Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform
Ten Coves Capital, EDC join existing backers Information VP, HarbourVest.
FinTech
Hiive secures $5.7-million CAD Series A to improve VC secondary trading
Hiive is still seeing a significant bid-ask spread for secondary stakes on its platform.
F|T: The FinTech Times – Consumer payments startup Braid shuts down, Goldman Sachs drops BNPL
Plus: Ten Key Labs secures $10.5 million, launches AI equity management tool for founders.
Ten Key Labs secures $10.5 million, launches AI equity management tool for founders
Extreme Venture Partners, Xtreme Labs alum secures backing from Craft Ventures, Shopify angels, Wave co-founder.
Quickly secures $10 million in equity and debt to help businesses pay vendors promptly
Quickly claims to solve the delayed-payment problem for B2B companies.
F|T: The FinTech Times – Canada’s open banking lead extends his term as delays continue
Plus: Clearco recapitalizes, WonderFi eyes Nasdaq.
WonderFi files SEC registration statement as crypto firm eyes Nasdaq listing
CEO called the move “an important first step” towards US expansion.
Pine acquires Properly to capture more of the Canadian home-buying process
Digital mortgage firm aims to build the former proptech into Canada’s top real estate website.
Clearco secures new equity financing from existing investors and asset-backed facility as struggling financier recapitalizes
Inovia, Founders Circle double down on Clearco with SVB debt buyback, $60-million Series D.
Canadian FinTech companies launch open banking public action campaign as delays continue
Canada’s open banking lead, Abraham Tachjian, will extend his tenure to the end of 2023.
F|T: The FinTech Times – Wealthsimple partners with Interac, Luge Capital is ready to cut cheques
Plus: Neo Financial, Float headline LinkedIn top startups list.
Neo Financial, Float, and Cohere headline LinkedIn’s sixth annual list of Canada’s top 15 startups
Neo Financial joins Wealthsimple as only companies to top list in multiple years.
Wealthsimple to join Interac e-transfer system under expanded access guidelines
Wealthsimple becomes first securities dealer to join Interac’s service, but yearns for RTR payment system.
Luge Capital looks to buck FinTech trends with $71-million CAD first close of new fund
FinTech-focused firm targets $100-million fund and expanded team across Canada.
F|T: The FinTech Times – Jack Dorsey is back at the head of Square
Plus: Moneris goes down, Netcoins get breached (again).