Nuvei to acquire Simplex for $250 million USD
Nuvei is set to acquire FinTech and cryptocurrency startup Simplex in an all-cash deal totalling $250 million USD. The companies…
FinTech
Information Venture Partners closes third fund, raising $124 million CAD
Toronto-based venture capital firm Information Venture Partners (Information VP) has closed its third venture fund, securing…
FinTech startups frustrated with glacial pace of Canada’s open banking consultations
Sue Britton was feeling “super optimistic” when the Advisory Committee on Open Banking sent out a package for phase-two…
Willful signs partnership with insurance giant Allstate following launch in Québec
Toronto-based Willful, which offers online will and estate planning, has launched a new national partnership with Allstate…
Fluence Technologies raises $12.5 million CAD, swaps CEOs to fuel next phase of growth
Toronto FinTech software startup Fluence Technologies has closed a $12.5 million CAD ($10 million USD) Series A round from…
Today in acquisitions: Khure Health, TechX Technologies, Nolk, WorldReach Software, BuzzBuzzHome, Zorbit’s Math
Six Canadian tech companies have recently made acquisitions or have been acquired, including Khure Health, TechX Technologies,…
Wealthsimple secures $750 million CAD, claims $5 billion valuation
Wealthsimple has raised a $750 million CAD financing round as the FinTech company looks to expand its market position and continue…
F|T: The FinTech Times – M&A surge
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read…
Farm payroll startup Labora wins SFU entrepreneurship competition
Surrey, British Columbia-based FinTech startup Labora has taken home the top prize at Simon Fraser University’s (SFU) 10th…
Newton had an outage and now users are complaining their transactions are pending
Toronto-based cryptocurrency exchange Newton recently experienced an outage to its platform related to a cyberattack affecting…
Today in funding: Cape Privacy, Plooto, Lumeto, ReelData, Heirlume, Axya
Six Canadian tech startups have recently secured fresh funding rounds to fuel their growth. Here’s the latest on who raised,…
Vena raises $300 million from Vista Equity Partners
Financial planning startup Vena has raised $300 million CAD in Series C funding from Vista Equity Partners. The Series C round…
F|T: The FinTech Times – Imploding bets
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read…
Revolut CEO Nikolay Storonsky says company will return to Canada in 2022
The CEO of United Kingdom-based FinTech startup Revolut says the company intends to return to Canada next year, after leaving…
Clearbanc rebrands, raises $350 million USD to provide full-stack founder support
With fresh capital and a new name, Clearbanc has moved beyond its investing roots to become a full-stack founder support platform.…