Weekly FinTech & Financial News
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July 13-17, 2026
Top FinTech Updates this Week
💰 InsideDesk, a Toronto-based provider of AI-powered revenue cycle management (RCM) solutions for dental service organizations (DSOs), raised $12.6 million USD ($17.7 million CAD) in growth financing
🤝 OneVest, Calgary and Toronto-based wealth management platform partnered with CST Spark Inc., a Canadian mutual fund dealer specializing in education savings
🤝 KEO Capital, Stockholm-based B2B supply chain financing and corporate travel and expense management provider established its Canadian subsidiary and operations through Workeo Canada, following the signing of a revolving senior loan facility of up to $50 million with a leading Canadian bank
🤝 Chexy, Toronto-based rent and bill payment platform established a partnership with Mastercard to enable users to link Mastercard credit cards to pay bills through its platform
🤝 Clio, Burnaby, BC-based legal tech revealed that Pay Later with Affirm is now available to law firms in Canada through Clio Payments
🚀 1Password, a Toronto-based password management firm launched AI spend and consumption management capabilities within its SaaS Manager for its customers to track and manage their AI spending and consumption
🚀 Manzil, Toronto-based halal financing & investment solution provider launches self-directed halal stock trading in North America
💼 TouchBistro, a Toronto-based provider of POS and restaurant management solutions is acquired by Canadian firm Harris Computer, a subsidiary of Constellation Software
💼 Stripe and Advent International reportedly submitted a $53 billion bid to acquire PayPal at $60.50 per share
🌟 Payments Canada membership continues to grow with the addition of payment service provider Adyen Canada Ltd.
🌟 As evinced by the joint Transatlantic Taskforce for Markets of the Future established in September 2025, the UK and US governments published a joint statement on Stablecoins
Top Financial Institutions Updates this Week
🤝 Trust Science, Edmonton-based FinTech which helps lenders vet prospective borrowers with limited credit histories entered in a Master Services Agreement with TD Bank to improve the bank's loan approval and origination turnaround times
🚀 TD Merchant Solutions will offer the Clover all-in-one commerce platform in Canada to help clients accept payments, manage their business and build strong customer relationships through a single, integrated ecosystem
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By providing onchain wallet infrastructure and secure treasury workflows, Visa enables banks and FinTechs to integrate programmable money into existing payment and settlement stacks seamlessly. The Visa Stablecoin Platform solves the operational complexity of digital asset management by providing a single, managed environment for stablecoin minting and movement. Instead of navigating fragmented blockchain protocols, institutions can use Visa’s Wallet-as-a-Service to store and redeem assets like Open USD (OUSD). This infrastructure is designed to bridge the gap between traditional fiat systems and decentralized ledgers. Unified Dashboard: A single interface to manage mint, burn, and transfer activities. Bank Connectivity: Direct linking of traditional bank accounts to onchain workflows. Interoperability: Full integration with Visa’s existing stablecoin-linked cards and settlement networks. | Fintech Finance News
This Stripe-PayPal acquisition aims to merge Stripe’s AI-driven Link wallet with PayPal’s 439 million users, creating a dominant consumer and SMB payments powerhouse backed by $50 billion in committed financing. The primary driver for this Stripe-PayPal acquisition is the massive expansion of Stripe’s consumer ecosystem. By integrating PayPal, Stripe gains immediate access to 439 million active accounts, dwarfing its current Link user base of 250 million. This scale is critical as Stripe prepares to upgrade Link into an AI agent wallet, a move announced at the 2026 Stripe Sessions. This shift signals Stripe’s transition from a merchant-first infrastructure provider to a dual-sided payment network that competes directly for consumer mindshare alongside traditional banking apps and digital wallets. | Fintech Finance News
Adyen’s inclusion in the membership highlights the shifting momentum within the Canadian financial landscape. As Payments Canada’s membership becomes more diverse, it paves the way for an increasingly competitive and inclusive payment ecosystem where all Canadian consumers and businesses can thrive. Payments Canada membership is a first step that opens up opportunities for eligible organizations to explore future participation on our systems, including Canada’s forthcoming Real-Time Rail (RTR). | Payments.ca
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The UK and United States affirm that stablecoins are an important driver of digital money innovation and intend to support their use in cross-border finance. Both countries aim to promote competition and innovation by enabling the coexistence and circulation of well-regulated digital money, including stablecoins, tokenised deposits, and similar instruments, through timely, clear, and consistent legal, regulatory, and supervisory frameworks. They affirm that stablecoins used as money should be fully backed on at least a 1:1 basis by clearly defined, high-quality liquid assets, with reserve, liquidity, and prudential requirements that mitigate risk while avoiding unnecessary fragmentation or burdens that reduce commercial viability, create barriers to entry, or hinder competition. The UK and United States also support integrating regulated stablecoins into payments, settlement, and tokenised financial markets, alongside high standards for custody, reserve segregation and protection, predictable cross-border resolution frameworks for issuers, and formal mechanisms that enable cross-border stablecoin activity through coordinated domestic regulation and supervision. | UK Gov.
