F|T: The FinTech Times – The inevitable arrest of SBF
Plus: Nesto raises $80 million series C.
FinTech
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.
F|T: The FinTech Times – Canadian crypto leaders want “consequences” after FTX fall
Plus: Pipe on the hunt for a new CEO.
Wiseday enters Canada’s digital mortgage space with “instant” pre-approval process
Wiseday is led by RenoRun, Hopper, Ssense, Ubisoft, Nesto alumni.
Legal tech startup Clio advances its FinTech play with launch of payments product in Canada
Clio claims to have processed over $1 billion USD in legal transactions.
F|T: The FinTech Times – Klarna slows expansion, Ripple targets the EU
Plus: Canadian tech layoffs continue.