Visa agrees to buy open-banking platform Tink for €1.8B
The European fintech platform connects 3,400 banks across the continent, and Visa said the tie-up will speed up open-banking innovation, benefitting clients in the U.K. and EU. (The Logic)
The European fintech platform connects 3,400 banks across the continent, and Visa said the tie-up will speed up open-banking innovation, benefitting clients in the U.K. and EU. (The Logic)
Aron Levitz, previously general manager of Wattpad Studios, will be president of the combined unit, which will begin with more than 40 employees. The studio will produce TV shows, movies and books based on fiction and comics that users publish on the two platforms. (The Logic)
The power will be drawn from 14 renewable-energy projects, including a 375-megawatt solar farm in Alberta, which is expected to come online next year. (The Logic)
Hiking the federal carbon price by $120 per tonne will get Canada most of the way to the Liberals’ climate targets but not all of it, the parliamentary budget office said Wednesday. Reducing emissions to 468 megatonnes by 2030 will also take regulatory measures equivalent to a further price of $91 a tonne. (The Logic)
Board nominees, including embattled director Prem Watsa, were re-elected by a “substantial majority.” Almost 59 per cent votes also favoured its “say on pay” plan, but support was below the company’s expectations. (The Logic)
The San Francisco company will tap public markets with a pro forma equity value of US$5.16 billion through a merger with Northern Genesis, which previously aided Lion Electric’s public offering. (The Logic)
Existing investors Inovia Capital, the Caisse de dépôt et placement and Investissement Québec participated in funding the Montreal-based home-care healthtech company, which has seen its U.S. growth increase sevenfold over the last two years. (The Logic)
The Toronto-based venture capital firm raised US$100 million for its fourth seed-stage fund and another US$20 million for a new opportunities fund to make follow-on investments in top-performing firms in its portfolio. Golden is targeting 20 to 25 investments for the seed fund, with cheque sizes of about US$1.5 million. (The Globe and Mail)
Bill C-218 was adopted at third reading in a vote in the Senate Tuesday. The legislation amends the Criminal Code to allow provinces to license wagers on individual matches, races and fights. (The Logic)
The bill expanding the power of the Canadian Radio-television and Telecommunications Commission to regulate digital-content giants like Netflix passed in the House of Commons at 1:30 a.m. ET Tuesday, with support from the NDP and Bloc Québécois. MPs rejected a Conservative attempt to restore a provision exempting user-generated material from online services’ Canadian-content obligations. (The Logic)