National Bank of Canada has taken a majority stake in Montreal fintech startup Flinks after a $103 million investment that includes $30 million in growth capital to accelerate North America expansion. [Read more…] about National Bank of Canada Invests $103 Million in Montreal’s Flinks
KOHO Launches Instant Pay Ushering In A New Era Of Payroll Infrastructure
KOHO is making everyday a pay day for individuals all over the country.
Furthering their commitment to equip all Canadians with control over their finances, the Toronto-based fintech has launched Instant Pay with select partners and users. [Read more…] about KOHO Launches Instant Pay Ushering In A New Era Of Payroll Infrastructure
EonLabs’ AI-powered Trading System Outperforms Bitcoin With 530% Return
Vancouver’s EonLabs has delivered investment returns that most could only dream of. Their system conducts thousands of lightning-fast trades per day, churning through $3 billion in monthly trade volume – generating 530 percent growth since September 2020. [Read more…] about EonLabs’ AI-powered Trading System Outperforms Bitcoin With 530% Return
Float Raises $5 Million For Corporate Credit Card Platform
Toronto fintech startup Float has secured $5 million in financing consisting of a $4 million equity round co-led by Susa Ventures and Golden Ventures and $1 million in debt financing from Silicon Valley Bank. [Read more…] about Float Raises $5 Million For Corporate Credit Card Platform
Financeit Reaches New Milestone With $2 Billion In Loans
Toronto’s Financeit, Canada’s leading point-of-sale financing provider in the home improvement sector, has reached another funding milestone as they have officially exceeded $2 billion in loan originations. [Read more…] about Financeit Reaches New Milestone With $2 Billion In Loans
Olympia Trust Cancels Plans To Pursue Bitcoin Custodian Service
Olympia Trust has ended its plans to provide a Bitcoin custody service citing “internal risk appetite due to current market conditions.” [Read more…] about Olympia Trust Cancels Plans To Pursue Bitcoin Custodian Service
Crypto Custodian Brane Capital Announces Public Listing Plans
Ottawa’s Brane Capital has announced plans to become a publicly traded company in fall 2021. [Read more…] about Crypto Custodian Brane Capital Announces Public Listing Plans
Nesto Raises $76 Million To Offer Canadians “Low From the Get Go” Mortgage Rates
Montreal-based fintech startup nesto has raised a $76 million Series B funding round led by Michael Rowell and Michael Paulus, the entrepreneurs behind Assurance IQ, which was sold to Prudential Financial in 2019. [Read more…] about Nesto Raises $76 Million To Offer Canadians “Low From the Get Go” Mortgage Rates
KYC Leader Trulioo Becomes A Unicorn With $1.75 Billion Valuation
Vancouver’s Trulioo has completed a $394 million Series D round at a massive $1.75 billion valuation, joining Canada’s growing stable of unicorns.
Trulioo is a global identity network enabling companies to reliably onboard customers in a digital-first world. For Trulioo’s customers, this speeds international expansion, mitigates fraud risk, and ensures regulatory compliance. [Read more…] about KYC Leader Trulioo Becomes A Unicorn With $1.75 Billion Valuation
Bench Raises $72.5 Million To Expand Beyond Accounting with Bench Banking
Vancouver’s Bench has raised a $72.5 million in Series C financing led by Contour Venture Partners.
The funding round more than doubles Bench’s total funding to over $120 million, and was supported by existing investors Altos Ventures, iNovia Capital, and BMO T&I, and new investors including Sage and Shopify. [Read more…] about Bench Raises $72.5 Million To Expand Beyond Accounting with Bench Banking