Today in funding: SomaDetect, Metis, CoinSmart
Three Canadian startups have recently announced fresh funding rounds to fuel their growth. Here’s the latest on who raised,…
FinTech
Wealthsimple sells US book of business to Betterment as company claims renewed focus on Canada
Wealthsimple has sold its United States (US) book of business to online financial services company Betterment. The Toronto-based…
FrontFundr looks to help companies go public through new partnership
Silver Maple Ventures, the owner of equity crowdfunding platform FrontFundr and FinTech platform DealSquare, has partnered…
FinTechs on the fence as Interac chosen for Canada’s real-time payments provider
Payments Canada has selected its second solution provider for the country’s upcoming real-time payments system. In response…
Information Venture Partners adds former Georgian investor Jane Podbelskaya as it continues to expand team
Toronto-based venture capital and private equity firm Information Venture Partners (Information VP) has appointed Jane Podbelskaya…
F|T: The FinTech Times – Banking-as-a-service’s new problems
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read…
Clearbanc expands reach of revenue financing model with new product for early-stage founders
Clearbanc is currently testing out a new product in public beta, ClearAngel, that will allow companies at the earliest stages…
Today in acquisitions: Givex, NextPoint Acquisition, Herjavec Group, BIM One
Over the last two weeks, four Canadian tech companies have recently made acquisitions or have been acquired: Givex, NextPoint…
Borrowell raises $25 million to fund acquisition of Refresh Financial
Borrowell has secured $25 million CAD to support its recently closed acquisition of Refresh Financial and overall growth, as…
F|T: The FinTech Times – The 1 in 3.5 million black swan
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read…
Boast.ai secures $100 million credit facility to build Clearbanc for R&D tax credits
Boast.ai has secured a $100 million credit facility to provide companies with up-front loans for their government research…
F|T: The FinTech Times – Canada’s challenger bank rank
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read…
With new execs and new products, Koho says it’s ready to become Canada’s leading challenger bank
The launch of a new credit building product this week is the latest of many moves by Koho to scale its growth and become Canada’s…
Mogo to acquire 20 percent stake in Coinsquare for $56.4 million as crypto space heats up
Vancouver-based FinTech startup Mogo has agreed to purchase a 20 percent equity stake in cryptocurrency startup Coinsquare.…
Mortgage startup Homewise secures $3 million, sees “substantial” growth during pandemic
Homewise, a Toronto-based proptech startup that aims to help homebuyers secure a mortgage through its online platform, has…