As crypto market bounces back, Balance reachieves $2 billion in assets under custody
Balance relocated its headquarters from Toronto to Calgary at the end of January.
FinTech
Profitable payments startup Zūm Rails closes $10.5-million Series A
Founded by Flinks, Versapay alums, Züm is looking to ramp its US expansion.
Levr.ai closes $1-million seed round for AI-powered loan platform for small businesses
Startup serves companies that “big banks struggle to service and tech startups often ignore.”
Round13 Digital Asset Fund claims over 40 percent gains despite tough crypto market
Toronto fund says mix of digital assets, crypto VC has fuelled strong early returns.
F|T: The FinTech Times – Float expands with $50M debt financing from SVB
Plus: What a crumbling Brex says about the FinTech sector.
Can this FinTech startup become Canada’s next bank?
CEO Daniel Eberhard explains why Koho is going from challenger bank to actual bank.
ZayZoon, Symend, Peggy named to CIX’s top early-stage, growth startup lists
This is the first edition of the lists since Elevate acquired CIX in September 2023.
Unbounce among the latest #CDNtech companies making changes at the top
WeCook, Aifred Health, and Stream Systems have also made leadership changes this month.
Staircase Ventures bets on Sibli as VC firm reveals first four investments
Sibli uses AI to give asset managers “information advantage” when researching opportunities.
Float secures $50-million credit facility from Silicon Valley Bank to expand its financial products
FinTech firm teams up with SVB again to grow its corporate credit offering.
Visa Canada, Plug and Play host Toronto FinTech Innovation Showcase to spotlight Canadian startup ecosystem
Visa-backed event part of a new initiative to support Canadian FinTech.
Bank modernization software provider Zafin to be acquired by Nordic Capital
A Zafin investor said the deal represents one of the largest recent exits in the Canadian software industry.
F|T: The FinTech Times – 50 percent drop in sector deal volume last year
Plus: Plaid hires its first president and stablecoins need consultation.
Taylor Swift & the Apple Vision Pro are the biggest tech stories of 2024 (so far)
There is now software designed as an offensive weapon to fight other software. Arm the Swifties.
Tracey Black to step down as president, CEO of Payments Canada
Payments Canada is responsible for implementing the long-awaited Real-Time Rail.