<html style="scrollbar-width: thin;scrollbar-color: rgb(219, 219, 219) rgb(255, 255, 255);"><head><meta charset="utf-8"><title>Canadian Fintech: Funding for Float 🤑</title><style>
@media all and (-ms-high-contrast: none), (-ms-high-contrast: active) {
.typography .markup table.image-wrapper img,
.typography.editor .markup table.image-wrapper img,
.typography .markup table.kindle-wrapper img,
.typography.editor .markup table.kindle-wrapper img {
max-width: 550px;
}
}
@media screen and (max-width: 650px) {
.typography .markup div.youtube-overlay,
.typography.editor .markup div.youtube-overlay,
.typography .markup div.vimeo-overlay,
.typography.editor .markup div.vimeo-overlay {
display: none !important;
}
}
@media screen and (max-width: 370px) {
.typography .markup div.tiktok-wrap,
.typography.editor .markup div.tiktok-wrap {
width: calc(95vw - 32px);
height: calc((95vw - 32px - 2px) / 0.485714);
}
}
@media screen and (max-width: 650px) {
.typography .markup div.embedded-publication-wrap .embedded-publication.show-subscribe,
.typography.editor .markup div.embedded-publication-wrap .embedded-publication.show-subscribe {
padding: 24px;
}
}
@media screen and (max-width: 650px) {
.typography .markup div.subscription-widget-wrap .subscription-widget.show-subscribe,
.typography.editor .markup div.subscription-widget-wrap .subscription-widget.show-subscribe,
.typography .markup div.subscription-widget-wrap-editor .subscription-widget.show-subscribe,
.typography.editor .markup div.subscription-widget-wrap-editor .subscription-widget.show-subscribe,
.typography .markup div.captioned-button-wrap .subscription-widget.show-subscribe,
.typography.editor .markup div.captioned-button-wrap .subscription-widget.show-subscribe {
padding: 0px 24px;
}
}
@media screen and (max-width: 650px) {
.typography .markup div.subscription-widget-wrap .subscription-widget.show-subscribe .subscription-widget-subscribe .button,
.typography.editor .markup div.subscription-widget-wrap .subscription-widget.show-subscribe .subscription-widget-subscribe .button,
.typography .markup div.subscription-widget-wrap-editor .subscription-widget.show-subscribe .subscription-widget-subscribe .button,
.typography.editor .markup div.subscription-widget-wrap-editor .subscription-widget.show-subscribe .subscription-widget-subscribe .button,
.typography .markup div.captioned-button-wrap .subscription-widget.show-subscribe .subscription-widget-subscribe .button,
.typography.editor .markup div.captioned-button-wrap .subscription-widget.show-subscribe .subscription-widget-subscribe .button {
padding: 10px 12px;
min-width: 110px;
}
}
@media (max-width: 650px) {
.typography .markup .tweet,
.typography.editor .markup .tweet {
padding: 12px;
}
}
@media (max-width: 650px) {
.typography .markup .tweet .tweet-text,
.typography.editor .markup .tweet .tweet-text {
font-size: 14px;
line-height: 20px;
}
}
@media (max-width: 650px) {
.typography .markup .tweet .tweet-photos-container.two,
.typography.editor .markup .tweet .tweet-photos-container.two,
.typography .markup .tweet .tweet-photos-container.three,
.typography.editor .markup .tweet .tweet-photos-container.three,
.typography .markup .tweet .tweet-photos-container.four,
.typography.editor .markup .tweet .tweet-photos-container.four {
height: 200px;
}
}
@media (max-width: 650px) {
.typography .markup .tweet a.expanded-link .expanded-link-img,
.typography.editor .markup .tweet a.expanded-link .expanded-link-img {
max-height: 180px;
}
}
@media (max-width: 650px) {
.typography .markup .tweet a.expanded-link .expanded-link-description,
.typography.editor .markup .tweet a.expanded-link .expanded-link-description {
display: none;
}
}
@media screen and (max-width: 650px) {
.typography .markup .apple-podcast-container,
.typography.editor .markup .apple-podcast-container {
width: unset;
}
}
@media (max-width: 420px) {
.typography .markup .install-substack-app-embed img.install-substack-app-embed-img,
.typography.editor .markup .install-substack-app-embed img.install-substack-app-embed-img {
margin: 0 auto 16px auto;
}
}
@media (max-width: 420px) {
.typography .markup .install-substack-app-embed .install-substack-app-embed-text,
.typography.editor .markup .install-substack-app-embed .install-substack-app-embed-text {
margin: 0 0 12px 0;
max-width: 100%;
width: auto;
text-align: center;
}
}
@media (max-width: 420px) {
.typography .markup .install-substack-app-embed .install-substack-app-embed-link,
.typography.editor .markup .install-substack-app-embed .install-substack-app-embed-link {
display: flex;
justify-content: center;
}
}
@media screen and (min-width: 481px) {
.share-button-container {
height: 38px;
}
}
@media screen and (min-width: 481px) {
.share-button-container a.comment {
height: 38px;
line-height: 38px;
padding-right: 10px;
}
}
@media screen and (max-width: 480px) {
.share-button-container .separator {
display: block;
margin: 0;
height: 8px;
border-left: none;
}
}
@media screen and (max-width: 480px) {
.share-button-container a.share.first img {
padding-left: 0;
}
}
@media screen and (min-width: 481px) {
.share-button-container a.mobile {
display: none !important;
}
}
@media screen and (min-width: 541px) {
.settings-add-pub-modal-wrapper .container .add-recommending-pub-modal-container {
padding: 36px;
height: 680px;
}
}
@media screen and (min-width: 541px) {
.settings-add-pub-modal-wrapper .container .add-recommending-pub-modal-container .footer {
position: absolute;
bottom: 36px;
margin: 0px;
}
}
@media screen and (max-width: 650px) {
.header-anchor-parent {
display: none;
}
}
@media screen and (max-width: 768px) {
.post {
padding: 16px 0 0 0;
}
}
@media screen and (max-width: 650px) {
.post .post-header .post-label {
margin-top: 8px;
}
}
@media screen and (max-width: 650px) {
.post .post-header .meta-author-wrap.alternative-meta .meta-right-column .post-meta {
margin-top: 6px;
}
}
@media screen and (max-width: 650px) {
.post .footer-facepile-container {
height: 64px;
padding: 0 16px;
display: flex;
align-items: center;
justify-content: flex-start;
width: 100%;
}
}
@media screen and (max-width: 650px) {
.post .post-footer.use-separators {
justify-content: center;
}
}
@media screen and (max-width: 650px) {
.post .post-footer.next-prev {
height: 64px;
justify-content: space-between;
box-sizing: border-box;
}
}
@media screen and (max-width: 650px) {
.post-contributor-footer .post-contributor-bio-table {
display: block;
}
.post-contributor-footer .post-contributor-bio-table-row {
display: flex;
flex-direction: row;
}
.post-contributor-footer .post-contributor-bio-userhead-cell,
.post-contributor-footer .post-contributor-bio-body-cell {
display: block;
}
.post-contributor-footer .post-contributor-bio-body-cell {
flex-grow: 1;
}
.post-contributor-footer .post-contributor-bio-body-table {
display: block;
}
.post-contributor-footer .post-contributor-bio-body-table-row {
display: block;
}
.post-contributor-footer .post-contributor-bio-copy-cell,
.post-contributor-footer .post-contributor-bio-controls-cell {
display: block;
}
.post-contributor-footer .post-contributor-bio-copy-cell {
margin: 0 0 16px 0;
}
.post-contributor-footer .post-contributor-bio-controls-cell {
width: auto;
}
.post-contributor-footer .post-contributor-bio-controls {
margin: auto;
}
.post-contributor-footer .post-contributor-bio-controls .button.primary {
width: 100%;
}
.post-contributor-footer .post-contributor-bio-text {
