Lendified expressed doubts about moving forward as a company after posting first quarter loss
Lendified said it is running an accumulated deficit of $52.2 million.
FinTech
F|T: The FinTech Times – Crypto losses mount as Canadian companies join anti-money laundering standard
Plus: A third of Bolt’s staff checks out.
Gig economy banking app Moves raises $5 million in OMERS-led seed round
Moves wants to make the gig economy work for its workers.
Wealthsimple among international group of companies joining anti-money laundering crypto standard
Coinbase, Gemini among crypto companies leading the TRUST charge.
F|T: The FinTech Times – More markdowns and down rounds
Plus: Coinbase Slashes Costs, Freezes Hiring Amid Crypto Crash
Brim Financial appoints former Marqeta VP Arthur Zhao as chief financial officer
Arthur Zhao co-led Marqeta to its Nasdaq IPO last year.
Round13 launches new venture fund with initial $70 million USD to back blockchain companies providing “the base” for Web3
Bruce Croxon: Web3 infrastructure “a natural extension” to Round13’s software investments.
Shopify, Crypto.com partnership allows merchants to accept crypto payments
Shopify has been quietly adding crypto payment integrations to its platform.
F|T: The FinTech Times – Crypto’s Terra-ble, horrible, no good, very bad week
Plus: Dapper Labs launches $725 million ecosystem fund for Flow blockchain innovation.
WonderFi, Bitfarms, Tokens.com, CoinSmart post earnings during a volatile period for crypto
Bitcoin sell-off, other factors impact companies’ bottom lines.
Value of Power Corp’s FinTech portfolio drops as Wealthsimple faces second May markdown
Power calls decrease in fair value of Wealthsimple stake “consistent” with broader stock market decline.
FinTech earnings week: revenues up for Nuvei, Propel, Mogo, Payfare
Net income is another matter.
F|T: The FinTech Times – The Neo Unicorn
Plus: Applications are open for the Calgary FinTech Awards.
White Star Capital, Coveo alum-led Lighthouse Labs closes $9.1 million CAD to build a search platform for the metaverse
Montréal’s Lighthouse Labs aims to “be the Google” for virtual worlds. What the hell does that mean?
Dapper Labs launches $725 million ecosystem fund for Flow blockchain innovation
The fund is a joint commitment with participation from a16z, Coatue, Coinfund, others.