F|T: The FinTech Times – Wealthsimple achieves a Canadian FinTech first, plots new products
Plus: Mastercard to help make crypto trading easier.
FinTech
Super Advisor secures $2 million to give financial advisors independence
Rhino Ventures-backed Super Advisor wants to help financial advisors strike out on their own.
SingleKey acquires competitor Naborly to take the risk out of renting
The deal stands to triple SingleKey’s user base.
Wealthsimple first FinTech startup approved by Bank of Canada for direct settlement
The approval will give Wealthsimple direct access to Real-Time Rail.
Mortgage startup Perch raises $4 million with continued backing from venture arm of National Association of Realtors
Perch wants to use data to change mortgages and real estate.
F|T: The FinTech Times – FinTech startups say what’s happening in Canada is “not normal”
Plus: Abraham Tachjian says open banking work “absolutely” on track.
Amid questions on progress, Canada’s open banking lead says implementation “absolutely” remains on track
Abraham Tachjian says 2021 open banking report is his “roadmap.”
NorthOne raises $92.1 million CAD to build new working capital, credit products
Toronto-founded NorthOne moved its HQ to New York to serve its American client base.
Payments Canada delays Real-Time Rail payment system launch (again)
PayTechs of Canada executive director calls process “disappointing” and “absurd.”
Quandri raises $2 million CAD to automate time-consuming, repetitive tasks for insurance industry
CEO says Quandri has seen “insane growth” since investing in sales and marketing.
F|T: The FinTech Times – Wealthimple, Shakepay face class action allegations
Plus: Binance’s half a billion crypto hack.
RBC continues healthcare strategy with MDBilling acquisition
MDBilling builds on RBC’s purchase of Dr.Bill in 2020.
Crypto lending startup Ledn to acquire Arxnovum to expand into asset investments
The transaction is expected to close in the fourth quarter of this year.
Sensibill acquired by Austin-based Q2 Holdings
Q2 bought Sensibill for its financial business data, and machine learning capabilities.
Class action lawsuit filed against Wealthsimple, Shakepay over alleged misleading crypto trading fees
The suit is seeking $10 million in punitive damages from both startups.