F|T: The FinTech Times – Bad news comes in threes for Dapper Labs
Plus: Roham on the hot seat.
FinTech
Uplinq partners with World Bank Group-linked global network to educate on financial inclusion
FinTech recently raised $820,000 CAD for its global credit assessment platform.
F|T: The FinTech Times – Canadian regulators tighten crypto rules as Dapper Labs cuts staff, faces class action
Plus: Ant profit falls 83 percent.
Backed by Bay Street veterans, Obsiido wants to make alternative investing accessible
Obsiido emerges from stealth with $815,000 pre-seed round.
CDPQ makes executive changes following Celsius investment write-off
Crypto winter chill touches more Canadian funds, startups.
Dapper Labs cuts another 20 percent of staff while fending off class action suit
The move marks Dapper Labs’ second round of layoffs since November as it contends with declining NFT sales.
Dapper Labs faces lawsuit claiming NBA Top Shot NFTs are securities
Judge denies Dapper Labs’ request to toss out proposed class action in February 22 decision.
Canadian securities regulators tighten rules for crypto platforms following Voyager, Celsius, FTX collapse
CSA cracks down on stablecoins, prohibits leverage, raises expectations regarding asset custody and segregation.
F|T: The FinTech Times – Bank of Canada’s Ron Morrow: “it is your one chance to shape the regime.”
Plus: Stripe’s attempt to raise $55 billion.
Proposed regulations for Retail Payment Activities Act open for public comment
Bank of Canada’s Ron Morrow: “It is your one chance to shape the regime.”
Report: investment in Canadian FinTech dropped almost $6 billion USD in 2022
But overall investment was still bigger than 2020.
F|T: The FinTech Times – Layoffs continue to hit Canadian FinTech
Plus: PayPal’s CEO to retire at the end of 2023.
Thinkific, WonderFi, VerticalScope face leadership changes following layoffs
Canadian tech companies hit with executive exodus amid sector downturn.
As unregulated crypto players collapse around the world, Netcoins expands into the US
Canadian firm aims to offer “compliant” alternative to unregistered US exchanges.
Levr.ai closes $1 million in pre-seed funding to simplify loan applications
After seeing qualified businesses struggle to secure financing, Levr.ai sought to create an easier process.