<html style="scrollbar-width: thin;scrollbar-color: rgb(219,219,219)rgb(255,255,255);"><head><meta charset="utf-8"><title>Canadian Fintech: Someone Bought a Bank 🏦</title><style>
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Circle K gets deeper into fintech.</div><div class="preview" style="display:none;font-size:1px;color:#333333;line-height:1px;max-height:0px;max-width:0px;opacity:0;overflow:hidden;">͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­</div><table class="email-body-container" role="presentation" width="100%" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td></td><td class="content" width="550"></td><td></td></tr><tr><td></td><td class="content" width="550" align="left"><div style="font-size: 16px;line-height: 26px;max-width: 550px;width: 100%;margin: 0 auto;overflow-wrap: break-word;"><table role="presentation" width="100%" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="right" style="height:20px;"><table role="presentation" width="auto" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td style="vertical-align:middle;"><span class="pencraft pc-reset reset-IxiVJZ tw-font-body tw-text-ssm tw-text-substack-secondary" style="font-family: SF Pro Text, -apple-system, system-ui, BlinkMacSystemFont, Inter, Segoe UI, Roboto, Helvetica, Arial, sans-serif, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol;font-size: 13px;color: unset;list-style: none;text-decoration: unset;margin: 0;"><div class="pencraft pc-reset align-right-VJbKw5 size-12-mmZ61m reset-IxiVJZ" style="list-style: none;color: unset;text-align: right;font-size: 12px;line-height: 16px;text-decoration: unset;margin: 0;"><span class="pencraft pc-reset reset-IxiVJZ" translated="" style="list-style: none;color: unset;text-decoration: unset;margin: 0;">Forwarded this email? 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Circle K gets deeper into fintech.</h3><table class="post-meta" role="presentation" width="100%" border="0" cellspacing="0" cellpadding="0" style="margin: 1em 0;height: 20px;align-items: center;"><tbody><tr><td><table role="presentation" width="auto" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table role="presentation" width="auto" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td style="vertical-align:middle;"><div class="pencraft pc-reset color-primary-zABazT line-height-20-t4M0El font-meta-MWBumP size-11-NuY2Zx weight-medium-fw81nC transform-uppercase-yKDgcq reset-IxiVJZ meta-EgzBVA custom-css-email-post-author" style="list-style: none;font-size: 11px;line-height: 20px;text-decoration: unset;color: rgb(54,55,55);margin: 0;font-family: 'SF Compact',-apple-system,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: 500;text-transform: uppercase;letter-spacing: 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0;width: auto !important;max-width: 100% !important;margin: 0 auto;"></a></td><td style="text-align: center;"></td></tr></tbody></table></figure></div><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;">Good morning! Welcome back to the Canadian Fintech Newsletter, an industry roundup for founders, operators and investors.</p><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;">Every Monday we break down the hottest topics in the industry in under 3 minutes.</p><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><span>If you’re a </span><a href="https://substack.com/redirect/c3ed0d6f-ee9c-4bff-99d0-ac00869b04b8?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">paid subscriber</a><span>, you also get access to the </span><a href="https://substack.com/redirect/22dd6043-e601-43cd-9f26-bd3ef29456fa?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">Canadian Fintech Database</a><span> - a detailed list of every fintech acquisition in Canada.</span></p><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;">Was this forwarded to you? Become one of our 12,875 subscribers by clicking below.</p><div class="subscribe-widget is-signed-up" data-component-name="SubscribeWidget" style="margin: 0 0 1em;direction: ltr;font-size: 16px;line-height: 26px;"><div class="pencraft pc-reset button-wrapper" style="text-decoration: unset;list-style: none;font-size: 16px;line-height: 26px;text-align: center;cursor: pointer;border-radius: 4px;"><a class="button subscribe-btn primary" 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border-box;cursor: pointer;border: none;border-radius: 8px;font-size: 14px;line-height: 20px;font-weight: 600;text-align: center;opacity: 1;outline: none;white-space: nowrap;text-decoration: none !important;margin: 0 auto;background-color: #e85c57;color: #ffffff !important;padding: 12px 20px;height: auto;"><span style="color: #ffffff;text-decoration: none;">Upgrade to paid</span></a></div></div><div style="font-size: 16px;line-height: 26px;"><hr style="margin: 32px 0;padding: 0;height: 1px;background: #e6e6e6;border: none;"></div><h4 class="header-anchor-post" style="position: relative;--highlight-bg: oklch(from var(--color-bg-accent-themed) l c h / 0.2);font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;">💰 Funding</h4><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;"><strong>Fiscal.ai</strong><span>, a Toronto based equities research platform </span><a href="https://substack.com/redirect/8aa71a2e-3971-4c26-b330-ef2d18fc056c?