Almost sideswiped by a Stripe acquisition, Helcim responds with new Smart Terminal
After Stripe acquired its manufacturing partner, Helcim faced delays and an increasingly competitive environment.
FinTech
Financeit acquires consumer-loans competitor Simply Group Financial
The deal is estimated to be worth between $175-million and $225 million.
F|T: The FinTech Times – Neo launches secured credit card, Robinhood acquires credit card startup
Plus: David Dodge says Canada’s open banking complacency due to “lack of political will.”
Three Canadian FinTech startups hiring full-stack developers
Neo Financial, Helcim, and Shakepay are looking to hire full-stack developers of varying experience levels.
Neo Financial launches secured credit card to help Canadians build credit
The product launch comes as Neo navigates a tough consumer-banking market.
Shopify makes checkout solution Shop Pay available to enterprise retailers not using Shopify
The move represents part of Shopify’s push to woo larger clients.
Chexy raises $1.3 million for platform that lets tenants pay rent with credit cards
Chexy becomes latest FinTech firm to offer rewards for tenants.
F|T: The FinTech Times – Canada’s Real-Time Rail delays are an unmitigated disaster
Plus: Shopify is offering open banking solutions (but not in Canada).
Micharity targets US expansion for its charitable fundraising platform with $7 million Series A
Following years of steady growth with minimal outside capital, Micharity is ready to ramp up.
Shopify partners with Volt to offer open banking solutions (but not in Canada)
Features available to Shopify merchants in Europe, Brazil, and other markets not beset by implementation delays.
Rollout of Canada’s Real-Time Rail payment system delayed again as project undergoes second review this year
Payments Canada cites “current delivery delays, unrelated to the exchange technology components.”
Wealth management startup OneVest raises $17 million CAD Series A
The startup plans to expand to the US and partner with major banks and wealth-management firms.
F|T: The FinTech Times – SEC sets sights on crypto firms Binance and Coinbase
Plus: Interac appoints Jeremy Wilmot as CEO.
BC regulator suspends ex-Blok Technologies CEO, CFO from investment market for misrepresenting 2018 share sale
The suspensions come in response to how a past Blok private placement was publicly communicated.
Interac appoints Jeremy Wilmot as new president and CEO
Interac is set to serve as exchange provider for Canada’s RTR system.