In a LinkedIn post, the co-founder of the Toronto-based fintech said he would become the company’s executive chair and be replaced by Michele Romanow, previously the firm’s president. (The Logic)

Talking point: The transition appears to represent more than just a leadership shakeup for SoftBank-backed Clearco, which the couple has led for years. “While we’re no longer dating, we continue to be partners and co-founders in the truest sense,” D’Souza announced in the post. Moving forward, D’Souza will remain involved with areas such as strategy, fundraising and executive recruitment, he said. Romanow, a high-profile entrepreneur who stars on CBC’s “Dragons’ Den” show, will take the reins at a new stage of growth for the company, which roughly doubled its headcount over the last year. In his post, D’Souza hinted at Clearco’s aspirations for an IPO, saying that the leadership change would be best for the company “whether public or private.”