Zvib African FinTech Wave Wraps up $200M Series A Funding Round
Online car shopping platform Canada Drives has raised $40 million Canadian dollars about $31 million in equity funding from non-prime consumer lender goeasy, according to a Monday June 27 press release. As part of the funding deal, Canada Drives and goeasy will partner to offer online automotive financing.The fresh capital will be used by Canada Drives to expand its operations into new markets and boost its digital platform, the release stated. The company operates in British Columbia, Alberta and Ontario, and it expanded into Saskatchewan in May, when it also launched the fully-automated Sell My Car feature.See also: Digital Payments Pave Way for Smoother Car Shipments The new capital, alongside the strategic partnership, will enable us to grow our available inventory, enhance our market-leading service, and continue to expand across the country, said Canada Drives Founder and Co-CEO Cody Green in the release.Part of the new capital will go toward doubling the number of certified used vehicles available in existing markets and expanding the team to support the companys growth, according to the release.Canada Drives has grown sales 580% over the past year, and it raised $100 million Canadian dollars about $77.7 million last year, the release stated.In April, Volvo Cars took a
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Quisk, Silicon Valley provider of a secure digitized cash payment network for banks and financial institutions, announced Monday June 5 that it will begin incorporating blockchain technology into its platform.In a press release, Quisk said it will store all transaction ledgers on a Quisk blockchain distributed ledger accessible by its banking customers. The banks will be able to access transaction details from their back-end operations, including merchant settlement and core banking reconciliation.聽 Praveen Amancherla, Quisks chief technology officer, says the addition of blockchain distributed ledgers will enhance Quisks data integrity. We are excited to be leveraging the tremendous power of blockchain technology to propagate trust among our customer banks. This technology eliminates barriers, giving banks the ability to easily and securely access their transaction data, he said in the press release. With this addition, Qu
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stanley cup nsaction data becomes even more accessible to our customers. From here on, blockchain will drive the Quisk Data APIs for our bank customers, supplementing Quisks Payment Services APIs. Quisk believes that聽blockchain is the next Internet for the financial industry, and the tools to retrieve data from blockchain will soon be as ubiquitous as web browsers. According to the release, the banks that signs
kubki stanley on to Quisk Blockchain can use their existing customer touchpoints to accept or distribute money; or alternatively, they can use Quisks customer tou
