Paystone raises $23.8m for payments and engagement platform
Canadian company brings total raised in 2021 to $78.7 million.
Canada
ID verification firm Trulioo announces four new payments partnerships
The company has partnered PayDo, Pollen Technologies, Sokin and XanderPay.
CIBC signs cloud partnership deal with Microsoft
The deal will see CIBC utilise Microsoft Azure as its primary cloud platform.
Equitable Bank CIO leaves to join winemaking industry
Dan Dickinson to lead Canadian wine business after leaving bank.
Canada’s League Data picks Mambu’s cloud banking platform
The cooperative company says Mambu was the “clear choice” to modernise its core platform.
Open Banking Expo Canada meet-ups launch virtually this June
Free and open to banks, credit unions, fintechs, regulators, Big Techs, and other industry players.
BMO picks AWS in push to become “cloud-first organisation”
The Canadian bank plans to move strategic internal workloads to AWS.
Galileo hires former Google Cloud exec Derek White as new CEO
White replaces Galileo founder Clay Wilkes who will switch to vice chair.
Financial wellness platform Credit Sesame raises $51m to fuel expansion plans
The US-based fintech also announced the acquisition of Zingo, a fintech software services start-up.
Payfare expands leadership team with new CTO and CPO
Kamran Haidari joins as CTO and Braulio Lam will lead product innovation as CPO.
Video: fintech news pick of the week – Standard Chartered, PayPal and Trulioo
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Trulioo raises $394m in TCV-led Series D funding round
The identity verification firm has now raised $474m in total.
Fintech API firm Railz raises $12m in Series A funding round
Toronto-based start-up aims to solve “universal challenge for SMEs”.
Canadian fintech Wealthsimple raises record $610m at $4bn valuation
The fintech started off as a robo-advisor back in 2014.
Fintech funding deals globally 5-11 April 2021
Featuring CRED, OneStream Software, Loopio, Patreon, and Ramp.
Canadian challenger Koho raises $56m in Series C funding round
The new funding is all headed towards building awareness in the market.
API fintech Flinks adds Levi King to turbocharge US growth
King brings funding, market entry, and growth expertise.
Revolut exits Canada after trialling beta for year and a half
Canada is a difficult market for challengers to crack.
Canadian Western Bank deploys new Temenos SME product
CWB extends a partnership with Temenos that stretched back to 2012.
Trulioo hires new CTO in OpenText’s Hal Lonas
Lonas joins to spearhead the firm’s product development.
Payments Canada picks Interac for real-time infrastructure
Interac will use its e-Transfer service in the design, construction and maintenance of the system.
Fintech funding deals globally 8-14 February 2021
Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare.
Paystone raises CAD 69m with support from Canada business fund
The funding is a combination of equity and debt financing.
Canadian challenger Koho appoints new CTO
Jonathan Klein joins the neobank from Wayfair.
Combination of weaknesses led to massive data breach at Desjardins
The incident compromised the data of nearly 9.7 million Canadians.
IBM buys Canadian fintech Expertus to bolster payments offerings
The acquisition strengthens its portfolio as an end-to-end digital payments solution provider.
Former Uber Money head bags $12.4m for new venture Synctera
The start-up hopes to speed up go-to-market times.
Mastercard to help Canada build its new real-time payments rails
RTR marks a big step in modernising Canada’s payments system.
Trulioo hires Leigh Ramsden as new CFO
Former Absolute Software man joins up with Trulioo next week.
Credit Suisse’s Canadian arm goes live with London fintech Torstone
“The opportunity to reduce our total cost of ownership was a key driver,” says bank.
Canadian invoice firm FundThrough raises $50m to support SMEs
FundThrough aims to eliminate the “wait” for SME payments
Canadian robo-advisor Wealthsimple lands unicorn status with $87m raise
Wealthsimple serves some 1.5 million users.
Paytech Nuvei breaks Toronto Stock Exchange records with $700m IPO
The Montreal-based firm saw a surge in demand increase share prices from $20 to $45.
EXCLUSIVE: Oracle wins deals with Mashreq Bank and Desjardins
Oracle has also picked up a new deal in Bangladesh.
Mawer Investment Management picks SimCorp Dimension
The Canadian firm plans a front-to-back revamp.
Scotiabank pays over $127m for commodities price manipulation
It also faced charges of compliance and supervision failures.
Manzil launches Halal Visa card in partnership with Koho
Canadian firms partner up to debut new card.
Canadian neobank Koho seeks new CTO
Kris Hansen heads back to venture capital backers to build “new adventure”.
TD Bank extends 15-year partnership with TSYS
TSYS adds a few years to ongoing payments deal with TD Bank.
RBC taps Red Hat and Nvidia for new AI private cloud
The Canadian bank aims to run thousands of simulations for “millions of data points.”
