Mini-budget with many tech commitments comes during a day of chaos on the Hill. The Government of Canada barely tabled its Fall Economic Statement (FES) after a day of political chaos and uncertainty. The Liberal government was thrown into turmoil following the surprise resignation of Deputy Prime Minister and Finance Minister Chrystia Freeland hours […]
Repeat investor Fulgur Ventures led the financing round, bringing the Bitcoin giant’s total funding to over $822 million CAD. Montréal Bitcoin infrastructure firm Blockstream has raised $210 million USD ($289 million CAD) in convertible note financing to expand its capacity as a Bitcoin treasury and innovate its layer-2 technology offerings. Delaware-based Fulgur Ventureswhich typically […]
Sole investor Sixth Street Growth also participated in Clio’s $1.24-billion CAD Series F round earlier this year. Calgary and California-based live events e-commerce startup atVenu has closed $130 million USD ($178.6 million CAD) in equity financing from San Francisco-based Sixth Street Growth. Michael McGinn, partner and co-head of Sixth Street Growth, told Fortune the […]
Ten years in, Wealthsimple is profitable with $50 billion in AUA. What comes next? Building a company is no easy business. It takes persistence, luck, and more than a little bit of insanity. Which is why it’s meaningful when any company reaches a 10-year milestone—and doubly so for startups given that the majority fold […]
Company sees the UK as potential beachhead for expanding into the European market. Toronto-based FinTech firm Propel Holdings has entered into an agreement to acquire United Kingdom-based FinTech lender QuidMarket to the tune of $95.9 million CAD ($71 million USD). Based in Nottingham, England, QuidMarket offers an online lending solution that Propel said has […]
FinTech startup to roll out bank-like offering as it attempts to become a licenced bank. Koho Financial will begin offering a line of credit to its customers through a partnership with fellow Toronto-based FinTech firm Propel Holdings. Koho recently introduced new rent reporting features to help its users build credit history. The partnership will […]
Riot encouraged shareholders to “seriously question” timing of recent Stronghold acquisition. Toronto-based Bitcoin mining company Bitfarms and activist investor Riot Platforms continue to trade public blows leading up to an October shareholder meeting that could determine the company’s future. In a statement released early this week, Riot warned that Bitfarms’ board “should not enter […]
CEO says Google’s algorithm updates decimated SEO-reliant financial product referral revenue. Montréal-based FinTech startup Hardbaconwhich offers a free budgeting app and generates revenue through lead generation and affiliate marketing for financial products, has shut down after seeing most of its Google traffic vanish over the past year, following some updates to the search giant’s […]
Plus: Shopify has a new CTO, Benevity has a new CEO, and Sagard poached from Georgian. Koho recently announced a new product aimed at helping tenants build credit by consistently paying rent. It’s not the first startup to offer this feature—both Borrowell and Chexy have similar offerings—but it highlights how Canadian FinTech companies fill […]
