North America fintech funding round-up: Syncfy, Totem and more
Our weekly fintech round-up for you to get the latest funding news from across North America.
Our weekly fintech round-up for you to get the latest funding news from across North America.
Surecomp’s tech will support Investec’s newly formed trade finance business.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The transaction is expected to complete in late 2023.
The not-for-profit association is looking to work with policymakers in a “whole-of-government” approach.
TouchBistro offers a tablet-based point of sale (POS) system and payments solution for restaurants.
The partnership will enable the app’s 4m users across Europe to continue to make the most of open banking.
Open Banking Expo Canada will take place in Toronto on 17 November.
Beacon’s buy and build model will help TDAM to develop a more flexible pricing and risk management system.
Scratch offers a payment model to help patients cover the cost of medical care.
CIBC customers will be able to securely share their financial data with third-party fintechs via an API.
Clearco founders cite rising interest rates, high inflation and e-commerce growth slowdown as factors.
With the acquisition, Glia aims to make virtual assistants “mainstream” for financial services companies.
The data access agreement will remove the need for credential sharing, enhancing security and privacy.
Upon closing, the bank will be renamed VersaBank USA National Association.
As well as the layoffs the wealthtech will be “laser-focused” on core businesses investing, banking and crypto.
Nuula provides financial products and services to small business owners.
A handy round-up of the recent funding endeavours of fintech companies across North America.
Through the partnership, the firms will deliver a new digital banking platform in North America.
The news follows a string of layoffs in the fintech space in recent weeks.
Canadian Tire Bank is looking to replace its legacy systems and modernise its operations.
The Montreal-based fintech was founded in January 2020 and launched in May 2021.
The round was led by Valar Ventures, with new and existing investors also participating.
This week’s funding round-up includes three North American fintechs – CoreChain, OneVest & Crowdz.
The facility will be used to provide personal loans to people with limited credit history.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The deal is subject to shareholder and regulatory approval and is expected to be completed by Q3 2022.
The round, led by Vistara Growth, saw participation from Bluesky Equities, Tribune Capital and Rising Tide.
The one-year initiative will form part of the central bank’s research into digital currencies and fintech.
Based in Montreal, Quebec, the fintech offers business accounts for SMEs.
Tyl by CIBC is a digital-first payment acceptance and merchant services platform for Canadian SMEs.
Concentra Bank, including Concentra Trust and Wyth Financial, will join Equitable.
The firm says the investment is one of Canada’s largest fintech funding rounds.
Paystone CEO Tarique Al-Ansari says the deal will “provide additional value to CPS merchants”.
Together, Zafin and Fincad will become “one of Canada’s largest B2B fintech companies”.
Canalyst says it wants to be “the new fundamental dataset of record”.
Ramsbacker will be developing intelligent workflow systems designed to maximise verification rates.
The acquisition fast tracks the FundThrough’s expansion efforts in the US market.
NetCents says Atash will have executive oversight to ensure that all key performance metrics are met.
BMO describes the acquisition as the “natural next step” in its North American growth strategy.