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.
FinTech
Manzil launches âthe Halal version of Wealthsimpleâ 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 SingleKeyâs user base.
Wealthsimple first FinTech startup approved by Bank of Canada for direct settlement
The approval will give Wealthsimple direct access to Real-Time Rail.
Mortgage startup Perch raises $4 million with continued backing from venture arm of National Association of Realtors
Perch wants to use data to change mortgages and real estate.
F|T: The FinTech Times – FinTech startups say whatâs happening in Canada is “not normalâ
Plus: Abraham Tachjian says open banking work “absolutely” on track.
Amid questions on progress, Canadaâs open banking lead says implementation âabsolutelyâ remains on track
Abraham Tachjian says 2021 open banking report is his âroadmap.â
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 âdisappointingâ and âabsurd.â
Quandri raises $2 million CAD to automate time-consuming, repetitive tasks for insurance industry
CEO says Quandri has seen âinsane growthâ 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 RBCâs 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.