font-size: 14px;
}
}
@media screen and (min-width: 768px) {
.post-silhouette {
padding: 32px 0;
}
}
@media screen and (max-width: 650px) {
.post-silhouette .post-silhouette-title {
margin-top: 10.44225025px;
height: 120px;
}
}
@media screen and (max-width: 650px) {
.post-silhouette .post-silhouette-meta {
width: 75%;
}
}
@media screen and (max-width: 650px) {
.post-silhouette .post-silhouette-meta.with-byline-image {
margin: 20px 0;
}
}
@media screen and (max-width: 650px) {
.use-theme-bg .post-meta.alternative-meta .post-meta-item,
.post-meta.alternative-meta .post-meta-item {
padding-right: 16px;
}
}
@media screen and (max-width: 370px) {
.use-theme-bg .post-meta.alternative-meta .post-meta-item,
.post-meta.alternative-meta .post-meta-item {
font-size: 14px;
}
}
@media screen and (max-width: 650px) {
.use-theme-bg .post-meta.alternative-meta .post-meta-item.guest-author-publication,
.post-meta.alternative-meta .post-meta-item.guest-author-publication {
display: none;
}
}
@media screen and (max-width: 370px) {
.post-meta .post-meta-item .post-meta-button {
height: 36px !important;
/* important to override in-line height style on emails */
}
.post-meta .post-meta-item .post-meta-button .meta-button-label {
display: none;
}
.post-meta .post-meta-item .post-meta-button > svg {
margin-right: 0;
}
}
@media screen and (max-width: 370px) {
.post-meta .post-meta-item {
font-size: 12px;
}
}
@media screen and (max-width: 650px) {
.post .floating-subscribe-button {
bottom: 20px;
right: 20px;
}
}
@media all and (-ms-high-contrast: none), (-ms-high-contrast: active) {
body .markup table.image-wrapper img,
body .markup table.kindle-wrapper img {
max-width: 550px;
}
}
@media screen and (max-width: 650px) {
body .markup div.youtube-overlay,
body .markup div.vimeo-overlay {
display: none !important;
}
}
@media screen and (max-width: 370px) {
body .markup div.tiktok-wrap {
width: calc(95vw - 32px);
height: calc((95vw - 32px - 2px) / 0.485714);
}
}
@media screen and (max-width: 650px) {
body .markup div.embedded-publication-wrap .embedded-publication.show-subscribe {
padding: 24px;
}
}
@media screen and (max-width: 650px) {
body .markup div.subscription-widget-wrap .subscription-widget.show-subscribe,
body .markup div.subscription-widget-wrap-editor .subscription-widget.show-subscribe,
body .markup div.captioned-button-wrap .subscription-widget.show-subscribe {
padding: 0px 24px;
}
}
@media screen and (max-width: 650px) {
body .markup div.subscription-widget-wrap .subscription-widget.show-subscribe .subscription-widget-subscribe .button,
body .markup div.subscription-widget-wrap-editor .subscription-widget.show-subscribe .subscription-widget-subscribe .button,
body .markup div.captioned-button-wrap .subscription-widget.show-subscribe .subscription-widget-subscribe .button {
padding: 10px 12px;
min-width: 110px;
}
}
@media (max-width: 650px) {
body .markup .tweet {
padding: 12px;
}
}
@media (max-width: 650px) {
body .markup .tweet .tweet-text {
font-size: 14px;
line-height: 20px;
}
}
@media (max-width: 650px) {
body .markup .tweet .tweet-photos-container.two,
body .markup .tweet .tweet-photos-container.three,
body .markup .tweet .tweet-photos-container.four {
height: 200px;
}
}
@media (max-width: 650px) {
body .markup .tweet a.expanded-link .expanded-link-img {
max-height: 180px;
}
}
@media (max-width: 650px) {
body .markup .tweet a.expanded-link .expanded-link-description {
display: none;
}
}
@media screen and (max-width: 650px) {
body .markup .apple-podcast-container {
width: unset;
}
}
@media (max-width: 420px) {
body .markup .install-substack-app-embed img.install-substack-app-embed-img {
margin: 0 auto 16px auto;
}
}
@media (max-width: 420px) {
body .markup .install-substack-app-embed .install-substack-app-embed-text {
margin: 0 0 12px 0;
max-width: 100%;
width: auto;
text-align: center;
}
}
@media (max-width: 420px) {
body .markup .install-substack-app-embed .install-substack-app-embed-link {
display: flex;
justify-content: center;
}
}
@media screen and (min-width: 500px) {
body .header a.logo {
width: 42px;
height: 42px;
border-radius: 12px;
}
}
@media screen and (max-width: 420px) {
body .subscription-receipt table:first-of-type .subscription-amount .subscription-discount {
width: 72px !important;
}
}
@media screen and (min-width: 481px) {
body .share-button-container {
height: auto;
}
}
@media screen and (max-width: 480px) {
body .share-button-container .separator {
display: block !important;
margin: 0 !important;
height: 8px !important;
border-left: none !important;
}
}
@media screen and (max-width: 650px) {
.digest .item .post-meta-item.audience {
display: none;
}
}
@media screen and (min-width: 500px) {
.digest-publication .logo img {
width: 42px;
height: 42px;
border-radius: 8px;
}
}
@media screen and (max-width: 650px) {
.comments-page .container .comment-list .collapsed-reply {
margin-left: calc(10 + 32px - 24px);
}
}
@media screen and (max-width: 650px) {
.comment > .comment-list {
padding-left: 24px;
}
}
@media screen and (max-width: 650px) {
.finish-magic-login-modal .modal-content .container {
padding: 24px 0;
}
}
@media (max-width: 650px) {
.reader2-text-b3 {
line-height: 24px;
}
}
@media screen and (max-width: 650px) {
.reader2-text-h4 {
line-height: 24px;
}
}
@media screen and (min-width: 541px) {
.user-profile-modal {
padding-left: 12px;
padding-right: 12px;
}
}
@media screen and (max-width: 650px) {
.subscribe-widget form.form .sideBySideWrap button.rightButton {
padding: 10px 12px;
}
}
@media screen and (min-width: 541px) {
.pub-icon:hover .logo-hover,
.feed-item-icon:hover .logo-hover {
display: block;
}
}
@media screen and (max-width: 650px) {
.post-ufi.single-full-width-button .post-ufi-button-wrapper {
width: 100%;
padding: 16px;
}
.post-ufi.single-full-width-button .post-ufi-button-wrapper:empty {
display: none;
}
.post-ufi.single-full-width-button .post-ufi-button {
width: 100%;
justify-content: center;
}
}
@media screen and (max-width: 768px) {
.file-embed-wrapper {
padding: 0;
}
}
@media screen and (max-width: 768px) {
.file-embed-wrapper-editor {
padding: 0;
}
}
@media screen and (max-width: 768px) {
.file-embed-wrapper-editor:active {
padding: 0;
}
}
@media only screen and (max-width: 650px) {
.file-embed-button.wide,
.file-embed-error-button.wide {
display: none;
}
}
@media only screen and (min-width: 630px) {
.file-embed-button.narrow,
.file-embed-error-button.narrow {
display: none;
}
}
@media screen and (min-width: 541px) {
.audio-player-wrapper .audio-player {
min-width: 500px;
}
}
@media screen and (max-width: 650px) {
.audio-player-wrapper .audio-player .audio-player-progress {
border-left-width: 16px;
border-right-width: 16px;
}
}
@media screen and (max-width: 650px) {
.audio-player-wrapper .audio-player .audio-player-progress .audio-player-progress-bar .audio-player-progress-bar-popup {
top: -54px;
}
}
@media screen and (max-width: 650px) {
.audio-player-wrapper-fancy .audio-player .audio-player-progress {
border-left-width: 16px;
border-right-width: 16px;
}
}
@media screen and (max-width: 650px) {
.audio-player-wrapper-fancy .audio-player .audio-player-progress .audio-player-progress-bar .audio-player-progress-bar-popup {
top: -54px;
}
}
@media (min-width: 250px) {
.audio-player-wrapper-fancy .audio-player {
padding: 32px;
}
.audio-player-wrapper-fancy .audio-player .btn-group {
display: flex;
}
.audio-player-wrapper-fancy .audio-player .btn-group .button:last-of-type {
