Binance is appealing $6-million CAD fine from FINTRAC, report says
Canada’s anti-money laundering agency fined the crypto exchange in May for registration and reporting failures.
FinTech
TD Bank launches Innovation Partners banking platform for tech companies
TD Innovation Partners’ leadership team is almost entirely ex-SVB and ex-RBCx leaders.
Chexy secures $4.1 million to improve its rent-to-rewards platform’s payments infrastructure
Chexy is looking to become a one-stop shop for tenants paying their monthly rent and expenses.
Tax credit, grant financier Finalta Capital secures $31 million in funding
Lender aims to provide additional $100 million in tax credit and grant financing over the next two years.
F|T: The FinTech Times – Brex drops a CEO and looks to IPO
Plus: An exclusive interview on the new Float product launches.
Led by former Solium CEO, CreditApp secures $2.7 million to commercialize auto lending software
Inovia-backed CreditApp aims to bring innovation to the auto-lending market.
Float launches bill payments and personal expense reimbursement products
FinTech startup aims to help businesses pay bills and reimburse out-of-pocket expenses faster.
F|T: The FinTech Times – The unravelling of LoanSnap after raising $100 million
Plus: Ratehub has a new CEO.
Executive turnover continues in Canadian tech as Ratehub names new CEO
Healwell, TryCycle, Userful, and more also make changes to the top.
Canadian-founded Staging Labs acquired by Merkle Science
Staging Labs uses real-time tech to detect and block malicious crypto transactions.
Apollo Insurance closes $18.5 million CAD for new buy now, pay later subsidiary
FinShore allows Apollo’s customers to defer payments on their insurance premiums.
F|T: The FinTech Times – Bitfarms bites back at activist takeover
Plus: Nesto eyes controlling stake in CMLS Financial.
These three organizations are making tech hires in Ontario
Ripple, Koru, and Western University are calling on Ontarians to join their tech teams.
Consensus crypto conference coming to Toronto in 2025
More than 15,000 attendees and 550 speakers are at this year’s Consensus Web3 conference in Austin, Texas.
BCV leads second round in Relay, as SMB-focused FinTech closes $44-million CAD Series B
Startup targets profitability and $100-million USD run rate by end of 2025.