Neo Financial attracts C$360m to fuel Canadian fintech growth amid venture funding slump

Neo Financial attracts C$360m to fuel Canadian fintech growth amid venture funding slump

In a remarkable stride for Canadian fintech, Neo Financial has closed a CAD $360 million Series D funding round, one of the largest in the global fintech sector this year. The round, comprising CAD $110 million in equity and CAD $250 million in debt, features a star-studded roster of Canadian tech leaders, including Tobi Lütke, […]

National Bank of Canada signs C$5bn deal to acquire Canadian Western Bank

National Bank of Canada signs C$5bn deal to acquire Canadian Western Bank

National Bank of Canada (TSX: NA) has reached a definitive agreement to acquire Canadian Western Bank (TSX: CWB) in a transformative C$5 billion transaction that promises to reshape the Canadian banking landscape. This strategic move not only enhances National Bank’s footprint across Canada but also solidifies its commitment to providing comprehensive financial services on a […]