Crypto sector says Canada’s regulatory uncertainty limiting domestic innovation
Industry leaders argue risk aversion to blame for country’s patchwork rules and slow implementation.
FinTech
Manzil launches “halal version of Robinhood” in US as it eyes global growth
The Islamic FinTech startup is moving from managed investing to self-directed trading.
Canada’s real-time rail system will launch this year after achieving “critical milestone”
After years of consultations and delays, finance minister approves the RTR system’s bylaw and rules.
Mortgage B-lender Haventree launches online bank
Schedule 1 Canadian bank now offers chequing-and-savings accounts and GICs.
Paystone enters creditor protection, pursues debt restructuring, sale
London FinTech firm says debt-fuelled acquisition spree, billing error leave its options limited.
US finance app SoFi acquires Composer to add AI investing strategies
Acquisition of Toronto FinTech bolsters SoFi’s case to be “the everything app for digital financial services.”
Feds release proposed open banking regulations
Draft rules would require banks to share account, transaction data upon request.
Float announces $85-million Series C round to support AI push
Fast-growing Toronto FinTech now serves more than 7,500 Canadian businesses.
Restaurants call on courts to force XTM to repay missing funds
FinTech’s payments platform abruptly collapsed earlier this year
Q&A: How open banking could leave small FinTechs out
FDATA head Steve Boms argues for a “sponsored” accreditation model in Canada.
Blossom Social raises more than $2 million through FrontFundr campaign
Funding will help the social network for investors continue its global expansion.
Tetrix raises $15 million USD to excavate investor data buried in old technolgies
Canadian co-founded, New York-based investment intelligence platform will expand Montréal office with new funding.
Wealthsimple bets on a complex market
Plus: Feds force through controversial Bill C-22.
Questrade launches custom indexing as massive IPOs reshape the market
CPO says there’s demand for portfolio flexibility ahead of blockbuster IPOs from Anthropic and OpenAI.
Wealthsimple partners with US exchange Kalshi to launch prediction market app
Users can only make predictions on climate, economic markets, and financial indicators.