With backing from celebrity investors and mortgage lenders, Verifast wants to improve identity, financial verification
Verifast recently closed a $3.5 million seed round.
FinTech
F|T: The FinTech Times – Who is Changpeng Zhao, Canada’s crypto king?
Plus: Bolt’s $1.5 billion deal to buy Wyre dies.
Composer secures $6 million USD to help retail investors adopt sophisticated trading strategies
Despite market downturn, Composer has seen trading volume, AUM grow.
Insurtech ProNavigator secures $10 million to power US expansion
ProNavigator calls itself the “Google Search for Insurance.”
With $20 million, Goldsky aims to make blockchain data easy to use
Plaid founders Zach Perret and William Hockey invested in Goldsky.
F|T: The FinTech Times – Open banking working group failing to address critical issues
Plus: Dapper Labs backs blockchain gaming firm Revolving Games through $13.2 million USD round.
FreshBooks appoints Wayne Jackson as CFO to support global expansion, M&A plans
FreshBooks aims to tap Jackson’s acquisition and public markets experience.
Open banking working group failing to address critical governance, standards issues
Working group participants call governance the latest open banking battlefront as clock to implement keeps ticking.
F|T: The FinTech Times – Clearco comes home, Klarna’s losses triple
Plus: Ticketmaster taps Flow Blockchain to allow organizers to issue NFTs along with tickets.
Learning from embedded FinTech leaders at Traction
CEOs of Mercury and Lendflow explain how to embed FinTech into your startup.
Information VP, National Bank invest in US FinTech FX HedgePool’s $8 million Series A round
FX HedgePool secures support from a pair of Canadian VCs.
Thoughtwire, Finaeo make staff cuts as Canadian tech continues to face economic headwinds
Both companies are staying mum on the number of employees cut.
Clearco hands overseas business to Outfund to focus on North American market
The market exit comes less than a year after Clearco began expanding its international operations.
SureBright raises $3.2 million CAD to reinvent retail insurance
SureBright has integrated its insurance and warranty solution with Shopify vendors.
F|T: The FinTech Times – Canadian FinTech is in the tank, but this challenger bank thinks it can stay afloat with scale
Plus: Canadian tech companies continue to hire despite downturn.