Fintech, New Investment of Portag3

Portag3 Ventures had invested in fintech startup companies around the world. The Canadian venture capital (VC) company has closed the second fund for investment with about $320 million.

In a report on December 30, TechCrunch stated that the VC firm got final commitments from institutional and strategic investors. They amounted up to $320 million. Aside from that, the funds will let the company make early-stage investments in promising fintech startups globally. And this has a specific focus on places such as Canada, the United States, Europe, and selected markets in the Asia-Pacific region.

Adam Felesky, CEO of Portag3 Ventures, stated, ” Canada has the talent, the expertise, and one of the biggest markets in the world directly to our south.”

According to the CEO, they are still gathering more success stories. So to understand what it takes to succeed worldwide, “you need to invest and work with the best of the best from around the world.”

In addition to that, a lot of early fintech unicorns are in Europe on the back of substantive, “helpful policy changes.”

Felesky also explained that Canada must learn from the examples so they could get the perfect ingredients for establishing a leading, vibrant ecosystem. He assured that they slowly achieve these plans.

Bitcoin Price

Meanwhile, on December 3, a lot of cryptocurrencies further trade sideways. Including Bitcoin (BTC), which failed to trade at higher levels in the past few days. The world’s largest crypto coin began the day at $7,344. After that, it found an intra-day low of $7,230 before moving up again to the exact same trading price at $7,340.

Benjamin Pirus, a contributor in Cointelegraph, noted that BTC has a corrective bounce up to $7,875 the previous week. But after that, Bitcoin was unable to shrug its broader downtrend. Rather, it went back down to the $7,300 trading region.