsimple launches Shariah-compliant ETF on NEO Exchange
Toronto-based Wealthsimple has launched its previously-announced Shariah-compliant exchange-traded fund (ETF) on the NEO Exchange.…
New bill proposes Bank of Canada regulate FinTech startups that provide payments
The Government of Canada has introduced legislation to regulate FinTech companies that offer payment services in the country.…
FinTech startups frustrated with glacial pace of Canada’s open banking consultations
Sue Britton was feeling “super optimistic” when the Advisory Committee on Open Banking sent out a package for phase-two…
Revolut CEO Nikolay Storonsky says company will return to Canada in 2022
The CEO of United Kingdom-based FinTech startup Revolut says the company intends to return to Canada next year, after leaving…
FDX reports 16 million consumers using API, claims Canada, US lead in open banking adoption
The Financial Data Exchange (FDX), an organization that aims to bring the financial industry under a common standard for financial…
Diagram Ventures latest Canadian firm to concentrate on existing portfolio with $60 million for new Opportunity Fund
Diagram Ventures has secured $60 million CAD in the first close of its latest fund as the Montréal-based venture builder looks…
Revolut leaving Canadian market
United Kingdom-based FinTech startup Revolut is pulling out of Canada, BetaKit has learned, more than a year and a half after…