Wealthsimple
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Value of Power Corp’s FinTech portfolio drops as Wealthsimple faces second May markdown

Power calls decrease in fair value of Wealthsimple stake “consistent” with broader stock market decline. Montréal-based financial services conglomerate Power Corporation of Canada (Power…

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Neo Financial joins Canada’s unicorns as Peter Thiel’s Valar triples down with $185 million round
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F|T: The FinTech Times – The Neo Unicorn

Plus: Applications are open for the Calgary FinTech Awards. Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around…

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MogoTrade
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revenues up for Nuvei, Propel, Mogo, Payfare

Net income is another matter. There was a flurry of FinTech earnings calls this week, with Payfare Inc., Nuvei Corporation, Propel Holdings, and Mogo…

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White Star Capital, Coveo alum-led Lighthouse Labs closes $9.1 million CAD to build a search platform for the metaverse
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White Star Capital, Coveo alum-led Lighthouse Labs closes $9.1 million CAD to build a search platform for the metaverse

Montréal’s Lighthouse Labs aims to “be the Google” for virtual worlds. What the hell does that mean? Armed with $9.1 million CAD ($7 million…

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Flow by Dapper Labs
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Dapper Labs launches $725 million ecosystem fund for Flow blockchain innovation

The fund is a joint commitment with participation from a16z, Coatue, Coinfund, others. Vancouver-based Dapper Labs has launched a $725 million ecosystem fund designated…

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Platform Calgary opens applications for Calgary Fintech Awards
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Platform Calgary opens applications for Calgary Fintech Awards

Participating startups get a chance to win up to $250,000. Platform Calgary, in partnership with Digital Commerce Bank (DCBank), has opened applications for the…

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Neo Financial joins Canada’s unicorns as Peter Thiel’s Valar triples down with $185 million round
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Neo Financial joins Canada’s unicorns as Peter Thiel’s Valar triples down with $185 million round

Wealthsimple had Paul Desmaris to fuel its growth; Neo has Peter Thiel. Neo Financial has become Canada’s latest unicorn tech company after securing a…

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Imad Boumahdi, PayTic
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PayTic raises $2.95 million to help banks, credit unions centralize program management

PayTic wants to remove Excel spreadsheets from payment reconciliation. Charlottetown-based PayTic has secured $2.95 million in an investment round led by Build Ventures, a…

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Pocketed co-founders win at Forum Pitch Finale
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Pocketed co-founders pocket $25,000 prize money in pitch contest for women entrepreneurs

Pocketed, which helps businesses find grants, gets granted with $25,000. Vancouver-based FinTech software startup Pocketed has won $25,000 in prize money and was named…

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OneVest secures $5 million to help companies like Neo Financial launch wealth management products
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F|T: The FinTech Times – Flutterwave’s reputation falters

Plus: OneVest secures $5 million to help companies like Neo Financial launch wealth management products. Welcome to the FinTech Times, a weekly newsletter covering…

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