display: block;
}
}
@media (min-width: 300px) {
.audio-player-wrapper-fancy .audio-player .btn-group {
display: block;
}
.audio-player-wrapper-fancy .audio-player .btn-group .button:first-of-type {
display: block;
}
}
@media (min-width: 350px) {
.audio-player-wrapper-fancy .audio-player .audio-player-substack-logo {
display: block;
}
.audio-player-wrapper-fancy .audio-player .audio-player-title {
margin-top: 16px;
}
.audio-player-wrapper-fancy .audio-player .audio-player-hero-image-container {
padding-top: 15%;
width: 15%;
display: block;
}
.audio-player-wrapper-fancy .audio-player .btn-group .button:first-of-type {
display: block;
}
.audio-player-wrapper-fancy .audio-player .audio-player-substack-logo {
display: block;
}
}
@media (min-width: 350px) {
.audio-player-wrapper-fancy .audio-player .audio-player-hero-image-container {
padding-top: 25%;
width: 25%;
display: block;
}
.audio-player-wrapper-fancy .audio-player .btn-group {
display: flex;
}
.audio-player-wrapper-fancy .audio-player .btn-group .button:first-of-type {
display: block;
}
}
@media (min-width: 400px) {
.audio-player-wrapper-fancy .audio-player .audio-player-hero-image-container {
padding-top: 40%;
width: 40%;
}
}
@media (max-width: 400px) {
.audio-player-wrapper-fancy .audio-player .btn-group {
margin-top: 12px;
}
.audio-player-wrapper-fancy .audio-player .btn-group .button {
font-size: 13px;
padding: 6px 12px;
height: auto;
margin-top: 10px;
}
}
@media (min-width: 600px) {
.audio-player-wrapper-fancy .audio-player .audio-player-hero-image-container {
padding-top: 55%;
width: 55%;
}
}
@media (max-width: 650px) {
.poll-editor-modal {
min-width: calc(100% - 20px);
}
}
@media (max-width: 750px) {
.poll-embed .poll-anchor-target .poll-anchor-copy-button {
left: 8px;
top: 45px;
}
}
@media screen and (min-width: 541px) {
.poll-embed .poll-wrapper.poll-web .poll-dialog .modal-table .modal-row .modal-content > .container {
width: 552px;
padding: 26px 24px;
}
}
@media screen and (max-width: 650px) {
.poll-embed .poll-wrapper.poll-web .poll-dialog .modal-table .modal-row .modal-content > .container {
padding: 40px 0;
}
}
@media screen and (max-width: 650px) {
.poll-embed .poll-wrapper.poll-web .poll-dialog .modal-row .modal-cell .modal-exit-btn {
margin-right: -20px;
}
}</style></head><body class="email-body" style="font-kerning: auto;"><img src="https://eotrx.substackcdn.com/open?token=eyJtIjoiPDIwMjUwMTIwMTMzODMxLjMuZGY3ZGI3M2IxOGExZWUwN0BtZy1kMC5zdWJzdGFjay5jb20-IiwidSI6MTkyNTY5NTEyLCJyIjoiMDc0ZGw1a3VmZnYzMDRvdUBuZXdzbGV0dGVyLnJvZGVvIiwiZCI6Im1nLWQwLnN1YnN0YWNrLmNvbSIsInAiOjE1NTI0NzUwOCwidCI6Im5ld3NsZXR0ZXIiLCJhIjoiZXZlcnlvbmUiLCJzIjo2NjMzNTMsImMiOiJwb3N0IiwiZiI6dHJ1ZSwicG9zaXRpb24iOiJ0b3AiLCJpYXQiOjE3MzczODAzMjMsImV4cCI6MTczOTk3MjMyMywiaXNzIjoicHViLTAiLCJzdWIiOiJlbyJ9.pP1CThgfdLSCsv_qFI0swWsuVpzpmavt9waO1sOp-rQ" alt="" width="1" height="1" border="0" style="height:1px !important;width:1px !important;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;"/><div class="preview" style="display:none;font-size:1px;color:#333333;line-height:1px;max-height:0px;max-width:0px;opacity:0;overflow:hidden;">RateHub expands into personal lending. Borderless raises from Cohere.</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_14k7g_1 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_14k7g_16 _size-12_14k7g_35 _reset_14k7g_1" 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_14k7g_1" translated="" style="list-style: none;color: unset;text-decoration: unset;margin: 0;">Forwarded this email? <a class="pencraft pc-reset _decoration-underline_14k7g_283 _reset_14k7g_1" href="https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9jYW5hZGlhbmZpbnRlY2guc3Vic3RhY2suY29tL3N1YnNjcmliZT91dG1fc291cmNlPWVtYWlsJnV0bV9jYW1wYWlnbj1lbWFpbC1zdWJzY3JpYmUmcj0zNm5mbDQmbmV4dD1odHRwcyUzQSUyRiUyRmNhbmFkaWFuZmludGVjaC5zdWJzdGFjay5jb20lMkZwJTJGY2FuYWRpYW4tZmludGVjaC1mdW5kaW5nLWZvci1mbG9hdCIsInAiOjE1NTI0NzUwOCwicyI6NjYzMzUzLCJmIjp0cnVlLCJ1IjoxOTI1Njk1MTIsImlhdCI6MTczNzM4MDMyMiwiZXhwIjoxNzM5OTcyMzIyLCJpc3MiOiJwdWItMCIsInN1YiI6ImxpbmstcmVkaXJlY3QifQ.A91Im6aLys-D52_vFWtaMFkWxa5zZGJaAkFdqAWJoTo?" style="list-style: none;color: unset;text-decoration: unset;margin: 0;-webkit-text-decoration-line: underline;text-decoration-line: underline;">Subscribe here</a> for more</span></div></span></td></tr></tbody></table></td></tr></tbody></table><div class="post typography" dir="auto" style="padding: 32px 0 0 0;font-size: 16px;line-height: 26px;"><div class="post-header" style="font-size: 16px;line-height: 26px;"><h1 class="post-title published" style="color: rgb(54, 55, 55);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: 0;line-height: 36px;font-size: 32px;"><a href="https://substack.com/app-link/post?publication_id=663353&post_id=155247508&utm_source=post-email-title&utm_campaign=email-post-title&isFreemail=true&r=36nfl4&token=eyJ1c2VyX2lkIjoxOTI1Njk1MTIsInBvc3RfaWQiOjE1NTI0NzUwOCwiaWF0IjoxNzM3MzgwMzIyLCJleHAiOjE3Mzk5NzIzMjIsImlzcyI6InB1Yi02NjMzNTMiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.s-DLlr1fZiEnlnQPkQBJix2P9VpfVzerIdPrzyGLIpQ" style="color: rgb(54, 55, 55);text-decoration: none;">Canadian Fintech: Funding for Float 🤑</a></h1><h3 class="subtitle" 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: normal;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegibility;appearance: optimizelegibility;margin: 4px 0 0;color: #777777;line-height: 24px;font-size: 18px;margin-top: 12px;">RateHub expands into personal lending. Borderless raises from Cohere.</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_14k7g_166 _line-height-20_14k7g_80 _font-meta_14k7g_115 _size-11_14k7g_31 _weight-medium_14k7g_145 _transform-uppercase_14k7g_240 _reset_14k7g_1 _meta_14k7g_440 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: .2px;"><a class="pencraft pc-reset _color-primary_14k7g_166 _line-height-20_14k7g_80 _font-meta_14k7g_115 _size-11_14k7g_31 _weight-medium_14k7g_145 _transform-uppercase_14k7g_240 _reset_14k7g_1 _meta_14k7g_440" style="list-style: none;color: rgb(54, 55, 55);margin: 0;font-size: 11px;line-height: 20px;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: .2px;text-decoration: none" href="https://substack.com/@talschwartz">Tal Schwartz</a></div></td></tr></tbody></table></td></tr><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-secondary_14k7g_169 _line-height-20_14k7g_80 _font-meta_14k7g_115 _size-11_14k7g_31 _weight-medium_14k7g_145 _transform-uppercase_14k7g_240 _reset_14k7g_1 _meta_14k7g_440" style="list-style: none;font-size: 11px;line-height: 20px;text-decoration: unset;color: rgb(119, 119, 119);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: .2px;"><time datetime="2025-01-20T13:38:35.588Z">Jan 20</time></div></td></tr></tbody></table></td></tr></tbody></table></td><td align="right"><table role="presentation" width="auto" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td style="vertical-align:middle;"><a href="https://substack.com/@talschwartz"><img class="custom-css-email-avatar _avatar_1mh60_65" src="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc852364-628e-41e0-b9bb-8ebb278dc171_1902x1695.png" style="border-radius: 500000px;box-sizing: border-box;max-width: 550px;border: none;vertical-align: middle;width: 40px;height: 40px;min-width: 40px;min-height: 40px;object-fit: cover;margin: 0px;display: inline" width="40" height="40"></a></td></tr></tbody></table></td></tr></tbody></table><table