Shopify partners with Volt to offer open banking solutions (but not in Canada)
Features available to Shopify merchants in Europe, Brazil, and other markets not beset by implementation delays.
FinTech
Rollout of Canada’s Real-Time Rail payment system delayed again as project undergoes second review this year
Payments Canada cites “current delivery delays, unrelated to the exchange technology components.”
Wealth management startup OneVest raises $17 million CAD Series A
The startup plans to expand to the US and partner with major banks and wealth-management firms.
F|T: The FinTech Times – SEC sets sights on crypto firms Binance and Coinbase
Plus: Interac appoints Jeremy Wilmot as CEO.
BC regulator suspends ex-Blok Technologies CEO, CFO from investment market for misrepresenting 2018 share sale
The suspensions come in response to how a past Blok private placement was publicly communicated.
Interac appoints Jeremy Wilmot as new president and CEO
Interac is set to serve as exchange provider for Canada’s RTR system.
As crypto markets consolidate, Bitbuy debuts new staking offering
Shakepay also joins the list of regulated crypto platforms in Canada.
F|T: The FinTech Times – Now in Canada: Hiive’s VC secondary trading platform
Plus: QED closes on $925M to back FinTech startups globally.
With regulatory approval, Hiive launches VC secondary trading platform in Canada
Closed IPO window, “discount mentality” driving secondary trading.
F|T: The FinTech Times – PayPal spent $1 billion on Xoom, now facing pressure to sell
Plus: Wealthsimple ups user insurance limit.
Bloom raises $7 million to make applying for reverse mortgages easier
Bloom combines the use of an online registration form and live customer service.
F|T: The FinTech Times – Binance set to leave Canada in face of new regulation
Plus: Float launches a new corporate card on back of new growth.
Wealthsimple to let users insure up to $300,000 as global bank failures prompt better depositor protection
When SVB collapsed, US depositors could only insure up to $250,000.
Small business banking platform Vault launches with backing from Google’s Gradient Ventures
Vault’s co-founders have previously worked at Revolut, Koho.
Binance exits Canada as crypto trading platforms feel broader impact of stricter regulations
Binance pulled out of Ontario in 2021 as it wasn’t registered with the province.