This authorization allows the firm to offer compliant stablecoin processing and crypto-to-fiat settlements, significantly expanding its footprint within the European digital asset ecosystem. The acquisition of a MiCA license provides a harmonized regulatory framework that allows BitPay to operate seamlessly across the European Economic Area. For merchants, this means increased regulatory certainty and access to a broader consumer base that prefers transacting in digital assets. By adhering to these stringent standards, BitPay ensures that cross-border crypto transactions are handled with the highest level of compliance and security. | Merchant’s Eye
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Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease gradually from its recent spike. There are still important risks and uncertainties related to the war in the Middle East and US trade policy. Since the April Monetary Policy Report (MPR), global economic prospects have been dented by higher oil prices stemming from the Middle East conflict. At the same time, the build-out of artificial intelligence (AI) is supporting economic activity in a growing number of countries. Oil prices are still lower than their peak in April but the situation in the Middle East remains volatile. The path for global inflation is highly dependent on how the conflict unfolds. The Bank projects global GDP growth will slow to 2¾% in 2026, mostly because of the effects of the Middle East conflict, and recover to around 3¼% in 2027 and 2028. Financial conditions in Canada have eased since April and global equity markets have been buoyant. US bond yields have risen, while those in Canada are little changed. This differential has contributed to the depreciation of the Canadian dollar. | Bank of Canada
It is recognized for operational excellence, market knowledge, technological innovation, and reliable asset servicing across the Canadian custody market. RBCIS continues to invest in its future to ensure clients are ahead of industry trends. The firm is transforming its sub-custody platform through modern and enhanced features with expanded automation across corporate actions processing, omnibus tax adjustments and ISO 20022 securities messaging standards. | RBC
Key takeaways: All-in-one commerce and payments solution: combines point-of-sale hardware, payment processing, e-commerce tools and business management software in one integrated system | Designed for businesses: scalable solutions tailored for different kinds of businesses, including retail, restaurants and service-based | Efficiently manage business: helps streamline operations, reduce complexity and save time with integrated tools | Business tools: provides insights and capabilities to help entrepreneurs make informed decisions and scale with confidence. This advanced product offering, which marks a major advancement for the TD Merchant Solutions client experience, is made possible through the Bank's strategic relationship with Fiserv, a leading global provider of payments and financial services technology. | TD
Trust Science, Edmonton-based FinTech which helps lenders vet prospective borrowers with limited credit histories entered in a Master Services Agreement with TD Bank to improve the bank's loan approval and origination turnaround times
Initially TD will start by using Trust Science's income verification and reporting capabilities to provide its clients with fast and secure real-time loan decisioning. TD Auto Finance (Canada) Inc. is the first TD business to use this Trust Science capability. TD Auto Finance has begun rolling out this new capability to its clients through its 5,500 authorized dealers across Canada. | Trust Science -
The approval marks a major milestone in Revolut’s expansion strategy and underscores its commitment to operating within progressive, transparent regulatory frameworks. This year, Revolut also received approval from the Central Bank of the UAE (CBUAE) for its payments activities - reaffirming its intent to build a locally regulated, end-to-end financial ecosystem. By working closely with the Virtual Assets Regulatory Authority (VARA), and subject to obtaining the relevant final regulatory approvals, Revolut intends to offer the virtual asset services covered by the approval in the UAE, namely broker-dealer, management and investment, and exchange services, through its retail app and standalone exchange, Revolut X. This would enable eligible customers in the UAE to buy, sell, and hold digital assets within a regulated framework. | Revolut
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The newly expanded platform is described as “like a halal version of Robinhood.” As it transitions from managed to self-directed investing, Manzil hopes to become an Islamic alternative to the popular US trading app. Now, instead of only allowing its American clients to invest through a managed portfolio—an option the company initially rolled out last year after purchasing United States (US) peer Aghaz Investments—Manzil permits them to directly trade individual US equities that have been screened for compliance with Sharia (Islamic law) through its mobile app. Manzil, which began by offering halal mortgages in Canada, has expanded to offer a variety of financial products geared towards Muslims on both sides of the border. | BetaKit
The fund is managed by Desjardins Global Asset Management Inc. and aims to provide regular income while preserving capital. It primarily invests in investment-grade fixed-income securities issued by Canadian corporations on the Canadian market that will mature in 2031, the year in which the fund is expected to be terminated. With this addition, DI now offers an expended lineup of Desjardins Target Date Investment Grade Bond Funds, with maturities ranging from 2026 to 2031. | Desjardins
