Koho secures $70 million Series C to scale adoption of its digital banking services
Koho has secured $70 million CAD in Series C financing, which sources estimate put its post-money valuation at $300 million.…
FinTech
Wealthsimple launches peer-to-peer payment Cash app nationwide
Toronto-based FinTech startup Wealthsimple has launched its new consumer payment app, Wealthsimple Cash, for users across Canada.…
Nuvei sees strongest growth in company history in fourth quarter, with $115.9 million USD in revenue
The fourth quarter of 2020 represented the strongest period of growth for Nuvei in its company history as it reported revenue…
Wrapbook raises $34 million CAD to capitalize on digital transformation in entertainment industry
Wrapbook, a Toronto and New York-based startup at the intersection of entertainment and FinTech, has raised a $34 million CAD…
F|T: The FinTech Times – Real-time Rail wait-and-see
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read…
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,…
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…