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Central banks aren’t the only institutions printing money right now

Your finally found a bottle of Fantastik at the store links for May 7, 2020:

  • Travel Unicorns Fly
  • Filthy lucre
  • POSify
  • Digital Jeans
  • Printin’ money
  • And yet
  • Parasites never sleep
  • On rails
  • A bunch of stuff on the lack of open banking
  • And capital efficiency

 

Trends & Insights

 

Travel Unicorns Fly:  Five years after founding and assisting over 100,000 students across 110 countries to study internationally, Ontario-based startup ApplyBoard announced it raised $100 million series C at a $1.5 billion valuation, making it a Canadian edtech unicorn.

 

Filthy lucre: people liked cash, then their cards, now there’s a move to go contactless for payments. 

 

POSify: Shopify continues to step on the gas, this time byupdating their point of sale options to help retailers with the new realities of retail.  And congrats to the e-commerce giant for surpassing RBC as the most valuable public company in Canada.

 

Digital Jeans: Denim is the ultimate banding market. And today, the R collective has created a new tech-enabled brand at a premium price with supply chain tracking. Although every denimhead knows, the way to make denim last longer is to buy (expensive) raw Japanese selvage in the first place. 

 

Printin’ money: N26 ate it in Britain, but that hasn’t stopped the brand from raising some serious cake, even now. They’veadded another hundred mill to their war chest. 

 

And yet...Challenger banks’ app downloads slump by 23.38% amid pandemic

 

Parasites never sleep: COVID ain’t the only virus going around. The other one is all the cyber sleezebags trying to steal your money, identity and exploit the situation. 

 

On rails: there’s many ways to get payments done and goods shipped. Flywire is the latest example of how evolving payment options and rails are developing.

 

Regulatory

 

Innovation economy? The government, in conjunction with the rest of parliament has been aggressive in rolling out solutions, some of which apply to innovators. But for some reason it hasn’t included the open banking discussion, nor will it. 

 

Giving Fintechs' a voice:  The response from Senator Deacon

 

From the Bank of Canada: Bridge to Recovery | Open Banking Consultations Delayed

 

SEC steps up: SEC Gives Break on Crowdfunding Rules for Some Small Firms

 

UK FCA launches: Special Digital sandbox for Coronavirus (Covid-19) pilot

Research

 

Capital Efficiency During Crisis: The Burn Multiple

  

Featured industry partner of the week:

Gowling WLG
Gowling WLG

 

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Have an incredible week...NCFA

 

 

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