Canada Technology

Bitcoin infrastructure unicorn Blockstream raises $289 million CAD to boost mining operations

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 […]

Canada Technology

atVenu secures $130 million USD to fuel expansion into new live events markets

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 […]

Canada Technology

Propel Holdings to acquire UK-based QuidMarket for $95.9 million CAD

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 […]

Canada Technology

Koho set to launch line of credit offering through partnership with Propel Holdings

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 […]

Canada Technology

Bitfarms and Riot continue public squabble leading up to October shareholder meeting

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 […]

Canada Technology

Hardbacon to file for bankruptcy after Google search changes crush affiliate business

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 […]