Kin launches $5 million USD crypto defence fund to fight the SEC
The Kin Foundation has launched a “Defend Crypto” defence fund to take on the US Securities and Exchange Commission (SEC),…
FinTech
Borrowell publicly launches AI credit monitoring app as it nears one million users
Toronto-based FinTech Borrowell today made its free credit monitoring app widely available on iOS and Android, as it looks…
Toronto-based CreditGenie acquired by Purpose Financial
Purpose Financial has announced the acquisition of Toronto-based CreditGenie, a startup aiming to disrupt the point-of-sale…
HSBC opens Toronto data lab, will partner with FinTech, AI startups
Last week, HSBC opened a new data lab in Toronto, hoping the new lab will harness AI to develop future products and generate…
F|T: The FinTech Times – From crypto winter to crypto weirder
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read…
Wealthsimple raises $100 million led by Allianz X to build a full stack financial service
Toronto-based Wealthsimple has secured a new $100 million investment round, led by Allianz X, the digital investment unit of…
Portag3 Ventures creates senior advisory group to help build global FinTech businesses
Portag3 Ventures announced on Thursday the creation of its new group of senior advisors, adding six members including industry…
Power Financial now claims 89 percent stake in Wealthsimple following $30 million investment
Power Financial, a notable investor in the FinTech space and a backer of companies like Borrowell, Clearbanc, Koho, and League,…
Nest Wealth acquires Razor Logic Systems, offering investment and financial planning solutions
Toronto-based Nest Wealth, a digital wealth management platform, has acquired Razor Logic Systems, the creator of RazorPlan,…
Koho raises $42 million Series B inside round led by Portag3 Ventures
Toronto-based FinTech startup Koho announced the close of a $42 million Series B round today, led by Portag3 Ventures, with…
QuadrigaCX investigation recovers $28 million of missing assets
Efforts to recover more than $200 million in cash and cryptocurrency from the former trading platform QuadrigaCX have resulted…
Breathe Life launches first product following $4.5 million CAD Seed round
Montreal insurtech startup Breathe Life, which offers consumer-centric digital solutions for the insurance industry, announced…
CIBC launches new banking platform for small and medium-sized business
CIBC has partnered with Intuit Canada, Ceridian and Xero to launch a new digital banking platform for small and medium-sized…
F|T: The FinTech Times – A new FinTech task force
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read…
Toronto-Waterloo takes top Canadian spot in startup ecosystem rankings, Vancouver nosedives
Vancouver’s place in the startup ecosystem rankings has significantly dropped, while Toronto-Waterloo is making a steady…