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PayBright, one in every of Canada’s main buy-now-pay-later suppliers, is about to be acquired by San Francisco-based Affirm.
“At Hustle Fund, we’re satisfied that Canada is positioned nicely to provide among the largest, category-defining firms on the planet. We’re desirous to fund these firms, and excited to companion with Hockeystick to establish these alternatives!” – Eric Bahn (Basic Associate)
Since launch, Hockeystick has revamped 6000 funder suggestions to Canadian startups. Learn the way startups are utilizing expertise to satisfy funders around the globe.
Facebook-backed cryptocurrency Libra renamed to Diem as it pushes for regulatory approval (THE GLOBE AND MAIL)
Plans for Libra, first floated by Fb final yr, had been slimmed-down in April after regulators and central banks raised considerations it might upend monetary stability.
Stripe is already the fee processor for Shopify’s funds product.
Vancouver-based FinTech Progressa, once readying for IPO, files for creditor protection instead (THE LOGIC)
Vancouver-based Progressa, an alternate lender, filed beneath the Firms’ Collectors Association Act in late September, with court docket paperwork exhibiting it owed tens of tens of millions and required an instantaneous infusion of cash.
Kevin Magee (Microsoft), Christopher Salvatore (Cybersecure Catalyst), and Tahseen Shabab (Penfield) discover how Canada can construct a cybersecurity ecosystem.
The world’s second-biggest cryptocurrency is getting a major upgrade — here’s what you need to know (CNBC)
Ethereum has begun its long-awaited shift to 2.0. Proponents say that the deliberate improve might permit hundreds extra transactions to happen each second.
Sebastian Siemiatkowski, the chief of Europe’s most-valued FinTech, discusses the ethics of lending and the opponents he obsesses over.
Startups raised a complete of $349.5 million in Q3 2020, a 135 p.c enhance for the Waterloo Area.
Stripe to offer banking services in deal with Goldman Sachs, Citigroup (WALL STREET JOURNAL)
Stripe Inc. is teaming up with banks together with Goldman Sachs Group Inc. and Citigroup Inc. to supply checking accounts and different business-banking providers, the startup’s newest try to turn out to be the web economic system’s monetary grocery store.
Revolut’s new buying answer lets corporations set up plug-in checkout software program or construct their very own customized options to take card funds on-line.