FinTechs offer CEBA loan refinancing ahead of Jan. 18 deadline CFIB says will “strangle” Canadian businesses
CFIB claims as many as one-third of businesses won’t be able to make loan forgiveness deadline.
FinTech
League Data acquires credit management software company Technicost from Co-operators
League Data is the technology partner for the Atlantic Credit Union System.
Alberta Securities Commission orders crypto exchange Catalyx to cease trading following security breach, loss of assets
Catalyx announced the security breach one week after the ASC issued its initial cease trade order.
F|T: The FinTech Times – US competition is coming for Wealthsimple
Plus: HyperVerse’s CEO… does not exist?
Webull launches stock trading app for retail investors in Canada
Webull’s expansion into Canada brings it into direct rivalry with Wealthsimple.
Private open banking update: TD signs with Plaid, Xero signs with Flinks
Flinks, Xero aim to help businesses tap into bank feeds as TD, Plaid aim to ease app access.
F|T: The FinTech Times – Synctera and Monarch Money seek to fill Canadian finance gaps
Plus: Block rival SumUp defies FinTech funding slump with $307 million cash injection.
Woveo closes $2.3 million to expand community wallet platform for underserved banking customers
As cost of borrowing increases, Woveo wants to help non-prime customers save, build credit.
Synctera launches embedded banking platform in Canada
Canadian launch comes nine months after Synctera landed $15 million from National Bank.
As Intuit winds down Mint, financial planning app Monarch Money comes to Canada
US-based Monarch “fast-tracked” its Canadian expansion after the Mint shutdown news.
Vistara Growth secures $200-million CAD initial close for fifth private credit fund
Vistara sees opportunity post-SVB as bank lenders, VCs pull back.
F|T: The FinTech Times – Wealthsimple targets fourfold AUM growth, Koho targets profitability
Plus: Brex, Block, Flinks, and Shakepay unveil new product offerings.
Bitkey lead calls Canada an important market as Block launches new self-custody Bitcoin wallet worldwide
Block bills Bitkey as a simpler alternative to other self-custody Bitcoin storage options.
$86-million Series D extension has Koho targeting growth and profitability
Canadian challenger bank reaches one million users, $100-million run rate.
FinChat secures $1.5 million USD from Social Leverage to expand AI-powered stock research platform
FinChat surpassed 100,000 users within a month of its launch.