BetaKit’s most-read March stories show #CDNtech sector struggles continue as government innovation promises continue to lag
SVB’s collapse kicked off a month that included new layoffs, bankruptcies, and AI disruptions.
FinTech
LayerZero Labs raises $120 million at $3 billion valuation to enable more multi-blockchain apps
VCs continue to bet on long-term growth for crypto despite volatile market.
F|T: The FinTech Times – Canadian FinTech startups tired of open banking waiting game
Plus: Federal budget 2023 commits to cleantech, little else
WonderFi, Coinsquare, CoinSmart to merge as Canada’s crypto industry consolidates
Canadian crypto love triangle ends in three-way merger.
PureFacts acquires Xtiva to bolster its revenue management solutions
The combined company will offer a complete revenue management platform.
With no open banking update in #Budget2023, FinTech executives are increasingly jaded about timeline for delivery
Working groups resume April 14th, but open banking lead departs in September.
F|T: The FinTech Times – FreshBooks cuts 10 percent of staff to target profitability
Plus: Jack Dorsey’s Block accused of facilitating fraud.
Québec budget aimed at stimulating the economy with investments in tech sectors, skilled labour
Cleantech, FinTech, AI, and quantum sciences are getting attention.
FreshBooks lays off 10 percent of staff as company targets profitability
FreshBooks’ second round of layoffs since December sees third C-suite exec depart in past year.
F|T: The FinTech Times – Signature Bank collapse another blow to crypto
Plus: SVB Canada forced into liquidation, paving way for auction
After losing $10,000 in crypto, Staging Labs co-founder developing solutions to protect digital assets
Staging Labs secures $1.1 million to protect crypto wallets against scams, fraud.
Regulators force Silicon Valley Bank Canada into liquidation, paving way for auction
Wind-up follows OSFI taking control of SVB Canada earlier this week.
F|T: The FinTech Times – Stripe looks to raise another $6 billion
Plus: How the Silicon Valley Bank shutdown might impact Canadian tech.
As regulators take over SVB Canada, companies still have questions about impact
CCI estimates low risk for the majority of Canadian companies.
How the Silicon Valley Bank shutdown might impact Canadian tech
The SVB run is done. What comes next?