F|T: The FinTech Times – Synctera and Monarch Money seek to fill Canadian finance gaps
Plus: Block rival SumUp defies FinTech funding slump with $307 million cash injection.
FinTech
Woveo closes $2.3 million to expand community wallet platform for underserved banking customers
As cost of borrowing increases, Woveo wants to help non-prime customers save, build credit.
Synctera launches embedded banking platform in Canada
Canadian launch comes nine months after Synctera landed $15 million from National Bank.
As Intuit winds down Mint, financial planning app Monarch Money comes to Canada
US-based Monarch “fast-tracked” its Canadian expansion after the Mint shutdown news.
Vistara Growth secures $200-million CAD initial close for fifth private credit fund
Vistara sees opportunity post-SVB as bank lenders, VCs pull back.
F|T: The FinTech Times – Wealthsimple targets fourfold AUM growth, Koho targets profitability
Plus: Brex, Block, Flinks, and Shakepay unveil new product offerings.
Bitkey lead calls Canada an important market as Block launches new self-custody Bitcoin wallet worldwide
Block bills Bitkey as a simpler alternative to other self-custody Bitcoin storage options.
$86-million Series D extension has Koho targeting growth and profitability
Canadian challenger bank reaches one million users, $100-million run rate.
FinChat secures $1.5 million USD from Social Leverage to expand AI-powered stock research platform
FinChat surpassed 100,000 users within a month of its launch.
Montréal FinTech firms target payments with latest offerings
Both Flinks and Shakepay reveal new payment services for businesses and consumers.
Brex launches corporate card, expense offering targeting Canadian workers at US firms
The new offering comes over a year after Brex chose to “pivot away from SMBs.”
F|T: The FinTech Times – Apple cuts Goldman’s card, Coinbase praises Canadian crypto regulation
Plus: Willow.ca acquired by rental platform Guiker.
Real estate investment startup Willow.ca acquired by rental platform Guiker
Majority of Willow’s team “offboarded” prior to acquisition, CEO to join Guiker.
F|T: The FinTech Times – Feds make new open banking promises to positive reception
Plus: Kraken in SEC’s sights as Binance founder Changpeng Zhao steps down, pleads guilty.
FinTech startup Peloton Technologies closes $2 million in seed financing
Executive chair says the capital will fuel the startup’s acquisition strategy.