class="email-ufi-2-top" role="presentation" width="100%" border="0" cellspacing="0" cellpadding="0" style="border-top: 1px solid rgb(0, 0, 0, .1);border-bottom: 1px solid rgb(0, 0, 0, .1);min-width: 100%;"><tbody><tr height="16"><td height="16" style="font-size:0px;line-height:0;"> </td></tr><tr><td><table role="presentation" width="100%" 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;"><table role="presentation" width="38" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="center"><a class="email-icon-button" href="https://substack.com/app-link/post?publication_id=663353&post_id=155247508&utm_source=substack&isFreemail=true&submitLike=true&token=eyJ1c2VyX2lkIjoxOTI1Njk1MTIsInBvc3RfaWQiOjE1NTI0NzUwOCwicmVhY3Rpb24iOiLinaQiLCJpYXQiOjE3MzczODAzMjIsImV4cCI6MTczOTk3MjMyMiwiaXNzIjoicHViLTY2MzM1MyIsInN1YiI6InJlYWN0aW9uIn0.TBkvIfsgZ8diZIssQkxDVqoZEntjkHpJ6ZXXZNgtgsI&utm_medium=email&utm_campaign=email-reaction&r=36nfl4" style="font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';display: inline-block;font-weight: 500;border: 1px solid rgb(0, 0, 0, .1);border-radius: 9999px;text-transform: uppercase;font-size: 12px;line-height: 1;padding: 9px 0;text-decoration: none;color: rgb(119, 119, 119);min-width: 38px;box-sizing: border-box;width: 38px"><img class="icon" src="https://substackcdn.com/image/fetch/w_36,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Ficon%2FLucideHeart%3Fv%3D4%26height%3D36%26fill%3Dnone%26stroke%3D%2523808080%26strokeWidth%3D2" width="18" height="18" style="border: none;vertical-align: middle;max-width: 18px" alt=""></a></td></tr></tbody></table></td><td width="8" style="min-width: 8px"></td><td style="vertical-align:middle;"><table role="presentation" width="38" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="center"><a class="email-icon-button" href="https://substack.com/app-link/post?publication_id=663353&post_id=155247508&utm_source=substack&utm_medium=email&isFreemail=true&comments=true&token=eyJ1c2VyX2lkIjoxOTI1Njk1MTIsInBvc3RfaWQiOjE1NTI0NzUwOCwiaWF0IjoxNzM3MzgwMzIyLCJleHAiOjE3Mzk5NzIzMjIsImlzcyI6InB1Yi02NjMzNTMiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.s-DLlr1fZiEnlnQPkQBJix2P9VpfVzerIdPrzyGLIpQ&r=36nfl4&utm_campaign=email-half-magic-comments&action=post-comment&utm_source=substack&utm_medium=email" style="font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';display: inline-block;font-weight: 500;border: 1px solid rgb(0, 0, 0, .1);border-radius: 9999px;text-transform: uppercase;font-size: 12px;line-height: 1;padding: 9px 0;text-decoration: none;color: rgb(119, 119, 119);min-width: 38px;box-sizing: border-box;width: 38px"><img class="icon" src="https://substackcdn.com/image/fetch/w_36,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Ficon%2FLucideComments%3Fv%3D4%26height%3D36%26fill%3Dnone%26stroke%3D%2523808080%26strokeWidth%3D2" width="18" height="18" style="border: none;vertical-align: middle;max-width: 18px" alt=""></a></td></tr></tbody></table></td><td width="8" style="min-width: 8px"></td><td style="vertical-align:middle;"><table role="presentation" width="38" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="center"><a class="email-icon-button" href="https://substack.com/app-link/post?publication_id=663353&post_id=155247508&utm_source=substack&utm_medium=email&utm_content=share&utm_campaign=email-share&action=share&triggerShare=true&isFreemail=true&r=36nfl4&token=eyJ1c2VyX2lkIjoxOTI1Njk1MTIsInBvc3RfaWQiOjE1NTI0NzUwOCwiaWF0IjoxNzM3MzgwMzIyLCJleHAiOjE3Mzk5NzIzMjIsImlzcyI6InB1Yi02NjMzNTMiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.s-DLlr1fZiEnlnQPkQBJix2P9VpfVzerIdPrzyGLIpQ" style="font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';display: inline-block;font-weight: 500;border: 1px solid rgb(0, 0, 0, .1);border-radius: 9999px;text-transform: uppercase;font-size: 12px;line-height: 1;padding: 9px 0;text-decoration: none;color: rgb(119, 119, 119);min-width: 38px;box-sizing: border-box;width: 38px"><img class="icon" src="https://substackcdn.com/image/fetch/w_36,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Ficon%2FLucideShare2%3Fv%3D4%26height%3D36%26fill%3Dnone%26stroke%3D%2523808080%26strokeWidth%3D2" width="18" height="18" style="border: none;vertical-align: middle;max-width: 18px" alt=""></a></td></tr></tbody></table></td><td width="8" style="min-width: 8px"></td><td style="vertical-align:middle;"><table role="presentation" width="38" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="center"><a class="email-icon-button" href="https://substack.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.hc2Rrmb8UhJR26v8W1B-l7oPPSHLKKzp2-1Id2Go_D0?&utm_source=substack&utm_medium=email" style="font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';display: inline-block;font-weight: 500;border: 1px solid rgb(0, 0, 0, .1);border-radius: 9999px;text-transform: uppercase;font-size: 12px;line-height: 1;padding: 9px 0;text-decoration: none;color: rgb(119, 119, 119);min-width: 38px;box-sizing: border-box;width: 38px"><img class="icon" src="https://substackcdn.com/image/fetch/w_36,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Ficon%2FNoteForwardIcon%3Fv%3D4%26height%3D36%26fill%3Dnone%26stroke%3D%2523808080%26strokeWidth%3D2" width="18" height="18" style="border: none;vertical-align: middle;max-width: 18px" alt=""></a></td></tr></tbody></table></td></tr></tbody></table></td><td align="right"><table role="presentation" width="auto" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td style="vertical-align:middle;"><table role="presentation" width="auto" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="center"><a class="email-button-outline" href="https://open.substack.com/pub/canadianfintech/p/canadian-fintech-funding-for-float?utm_source=email&redirect=app-store&utm_campaign=email-read-in-app" style="font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';display: inline-block;font-weight: 500;border: 1px solid rgb(0, 0, 0, .1);border-radius: 9999px;text-transform: uppercase;font-size: 12px;line-height: 12px;padding: 9px 14px;text-decoration: none;color: rgb(119, 119, 119);"><div class="email-button-spacer" style="font-size: 16px;line-height: 26px;display: inline-block;vertical-align: middle;max-width: 0;min-height: 18px;"></div><span class="email-button-text" style="vertical-align: middle;margin-right: 4px">READ IN APP</span><img class="icon text-icon" src="https://substackcdn.com/image/fetch/w_36,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Ficon%2FLucideArrowUpRight%3Fv%3D4%26height%3D36%26fill%3Dnone%26stroke%3D%2523808080%26strokeWidth%3D2" width="18" height="18" style="min-width: 18px;min-height: 18px;border: none;vertical-align: middle;margin-right: 0;margin-left: 0;max-width: 18px" alt=""></a></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr><tr height="16"><td height="16" style="font-size:0px;line-height:0;"> </td></tr></tbody></table></div></div><div class="post typography" dir="auto" style="padding: 32px 0 0 0;font-size: 16px;line-height: 26px;"><div class="body markup" dir="auto" style="text-align: initial;font-size: 16px;line-height: 26px;width: 100%;word-break: break-word;margin-bottom: 16px;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;"><div class="captioned-image-container-static" style="font-size: 16px;line-height: 26px;margin: 32px auto;margin-top: 0;"><figure style="width: 100%;margin: 0 auto;"><table class="image-wrapper" data-component-name="Image2ToDOMStatic" width="100%" border="0" cellspacing="0" cellpadding="0" style="mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style="text-align: center;"></td><td class="content" align="left" width="1456" style="text-align: center;"><a class="image-link" rel="" target="_blank" href="https://substack.com/redirect/5dfa70e5-d4fe-4306-849c-992b5169cbd8?