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Loop

Loop, Wave Launch Direct API

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Toronto fintech Loop has partnered with accounting platform Wave to launch a direct API integration connecting business banking data with accounting records. The integration enables Loop customers to automatically sync transactions into Wave, eliminating the need for unreliable screen-scraping connections commonly used by Canadian small businesses.

Loop says it is the first Canadian business banking provider to offer a native API connection with Wave. The system supports multi-currency accounts and transactions in USD, EUR, and GBP, while enabling real-time reconciliation inside Wave’s accounting software. The integration is now available to Canadian businesses using both platforms.

Want to know more? Check out the source code on Fintech.ca.

Loop Raises $6.4M to Expand International Finance Platform

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Toronto-based fintech Loop has announced a $6.4 million funding round, raising its total to over $10 million. Founded in 2015 as a financing provider, Loop pivoted in 2022 to simplify international finance for small- and medium-sized businesses (SMBs). Loop’s platform addresses cross-border payments, currency exchange, and treasury management, areas where SMBs are often underserved by traditional banks.

The funding, led by Luge Capital and other venture partners, will fuel Loop’s international expansion and product development. CEO Cato Pastoll emphasized the company’s mission to help businesses grow globally by reducing financial barriers.

Want to know more? Check out the source code on Fintech.ca.