F|T: The FinTech Times – Canadian FinTech investment drops to pandemic lows
Plus: PayPal gets new CEO, Coinbase looks to be long-term leader in Canada.
FinTech
FinTech vertical sluggish as investors worry over economy, KPMG report says
FinTech valuations are the weakest since COVID-19 hit in the first half of 2020.
Coinberry team relaunches with APX Lending platform prioritizing ‘safety and security’
APX Lending says it stresses integrity and reliability in its crypto dealings.
Coinbase says it wants to be a long-term leader in Canada’s crypto market
With “regulatory clarity” and a new country director, Coinbase says it’s ready to grow in Canada.
How a cold DM to a16z helped Finofo raise its $1.6-million CAD pre-seed round
After launching tools for cross-border payments, Finofo aims to become “all-in-one” solution for finance teams.
F|T: The FinTech Times – FinTech platforms are leaning more on buy now, pay later
Plus: Desmarais family quietly reshapes a financial empire.
F|T: The FinTech Times – Neo Financial goes all-in on partner credit cards, US regulators worry of Binance bank run
Plus: National Bank acquires Silicon Valley Bank’s Canadian commercial loan portfolio.
Neo Financial goes all-in on embedded finance with new suite of credit cards
The FinTech startup is partnering with Tim Hortons, Cathay Pacific to offer rewards.
National Bank acquires Silicon Valley Bank’s Canadian commercial loan portfolio
The $1-billion CAD portfolio includes $325 million CAD in outstanding loan commitments.
F|T: The FinTech Times – Stripe to power Shopify’s new business credit card
Plus: How the partnership between Apple and Goldman Sachs soured.
Luge Capital’s David Nault on making investment decisions through the AI hype cycle
Nault: AI is the “latest shiny thing that a lot of people are running after.”
DeFi company Wellfield inks deal to acquire crypto custodian Brane Trust
Canadian crypto consolidation continues with Toronto, Ottawa firms set to join forces.
Foxquilt raises $12 million to expand small business insurance solution in North America
Foxquilt uses data analytics and AI to match businesses with insurance products.
Shopify reveals AI suite, business credit card, dropshipping-like feature in latest product showcase
Canadian rapper Drake launched his website Drake Related using Shopify Collective.
MindBridge closes $60 million USD from US growth equity firm, appoints interim CEO
AI-powered auditing-tech firm adds new interim leader as CEO and founder depart.