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.
FinTech
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.
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.
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.