Canada
Nuvei Now an Official Sponsor of Mercedes-AMG PETRONAS F1 Team
Canadian payments company Nuvei has entered into a multi-year sponsorship agreement with the Mercedes-AMG PETRONAS Formula One Team ahead of the 2023 F1 season. From the 2023 Formula One™ season onwards, the Nuvei logo will appear on the helmet and
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Canadian Fintech Nuvei Acquires Paya in US$1.3 Billion Deal
Canadian fintech Nuvei announced that it has inked a deal to acquire U.S. payments firm Paya in an all-cash transaction for US$1.3 billion. Paya is a pure-play integrated payments platform serving customers in markets such as B2B, government, utilities, non-profit
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FNZ Raises US$1.4 Billion, Now Valued at US$20 Billion
FNZ, a global wealth management platform, announced that it has secured US$1.4 billion in new equity funding from Canada Pension Plan Investment Board (CPP Investments) and Motive Partners. CPP Investments had committed to pouring in a total of US$1.1 billion.
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90% Of North American Consumers Manage Money Through Financial Apps: Report
Mastercard released a new report today, The Rise of Open Banking, demonstrating the mainstream adoption of technology to power smarter, more meaningful digital experiences. The report found more than 80% of consumers in the US – and 90% of younger
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Canadian Corporate Card Startup Float Secures US$30 Million Series A
Float, a Canadian all-in-one corporate card and spend management solution, announced that it has closed US$30 million in Series A financing led by Tiger Global. Other investors include Golden Ventures, Susa Ventures, Global Founders Capital, Michael Hyatt, and A-Star. The
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Zurich Ties up With BOXX Insurance, Invests in Its Series A Fundraise
Zurich Insurance Group announced a global collaboration with Toronto-based insurtech BOXX Insurance (BOXX), which provides fully-integrated cybersecurity and insurance solutions for small-to-medium-sized businesses (SMEs), consumers and families. Technology has brought significant benefits to businesses and individuals – improving lifestyles and
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Canadian Startup Nuula Secures US$120 Million to Boost Service Offerings for SMEs
Nuula, a Canadian mobile application that gives small business owners instant access to critical business metrics, announced that it has raised US$120 million. The total funds secured are US$20 million in equity funding led by Edison Partners that will accelerate
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Canadian Travel Tech Firm Hopper Secures US$175 Series G Funding
Canadian travel tech company Hopper announced that it has completed a US$175 million Series G financing round led by New York’s GPI Capital. The fundraise also saw participation from Glade Brook Capital, WestCap, Goldman Sachs Growth and Accomplice. Hopper said
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Canadian ID Verification Firm Trulioo Raises US$394 Million, Valued at US$1.75 Billion
Trulioo, a Canadian global identity and business verification provider, announced that it has completed a US$394 million Series D round at a US$1.75 billion valuation. The Series D round was led by TCV, a growth equity firm, with participation from
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Wealthsimple Raises US$ 610 Million, Canadian Celebrities Buy In
Wealthsimple, a Canadian online investment management service focused on millennials, announced that it has raised $610 million (C$750 million) in a funding round. This latest investment has pushed its valuation to about $4 billion (C$5 billion). The round was led by
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