Financeit acquires consumer-loans competitor Simply Group Financial

Toronto-basedFinanceit, which offers a suite of consumer financing solutions, has acquired the consumer loans businesses ofSimply Group, its biggest competitor in the space, in its aim to become the leading home-improvement financing provider for Canadians. The transaction involves the purchase of three entities that offer financing services for home improvement under the Simply group of…

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AWS, NVIDIA launch global FinTech accelerator for seed-stage startups

Amazon Web Services(AWS) in partnership withNVIDIA, a major supplier of artificial intelligence hardware and software, has set up a new global FinTech accelerator for seed-stage startups. The AWS Global Fintech Accelerator is dedicated to helping jump-start early-stage FinTech startups that are leveraging artificial intelligence (AI) and machine learning (ML) to innovate financial services. The three…

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PitchBook analysts say 2023 VC funding is “pretty much shot,” long-term recovery appears likely

As the economy has deteriorated, non-traditional investors have pulled back from the venture capital (VC) space and the initial public offering (IPO) market has cooled. Combined, these factors have put a strain on the VC market,PitchBookanalysts told BetaKit during an interview at the Collision Conference in Toronto. There is still “a huge spread” between what…

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Neo Financial launches secured credit card to help Canadians build credit

Neo Financialhaslauncheda secured credit card designed to help Canadians build a history of borrowing and boost their credit scores. According to the Calgary and Winnipeg-based FinTech firm,Neo Secured Creditoffers unlimited cashback and rewards that are usually reserved only “for top-tier, annual fee credit cards.” Secured credit cards can help folks facing difficulty accessing credit build…

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These three Fast 500 companies are hiring software engineers in Canada

Earlier this week, Deloitte released its 2023 TechnologyFast 50andFast 500lists, which showcase the fastest growing companies across North America based on fiscal-year revenue growth over a three-year period. Companies on these lists, which are touting triple-digit revenue growth, are looking to hire software engineers to work on their platforms in Canada. Check out all the…

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