Mogo at risk of being delisted from Nasdaq for sub-$1 USD share price
The Vancouver FinTech startup has 180 days to get over $1 USD.
FinTech
Blossom Social secures $750,000 to build “Canada’s first social brokerage”
Amid market downturn, CEO says community is “more important than ever” for retail investors.
F|T: The FinTech Times – Wealthsimple stakes its crypto claim
Plus: WonderFi swaps CEO as company plans stock trading, sports betting hedge.
Float quadruples revenue YoY despite increased competition, choppy economy
CEO: “In terms of new entrants, we’re clearly the fastest-growing and the largest.”
Wealthsimple becomes first regulated Canadian crypto platform to offer staking
“We continue to push the boundaries…and have lots more in store.”
WonderFi swaps CEOs, plans hedge against crypto volatility with stock trading and sports betting
New CEO brings operational experience as WonderFi looks to diversify beyond crypto to find new revenue streams.
Manzil launches “the Halal version of Wealthsimple” for Muslim Canadians
Manzil aims to help Muslims balance financial needs and religious requirements.
F|T: The FinTech Times – Wealthsimple achieves a Canadian FinTech first, plots new products
Plus: Mastercard to help make crypto trading easier.
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.