Bank of Canada’s Ron Morrow: FinTechs “need to be ready” for upcoming retail payments regulations
Morrow expects the Bank will begin registering payments service providers in 2024.
FinTech
F|T: The FinTech Times – Vitalik Buterin at the crypto cabana
Plus: Biggest Africa startup battles multiple allegations in IPO runup.
Market watch: Q4 Inc., E Inc., Goeasy Ltd., BBTV Holdings Inc.
Companies are working to weather challenging market conditions.
Talk of regulation, market conditions collide with glitzy behaviour at Blockchain Futurist Conference
At the crypto cabana there was no sign of a downturn.
Home and auto insurance marketplace YouSet raises $2.1 million, launches in Ontario
The Montréal startup plants its feet in Ontario in preparation for a nationwide launch.
Market watch: Nuvei, Propel, Payfare, and Mogo
FinTech companies ride out a turbulent market.
Wagepoint acquires KinHR to offer employee management software
KinHR marks Wagepoint’s second acquisition after securing $10 million from PSG.
As other lenders collapse, Ledn bets conservative approach will help startup survive crypto winter
Ledn co-founder eyes M&A, anticipates more crypto lending regulation amid crash.
CIBC latest Big Six bank to partner with a FinTech on private open banking API
CIBC pens data access agreement with Utah-based MX.
F|T: The FinTech Times – Wealthsimple’s growth stalls, Robinhood’s retail investors flee
Plus: Kirk Simpson, Peter Carrescia team up with an idea to disrupt the digital identity space.
Kirk Simpson, Peter Carrescia team up to raise $6.5 million CAD with an idea to disrupt the digital identity space
OMERS, Wittington, and Round13 have all backed Qui Identity.
FreshBooks secures $100 million USD debt facility from BMO, J.P. Morgan
With fresh funds, FreshBooks wants to continue global expansion, strategic acquisitions.
ZayZoon raises $25.5 million to expand its earned wage access business across the US
ZayZoon’s earned wage access model never caught on in Canada, but took off south of the border.
QuadFi uses AI to make it easier for Canadian newcomers to obtain financing
The B Corp aims to give immigrants a boost with low-interest loans.
F|T: The FinTech Times – Clearco, Coinsquare cut staff as Portage launches new late-stage fund
Plus: Caisse needs to explain its risky bet on crypto lender Celsius.