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.
FinTech
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.
Sensibill acquired by Austin-based Q2 Holdings
Q2 bought Sensibill for its financial business data, and machine learning capabilities.
Class action lawsuit filed against Wealthsimple, Shakepay over alleged misleading crypto trading fees
The suit is seeking $10 million in punitive damages from both startups.
F|T: The FinTech Times – Celsius CEO resigns as new reporting points to withdrawal ahead of bankruptcy
Plus: Crypto lender Voyager to sell assets.
HelloSafe secures $4.2 million to expand its financial comparison solution across Canada
HelloSafe claims over one million monthly users in Canada.
WonderFi-owned Bitbuy takes aim at Wealthsimple with stock trading launch
Bitbuy claimed crypto exchanges is a three horse race between WonderFi, Wealthsimple, Coinsquare.
Numida secures $16.7 million CAD in Serena Ventures-led round to equip more African SMEs with working capital
The loans startup plans to expand its services beyond Uganda to across Africa.
Canadian unicorns Neo Financial, Ada lead LinkedInâs 2022 Top Startups list
ApplyBoard appears on list for fourth consecutive year.
Toronto-Waterloo rises, Calgary and MontrĂ©al ecosystems to watch in Startup Genomeâs global FinTech rankings
Vancouver cracks top 10 ecosystems with a population of less than three million.
F|T: The FinTech Times – Competitive intensity
Plus: Amazon, Square launch BNPL in Canada.