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FundThrough, which helps small businesses optimise cash flow by leveraging outstanding customer invoices, has bagged a $50m investment from private equity firm Northleaf Capital Partners.
Online investing app Wealthsimple has reportedly joined the ever-growing list of FinTech unicorns, after the close of a $114m investment.
goPeer, which makes non-traditional loans available through a peer-to-peer network, has received $25,000 after it wins the top prize in York University’s LaunchYU Accelerator programme this year.
Covalent, which aims to bring transparency to blockchain, has reportedly raised $3.1m in its latest funding round.
AI-powered insurance assistant ProNavigator has seen adoption of its technology accelerate during the pandemic, helping it to close a CAD 5.6m ($4.2m) round.
Canadian digital commercial insurance platform Zensurance has closed its Series B round to increase its hiring efforts.
Metro Bank has launched new app tools for businesses to manage their receipts as the company itself is still recovering from last year's accounting scandal.
While the average cost of a data breach in Canada has increased by 6.7% in the last year, companies have become faster at spotting them.
Canadian Holt Fintech Accelerator has announced the eight FinTech companies to join its 2020 cohort.
Mylo, a Canadian saving and investing app, has rebranded itself to Moka and is looking to expand internationally.