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Toronto's Plooto Wants to Take the Pain Out of Payments

Despite the innovations in the consumer-oriented payments, many small businesses still rely on cheques for their business-to-business payments.

And according to a recent study by Scotiabank, managing payables and receivables cost businesses on average $15 to $25 per payment when considering account and processing fees, wire or postage costs, account administration and reconciliation time.

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On Taking a Canadian Startup Public Today

Since the start of 2013, technology and innovation has been the fastest growing sector on the TSX and TSXV. Since the beginning of last year, over 65 tech companies have gone public on the exchanges, with nine moving from the earlier-stage-oriented TSXV to the more senior and stringent TSX. Tech companies listed on these exchanges have collectively raised over $15 billion in equity capital in that time.

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