Fathom4sight Newsletter: FinTech Market Activity
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?? TOP TRENDS AND UPDATES FROM FINTECHS
Sagehood, a Vancouver and San Francisco-based AI-powered investment insights platform gains global traction. Sagehood simplifies investing with AI-driven insights, filtering out market noise to provide personalized stock recommendations and in-depth portfolio analysis tailored to individual risk profiles. The company drawn users from major asset management firms such as BlackRock and attracted partnership interest from Bloomberg, signaling strong demand for AI-powered investing solutions. With growing interest from U.S. investors and fintech firms, the company is exploring strategic partnerships and localized features to expand into the U.S. market. Currently bootstrapped, Sagehood yet to raise external funding but remains open to investment and collaboration opportunities. | Fintech.ca
Fiserv completes acquisition of Toronto-based instant payout and digital banking solution provider Payfare. Fiserv finalised its acquisition of Payfare, a company specialising in programme management solutions with a focus on gig economy workers. With the completion of the transaction, Payfare’s co-founders and employees have joined Fiserv. The acquisition adds to Fiserv’s Embedded Finance offerings by incorporating Payfare’s card programme management and white-label consumer application. | The Paypers
Toronto-based My Beacon and India-based payment app Paytm partner to offer My Beacon’s India Bill Payment service directly to Paytm App users in Canada. This means that Paytm users in Canada can now look up their Indian bills and pay them using Canadian dollars right within the Paytm app—a seamless, easy experience. My Beacon aim to simplify financial connections between countries while making services accessible to users wherever they are. This partnership is another step forward in that journey. | LinkedIn
Toronto-based Karla Rent helps credit unions build financial inclusion. Karla Rent is officially emerging from stealth mode with a mission to empower credit unions with cutting-edge financial wellness tools that help them compete with big banks. Karla Rent offers a secure, credit-building rental payment solution, deployable in just four weeks, giving credit unions a competitive edge in financial inclusivity. | Fintech.ca
Wealthica, a Montreal-based investment aggregation platform launches family office version to revolutionize multi-generational wealth management. Family Office software is designed to provide unparalleled financial oversight for high-net-worth families, multi-generational wealth management, and financial advisors. The Family Office version delivers advanced reporting, cross institution aggregation, and customizable portfolios, ensuring seamless collaboration between family members, advisors, and trustees. | Weekly Voice
UK-based neobank Revolut is reportedly recruiting talent for a return to the Canadian market approximately four years after its initial departure. This CEO will be tasked with “scaling the business from 0 to 1, and beyond, within Canada,” ensuring the “smooth acquisition of all required regulatory licenses in a timely manner,” and working “with internal and external stakeholders to manage expectations.” | BetaKit
Shopify launched a new feature to help merchants set up and design their store using artificial intelligence (AI). Merchants can describe their businesses with prompts on their stores’ backend theme pages, and the AI store setup tool will create custom themes based on that description. Shopify Help Center, a single theme description will generate up to 3 free personalized themes. | BetaKit
?? OTHER RECENT UPDATES
London-based digital payments platform Checkout.com expands North America operations with San Francisco office. Checkout launched direct acquiring capabilities in Canada alongside “a suite of features across its network to support the growing US eCommerce market." Also, as part of its North American expansion, Checkout.com introduced PINless debit in the US, enabling merchants “to process debit card transactions without requiring a personal identification number, helping to reduce costs while improving the checkout experience for consumers and reducing cart abandonment.” | Crowdfund Insider
Winnipeg-based financial planning software Conquest Planning partners with CI Wealth, wealth management division of CI Financial to provide advisors with AI-powered financial planning software. With Conquest’s technology, advisors at CI Assante, CIPW and Aligned Capital Partners can build sophisticated, personalized financial plans that complement their investment strategies. | Business Wire
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