Riot Platforms raises stake in Bitfarms following Riot’s rejected takeover bid
Riot says decision prompted by allegations in former Bitfarms CEO’s lawsuit with company.
FinTech
F|T: The FinTech Times – Bench and Shopify alumni get $11 million to launch “Stripe for accounting”
Plus: Neo Financial credit products will now report to Equifax.
Daniel Vranesic of TXIO is on a mission to improve personal finance
The Neontra app offers a foundation for financial wellness.
Paytm, PSP Investments alumni announce $5.25 million to build a super app for Canadian immigrants called Beacon
Beacon aims to become ‘the trusted brand for immigrants to Canada.’
Pesa is banking on Canadians’ sense of duty
The very personal world of cross-border transactions.
Blossom closes $2.1 million to grow its investing social network in the US
After abandoning its brokerage vision, Blossom plans to remain a social platform.
F|T: The FinTech Times – Is Canada an easy mark for international money laundering?
Plus: ZayZoon returns its services to Canada after years in the US.
Bench and Shopify alumni announce $11 million CAD to build “the Stripe for accounting” with Teal
Vancouver-based Teal provides bookkeeping infrastructure to vertical SaaS companies.
Earned wage startup ZayZoon returns its services to Canada
ZayZoon focused on servicing the United States after struggling to take on Canadian clients in 2016.
Baseline closes $2.2 million CAD to help private lenders manage their businesses
Lender-turned-software-startup targets growing private lending market.
F|T: The FinTech Times – Wealthsimple begins offering mortgages with Pine partnership
Plus: Binance caught in anti-money laundering crosshairs.
FINTRAC fines crypto giant Binance $6 million for flouting anti-money laundering laws
The penalty comes shortly after an Ontario court certified a class action against the firm.
#CDNtech companies Nuvei, WonderFi, Thinkific saw revenue growth in Q1 2024
NowVertical’s revenue for 2023 also increased by 91 percent year-over-year to $51.7 million.
Wealthsimple enters mortgage space through Pine partnership
Wealthsimple partners with the “Wealthsimple for home buying” to help customers avoid a “sucker rate.”
F|T: The FinTech Times – Jack Dorsey’s Block investigated by US federal prosecutors
Plus: Binance CEO sentenced to four months.