Nuvei enters $1.7 billion CAD deal to acquire US payments tech firm Paya
Paya’s share price climbed by 24 percent following the news of its potential acquisition.
FinTech
Year in review: biggest tech stories of 2022, 2023 predictions
Plus: 2022’s most overlooked tech stories.
Payments Canada pens open letter to Minister of Finance to expand organization’s membership eligibility
Koho, ATB Financial, Fintechs Canada part of call to include more startups in “formal system.”
CEO of Briza steps down as insurtech startup cuts close to half of its staff
Briza’s leadership includes FreshBooks founder Mike McDerment and former director of engineering Rishi Sharma.
F|T: The FinTech Times – The inevitable arrest of SBF
Plus: Nesto raises $80 million series C.
Subsidiaries of FinTech startup Lendified face creditors over unpaid loans
Creditors move to seize Lendified assets after company defaults over some $6.6 million.
Layoffs persist at Canadian tech companies amid bleak outlook for 2023
FreshBooks, Thinkific, Revelate, Bridgit among latest firms to cut staff amid downturn.
Walnut Insurance secures $4 million CAD to help FinTechs deliver embedded insurance programs
Walnut has partnered with Neo Financial, Nuula to launch their insurance products.
Nesto raises $80 million CAD in Series C financing
The round was led by Power company IGM Financial.
Plooto closes $27 million CAD Series B to help SMBs manage cash flow
Plooto plans to double down on product-led growth strategy.
F|T: The FinTech Times – Is CPPI out on crypto?
Plus: Plaid lays off 20%, Delphia makes acquisitions.
AI-driven investment startup Delphia acquires Fathom Privacy to increase transparency with user data
Users pool their data together through Delphia with the goal to improve investment strategies.
Fintel Connect closes $4.8 million CAD to help financial institutions drive cost-effective growth
BankTech Ventures, EDC-backed Fintel Connect eyes US expansion.
F|T: The FinTech Times – BlockFi bankruptcy, Buckzy takes the smart money, the Kraken is re-leashed
Plus: FTX collapse hits Gadze Finance.
Cross-border payments startup Buckzy takes the smart money in downscaled $19.5 million CAD Series A
In challenging market, Buckzy opts for smaller round to hit escape velocity in 2023.