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" style="position: relative;flex-direction: column;align-items: center;padding: 0;width: auto;height: auto;border: none;text-decoration: none;display: block;margin: 0;margin-top: 0;margin-bottom: 0;"><img class="wide-image" data-attrs="{"src":"https://substack-post-media.s3.amazonaws.com/public/images/34f501fc-3f2c-4318-b19b-5e3a62455f1e_2000x1125.png","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":819,"width":1456,"resizeWidth":null,"bytes":256870,"alt":"","title":"","type":"image/png","href":"https://financeevents.ca/evnt/autofinancecanada/","belowTheFold":false,"topImage":true,"internalRedirect":null,"isProcessing":false}" alt="" title="" width="550" height="309.375" src="https://substackcdn.com/image/fetch/w_2912,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F34f501fc-3f2c-4318-b19b-5e3a62455f1e_2000x1125.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;">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>For those of you in Toronto, on Jan 28th I’ll be </span><a href="https://substack.com/redirect/15119dcb-4a3f-4c86-b64b-b57f0f4f65b8?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">moderating a panel</a><span> with the founders of Loop, Borrowell and Yield Exchange. </span></p><p style="margin: 0 0 20px 0;color: rgb(54, 55, 55);line-height: 26px;font-size: 16px;"><span>Also if you’re looking for a short pod on Canadian fintech, I was on the last episode of the </span><a href="https://substack.com/redirect/ce46b3c3-167a-425f-9a77-1eda84cce4d4?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">Fintech Fuse Podcast</a><span>. </span></p><p style="margin: 0 0 20px 0;color: rgb(54, 55, 55);line-height: 26px;font-size: 16px;">Was this email forwarded to you? Become one of our 11,790 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;"><p class="button-wrapper" style="margin: 0 0 20px 0;color: rgb(54, 55, 55);line-height: 26px;font-size: 16px;text-align: center;cursor: pointer;border-radius: 4px;"><a class="button subscribe-btn primary" href="https://substack.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.AAfEobPFOjAikqIf3UrYEXmXVI9ipmak2TN6qzJ46y0?&utm_medium=email&utm_source=subscribe-widget&utm_content=155247508" style="font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';display: inline-block;box-sizing: 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;color: #ffffff !important;text-decoration: none !important;margin: 0 auto;background-color: #e85c57;padding: 12px 20px;height: auto;"><span style="color: #ffffff;text-decoration: none;">Upgrade to paid</span></a></p></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: rgba(var(--color-bg-accent-themed-rgb), 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>Float</strong><span>, a Toronto based corporate card and expense management platform, </span><a href="https://substack.com/redirect/695d609e-f3b0-4d3c-ac49-597d7d367353?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">raised</a><span> $70m, led by </span><strong>Goldman Sachs</strong><span>, with participation from </span><strong>OMERS</strong><span>, </span><strong>FJ Labs</strong><span>, </span><strong>Garage</strong><span> </span><strong>Capital</strong><span> and </span><strong>Teralys</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>Float raised $50m in </span><a href="https://substack.com/redirect/2760898c-4f70-4f8f-83c4-75cb4153146c?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">credit</a><span> in 2024 and $37m in </span><a href="https://substack.com/redirect/184cc3b2-1e94-4434-9803-7df7c04e8fc7?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">equity</a><span> in 2021.</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;"><a href="https://substack.com/redirect/bb0ca244-fe46-4389-8e77-715afdd9bae4?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">Here’s my breakdown</a><span> of Float’s product strategy.</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" data-component-name="Image2ToDOMStatic" width="100%" border="0" cellspacing="0" cellpadding="0" style="mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style="text-align: center;"></td><td class="content" align="left" width="942" style="text-align: center;"><a class="image-link" rel="" target="_blank" href="https://substack.com/redirect/d2463d06-59ee-4647-9269-5c00879b5f80?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" 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/a8ac2bef-d557-4455-bbb5-8e624f14921f_942x623.png","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":623,"width":942,"resizeWidth":null,"bytes":626205,"alt":null,"title":null,"type":"image/png","href":null,"belowTheFold":true,"topImage":false,"internalRedirect":null,"isProcessing":false}" alt="" width="550" height="363.7473460721868" src="https://substackcdn.com/image/fetch/w_1884,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8ac2bef-d557-4455-bbb5-8e624f14921f_942x623.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><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>Ownwell</strong><span>, a Vancouver based marketing automation tool for mortgage brokers, raised an undisclosed pre-seed led by </span><strong>Conconi Growth Partners</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 company is very similar to </span><strong>Homebot</strong><span> in the US.</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>Gumloop</strong><span>, a Vancouver based tool that automates tasks like processing email invoices and contacting recruits on Linkedin, </span><a href="https://substack.com/redirect/0ed18c9e-910c-469b-be12-8d2838056d06?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">raised</a><span> USD $17m from </span><strong>Nexus Venture Partners</strong><span>, </span><strong>YC</strong><span>, and </span><strong>First Round Capital</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>Gumloop </span><a href="https://substack.com/redirect/6933fdad-0b1b-49f5-86b2-c061eb479acb?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">raised</a><span> USD $3.1m last July.</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;">The company is now relocating to San Francisco.</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>Vasco</strong><span>, a Montreal based sales & marketing analytics platform for b2b software companies </span><a href="https://substack.com/redirect/699c07ae-4a8b-47e3-a7bd-f9f4fac27c6e?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">raised</a><span> USD $6m from </span><strong>Inovia</strong><span>, </span><strong>Framework</strong><span> & </span><strong>BY Venture Partners</strong><span>.</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>Sellit9</strong><span>, a platform for shoppers to trade-in their old products in exchange for cash, </span><a href="https://substack.com/redirect/d377452e-f875-4d94-b228-2d46955afdec?