The advertisement is not yet loaded, but you can continue reading the article below.Share this Story: This Week In Finance: Binance gone, Paper cashes in for tutoring and other big dealsThis Week in Finance: Say Goodbye to Binance, Paper Cashes In on Tutoring and Other Big Deals Photo by Reuters/Brendan McDermidArticle content CRYPTO Binance leaves amid increased regulatory scrutiny. We are sorry, this video has not loaded.Tap here to view other videos by our team. Refresh your browser or This Week In Finance: Binance is gone, Paper pays tutoring fees, and other big deals. Return to videoContinue the Advertisement Story below. Your article is below, but this advertisement hasn't loaded yet.Article content Binance, the largest cryptocurrency exchange in the world by volume, informed Canadian regulators that it will be pulling out of Ontario following a crackdown on the company. The company released a statement late last week, stating that Canada's most populous province would be a restricted jurisdiction after an investigation by the Ontario Securities Commission. Users were also urged to close their positions by December 31st, according to the company. The U.K. closed Binance's doors to users on Saturday as the Financial Conduct Authority in Britain declared that Binance is not allowed to trade digital tokens in the UK without publishing necessary investor paperwork.Continue the Advertisement Story below. Your article is below, but this advertisement is not yet loaded.Article content Binance is not the only one in this crypto crackdown. The OSC also issued noncompliance accusations against Asia-based Bybit Fintech. They claimed that it operated a unregistered cryptocurrency trading platform in the province. After the OSC in March warned that crypto platforms must inform the regulator by April 19, they were also issued notices to San Francisco's Poloniex and KuCoin exchanges, both located in Seychelles. Canada has been balancing the need to encourage fintech innovation with a slow approach to open banking, while protecting consumers from fraud and privacy threats that are increasing as Canadians increasingly rely upon digital platforms.Continue the Advertisement Story below. Your article is below, but this advertisement hasn't loaded yet.Article content Stephanie Hughes TECHNOLOGY Paper Money: A Montreal-based ed-tech company has raised US$100million. This is its third round of funding in as many months. Institutional Venture Partners (IVP) in Silicon Valley led the round. It will help the company scale its educational support software for elementary school and secondary students. Paper offers 24/7 tutoring via instant messaging to one million students. The startup's services grew rapidly as COVID-19 shut down classrooms and required teachers and students to take lessons online. In a statement, Tom Loverro, general partner at IVP, stated that he has witnessed firsthand the inequalities in the public education system over the past year. For many children who are academically behind, the stakes have never been greater. It is devastating for children, parents, communities, and the future of our nation.Continue the Advertisement Story below. Your article is below, but this advertisement hasn't loaded yet.Article content Paper contracts its services for school districts at a fixed cost. Students have access to multilingual tutors on-demand, while teachers receive virtual assistants to track their progress. Philip Cutler, chief executive officer of Paper, stated that tutoring is no longer a privilege for the elite. This makes tutoring more accessible to all students. Loverro will join Papers' board of directors as part of the agreement. Existing investors Framework Venture Partners and Bullpen Capital, Reach Capital. Birchmere Ventures. Salesforce Ventures. BDC Capital. ETW. DEALS Follow the money: This roundup includes the top deals, financings, and M&A headlines for the week.Continue the Advertisement Story below. Your article is below, but this advertisement hasn't loaded yet.Article content Vancouver's Visier Inc. joined the ranks of Canada's unicorns after raising US$125 million. This raise will help the startup get closer to its goal of going public. This latest Canadian startup is part of a growing list of Canadian startups to have reached a valuation exceeding US$1billion. It joins the likes Clio, Thinkific Wealthsimple, Trulioo and Wealthsimple who have all achieved this coveted title within the last year. Clearco, a Toronto-based company, launched a US$50m fund to support celebrity-backed startups. The fund was launched in partnership with Caravan, an entertainment and sports agency Creative Artists Agency. Didi Global Inc., a Beijing-based ride-hailing service, raised US$4.4 billion during its public debut. Its price was at the top end of its range. It sold 317,000,000 shares at $14 per share, which is more than the 288 million planned.Continue the Advertisement Story below. Your article is below, but this advertisement hasn't loaded yet.Continue the Advertisement Story below. Your article is below, but this advertisement hasn't loaded yet.This article can be shared in your social networksContinue the Advertisement Story below. Your article is below, but this advertisement is not yet loaded.The Logic: In-depth reporting from The Logic on the innovation economy, presented in partnership by the Financial Post.Financial Post Top Stories Subscribe to the Financial Post, a division from Postmedia Network Inc. Email address An error occurred. Please provide a valid email. 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