Tagged: canada

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


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

Canada Flag

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


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

Canada Flag

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


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

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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


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