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">raised</a><span> $1.5m from </span><strong>Drive Capital</strong><span> and </span><strong>Northside Ventures</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;"><a href="https://substack.com/redirect/81098059-72d4-44be-9425-26b166ba7f2a?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">Here’s a breakdown</a><span> of the intersection between fintech and supply chain tech.</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>Borderless</strong><span>, a Toronto based HR platform for companies to hire international employees, </span><a href="https://substack.com/redirect/07944b7b-a42b-4705-afd4-b4632b7d1861?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">raised</a><span> $5m from the co-founders of </span><strong>Cohere</strong><span>, a Toronto based AI LLM company.</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>This is an </span><a href="https://substack.com/redirect/8c2b83fb-85a4-4f86-a142-f82b5bfbb344?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">extension round</a><span> to the $24m they raised last year.</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;">The funding will be used to build more HR automation tools like searching through corporate policies & guidelines.</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: rgba(var(--color-bg-accent-themed-rgb), 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>QuoteMachine</strong><span>, a Montreal based platform for merchants to manage quotes, orders, inventory and payments was </span><a href="https://substack.com/redirect/ad5139e0-87ae-45a6-9e4a-963077d832a4?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">acquired</a><span> by </span><strong>Lightspeed</strong><span>, a Montreal based payments company.</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>QuoteMachine </span><a href="https://substack.com/redirect/e08aef6c-2fa5-4a5f-ad4a-d7f97a45afdd?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">raised</a><span> $5m in 2023 from </span><strong>Manresa</strong><span>, </span><strong>Clocktower</strong><span> and </span><strong>Precursor Ventures</strong><span>.</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>Blade Labs</strong><span>, Toronto based company which provides staking infrastructure for Solana was </span><a href="https://substack.com/redirect/0ed6fafd-ee9b-40ef-8479-050fa1b7c106?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">acquired</a><span> by </span><strong>WonderFi</strong><span>, a crypto exchange.</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>Bench</strong><span>, a Vancouver based bookkeeping startup that was acquired by </span><strong>Employer.com</strong><span> after abruptly </span><a href="https://substack.com/redirect/27717efb-c6a2-49bd-baff-8c5005852ce8?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">shutting down</a><span> last month, had $94m in debt </span><a href="https://substack.com/redirect/f23ddd09-873c-47e7-ac20-458210c7e00b?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">and only</a><span> $4m in cash.</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: rgba(var(--color-bg-accent-themed-rgb), 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;">Canada’s Largest Automotive Finance Conference is on Feb 11th</h4><p style="margin: 0 0 20px 0;color: rgb(54, 55, 55);line-height: 26px;font-size:16px;">Hear from executives at Canada’s largest auto finance companies. </p><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" data-component-name="Image2ToDOMStatic" width="100%" border="0" cellspacing="0" cellpadding="0" style="mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style="text-align: center;"></td><td class="content" align="left" width="1456" style="text-align: center;"><a class="image-link" rel="" target="_blank" href="https://substack.com/redirect/5dfa70e5-d4fe-4306-849c-992b5169cbd8?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" 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/9e6f26dc-89a4-4b96-bf8a-9b2c322b9315_1990x1190.png","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":871,"width":1456,"resizeWidth":null,"bytes":1150928,"alt":null,"title":null,"type":"image/png","href":"https://financeevents.ca/evnt/autofinancecanada/","belowTheFold":true,"topImage":false,"internalRedirect":null,"isProcessing":false}" alt="" width="550" height="329.01785714285717" src="https://substackcdn.com/image/fetch/w_2912,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e6f26dc-89a4-4b96-bf8a-9b2c322b9315_1990x1190.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 class="button-wrapper" data-component-name="ButtonCreateButton" data-attrs="{"url":"https://financeevents.ca/evnt/autofinancecanada/","text":"Tickets Here","action":null,"class":null}" style="margin: 0 0 20px 0;color: rgb(54, 55, 55);line-height: 26px;font-size: 16px;text-align: center;cursor: pointer;border-radius: 4px;"><a class="button primary" rel="" href="https://substack.com/redirect/5dfa70e5-d4fe-4306-849c-992b5169cbd8?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU"style="font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';display: inline-block;box-sizing: border-box;cursor: pointer;border: none;border-radius: 8px;font-size: 14px;line-height: 20px;font-weight: 600;text-align: center;margin: 0;opacity: 1;outline: none;white-space: nowrap;color: #ffffff !important;text-decoration: none !important;background-color: #e85c57;padding: 12px 20px;height: auto;"><span style="color: #ffffff;text-decoration: none;">Tickets Here</span></a></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: rgba(var(--color-bg-accent-themed-rgb), 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>Ratehub</strong><span>, a Toronto based mortgage comparison site, </span><a href="https://substack.com/redirect/8d91da94-04bd-40d0-a33f-eb0e47ca1165?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">expanded</a><span> into consumer loans.</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>Ratehub also owns its own mortgage lending business called </span><strong>CanWise</strong><span>. I’m curious to see if they’ll launch a similar personal lending business now.</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>Ratehub was </span><a href="https://substack.com/redirect/3c3553e4-a5d8-45d2-89a6-6a4e211f1e5d?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">acquired</a><span> by </span><strong>Novacap</strong><span>, a Toronto based private equity group in 2022.</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>Ribbon</strong><span>, a Toronto based back office platform to register and manage small businesses </span><a href="https://substack.com/redirect/0b0d8305-eb34-41fa-a0e5-1b9c19b2122a?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">launched</a><span> features for tax filing / tracking & for employee reimbursements.</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>Sagard</strong><span>, a Montreal based alternative investment firm, </span><a href="https://substack.com/redirect/e1bb2d2b-4617-440b-a01d-7ea170a709f7?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">launched</a><span> a private fund for retail investors.</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>Sagard already has a b2b2c retail distribution partnership between its credit fund and </span><strong>Wealthsimple</strong><span>.</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>Brookfield</strong><span> and </span><strong>BlackRock</strong><span> have launched similar offerings recently.