FreshBooks president and CEO depart as company lays off six percent of employees
FinTech firm promotes two interim co-CEOs, embarks on search for next leader.
FinTech
Float launches new high-yield product geared toward Canadian SMBs
As other FinTech firms pull back from SMBs, Float aims to help them navigate inflation challenges.
WonderFi-owned Bitbuy acquires customers of fellow regulated Canadian crypto exchange Bitvo
The move comes a year after the collapse of Bitvo’s deal with would-be acquirer FTX.
F|T: The FinTech Times – FinTech startups dominate Fast 50, former NYSE president in talks to reboot FTX
Plus: Tax Court disqualifies government loan spending from SR&ED.
Trio of Canadian tech companies show progress towards profitability in earnings this week
Thinkific hits positive EBITDA as Coveo and Mogo shrink losses.
Dapper Labs, Nesto, Certn, top Deloitte’s 2023 Technology Fast 50 list
FinTech startups made a mark on the list of Canada’s leading technology companies.
F|T: The FinTech Times – Sam Bankman-Fried convicted on all charges, Intuit winds down Mint
Plus: BDC recommits to seed deals with $50M fund.
Open banking is dead, Techno-Optimists want a war
Marc Andreessen’s manifesto is flawed. But it shows a greater sense of the moment than our politicians.
BDC Capital recommits to leading seed deals in startups across Canada with new $50-million fund
VCs applaud BDC’s commitment to direct seed funding, ask for more emerging manager support.
F|T: The FinTech Times – Is open banking in Canada dead?
Plus: How a Fintech reckoning Is rippling through a small bank in Washington.
Wealthsimple’s Hanna Zaidi on the “lack of political will” harming FinTech innovation
Wealthsimple CCO says FinTech startups are a “second-class citizen” when accessing key infrastructure.
FinTech startup Peloton Technologies announces acquisition of KIS Payments
The deal comes almost four months after Peloton received $1.5M from PacifiCan.
PADS Financial secures $3 million CAD in pre-seed funding, launches online mortgage platform
PADS looks to leverage AI and blockchain with its online mortgage servicing platform.
F|T: The FinTech Times – Procurify, Hiive secure new funding to tackle spend management & secondaries
Plus: Plaid hires first CFO on road to IPO.
Blockchain payments firm Ripple is hiring software engineers in Canada
The San Francisco-based company is looking for software engineers in its Toronto office.