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- A new micropayment platform called Qoins has just closed a first round of funding for $1 million. The app allows users to pay off debt by rounding up purchases to the nearest dollar and sending the excess to the creditor, with a focus on credit card and student debt. Qoins charges a convenience fee of $1.99 per payment.
- Mozilla, developer of the Firefox browser, this week presented a petition with 25,000 signatures to PayPal Holdings Inc.’s Venmo operation urging the person-to-person payments service with a social-networking aspect to make Venmo transactions private by default.
- Ottawa-based online processor Shopify Inc. will invest as much as $380 million (C$500 million) in a 254,000-square-foot facility at the Well, one of Toronto’s biggest office developments, Bloomberg reported. Shopify already has about 700 workers in Toronto and has boosted its workforce in Canada by about 50% in the past year to 3,000-plus employees.
- Health-care billing specialist RevSpring Inc. named Steve Towle president and chief operating officer. Towle previously was at Boston Financial Data Systems as CEO and chairman, and in similar positions at DST Systems and investment firm Scudder, Stevens and Clark.
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