Seed rounds can prove pivotal milestones for startups. Until that first rush of capital, startups are typically bootstrapped, often operating lean on shoestring budgets with a short runway leading to a steep cliff. [Read more…] about 7 Early-Stage Fintech Startups Ready to Blossom in Canada
“Hold on, I think I’ve got another penny in one of these pockets…”
It was only a couple of decades ago where paying with paper (not even polymer!) and metal coinage was the go-to. A common alternative, hardly touched today outside of legacy business, was the classic cheque. Cash registers for point-of-sale transactions were hefty, clunky blocks. Only fancy business folk had credit cards and even then used them sparingly. [Read more…] about Seven Fintechs Innovating the Payments Space in Canada
Half of Canadians used less cash this last year than in the past, suggests a new survey highlighting the Pandemic-accelerated shift in payments culture.
Three-quarters of Canadians have used at least one emerging payment method in the last year, which includes cryptocurrency, digital cards, and “Buy Now, Pay Later” services. According to Mastercard’s New Payments Index, this figure is project to rise to 88% next year. [Read more…] about Emerging Payment Tech Continues to Gain Steam Over Cash, Mastercard Says
Payments platform Mash this week announced a seed funding round. The USD$6 million financing was co-led by Castle Island Ventures and Whitecap Venture Partners. [Read more…] about Mash Raises Seed Round to Build Payments Platform on Lightning Network