Wiseday enters Canada’s digital mortgage space with “instant” pre-approval process
Wiseday is led by RenoRun, Hopper, Ssense, Ubisoft, Nesto alumni.
FinTech
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.
Yield Exchange nabs $110,000 after winning both SAAS NORTH 2022 pitch competitions
The Vancouver startup provides an online marketplace for guaranteed investment certificates.
FTX fallout could set back investment in Canadian crypto companies for years, experts say
“Gone are the days of not doing full due diligence.”
Canadian tech layoffs continue as tough year comes to a close
Properly, TealBook, D2L, League among latest firms to cut staff amid economic downturn.
Intuit launches third edition of Prosperity Accelerator for Toronto FinTech startups
Amid slowdown in FinTech funding, Intuit wants to continue helping startups scale.
F|T: The FinTech Times – The FTX clustercuss has ties to Canadian tech
Plus: FinTech investor Holt Xchange launches Web3 fund.
FTX’s fall could have implications for more Canadian orgs than just Ontario Teachers’
Crypto exchange FTX files for bankruptcy in US, CEO Sam Bankman-Fried steps down.
FinTech investor Holt Xchange launches fund at intersection of Web3, sports media, entertainment
Advisory council includes DeMar DeRozan, Raine Maida, and Milos Raonic.
Ontario Teachers-backed FTX plans sale to competitor Binance following liquidity crunch
Ontario Teachers isn’t the only Canadian pension fund to be burned by a bad crypto investment.
F|T: The FinTech Times – Layoffs hit Stripe and Chime
Plus: Mogo might get delisted from the Nasdaq.
Hopper closes $96 million USD from Capital One at more than $5 billion valuation
Capital One became Hopper’s first B2B client in 2021 after leading its Series F round.
Market watch: Lightspeed, Nuvei increase revenues but reports lead shares to fluctuate
Lightspeed’s share price dropped after the report was tabled.
Dapper Labs lays off 22 percent of staff
Vancouver tech startups Dapper and Hootsuite both made layoffs this week.