After facing “challenging operating conditions,” Jasper Commerce sells operating business to Digital Commerce Payments
Jasper to keep some equity and future earnings, but otherwise has “no active business.”
FinTech
After reaching $100 million USD in ARR, Vena becomes Canada’s latest “centaur” company
Vena says it is benefitting from “strong, predictable growth.”
D2L and MDF Commerce expand software portfolios with latest acquisitions
Recently privatized MDF Commerce acquires EcoInteractive as D2L purchases H5P Group.
Clutch receives $10-million strategic investment from iA Financial group
The investment will see iA’s insurance products integrated into Clutch’s online vehicle marketplace.
Ex-RBC, Fairstone Bank, Credit Karma execs launch direct-to-consumer personal loans platform
Fig, a subsidiary of Fairstone Bank, initially launched through partnerships with companies like Borrowell.
Bitfarms appoints Ben Gagnon as CEO amidst activist threats from Riot Platforms
Bitfarms parted ways with a CEO in March, kicking off a lawsuit and a public spat with Riot.
Eric Sprott-backed Argo Digital Gold secures strategic investment from WonderFi, Paxos
Funded by industry leaders, Argo aims to offer “seamless crypto-to-gold trading.”
Susan Hawkins to lead Payments Canada as president and CEO
Hawkins previously supported the launch of a real-time payments solution at TD Bank.
OSC accuses Liquid MarketPlace of fraud and pursues action against startup, top execs
Leaders of Logan Paul-founded NFT marketplace allegedly used $3 million from investors for “personal enrichment.”
Nesto acquires mortgage-lending giant CMLS Group
Nesto says the combined entity will have more than $60 billion in mortgages under administration.
Binance is appealing $6-million CAD fine from FINTRAC, report says
Canada’s anti-money laundering agency fined the crypto exchange in May for registration and reporting failures.
TD Bank launches Innovation Partners banking platform for tech companies
TD Innovation Partners’ leadership team is almost entirely ex-SVB and ex-RBCx leaders.
Chexy secures $4.1 million to improve its rent-to-rewards platform’s payments infrastructure
Chexy is looking to become a one-stop shop for tenants paying their monthly rent and expenses.
Tax credit, grant financier Finalta Capital secures $31 million in funding
Lender aims to provide additional $100 million in tax credit and grant financing over the next two years.
F|T: The FinTech Times – Brex drops a CEO and looks to IPO
Plus: An exclusive interview on the new Float product launches.