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.
FinTech
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.
Payments Canada delays Real-Time Rail payment system launch (again)
PayTechs of Canada executive director calls process “disappointing” and “absurd.”
Quandri raises $2 million CAD to automate time-consuming, repetitive tasks for insurance industry
CEO says Quandri has seen “insane growth” since investing in sales and marketing.
F|T: The FinTech Times – Wealthimple, Shakepay face class action allegations
Plus: Binance’s half a billion crypto hack.
RBC continues healthcare strategy with MDBilling acquisition
MDBilling builds on RBC’s purchase of Dr.Bill in 2020.
Crypto lending startup Ledn to acquire Arxnovum to expand into asset investments
The transaction is expected to close in the fourth quarter of this year.
Sensibill acquired by Austin-based Q2 Holdings
Q2 bought Sensibill for its financial business data, and machine learning capabilities.
Class action lawsuit filed against Wealthsimple, Shakepay over alleged misleading crypto trading fees
The suit is seeking $10 million in punitive damages from both startups.
F|T: The FinTech Times – Celsius CEO resigns as new reporting points to withdrawal ahead of bankruptcy
Plus: Crypto lender Voyager to sell assets.
HelloSafe secures $4.2 million to expand its financial comparison solution across Canada
HelloSafe claims over one million monthly users in Canada.
WonderFi-owned Bitbuy takes aim at Wealthsimple with stock trading launch
Bitbuy claimed crypto exchanges is a three horse race between WonderFi, Wealthsimple, Coinsquare.
Numida secures $16.7 million CAD in Serena Ventures-led round to equip more African SMEs with working capital
The loans startup plans to expand its services beyond Uganda to across Africa.
Canadian unicorns Neo Financial, Ada lead LinkedIn’s 2022 Top Startups list
ApplyBoard appears on list for fourth consecutive year.