WonderFi clears regulatory hurdles, set to close acquisition of registered crypto marketplace Bitbuy
CEOs think deal could mark step towards crypto consolidation, DeFi regulation.
FinTech
Avast acquires SecureKey Technologies as it bulks up its digital identity business
With the acquisition, Avast may have the world’s largest concentration of digital ID experts.
Hardbacon acquires Simple Rate to consolidate financial product comparison tools
Hardbacon is focused on acquisitions that help users bring home the bacon.
Mogo launches venture arm following mixed Q4 with record revenue, large net loss
Mogo attributes most of loss to drop in value of Coinsquare warrants.
PwC digital banking director Abraham Tachjian to be named Canada’s open banking lead
The appointment to come almost a year after its recommendation from the Advisory Committee on Open Banking.
FinTech startup Reach secures $30 million in equity and debt
The deal marks Reach’s first outside capital.
Bootstrapped since 2008, Helcim raises $16 million for Stripe-style payment solution
Pivot in 2020 turned reseller into fast-growing payments FinTech.
How Optimity’s Jane Wang turned a personal tragedy into a life optimization platform
Wang is on a quest to democratize access to wellness and wealth.
F|T: The FinTech Times – Vitalik Buterin has concerns
Plus: The push for open banking progress.
Bank of Canada to collaborate with MIT on digital currency research project
Canada explores digital currency as Biden calls for US to examine its own options.
Wisedocs closes $4.1 million to bring medical document analysis to “entire” insurance ecosystem
Wisedocs’ “bread and butter” is helping insurance orgs work with medical records.
Samos launches insurance product for accidental death during surgery
Waterloo startup claims to offer “world’s first surgical accidental death insurance.”
Canadian FinTech leaders press Government of Canada for progress on open banking
Open letter calls on feds to appoint open banking lead, adopt recommendations outlined in last year’s report.
Apollo Insurance Solutions secures undisclosed Series B financing from Definity
Definity Financial Corporation went public in November.
Corl secures $20 million in USD stablecoin for its revenue-based financing model
Digital assets backed by real-world commercial agreements will offset volatility, companies claim.