</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>Venturevest</strong><span>, an alternative investment marketplace for retail investors </span><a href="https://substack.com/redirect/463a9c0e-7def-4184-8915-caaa863e58d0?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">launched</a><span> in Montreal.</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>Transcard</strong><span>, a US b2b payments company has </span><a href="https://substack.com/redirect/5788b911-13ce-43ca-a62b-2a27478e9d77?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">expanded</a><span> into 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;"><strong>Finix</strong><span>, </span><strong>Transact365</strong><span> and </span><strong>Lithic</strong><span> have </span><a href="https://substack.com/redirect/191058dc-19e3-482f-8cb9-523dbea7a803?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">also</a><span> </span><a href="https://substack.com/redirect/ed506449-49e2-4002-8a23-646d95fca4f8?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">expanded</a><span> their payments businesses to Canada this year.</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: rgba(var(--color-bg-accent-themed-rgb), 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="color: rgb(54, 55, 55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><strong>BMO Capital Markets</strong><span> is </span><a href="https://substack.com/redirect/505cf918-86ee-4674-acda-e6eec7a307d5?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">paying</a><span> a USD $40m settlement over SEC allegations that it misled investors about the construction of its mortgage-backed securities from 2020 to 2023.</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>CCI</strong><span>, a trade group for Canadian tech companies </span><a href="https://substack.com/redirect/c80e91c6-84b4-48b9-b4aa-5a7669707396?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">launched</a><span> a think tank called </span><strong>Canadian Shield</strong><span>, to produce policy research on Canadian “economic nationalism” like national security, tax policy, and promoting homegrown innovation.</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>Like CCI, the group was founded by Jim Balsillie of </span><strong>BlackBerry</strong><span> fame.</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;"><span>TD’s CEO is </span><a href="https://substack.com/redirect/a992f25d-c24b-4c88-ac9c-75e55b475da6?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">stepping down</a><span> two months earlier than previously </span><a href="https://substack.com/redirect/2c36f0ba-5037-4e3c-b5a2-f70a48258742?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">announced</a><span>, following the bank’s guilty plea to a drug money laundering scandal thatresulted in a USD $3b fine.</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>Several board members are </span><a href="https://substack.com/redirect/ff581a92-049f-4bc8-a79e-d00a472a0baf?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" rel="" style="color: rgb(54, 55, 55);text-decoration: underline;">also</a><span> resigning.</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/dd1fd121-d6db-4d01-baf3-7b08013a5051?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/e1630c1d-4fef-4540-978e-98e0264e7b12?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 11,790 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/0f5899b5-a3c5-499b-9cc3-bae8628cb974?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="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_14k7g_1" 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/a4efa300-de9f-4d30-a2f0-bccc18a43679?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" style="color: rgb(54, 55, 55);text-decoration: underline;">Canadian Fintech</a>. For the full experience, <a href="https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9jYW5hZGlhbmZpbnRlY2guc3Vic3RhY2suY29tL3N1YnNjcmliZT91dG1fc291cmNlPXBvc3QmdXRtX2NhbXBhaWduPWVtYWlsLWNoZWNrb3V0Jm5leHQ9aHR0cHMlM0ElMkYlMkZjYW5hZGlhbmZpbnRlY2guc3Vic3RhY2suY29tJTJGcCUyRmNhbmFkaWFuLWZpbnRlY2gtZnVuZGluZy1mb3ItZmxvYXQmcj0zNm5mbDQmdG9rZW49ZXlKMWMyVnlYMmxrSWpveE9USTFOamsxTVRJc0ltbGhkQ0k2TVRjek56TTRNRE15TWl3aVpYaHdJam94TnpNNU9UY3lNekl5TENKcGMzTWlPaUp3ZFdJdE5qWXpNelV6SWl3aWMzVmlJam9pWTJobFkydHZkWFFpZlEudjQ5bW5KNl9lbHVPZldPOTIyQWJtUzhfbVBaY1Q1bV9SQVlJWXVhdTU0YyIsInAiOjE1NTI0NzUwOCwicyI6NjYzMzUzLCJmIjp0cnVlLCJ1IjoxOTI1Njk1MTIsImlhdCI6MTczNzM4MDMyMiwiZXhwIjoxNzM5OTcyMzIyLCJpc3MiOiJwdWItMCIsInN1YiI6ImxpbmstcmVkaXJlY3QifQ.AAfEobPFOjAikqIf3UrYEXmXVI9ipmak2TN6qzJ46y0?&utm_source=substack&utm_medium=email&utm_content=postcta" style="color: rgb(54, 55, 55);text-decoration: underline;">upgrade your subscription.</a></span></p><p class="cta-box" style="color: rgb(54, 55, 55);margin: 0 auto 20px;width: 90%;line-height: 26px;font-size: 16px;margin-bottom: 0;text-align: center;margin-left: auto;margin-right: auto;"><a class="button primary" role="button" href="https://substack.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.AAfEobPFOjAikqIf3UrYEXmXVI9ipmak2TN6qzJ46y0?&utm_source=substack&utm_medium=email&utm_content=postcta" style="font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';display: inline-block;box-sizing: border-box;cursor: pointer;border: none;height: 40px;border-radius: 8px;font-size: 14px;line-height: 20px;font-weight: 600;text-align: center;padding: 10px 20px;margin: 0;opacity: 1;outline: none;white-space: nowrap;color: #ffffff !important;text-decoration: none !important;background-color: #e85c57;">Upgrade to paid</a></p></div><table class="email-ufi-2-bottom" role="presentation" width="100%" border="0" cellspacing="0" cellpadding="0" style="border-top: 1px solid rgb(0, 0, 0, .1);border-bottom: 1px solid rgb(0, 0, 0, .1);min-width: 100%;"><tbody><tr height="16"><td height="16" style="font-size:0px;line-height:0;"> </td></tr><tr><td><table role="presentation" width="100%" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td><table role="presentation" width="auto" border="0" cellspacing="0" cellpadding="0" style="margin:0 auto;"><tbody><tr><td style="vertical-align:middle;"><table role="presentation" width="auto" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="center"><a class="email-button-outline" href="https://substack.com/app-link/post?publication_id=663353&post_id=155247508&utm_source=substack&isFreemail=true&submitLike=true&token=eyJ1c2VyX2lkIjoxOTI1Njk1MTIsInBvc3RfaWQiOjE1NTI0NzUwOCwicmVhY3Rpb24iOiLinaQiLCJpYXQiOjE3MzczODAzMjIsImV4cCI6MTczOTk3MjMyMiwiaXNzIjoicHViLTY2MzM1MyIsInN1YiI6InJlYWN0aW9uIn0.TBkvIfsgZ8diZIssQkxDVqoZEntjkHpJ6ZXXZNgtgsI&utm_medium=email&utm_campaign=email-reaction&r=36nfl4" style="font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';display: inline-block;font-weight: 500;border: 1px solid rgb(0, 0, 0, .1);border-radius: 9999px;text-transform: uppercase;font-size: 12px;line-height: 12px;padding: 9px 14px;text-decoration: none;color: rgb(119, 119, 119);"><img class="icon" src="https://substackcdn.com/image/fetch/w_36,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Ficon%2FLucideHeart%3Fv%3D4%26height%3D36%26fill%3Dnone%26stroke%3D%2523808080%26strokeWidth%3D2" width="18" height="18" style="margin-right: 8px;min-width: 18px;min-height: 18px;border: none;vertical-align: middle;max-width: 18px" alt=""><span class="email-button-text" style="vertical-align: