Payment processing giant Stripe and Evolve Bancorp will power two products within Shopify Balance, the Canadian e-commerce giant’s business banking offering first revealed earlier this year. [Read more…] about Shopify Balance To Be Powered By Stripe, Evolve Bancor
News
Lightspeed Acquires Restaurant Software Company Upserve
Montreal’s Lightspeed has acquired Upserve, a leading restaurant management cloud-software company based in Rhode Island.
The acquisition strengthens Lightspeed’s position as an industry leader with high-performing restaurateurs across the United States as those restaurants refine the digital dining experience. [Read more…] about Lightspeed Acquires Restaurant Software Company Upserve
Thinking Capital Acquires Fintech Startup Ario
Ario, an Ottawa-based fintech startup that offers cost-efficient digital lending to small to medium-sized businesses (SMBs), has been acquired by another small business lender, Thinking Capital.
Ario’s platform uses data and algorithms to offer lending and cash flow management solutions for small businesses. [Read more…] about Thinking Capital Acquires Fintech Startup Ario
BMO Launches New AI Tool CashTrack Insight
To help customers improve their financial wellness, BMO Bank of Montreal has introduced its BMO CashTrack Insight – an artificial intelligence (AI) driven capability that identifies potential cash shortfalls and helps customers better manage upcoming expenses. [Read more…] about BMO Launches New AI Tool CashTrack Insight
Lightspeed To Acquire ShopKeep For $440 Million To Advance POS
Montreal’s Lightspeed is acquiring ShopKeep, a leading cloud commerce platform provider based in New York City.
This acquisition reinforces Lightspeed’s status as a clear category leader for complex retailers and restaurateurs seeking to modernize their operations as the global economy undergoes unprecedented digital acceleration. [Read more…] about Lightspeed To Acquire ShopKeep For $440 Million To Advance POS
Apple Acquires Montreal-Based Startup Mobeewave
Apple has reportedly acquired Montreal’s Mobeewave for US $100 million in a deal which could see iPhone’s turned into contactless payment terminals. [Read more…] about Apple Acquires Montreal-Based Startup Mobeewave
KOHO Launches Free Early Payroll Feature
Canadians can now turn to challenger bank KOHO to help pay expenses on time and avoid fees and interest.
KOHO launched an Early Payroll feature today to their entire user base, which provides users free access to $100 of their paycheque 3 days before the scheduled payday. [Read more…] about KOHO Launches Free Early Payroll Feature
Affirm Partners With Shopify to Power Shop Pay Installments in the U.S.
Lending startup Affirm is partnering with Shopify in the United States to let the e-commerce company’s shoppers pay in installments. [Read more…] about Affirm Partners With Shopify to Power Shop Pay Installments in the U.S.
Insurtech Startup Foxquilt Raises $3.5 Million Seed Round
Toronto’s Foxquilt has raised a $3.5 million seed round.
Foxquilt empowers small businesses and B2B networks to save on business insurance by leveraging their Insurance-as-a-Service platform and unique underwriting infrastructure. [Read more…] about Insurtech Startup Foxquilt Raises $3.5 Million Seed Round
Flinks Raises $16 Million To Accelerate Digitization Of The Financial Services Industry
Montreal’s Flinks has closed an $11 million Series A financing round to fuel the company’s growth in data connectivity and digitization in the financial services industry. [Read more…] about Flinks Raises $16 Million To Accelerate Digitization Of The Financial Services Industry