Under the partnership, OneVest's wealth operating system now powers CST Spark's digital platform for clients and gives CST Spark's mutual fund representatives a bilingual portal for onboarding and account opening. The platform also brings a client portal and a mutual fund representative portal, enabling features like deposits, transfers, and auto-investing online, along with digital ID verification and more secure access to documents like agreements, statements, and tax forms. | OneVest
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KEO Capital's B2B supply-chain fintech operations enable businesses to access working capital, pay suppliers, anticipate receivables from suppliers, and manage payments within one digital ecosystem, ultimately helping buyers improve cash flow while enabling suppliers to receive payments faster. Building on its operations in Latin America since 2020, KEO Capital is establishing a long-term presence in Canada with a dedicated local leadership team. Through KEO Capital's core solution, Workeo, businesses can apply for financing and, once approved, access a revolving credit facility that enables them to extend payment terms for supplier invoices and operating expenses within the platform. This gives buyers greater financial flexibility while helping suppliers gain faster access to receivables and improve their working capital cycle. | Newswire
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This will give organizations a unified view of their AI token usage across leading providers, beginning with Anthropic, Cursor, and OpenAI. The company aims to give businesses more insight into rising AI computing costs to help them better understand what is driving this spending (by team, user, vendor, and model), avoid unexpected overages, and make stronger investment decisions. | BetaKit
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As a result, Mastercard cardholders can now use Chexy to make eligible bill payments while continuing to earn the rewards associated with their preferred card. Mastercard is “focused on supporting innovation that helps Canadians get more out of every payment—unlocking greater choice, flexibility, and everyday value". Serving more than 200,000 Canadians, Chexy’s platform has processed $1.5 billion in payments and helped users earn over $35 million in rewards, boasting 500% year-over-year growth in payment volume. | Fintech.ca
Created by DCGroup in 2025, the grant supports promising early-stage Canadian fintechs with funding, visibility and access to investors and industry leaders. Padder was praised by the judges for the company’s approach to addressing a significant market need, as well as Moss’s compelling founder narrative and clear command of the market opportunity. As the winner, Padder will receive a non-dilutive grant valued at $100,000, comprising $95,000 in cash funding and the Osler Startup Package, valued at an additional $5,000. The resources are intended to help the company scale its operations, expand its market presence, strengthen its capabilities and build connections with investors and industry leaders. | BusinessWire
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The round was led by Pender Ventures with participation from existing investors Round13 Capital and Graphite Ventures. The company intends to use the funds to further enhance investment in artificial intelligence and automation and support key hires across engineering, AI, and go-to-market. InsideDesk is a revenue cycle management provider, offering a suite of solutions available to dental service organizations, helping DSOs streamline claims processing, improve collections, and reduce administrative burden, giving teams the tools and visibility they need to improve financial performance at every level of the organization. | FinSMEs
TouchBistro’s entire 300-person team is joining Harris, which plans to continue investing in the business. While the financial terms were not disclosed, but it is reported that Harris paid $100 million for TouchBistro, marking a “significant capital loss” for investors and leaving employees with essentially nothing for their common shares. | BetaKit
The acquisition, the first in company history, marks a significant step in Assent's strategy to expand beyond supply chain compliance and deliver comprehensive product lifecycle intelligence, helping manufacturers manage evolving product requirements, sustainability performance, and regulatory obligations from design through end of life. By bringing together Assent’s supply chain and product compliance expertise with IPOINT’s lifecycle assessment and material intelligence capabilities, the combined company gives manufacturers and distributors a more complete picture of their products and builds the trusted product data foundation required for Digital Product Passports and the next generation of global product regulation. | Business Wire
The new payment option gives approved clients the ability to pay legal fees in installments over time, while firms get paid in full upfront, making it easier for Canadians to access the legal support they need. Affirm never charges late fees, hidden fees, or compounding interest, so clients always know what they’ll pay. Pay Later is automatically available and easy to use. Affirm manages billing and payment collection, while the firm receives the invoice amount up front. By embedding Pay Later directly into Clio Payments and Clio Manage, Clio ensures that every transaction is seamlessly reconciled, kept compliant with trust accounting rules, and managed within a single, centralized workflow. | Clio
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