middle;">Like</span></a></td></tr></tbody></table></td><td width="8" style="min-width: 8px"></td><td style="vertical-align:middle;"><table role="presentation" width="auto" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="center"><a class="email-button-outline" href="https://substack.com/app-link/post?publication_id=663353&post_id=155247508&utm_source=substack&utm_medium=email&isFreemail=true&comments=true&token=eyJ1c2VyX2lkIjoxOTI1Njk1MTIsInBvc3RfaWQiOjE1NTI0NzUwOCwiaWF0IjoxNzM3MzgwMzIyLCJleHAiOjE3Mzk5NzIzMjIsImlzcyI6InB1Yi02NjMzNTMiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.s-DLlr1fZiEnlnQPkQBJix2P9VpfVzerIdPrzyGLIpQ&r=36nfl4&utm_campaign=email-half-magic-comments&action=post-comment&utm_source=substack&utm_medium=email" style="font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';display: inline-block;font-weight: 500;border: 1px solid rgb(0, 0, 0, .1);border-radius: 9999px;text-transform: uppercase;font-size: 12px;line-height: 12px;padding: 9px 14px;text-decoration: none;color: rgb(119, 119, 119);"><img class="icon" src="https://substackcdn.com/image/fetch/w_36,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Ficon%2FLucideComments%3Fv%3D4%26height%3D36%26fill%3Dnone%26stroke%3D%2523808080%26strokeWidth%3D2" width="18" height="18" style="margin-right: 8px;min-width: 18px;min-height: 18px;border: none;vertical-align: middle;max-width: 18px" alt=""><span class="email-button-text" style="vertical-align: middle;">Comment</span></a></td></tr></tbody></table></td><td width="8" style="min-width: 8px"></td><td style="vertical-align:middle;"><table role="presentation" width="auto" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td align="center"><a class="email-button-outline" href="https://substack.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.hc2Rrmb8UhJR26v8W1B-l7oPPSHLKKzp2-1Id2Go_D0?&utm_source=substack&utm_medium=email" style="font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';display: inline-block;font-weight: 500;border: 1px solid rgb(0, 0, 0, .1);border-radius: 9999px;text-transform: uppercase;font-size: 12px;line-height: 12px;padding: 9px 14px;text-decoration: none;color: rgb(119, 119, 119);"><img class="icon" src="https://substackcdn.com/image/fetch/w_36,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Ficon%2FNoteForwardIcon%3Fv%3D4%26height%3D36%26fill%3Dnone%26stroke%3D%2523808080%26strokeWidth%3D2" width="18" height="18" style="margin-right: 8px;min-width: 18px;min-height: 18px;border: none;vertical-align: middle;max-width: 18px" alt=""><span class="email-button-text" style="vertical-align: middle;">Restack</span></a></td></tr></tbody></table></td></tr></tbody></table></td><td align="right"><table role="presentation" width="auto" border="0" cellspacing="0" cellpadding="0"><tbody><tr></tr></tbody></table></td></tr></tbody></table></td></tr><tr height="16"><td height="16" style="font-size:0px;line-height:0;"> </td></tr></tbody></table><div class="footer _footer_11ym1_1" style="color: rgb(119, 119, 119);text-align: center;font-size: 16px;line-height: 26px;padding: 24px 0;"><div style="font-size: 16px;line-height: 26px;padding-bottom: 24px"><p class="pencraft pc-reset _color-secondary_14k7g_169 _size-12_14k7g_35 _reset_14k7g_1 small _meta_11ym1_14" style="list-style: none;font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';padding-bottom: 0;font-size: 12px;line-height: 16px;margin: 0;color: rgb(119, 119, 119);text-decoration: unset;">© 2025 <span>Tal Schwartz</span><br>221 Clinton St. Toronto, Canada, M6G 2Y4 <br><a href="https://substack.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.-MElSoNtxpzBK4DTQjWgyTT3FeKXtgC5Cs-2WJvmBlc?" style="text-decoration: underline;color: rgb(119, 119, 119);"><span style="color: rgb(119, 119, 119);text-decoration: underline;">Unsubscribe</span></a></p></div><p class="_footerSection_11ym1_5 small powered-by-substack" style="padding: 0 24px;font-size: 12px;line-height: 20px;margin: 0;color: rgb(119, 119, 119);font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol';padding-bottom: 0;margin-top: 0;"><a href="https://substack.com/redirect/c2758d46-970b-4e97-a6a9-55e78d7938cf?j=eyJ1IjoiMzZuZmw0In0.4eiGI4rivRuKCtZpUgTEqhM2H3NJM6U8dLH7tXnICvU" style="color: rgb(119, 119, 119);text-decoration: none;display: inline-block;margin: 0 4px;"><img src="https://substackcdn.com/image/fetch/w_262,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Fimg%2Femail%2Fgeneric-app-button%402x.png" srcset="https://substackcdn.com/image/fetch/w_131,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Fimg%2Femail%2Fgeneric-app-button.png, https://substackcdn.com/image/fetch/w_262,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Fimg%2Femail%2Fgeneric-app-button%402x.png 2x, https://substackcdn.com/image/fetch/w_393,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Fimg%2Femail%2Fgeneric-app-button%403x.png 3x" width="131" alt="Get the app" height="40" style="max-width: 550px;border: none !important;vertical-align: middle;"></a><a href="https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9zdWJzdGFjay5jb20vc2lnbnVwP3V0bV9zb3VyY2U9c3Vic3RhY2smdXRtX21lZGl1bT1lbWFpbCZ1dG1fY29udGVudD1mb290ZXImdXRtX2NhbXBhaWduPWF1dG9maWxsZWQtZm9vdGVyJmZyZWVTaWdudXBFbWFpbD0wNzRkbDVrdWZmdjMwNG91QG5ld3NsZXR0ZXIucm9kZW8mcj0zNm5mbDQiLCJwIjoxNTUyNDc1MDgsInMiOjY2MzM1MywiZiI6dHJ1ZSwidSI6MTkyNTY5NTEyLCJpYXQiOjE3MzczODAzMjIsImV4cCI6MTczOTk3MjMyMiwiaXNzIjoicHViLTAiLCJzdWIiOiJsaW5rLXJlZGlyZWN0In0.zMMrdoZ9Bhwt9EdYgVd5At1BZUBLvR7iybWRlOeSsJc?" style="color: rgb(119, 119, 119);text-decoration: none;display: inline-block;margin: 0 4px;"><img src="https://substackcdn.com/image/fetch/w_270,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Fimg%2Femail%2Fpublish-button%402x.png" srcset="https://substackcdn.com/image/fetch/w_135,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Fimg%2Femail%2Fpublish-button.png, https://substackcdn.com/image/fetch/w_270,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Fimg%2Femail%2Fpublish-button%402x.png 2x, https://substackcdn.com/image/fetch/w_405,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Fimg%2Femail%2Fpublish-button%403x.png 3x" width="135" alt="Start writing" height="40" style="max-width: 550px;border: none !important;vertical-align: middle;"></a></p></div></div></td><td></td></tr></tbody></table><img src="https://eotrx.substackcdn.com/open?token=eyJtIjoiPDIwMjUwMTIwMTMzODMxLjMuZGY3ZGI3M2IxOGExZWUwN0BtZy1kMC5zdWJzdGFjay5jb20-IiwidSI6MTkyNTY5NTEyLCJyIjoiMDc0ZGw1a3VmZnYzMDRvdUBuZXdzbGV0dGVyLnJvZGVvIiwiZCI6Im1nLWQwLnN1YnN0YWNrLmNvbSIsInAiOjE1NTI0NzUwOCwidCI6Im5ld3NsZXR0ZXIiLCJhIjoiZXZlcnlvbmUiLCJzIjo2NjMzNTMsImMiOiJwb3N0IiwiZiI6dHJ1ZSwicG9zaXRpb24iOiJib3R0b20iLCJpYXQiOjE3MzczODAzMjMsImV4cCI6MTczOTk3MjMyMywiaXNzIjoicHViLTAiLCJzdWIiOiJlbyJ9.k6MhT7MddDyQyZyEFe7W0hQJ-Oxx5-pxegQj5-p9_Gw" alt="" width="1" height="1" border="0" style="height:1px !important;width:1px !important;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;"/><img width="1" height="1" alt="" src="https://email.mg-d0.substack.com/o/eJxEkEuu4yAQRVfzmLVVUGCcAWuxCignKDZEfNLy7lv5qN_0XOno6AbqfC31dI_SuohuRtpMFOykRYsLIGrBB6V9vXLmSp3jSv3_qhCMFjdnZkAbFmnYkGSQZOWygJ6ZYLY-RJGcAmVAKpCIC8oJp7jZ6C16uZBkBvuj4bj-iTC14VuncJ9COURq61b5neB6HSxeoSuNmDgHdvzkepb8xSk6aYzS1sDyIf18sMv8t-3cO1fxGH4N5ThGTv1cOZPfOX7Fw-8pUE8lv0TzjGhQVAdWx93cx7Y9EXQZPxp-hVMtkYtow8dyUMouUKaYKG8pdw430T_Pjsb1nXdRZr4YqcTTqX8BAAD__0QOfiQ"></body></html>