The past several years have been good to the global startup economy. 2021 set many records for startup financing in Canada.
The year included many sizeable fintech rounds, such as $61 million for Propel Holdings; $64 million for Neo Financial; $44 million for Properly; $72 million for Bench; and nearly $300 million for Fraction Technologies in Vancouver. [Read more…] about Five Fintech Firms Hiring Canadian Tech Talent Today
Wealthsimple has consolidated all of its financial technology products into one app, creating a digital-first alternative to Big Banks within a single interface. [Read more…] about Wealthsimple Unveils All-in-One Banking and Investing App for Canadians
There is a new financial technology fund in Canada.
Impression Ventures recently raised $64 million to launch Impression IV, the Canadian venture capital firm’s fourth fintech fund. Supported by both Bank of Montreal and CIBC, the Toronto- and Montreal-based Impression says that IV will invest “in seed-stage firms in the US and Canada that are leveraging technology to disrupt and enhance the delivery of financial products and services.” [Read more…] about Impression Ventures Launches $64 Million Fund Targeting Seed-Stage Fintech
Raise your hand if you’ve ever thought, if only I’d gotten in on the ground floor of Airbnb, Instagram, or any of the scads of breakthrough tech startups. [Read more…] about Everyone Can Be a Venture Capitalist With Wealthsimple’s New Venture Fund
Canadian entrepreneurs have played a fundamental role in shaping Web3 around the world, including founding some of the largest blockchain networks like Ethereum, Cosmos, and Flow, and many leading NFT platforms like NBA Top Shot and CryptoKitties. [Read more…] about Industry Leaders Establish New National Trade Association, Canadian Web3 Council
Canada’s own Portage Ventures announced the sixth closing of Portage Ventures III LP, its third venture fund focused on fintech investments in the United States, Canada and Europe. [Read more…] about Portage Ventures Closes USD $616 Million For Third Fintech Fund
Twitter users making online transfers have a new, Canadian way of sending each other money. The San Fransico-based social media network announced that its Tip Jar is now handling payments made through Wealthsimple Cash. [Read more…] about Wealthsimple Cash Becomes First Canadian Payment Service Integrated Into Twitter’s Tip Jar
Wealthsimple has landed the largest private tech investment in Canadian history with Meritech and Greylock leading a $750 million investment round. The massive round gives Wealthsimple a valuation of $5 billion.
[Read more…] about Wealthsimple Valued At $5 Billion After Drake & Ryan Reynolds Invest
Canadian PR Communications firm Talk Shop announced today the launch of a $30,000 Women in Fintech Grant.
The grant, delivered as $30,000 worth of public relations and communications services, will be awarded to one early-stage fintech with a founder who identifies as a woman. The winner will be selected by a judging panel made up of experts in technology and communications. [Read more…] about Talk Shop Launches $30,000 Women in Fintech Grant
German insurer and asset manager Allianz has led a $100 million investment round in Wealthsimple. [Read more…] about Wealthsimple Raises $100 Million Funding Round Led by Allianz
