$86-million Series D extension has Koho targeting growth and profitability
Canadian challenger bank reaches one million users, $100-million run rate.
FinTech
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.
These three FinTech companies are hiring software developers in Canada
Neo Financial, Float Financial, and Ripple are on the prowl for software engineers, devs.
Wealthsimple rolls out private equity offering for retail investors
PE marks the third alternative investing option Wealthsimple has launched since 2022.
Federal Fall Economic Statement promises to expand Payments Canada eligibility, introduce open banking legislation in 2024
Canada commits to “consumer-driven finance” and more powers for the Competition Bureau.
F|T: The FinTech Times – FreshBooks boots CEO, FinTech leaders pressure Liberals on open banking
Plus: WonderFi has now purchased assets from nearly half of Canada’s regulated crypto trading platforms.
“We are still waiting”: FinTech leaders urge Liberals to enact much-delayed open banking rules
Open letter comes on the heels of Conservative bill pressuring federal action on open banking.
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.
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.