Tagged: canada

Mass Fidelity’s Success on Indiegogo Continues: Secures Nearly $170,000 For raD Wireless Multi-Room Speaker

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With nearly two weeks until its latest crowdfunding campaign on Indiegogo comes to an end, Canadian audio technology company Mass Fidelity has raised nearly $170,000 for its new raD Wireless Multi-Room Speaker. Originally seeking $50,000, the company quickly secured $100,000 for the project. As previously reported, the raD, which… Read More

Brief: Canada’s Flexiti Financial Secures $5M During Series A Funding Round

Canada Money

Flexiti Financial, a Canada-based provider of point-of-sale (POS) financing and payment technology for retailers announced last week it raised $5 million during a Series A funding round, which reportedly included follow-on funding by Globalive Capital. Peter Kalen, founder and CEO of Flexiti Financial, stated: “Flexiti Financial’s mission is… Read More

Katipult is Named Canada’s Most Innovative Fintech Company

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Katipult, cloud-based software infrastructure that allows firms to design, setup, and manage an Investment Crowdfunding, Peer 2 Peer Lending, or Investor Management platform has been recognized as Canada’s most innovative fintech company.  In a blog post Katipult explained their mission; “Private capital markets are plagued with… Read More

Lending Club Receives $1.3 Billion Commitment from National Bank of Canada

Scott Sanborn

Lending Club (NYSE:LC) has announced a significant partnership with the National Bank of Canada and its US subsidiary Credigy.  The agreement calls for Credigy, a firm that specializeds in consumer finance investment,  to invest up to $1.3 billion over the next 12 months. Scott Sanborn,… Read More

Ontario Securities Commission Creates Fintech Advisory Committee

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The Ontario Securities Commission (OSC) is joining a growing roster of global securities regulators to acknowledge the shifting environment of finance and the need to better understand Fintech innovation. The OSC is now seeking applications for a Fintech Advisory Commmittee (FAC) that will advise staff… Read More

Albert Securities Commission Adopts Crowdfunding Rule

Alberta Securities Commission

The Alberta Securities Commission (ASC) has adopted Multilateral Instrument 45-108 Crowdfunding (MI 45-108). The new rule is actionable immediately and introduces a crowdfunding prospectus exemption for issuers as well as a registration framework for funding portals. The ASC Stated the implementation of MI 45-108 follows… Read More

NCFA Canada Announces Dragon’s Den Golden Ticket Winners

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The National Crowdfunding Association of Canada (NCFA Canada) recently held its annual event in Vancouver. VanFUNDING 2016 incorporated a “pitching showcase” and the winning companies were: ChatterHigh, Glance, My Green Space and Starling Minds. VanFUNDING was created to be all about boosting online and alternative… Read More

Lending Loop Officially Opens After Completing Registration With OSC & Other Securities Regulators

Cato Pastoll

Earlier this week, Canadian peer-to-peer lending portal, Lending Loop, officially launched after completing its registration with the Ontario Securities Commission (OSC) and other securities regulators. Lending Loop was created by co-founders Cato Pastoll and Brandon Vlaar. Last year, the platform received a strategic investment from… Read More

Brief: Toronto Fintech Startup nanoPay Secures $10M During Series A Funding Round

Canada Money

nanoPay, an early-stage fintech company based in Toronto that provides a secure, real-time payments platform, announced on Wednesday it has secured $10 million during a Series A funding round. Participants in the round reportedly included The Merchant Banking Division of Goldman Sachs, APAGM Services LLC… Read More

Dream Payments Named Winner of Global Fintech Challenge VentureClash

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On Tuesday, Toronto’s cloud-based mobile payment platform Dream Payments announced it was named the winner of the global investment challenge for fintech and digital health companies, VentureClash. The event was held on October 20th at Yale University. The company stated it was among almost 200 contenders… Read More

Katipult Launches Peer to Peer Lending Software for UK Market

Brock Murray

Katipult has launched new software designed to power UK peer to peer lending platforms. Katipult has partnered with payment platform Mangopay in their European push.  Katipult, based in Canada, is a white label software provider that facilitates investment crowdfunding / P2P lending in over 20… Read More

Brief: Canada’s Thinking Capital Launches Artificial Intelligent Fintech Chatbot

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On Tuesday, Canadian online lender for small businesses Thinking Capital announced the launch of its new artificial intelligent fintech chatbot, “Lucy.”  This new feature will enable business owners to instantly engage with Thinking Capital 24/7, starting on Facebook Messenger. Thinking Capital reported that Lucy would be able… Read More

#VanFunding 2016 – Vancouver

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Fintech – Crowdfunding VanFUNDING 2016 IS BACK FOR ITS 2ND YEAR! Accelerate access to capital and emerging fintech markets. Join leading crowdfunding, fintech and alternative finance industry experts, investors and innovators for a full day of education, pitching and networking opportunities! FULL DAY EDUCATION +… Read More

NCFA to Host Over 50 Fintech & Crowdfunding Leaders in Vancouver

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The National Crowdfunding Association of Canada (NCFA) will be hosting its 2nd annual Fintech and crowdfunding conference next week and this year the show is in Vancouver and has been labeled VanFUNDING 2016. The NCFA has included multiple enterprise conference partners this year including PayPal… Read More

Canadian Fintech Startup FundThrough Secures $24.3M During Second Financing Round

Gold Maple Dollar Money Canada

FundThrough, a Canada-based invoice funding platform for small and growing businesses, announced on Tuesday it has raised $24.3 million during its second financing round, which was led by ScaleUP Ventures and included participation from Hedgewood, Klister Credit Corp., and OnWave Ventures. The company stated that… Read More

National Crowdfunding Association of Canada Criticizes Integrated Crowdfunding Exemption in Letter to Alberta Securities Commission

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The National Crowdfunding Association of Canada (NCFA), has criticized Canada’s regulatory approach to crowdfunding in a public letter sent to the Alberta Securities Commission and Superintendent of Securities, Nunavut.  While the letter is addressed to the two entities it can be viewed as a proxy… Read More

SeedUps Canada Changes Direction. Leave’s the Crowd Behind For Now

Canada Flag

  Last week Crowdfund Insider interviewed Sandi Gilbert, CEO and co-founder of SeedUps Canada, on the convoluted regulatory environment established in Canada. The article was in part a follow-up to an earlier article that described the rule-making approach in Canada as Dead in the Water…. Read More

Western Canada’s RED Mountain Resort Set to “Test the Waters” on StartEngine

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RED Mountain Resort, one of the Western Canada’s oldest resorts, announced it was launching its very own “Testing the Waters” (TTW) campaign on equity crowdfunding platform StartEngine this Tuesday (August 23rd).  Sharing details about the resort RED CEO, Howard Katkov, stated: “RED started as a ski club… Read More

SeedUps CEO Sandi Gilbert on Canada Crowdfunding Regulations: “It’s a Mess”

Canada Sign Post Provinces Cottage Life

  A few weeks back Crowdfund Insider published an article on the regulatory environment in Canada that labeled new crowdfunding securities exemptions as “Dead in the Water“.  In brief, regulators in multiple provinces have enacted rules that were ostensibly created to foster entrepreneurship and access… Read More

Canadian Online Lender Lendified Receives $20M Credit Facility to Support Small Business Lending Activities

Canada Money

Lendified Holdings, Inc. (Lendified), a Canadian-based lending technology company, announced on Tuesday it received a $20 million credit facility from Liquid Capital Corporation to support the growth of its Canadian small business lending activities.  The online lender, which launched in early 2015, currently provides small businesses… Read More