Interac appoints Jeremy Wilmot as new president and CEO
byInterac is set to serve as exchange provider for Canada’s RTR system.
FinTech
As crypto markets consolidate, Bitbuy debuts new staking offering
byShakepay also joins the list of regulated crypto platforms in Canada.
F|T: The FinTech Times – Now in Canada: Hiive’s VC secondary trading platform
byPlus: QED closes on $925M to back FinTech startups globally.
With regulatory approval, Hiive launches VC secondary trading platform in Canada
byClosed IPO window, “discount mentality” driving secondary trading.
F|T: The FinTech Times – PayPal spent $1 billion on Xoom, now facing pressure to sell
byPlus: Wealthsimple ups user insurance limit.
Bloom raises $7 million to make applying for reverse mortgages easier
byBloom combines the use of an online registration form and live customer service.
F|T: The FinTech Times – Binance set to leave Canada in face of new regulation
byPlus: Float launches a new corporate card on back of new growth.
Wealthsimple to let users insure up to $300,000 as global bank failures prompt better depositor protection
byWhen SVB collapsed, US depositors could only insure up to $250,000.
Small business banking platform Vault launches with backing from Google’s Gradient Ventures
byVault’s co-founders have previously worked at Revolut, Koho.
F|T: The FinTech Times – Diagram Ventures adds $100M onto its FinTech bet
byPlus: Shopify backs Nigeria-based FinTech Nomba.
Float launches new corporate card as it experiences growth in economic downturn
byHow a Toronto FinTech startup says it stays afloat as others struggle.
Diagram Ventures closes $100-million for latest fund as it continues to bet on FinTech
byFor the first time, Diagram will also invest in companies it doesn’t have a hand in creating.
Shopify backs Nigeria-based FinTech Nomba in $30 million round
byNomba provides payments and banking tools for businesses.
F|T: The FinTech Times – Super and Neo evolve, Pillar and Billi shut down
byPlus: Revolut’s valuation troubles signal a stormy horizon for less-profitable neobanks.
Three FinTechs hiring experienced software developers in Canada
byMid-level and management software development positions are open across Canada.