As FinTech sector anticipates open banking in Budget 2024, Payments Canada reveals no Real-Time Rail until at least 2026
Payments Canada did not share when it hopes to officially launch the RTR payment system.
FinTech
F|T: The FinTech Times – Canadian banks rank high in global AI innovation
Plus: Haun Ventures gets back into blockchain by investing in Chainalysis.
Harvest Ventures, New York-based IA Capital back Summit’s $3.5-million seed round
Digital insurance broker offers range of products, including to other FinTech firms.
F|T: The FinTech Times – Coinbase secures restricted dealer status in Canada
Plus: Nuvei to go-private in $6.3B deal while Binance kills Bitcoin NFT support.
Brim Financial closes $85-million Series C led by EDC to fund US expansion
FinTech firm fuels up to accelerate growth south of the border.
With latest funding and Scotiabank partnership, Willful sets its sights on profitability
After launching in PEI and Newfoundland in January, Willful now serves all 10 provinces.
BeniPlus secures $1.1 million to simplify employee benefits
BeniPlus offers a wallet system for employees to allocate benefits depending on their needs.
Nuvei to be acquired by US-based Advent and taken private in $6.3-billion USD deal
Nuvei will become the latest in string of publicly traded Canadian tech companies to go private.
F|T: The FinTech Times – Sam Bankman-Fried gets 25 years
Plus: Mogo backs Kaos in WonderFi boardroom battle.
WonderFi responds as shareholders Kaos Capital, Mogo push for board overhaul
Kaos and Mogo want board changes. WonderFi claims Mogo wants control without paying a premium.
Earned wage startup ZayZoon brings on two new backers with Series B extension
The extension brings the FinTech startup’s Series B round to nearly $50 million USD.
F|T: The FinTech Times – WonderFi goes international with Australian crypto licence
Plus: Nuvei confirms it is in takeover talks.
FinTech startup VoPay makes inroads in US, UK markets
VoPay has partnered with New Jersey’s Cross River Bank and joined a UK FinTech accelerator.
Clarius, Fintel Connect among seven Vancouver tech orgs receiving new PacifiCan funding
The regional development agency is doling out nearly $14 million.
SEC orders Delphia to pay $225,000 USD for “false and misleading” statements about use of AI
Toronto startup one of two companies accused by US securities regulator of “AI washing.”