Tag: daniel eberhard
Cultivator has a new leader, Canadian FinTech leader has some new capital
Plus: Meet BetaKit’s new newsletter editor. Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
F|T: The FinTech Times – Wealthsimple targets fourfold AUM growth, Koho targets profitability
Plus: Brex, Block, Flinks, and Shakepay unveil new product offerings. Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from…
$86-million Series D extension has Koho targeting growth and profitability
Canadian challenger bank reaches one million users, $100-million run rate. In August of last year, months after securing a $210 million Series D round,…
F|T: The FinTech Times – Diagram Ventures adds $100M onto its FinTech bet
Plus: Shopify backs Nigeria-based FinTech Nomba. Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If…
Proposed regulations for Retail Payment Activities Act open for public comment
The Department of Finance Canada has published the proposed regulations for the Retail Payment Activities Act (RPAA) meant to introduce a supervisory framework for…
Koho lays off 14 percent of staff
CEO claims cut doesn’t extend runway, but will support growth efforts. Koho has made a 14 percent workforce reduction, following in the footsteps of…
Canadian tech layoffs continue as tough year comes to a close
Properly, TealBook, D2L, League among latest firms to cut staff amid economic downturn. At least another 10 Canadian tech firms have recently laid off…
Payments Canada delays Real-Time Rail payment system launch (again)
PayTechs of Canada executive director calls process “disappointing” and “absurd.” Payments Canada has delayed the launch of the forthcoming Real-Time Rail (RTR) payment system,…
‘There’s a storm coming, but we’re on a good boat.’ Daniel Eberhard talks Koho’s readiness for an economic downturn
Canadian FinTech is in the tank, but this challenger bank thinks it can stay afloat with scale. In the last two years, the Canadian…
Bank of Canada’s Ron Morrow: FinTechs “need to be ready” for upcoming retail payments regulations
Morrow expects the Bank will begin registering payments service providers in 2024. Canada’s payments sector has evolved rapidly in recent years. Of the nearly…