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">raised</a><span> $10m led by </span><strong>Portage</strong><span>.</span></p><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>The </span><strong>Bloomberg</strong><span> competitor recently rebranded from FinChat and crossed 350k users.</span></p></li></ul></li></ul><div style="font-size: 16px;line-height: 26px;"><hr style="margin: 32px 0;padding: 0;height: 1px;background: #e6e6e6;border: none;"></div><h4 class="header-anchor-post" style="position: relative;--highlight-bg: oklch(from var(--color-bg-accent-themed) l c h / 0.2);font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;">🤝 M&A</h4><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;"><strong>Pesa</strong><span>, a Toronto based remittance platform acquired </span><strong>Authoripay Emony</strong><span>, a UK based issuer / acquirer.</span></p><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;">Pesa has processed over $380m in transaction volume.</p></li></ul></li><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;"><strong>Conexus</strong><span>, </span><strong>Cornerstone</strong><span>, and </span><strong>Synergy Credit Union</strong><span> finalized their </span><a href="https://substack.com/redirect/8f0a508a-761a-4c5f-98a2-7c2f1a530e62?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">merger</a><span>.</span></p><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;">The three Saskatchewan credit unions will have $15b in AUM, 200k members and 57 branches.</p></li></ul></li><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><strong>Burgundy Asset Management</strong><span>, a wealth management firm with $27b in AUM is being </span><a href="https://substack.com/redirect/15ba2e61-271b-4e9e-a3a3-fb30c7955064?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">acquired</a><span> by </span><strong>BMO</strong><span> for $625m.</span></p></li><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><strong>Bitcoin Treasury Corporation</strong><span> (BTCT), an Alberta based bitcoin investment and lending company is going </span><a href="https://substack.com/redirect/eac69a25-affa-424c-b84e-030b2845056e?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">public</a><span> in a reverse takeover.</span></p></li><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;"><span>Anthony Lacavera’s acquisition of </span><strong>Wealth One Bank</strong><span> was approved by the federal government.</span></p><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>Wealth One is a 10 year old schedule 1 Canadian bank, which caters to Chinese-Canadian clients. The bank is small ($516m in assets), unprofitable, and has been under regulatory </span><a href="https://substack.com/redirect/a3447b43-713a-4d26-a28f-854452aa00e2?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">scrutiny</a><span> for AML violations and alleged connections between its founders and the Chinese government.</span></p></li><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>Lacavera wants to convert it into a challenger brand, similar to what he did with his previous company</span><strong> Freedom Mobile </strong><span>(fka Wind Mobile) in the telecom market. </span></p></li><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>The irony here is that </span><strong>Wind Mobile</strong><span>, was also the target of regulatory scrutiny for running afoul of Canada’s ownership rules. Their largest investorwas an Egyptian billionaire.</span></p></li></ul></li></ul><div class="captioned-image-container-static" style="font-size: 16px;line-height: 26px;margin: 32px auto;"><figure style="width: 100%;margin: 0 auto;"><table class="image-wrapper" width="100%" border="0" cellspacing="0" cellpadding="0" data-component-name="Image2ToDOMStatic" style="mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style="text-align: center;"></td><td class="content" align="left" width="506" style="text-align: center;"><a class="image-link" target="_blank" href="https://substack.com/redirect/80a37d6d-1221-4bda-b9e8-8d1d690c61ac?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="position: relative;flex-direction: column;align-items: center;padding: 0;width: auto;height: auto;border: none;text-decoration: none;display: block;margin: 0;"><img data-attrs="{"src":"https://substack-post-media.s3.amazonaws.com/public/images/83035720-861f-4411-b95f-b86e7a7e5e24_848x480.png","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":480,"width":848,"resizeWidth":506,"bytes":563879,"alt":null,"title":null,"type":"image/png","href":null,"belowTheFold":true,"topImage":false,"internalRedirect":"https://canadianfintech.substack.com/i/166592202?