The Houston-based neobank plans to move into Canada by August after it announced raising US$251 million in equity and debt financing Tuesday. The startup helps high-skilled and high-spending newcomers access financial services. (TechCrunch)
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The Houston-based neobank plans to move into Canada by August after it announced raising US$251 million in equity and debt financing Tuesday. The startup helps high-skilled and high-spending newcomers access financial services. (TechCrunch)
Talking point: More fintechs are looking to crack the Canadian market as new regulatory developments buoy the sector. U.K. firm Revolut is reportedly recruiting a Canada-based CEO and testing its luck for a second time after leaving the market in 2021, where it operated for just over a year. At the time, Revolut said it was limited in the range of services it could offer in the country. Since then, Canada has made progress on fintech-friendly regulations, including on a real-time system to process instant payments and the long-awaited open banking framework.
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