Canadian financial technology firm Clearco is shedding more staff, reports revealed this week, as the e-commerce funding platform continues to struggle with downshifting markets. [Read more…] about Clearco’s Michele Romanow Steps Down Amid Latest Company Layoffs
Canadian Fintechs Acknowledged On Deloitte’s Technology Fast 50
Deloitte Canada has announced this year’s winners of the Technology Fast 50, Companies-to-Watch, and Enterprise Fast 15 awards, recognizing the world-class achievements of the best in tech companies across Canada for the 25th year. [Read more…] about Canadian Fintechs Acknowledged On Deloitte’s Technology Fast 50
Clearco Abruptly Reverses Course, Trims 25% of Workforce
Clearco is in muddy water.
The Toronto-based financial technology firm, founded in 2015, has abruptly reversed course. According to a memo issued to staff on Friday, a quarter of the company’s 500-strong workforce is being trimmed and it may abandon multiple international markets. [Read more…] about Clearco Abruptly Reverses Course, Trims 25% of Workforce
Five Canadian Fintechs Ready for Billion-Dollar Revenue
Communitech this month unveiled the first ever Team True North.
The Kitchener-based hub for entrepreneurship created the list to spotlight “the best of Canadian tech”—which by their measure is defined as high-performing tech firms “tracking to $1 billion in annual revenue with growth rates that match the top 1% of companies in the world.” [Read more…] about Five Canadian Fintechs Ready for Billion-Dollar Revenue
Four Canadian Companies Named To CB Insights Fintech 250
The financial services industry continues to attract tech companies that transform how people and businesses spend, save, borrow, invest, and more.
From capital markets to insurance and digital banking to wealth management, the Fintech 250 are among the most promising of these companies globally. [Read more…] about Four Canadian Companies Named To CB Insights Fintech 250
Michele Romanow’s Clearco Raises $215 Million Growth Equity Round
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