Canada’s Real-Time Rail launches with eight institutions, excluding Big Six banks
BetaKit ·
Payments Canada has brought the first phase of its real-time payments system online, enabling eight financial institutions to exchange, clear, and settle payments around the clock. Participants include Wealthsimple and Koho, but none of Canada’s Big Six banks; the system is expected to reach more than 90 percent of Canadians within its first year.
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Palomma Raises $10M Series A to Expand Rent and Landlord Finance Services
Colombia-based Palomma raised a $10 million Series A led by Cometa, bringing its total funding to $14 million. The startup combines AI tools for property managers with rent payments and financial products for tenants and landlords; it says it processes about $130 million in monthly rent payments.
Crunchbase News ·
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AI accounting startup Sumary raises $25m seed
Sumary, an AI accounting startup, has raised $25m in seed funding. The available article information does not identify its investors or other round details.
Sifted ·
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Firmly raises $15M to connect retailers with AI shopping agents
Seattle-area Firmly raised a $15 million Series A led by Squarepoint Capital, with J.P. Morgan Payments, Mastercard and others participating; the round brings its disclosed funding to about $20 million. Its platform connects retailers’ existing commerce systems to AI shopping channels, and merchants pay $2,000 to $15,000 per month based on merchandise sales volume.
GeekWire ·
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Wealthsimple raises up to $425M at a $13.8B valuation
Wealthsimple secured up to $425 million CAD in Series F financing from existing investors, valuing the Toronto fintech at $13.8 billion. The round includes $300 million in new equity to fund product and infrastructure growth, plus a $125 million secondary share sale to employees; the company says it has more than four million Canadian users and over $169 billion in assets under administration.
BetaKit ·