Tagged: canada

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

Graava-Snowboard-600x400

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

White Label Crowdfunding 101: Part I – Pros & Cons

Crowdfunding 101 Start a Platform White Label

So you want to start a Crowdfunding Portal…. Crowdfunding and Fintech in general are demonstrating dramatic growth due to many factors including the growth of the sharing economy, technology innovations and the liberalization of securities regulations in the US and Canada. A sure indicator of… Read More

Canadian Comedian Mike Ward Launches GoFundMe Campaign During Legal Battle Against Singer Jérémy Gabriel

Mike Ward

On Tuesday, comedian Mike Ward launched a crowdfunding campaign on GoFundMe to raise $93,000 as he prepares to continue his legal battle against child singer, Jérémy Gabriel.  The Human Rights Tribunal reportedly declared last week that Ward must pay $35,000 to Gabriel for making jokes about his disabilities (he… Read More

Alberta Securities Commission Looks to Increase Crowdfunding Limits, Adds Micro Exemption

Canada Flag

The Alberta Securities Commission (ASC) in Canada has published two initiatives designed to facilitate capital-raising for SMEs. First, the ASC has adopted ASC Rule 45-517 Prospectus Exemption for Start-up Businesses (ASC Rule 45-517). Immediately available, the new rule provides a prospectus exemption for small Alberta companies… Read More

SeedUps Canada First Funded Company Partners with NewLeaf Airline

Airplane

Jump On Flyways has inked a partnership with NewLeaf, a Canadian discount airline, a nice validation of their business. Jump On Flyways was the first offer funded on SeedUps Canada several years back. Jump On Flyways will provide technology to allow potential airline passengers to… Read More

Brief: Royal Bank of Canada Sets Up Fintech Innovation Lab in Silicon Valley

Gabriel Woo

Like many other large banks, Royal Bank of Canada is now syncing with rising Silicon Valley fintech talent to better position itself with the ever dynamic fintech sector, RBC Vice President of Innovation Gabriel Woo shared with Reuters,  and launched an Innovation Lab in Silicon Valley. The bank has opened similar… Read More

Kickstarter’s Team Unveils Their Current Favorite Canadian Crowdfunding Campaigns

Canada Flag

Nearly three years after launching its crowdfunding platform in the country of Canada, Kickstarter unveiled its current favorite Canadian projects. In September of 2013, the funding portal revealed its excitement of the Canadian launch by declaring: “We’re thrilled that Kickstarter is now available to creators in Canada…. Read More

KoreConX Teams Up With Trulioo to Reduce Equity Crowdfunding Money Laundering & Fraud

Oscar A. Jofre

KoreConX, a free all-in-one solution that is disrupting the market by helping companies navigate the equity crowdfunding process and reduce risk, announced on Tuesday that it has teamed up with Canadian ID verification company, Trulioo, to help reduce money laundering and fraud on equity crowdfunding platforms…. Read More

OnDeck Expands Lending Options for Small Businesses in Canada By Introducing New Line of Credit & Loan Terms

Canada Money

On Tuesday, Online lender to SMEs, OnDeck (NYSE:ONDK) announced it was expanding lending Canada’s small businesses by including a line of credit up to CAD$50,000 and loan term up to CAD$250,000 to help meet the growing needs of the country’s 1.1 million small businesses. In… Read More

Brief: KoreConX Helps Canadian Equity & Debt Crowdfunding Platforms Accept Investment by Credit Card

Credit Cards

KoreConX, a free all-in-one solution that is disrupting the market by helping companies navigate the equity crowdfunding process and reduce risk, announced on Thursday that it is helping various Canadian equity and debt crowdfunding platforms accept new investments by credit card. The company revealed that Canada is… Read More

Creator of Kickstarter Success Peachy Printer Admits Fraud; Reveals Employee Stole Funds to Build Home

Peachy Printer

This week, creator of Kickstarter alum Peachy Printer announced an employee has been accused of using the funds from the initiative to build his house in Canada. The printer, which was developed by Canadian startup Rinnovated Design,  translates 3D designs into audio waveform and uses a computer’s auxiliary headphone… Read More

Brief: GoFundMe Announces Over $300,000 Raised to Help Victims of Fire in Fort McMurray

Fort McMurray

On Monday, crowdfunding platform GoFundMe announced its community has raised over $300,000 for the Fort McMurray fire victims. The fire, which started on May 1st, began in Alberta and has destroy homes and businesses leaving 88,000 people displaced. Rob Solomon, GoFundMe CEO, stated: “This fire… Read More

WWE Stars Kevin Owens & Tyler Breeze Launch GoFundMe Initiative to Help Alberta Fire Victims

Kevin Owens Tyler Breeze

Seeking to help their Fort McMurray, Alberta fans in need, WWE stars Kevin Owens and Tyler Breeze hit crowdfunding portal GoFundMe to raise funds for the victims of the devastating fires. The fires, which resulted in what’s considered the largest evacuation of residents in Alberta’s history,… Read More

Radisson Mining Closes Crowdfunding Round on Klondike Strike

Red Cloud Klondike Strike Dump Truck

Radisson Mining Resources, a Quebec-based mineral exploration company, has closed the first tranche of a crowdfunding round on mining centric Red Cloud Klondike Strike. The gross proceeds were said to be just over $400,000. The net proceeds of the offering will be used for exploration and… Read More

Crowdfunding Mailbox: TrapTap Saves You From Speeding Tickets, Artbrew Home Craft Brewery & Woodies, the Perfect Chino

Mailbox Featured 4.24.16

  I have been known to receive a speeding ticket or two in my many years of driving. I used to always have a radar detector in my car that was quickly stashed under a seat when driving in a region where they were illegal…. Read More

Founders du Haÿs and de Nanclas Comment on Montreal’s Mobeewave New P2P Payment AppPayMeTap

mobeewave

Montreal-based FinTech company Mobeewave has launched its mobile P2P payment application PayMeTap to people across Canada. This free application allows users to securely accept a payment by tapping their phone with a credit card. Available for Android in the Google Play Store, PayMeTap aims to enable… Read More

Smart Parka Becomes Most Funded Canadian Project on Kickstarter By Securing Over $3.2M CAD

Smart Parka Camo

On Friday, Canada-based startup North Aware closed its widely popular crowdfunding campaign for its jacket, Smart Parka. It secured a total of $3,257,695CAD from 8,805 backers and became the most funded Canadian initiative on the crowdfunding platform.  There are 4 different styles of the parka for the ladies and… Read More