Blockchain startup Hivello raises $3.3 million CAD in pre-seed funding
Hivello wants to democratize access to Web3 projects.
FinTech
Deal volume in Canada’s FinTech sector fell by 50 percent in 2023
2024 will be “pivotal” as FinTech startups approach the end of their runway.
Wealthsimple surpasses combined $200 million for venture, private credit, equity funds
The FinTech firm’s trio of alternative investment funds have seen demand from retail investors.
F|T: The FinTech Times – Block and PayPal cull staffers in latest tech layoffs
Plus: Koho wants a licence to compete.
Shopify unveils term loans, lines of credit for merchants
President Harley Finkelstein said new offerings represent the “next evolution of Shopify lending.”
Inovia report indicates Canadian software sector is returning to normal
Canadian VC funding bounced back from an annual decline in Q4 2023 more aggressively than other countries.
Tokens.com blazes in asset sale to StoryFire
The Web3 business has also put its domain up for sale.
AI-powered medical record reviewer Wisedocs closes $12.7-million CAD Series A round
Wisedocs claims it has more than doubled its customer base in 2023.
In banking licence pursuit, Koho is chasing a “seat at the table” and real competition
Former Tangerine CEO Peter Aceto tapped to lead Koho Bank.
After years of providing free accounting and invoicing software, Wave rolls out paid model
CSO says new tiered, subscription-based pricing gives Wave a “sustainable way to grow.”
F|T: The FinTech Times – Brex burning bucks while Klarna mulls IPO
Plus: Visa partners with Plug and Play to support Canadian FinTech.
Nesto enters brokers channel through partnership with M3 Mortgage Group
The digital mortgage lender will become available to over 8,500 brokers.
Digital wealth management startup Nest Wealth acquired by Objectway Group
Deal positions Nest Wealth for expansion in EMEA.
UK-based Liberis launches embedded lending solution in Canada
The CFIB says over half of Canadian small businesses were seeking capital in 2022.
Visa Canada, Plug and Play team up to support Canadian FinTech startups
With new partnership, US payments giant and investor build on existing relationship.