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F83035720-861f-4411-b95f-b86e7a7e5e24_848x480.png","isProcessing":false,"align":null,"offset":false}" alt="" width="506" height="286.41509433962267" src="https://substackcdn.com/image/fetch/$s_!SPpy!,w_506,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F83035720-861f-4411-b95f-b86e7a7e5e24_848x480.png" style="border: none !important;vertical-align: middle;display: block;-ms-interpolation-mode: bicubic;height: auto;margin-bottom: 0;width: auto !important;max-width: 100% !important;margin: 0 auto;"></a></td><td style="text-align: center;"></td></tr></tbody></table><figcaptionclass="image-caption" style="box-sizing: content-box;color: #777777;font-size: 14px;line-height: 20px;font-weight: 400;letter-spacing: -.15px;margin-top: 8px;width: 70%;padding-left: 15%;padding-right: 15%;text-align: center;"></figcaption></figure></div><div style="font-size: 16px;line-height: 26px;"><hr style="margin: 32px 0;padding: 0;height: 1px;background: #e6e6e6;border: none;"></div><h5 style="font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;"><strong>A MESSAGE FROM COLLECTR</strong></h5><h4 class="header-anchor-post" style="position: relative;--highlight-bg: oklch(from var(--color-bg-accent-themed) l c h / 0.2);font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;"><strong>💸 How 4m people are making money selling collectibles</strong></h4><div class="captioned-image-container-static" style="font-size: 16px;line-height: 26px;margin: 32px auto;"><figure style="width: 100%;margin: 0 auto;"><table class="image-wrapper" width="100%" border="0" cellspacing="0" cellpadding="0" data-component-name="Image2ToDOMStatic" style="mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style="text-align: center;"></td><td class="content" align="left" width="720" style="text-align: center;"><a class="image-link" target="_blank" href="https://substack.com/redirect/119e65e2-a6c1-4148-a490-8375cfaf8587?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="position: relative;flex-direction: column;align-items: center;padding: 0;width: auto;height: auto;border: none;text-decoration: none;display: block;margin: 0;"><img class="wide-image" data-attrs="{"src":"https://substack-post-media.s3.amazonaws.com/public/images/cb3bdc83-0a58-4738-a4e0-25674bb342a7_720x300.png","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":300,"width":720,"resizeWidth":null,"bytes":76447,"alt":"","title":null,"type":"image/png","href":"http://www.getcollectr.com","belowTheFold":true,"topImage":false,"internalRedirect":"https://canadianfintech.substack.com/i/163998939?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcb3bdc83-0a58-4738-a4e0-25674bb342a7_720x300.png","isProcessing":false,"align":null,"offset":false}" alt="" title="" width="550" height="229.16666666666666" src="https://substackcdn.com/image/fetch/$s_!bYa_!,w_1100,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcb3bdc83-0a58-4738-a4e0-25674bb342a7_720x300.png" style="border: none !important;vertical-align: middle;display: block;-ms-interpolation-mode: bicubic;height: auto;margin-bottom: 0;width: auto !important;max-width: 100% !important;margin: 0 auto;"></a></td><td style="text-align: center;"></td></tr></tbody></table></figure></div><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><span>The cards you loved as a kid might pay off as an adult. Nostalgia just got valuable. </span><a href="https://substack.com/redirect/702b1d66-be6b-4fc5-8df3-e4eaaf250217?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">Download Collectr</a><span> — the world’s largest collectibles app.</span></p><div style="font-size: 16px;line-height: 26px;"><hr style="margin: 32px 0;padding: 0;height: 1px;background: #e6e6e6;border: none;"></div><h4 class="header-anchor-post" style="position: relative;--highlight-bg: oklch(from var(--color-bg-accent-themed) l c h / 0.2);font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;">🚀 Product</h4><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;"><strong>Huumans</strong><span>, a free community group for small business owners get advice on budgeting and benchmarking launched.</span></p><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>The company was </span><a href="https://substack.com/redirect/b93c7b39-0bf1-4887-95b2-650f5297e6f0?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">founded</a><span> by the team behind </span><strong>Wagepoint</strong><span>, a Canadian payroll software.</span></p></li></ul></li><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><strong>WesternUnion</strong><span> is </span><a href="https://substack.com/redirect/435e06b8-f673-40df-b521-069651ef9fcf?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">using</a><span> Montreal based </span><strong>Zūm Rails</strong><span> to let their Canadians users fund international transfers via Interac e-Transfer.</span></p></li><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;"><strong>Forbes</strong><span>, the publisher, is white labelling </span><strong>Homewise</strong><span> to broker mortgages in Canada.