ICYMI fintech funding round-up: CredCore, MANSA, SRA Watchtower, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Canada
The latest fintech news, resources and expert analysis in Canada by the leading intelligence provider for the worldwide fintech community.
Nuvei hires former Finaro and PwC execs to lead product and risk teams
Moshe Selfin becomes chief product officer; Chad Gerhardstein appointed as chief risk and compliance officer.
Canada’s Surecomp acquires trade finance firm ELCY for undisclosed sum
ELCY’s flagship offering, elcyMBP, will now become a module of Surecomp’s RIVO platform.
What the FinTech? | S.6 Episode 2 | The evolving digital payments landscape in North America
In this podcast episode, GoCardless’ Lewis Turek discusses what’s next for digital payments in North America.
Paysafe inks deal to sell direct marketing payment processing business to KORT Payments
The deal is expected to strengthen KORT’s expansion throughout North America.
TD Bank to sell entire 10.1% stake in Charles Schwab in $14.6bn deal
Charles Schwab will repurchase more than 19 million shares for $1.5 billion as part of the deal.
Nuvei seals deal to acquire Paywiser Japan Limited, launches direct acquiring capabilities in Japan
The acquisition of Paywiser Japan Limited includes an acquiring licence granted by Japan’s METI.
Canada’s Central 1 to transfer digital banking operations to Intellect Design Arena
The move comes after Central 1 announced plans to wind down its digital banking business last year.
Caseware acquires Aussie financial document processing start-up Extractly.ai
Included in the deal are Extractly.ai’s Validate and Extractly+ data extraction solutions.
Float Financial raises $48.5m in Series B funding round led by Goldman Sachs
The Canadian fintech says it will use the investment to “further broaden its product suite”.
Canal Road Group boosts direct lending strategy with BMO partnership
BMO will gain a non-voting minority stake in CRG’s management company as part of the deal.
Canadian start-up LottoLend launches to offer a “safe, fair and rewarding alternative to traditional payday loans”
LottoLend, currently licensed to operate in Alberta, offers short-term unsecured cash loans.
Scotiabank transfers Costa Rica, Colombia, and Panama banking operations to Davivienda
Scotiabank will receive an “approximate 20% ownership stake” in Davivienda as part of the deal.
Eltropy acquires Canada’s Lexop to modernise collections for credit unions
Eltropy previously acquired both POPi/o and Marsview AI back in 2022.
Ryan completes $518m acquisition of Altus Group’s property tax services business
As part of the deal, Ryan has also acquired Altus’s itamlink property tax management solution.
Thomson Reuters acquires tax and accounting automation software firm SafeSend for $600m
Thomson Reuters says it expects SafeSend to “generate approximately $60 million of revenue in 2025″.
Employer.com buys Canadian fintech Bench Accounting for undisclosed sum
Founded in 2012, Bench provides a suite of SME-focused bookkeeping, tax filing, and advisory services.
Fiserv snaps up Canadian EWA fintech Payfare in $147m deal
The purchase price reflects a 90% premium over Payfare’s closing share price on 20 December.
Canadian fintech Paystone acquires Ackroo for $21m
Based in Ontario, Paystone provides services for loyalty programmes, payment processing, and gift cards.
FirstOntario Credit Union modernises digital banking channels with Temenos Digital
Temenos Digital will support the credit union’s online and mobile channels for consumers and small businesses.
Manzil Wealth introduces new halal wealth management platform in Canada
Manzil Wealth has acquired Canadian Islamic Wealth to support its new platform’s debut.
Canadian credit card issuer Collabria Financial taps Trulioo for ID verification tech
Trulioo’s platform will be used to verify more than 14,000 ID documents and 700 million business entities.
Navro secures FMSB registration to provide money transfer services to businesses in Canada
Navro (formerly known as Paytrix) has also secured licences in the UK and Ireland (EU) this year.
Canadian fintech Neo Financial raises $258m in mix of equity and debt funding
The round comprised $78.9 million in equity and $179.3 million in debt.
US BNPL fintech Affirm launches pay-over-time options for UK consumers
Affirm’s UK country manager Ruth Spratt says the UK is “the perfect place for the next phase of Affirm’s journey”.
ICYMI fintech funding round-up: Brightwave, Mala, UnitPlus, Parachute, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
PSP Services buys NCR Atleos’ transaction processing and card management business in Canada
PSP Services says it will incorporate the business into its HLX Unified Commerce Platform.
Canada’s Koho launches in-app eSIMs with Boxo and Airalo
Koho’s 1.7 million Canadian customers will now be able to purchase eSIMs from within its app.
Canada’s Central 1 announces plans to wind down its digital banking business
The company says it will transition its digital banking clients “to one or more alternative digital banking providers”.
Wealthsimple launches in-app travel eSIM powered by Gigs
The offering operates as part of Wealthsimple’s new lifestyle rewards programme.
Canada’s imminent regulatory changes require PSPs to register
The Bank of Canada explains the new regulations for Payment Services Providers (PSPs).
TD Bank hit with $3bn in fines over AML failures
The $3.09 billion in total fines includes a record $1.8 billion penalty from the US Justice Department.
Erste Group in Austria partners Salt Edge for CEE multi-banking services
The bank is to leverage Salt Edge’s account information solution.
TD Bank Group president and CEO Bharat Masrani to retire next year
The group’s current head of Canadian personal banking, Raymond Chun, will succeed Masrani as CEO.
KORT Payments takes over POS provider Barnet Technologies to drive “aggressive expansion”
Barnet provides POS systems for cannabis dispensaries and liquor stores across Canada.
Master of all it surveys: a bit of background on WeMasterTrade, an award-winning prop firm
Staying true to the goal of providing a level playing field for traders of all stripes.
Canadian fintech start-up Hardbacon closes down
Co-founder and CEO Julien Brault writes that the fintech’s operations are now suspended.
Scotiabank buys 14.9% stake in KeyCorp for $2.8bn
The Canadian bank’s CEO says the deal “creates future optionality for Scotiabank in the North American corridor”.
ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
