F|T: The FinTech Times – More markdowns and down rounds
Plus: Coinbase Slashes Costs, Freezes Hiring Amid Crypto Crash
FinTech
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.
Platform Calgary opens applications for Calgary Fintech Awards
Participating startups get a chance to win up to $250,000.
Neo Financial joins Canada’s unicorns as Peter Thiel’s Valar triples down with $185 million round
Wealthsimple had Paul Desmaris to fuel its growth; Neo has Peter Thiel.
PayTic raises $2.95 million to help banks, credit unions centralize program management
PayTic wants to remove Excel spreadsheets from payment reconciliation.
Pocketed co-founders pocket $25,000 prize money in pitch contest for women entrepreneurs
Pocketed, which helps businesses find grants, gets granted with $25,000.