Float secures nearly $100 million in debt to expand credit products for Canadian businesses
FinTech startup says its revenue has grown roughly 70 percent year over year.
FinTech
Deck co-founders call non-compete lawsuit from former employer National Bank “frivolous”
Defendants deny claims that they’ve built a competing FinTech business.
Chata Technologies closes $10-million USD Series A to scale deterministic AI model
Calgary startup targets financial sector with AI model built to give consistent answers.
Portage strikes deal to manage Point72 Ventures FinTech assets in Steve Cohen and Goldman Sachs-backed fund
Power Corp.’s FinTech investment arm makes first formal foray into secondary investments.
Slate raises $1.3 million to deliver embedded lending infrastructure to Canadian platforms
Vancouver startup aims to help firms provide SMB loans without building infrastructure.
Polygon buys blockchain startup Sequence to power its stablecoin push
Sequence’s modular crypto infrastructure will support payments platform powering Stripe and Polymarket.
Canadian small businesses finally have what they’ve been waiting for: a timeline for consumer-driven banking
The feds’ commitment to accelerate consumer-driven banking is a massive win for entrepreneurs.
The pressure points shaping payments in Canada
Three problems Canadian merchants keep naming, and how Mastercard built a platform around them.
Canadian payments companies’ “sugar high” ended in 2022. VCs say a new spike is coming
Payments startup creation dropped by 44 percent from 2022 to 2023, according to Luge Capital report.
Tetra Trust clears another hurdle on its path to launching CADD stablecoin
Successful test saw CADD transferred between National Bank and Wealthsimple.
National Bank sues Flinks co-founders for alleged non-compete violation
Founders of new startup Deck deny allegations, say they were authorized to build venture.
Tuhk raises $6 million USD to crack down on financial cybercrime
Enterprise FinTech startup planning launch in Canada, the US, and UK next year.
Shopify merchants can now sell products through AI chatbots
Update announced in Shopify Editions newsletter that contained over 150 product updates.
From sawdust to seed round: ConstructionClock grows from Winnipeg
Contractor-turned-founder David Peters raises $2 million for automated attendance-tracking app.
EQ Bank carves out more market share with $800-million PC Financial purchase
Deal comes at the end of a “difficult year” for EQB.