</span></p><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>Homewise does the same for the Canadian free credit score apps </span><strong>Credit Karma</strong><span>, </span><strong>Borrowell</strong><span>, and </span><strong>ClearScore</strong><span>.</span></p></li></ul></li><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;"><strong>Circle K</strong><span>, a Canadian gas station chain, is </span><a href="https://substack.com/redirect/8b374fdf-78e6-4faa-aee6-3062a56421d7?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">launching</a><span> a fuel card for fleet drivers powered by </span><strong>Filip</strong><span>, a Calgary based fintech.</span></p><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>Last year Circle K </span><a href="https://substack.com/redirect/ff98bed4-ab25-404f-9433-a9fca92c9987?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">partnered</a><span> with </span><strong>iFinance</strong><span> to offer unsecured consumer loans.</span></p></li></ul></li><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing:border-box;padding-left: 4px;font-size: 16px;margin: 0;"><strong>ZayZoon</strong><span>, a Calgary based earned-wage-access platform is expanding beyond early wage payouts by </span><a href="https://substack.com/redirect/6196ec8a-c6cb-4c45-8e2c-8374cd3b4b5d?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">launching</a><span> employer perks like tax support, insurance products & discounts on groceries.</span></p></li></ul><div style="font-size: 16px;line-height: 26px;"><hr style="margin: 32px 0;padding: 0;height: 1px;background: #e6e6e6;border: none;"></div><h4 class="header-anchor-post" style="position: relative;--highlight-bg: oklch(from var(--color-bg-accent-themed) l c h / 0.2);font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;">⚖️ Policy</h4><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;"><span>The </span><strong>FCAC</strong><span>, Canada’s open banking regulator reaffirmed their commitment to launching it by 2026, but did not share an updated timeline on the rollout.</span></p><ul style="margin-top: 0;padding: 0;"><li style="margin: 8px 0 0 32px;mso-special-format: bullet;"><p style="color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>The Liberals </span><a href="https://substack.com/redirect/cf87e86d-5995-41e6-9fa2-a6e4b1dfc166?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">made</a><span> (technically remade) the commitment in the Fall Economic Statement last year. But that was prior to the federal election.</span></p></li></ul></li></ul><div style="font-size: 16px;line-height: 26px;"><hr style="margin: 32px 0;padding: 0;height: 1px;background: #e6e6e6;border: none;"></div><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><strong>Raising money for your fintech?</strong><span> </span><a href="https://substack.com/redirect/da69ce05-92e4-4782-b263-546a2d35c84e?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">Fill out this form</a></p><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><strong>Want to invest in Canadian fintech?</strong><span> </span><a href="https://substack.com/redirect/689c906e-ae48-4be6-9a0c-590d6c39493f?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">Fill out this form</a></p><div style="font-size: 16px;line-height: 26px;"><hr style="margin: 32px 0;padding: 0;height: 1px;background: #e6e6e6;border: none;"></div><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;">Want to get in front of 12,875 fintech decision makers? Reply to this email to become a sponsor.</p><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;">Have a great week! See ya 👋</p><p style="margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;margin-bottom: 0;"><span>-</span><a href="https://substack.com/redirect/65de61b5-123b-4c4e-8cbd-6e0bf0324329?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54,55,55);text-decoration: underline;">Tal Schwartz</a></p></div></div><div class="container-border" style="margin: 32px 0 0;width: 100%;box-sizing: border-box;border-top: 1px solid #e6e6e6;font-size: 16px;line-height: 26px;"></div><div class="post-cta typography markup" style="--image-offset-margin: -117px;font-family: 'SF Pro Display', -apple-system, system-ui, BlinkMacSystemFont, 'Inter', 'Segoe UI', Roboto,Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';font-weight: 400;text-align: initial;word-break: break-word;margin-bottom: 32px;margin: 32px 0;font-size: 16px;line-height: 26px;"><p style="color: rgb(54,55,55);margin: 0 auto 20px;text-align: center;width: 90%;line-height: 26px;font-size: 16px;margin-top: 0;"><span class="pencraft pc-reset reset-IxiVJZ" translated="" style="list-style: none;color: unset;text-decoration: unset;margin: 0;">You're currently a free subscriber to <a href="https://substack.com/redirect/3dd2d7b0-e80f-4bcc-af51-2e82703c2d5d?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" style="color: rgb(54,55,55);text-decoration: underline;">Canadian Fintech</a>. 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