Ottawa-based e-commerce giant Shopify recently announced its first-ever $1 billion revenue quarter. As part of its Q2 2021 financial results, Shopify claimed $1.12 billion in total revenue, up 57% year-over-year. [Read more…] about Shopify Announces First Billion-Dollar Quarter
Toronto-based proptech startup Properly has raised $44 million to scale its tech-enabled real estate brokerage and capitalize on a surging Canadian market. [Read more…] about Properly Raises $44 Million To Expand Brokerage Across Canada
Calgary-based startup Tetra Trust Company recently announced its launch as Canada’s first qualified custodian for crypto assets with approval from the Government of Alberta.
Founded in 2019, Tetra is focused on helping more institutional investors safely story their crypto assets, including bitcoin and ether among other digital assets. Tetra aims to help crypto service providers, investors, and fiduciaries mitigate the risk of theft and loss. The company charges an asset under custody fee and provides escrow services for crypto transactions. [Read more…] about Tetra Trust Becomes Canada’s First Qualified Crypto Custodian
Toronto-based Clearco, formerly known as Clearbanc, has raised $215 million in a growth equity funding round led by Softbank’s Vision Fund 2. [Read more…] about Michele Romanow’s Clearco Raises $215 Million Growth Equity Round
A recent study has found Canada to be the 10th most ‘crypto-ready’ country in the world, ahead of Gibraltar and just behind Germany. [Read more…] about Study Ranks Canada As 10th Most Crypto-friendly Nation In The World
Toronto’s Award Pool, a platform that helps gaming companies find unique ways to engage their audiences with custom made challenges and Non-Fungible Token (NFT) rewards, has raised $2.8 million in funding from over 50 investors including FunFair Technologies, Equivesto, and Flori Ventures. [Read more…] about Award Pool Raises $2.8 Million To Award Gamers with Engaging Challenges
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
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
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