Tagged: canada

February 24, 2021 @ 9:46 pm By Omar Faridi  |  

Pulse of Fintech H2’20, a bi-annual report on international Fintech investment developments released by KPMG, notes that global Fintech funding across mergers-and-acquisitions (M&A), private equity (PE) and venture capital (VC) stood at $105 billion across 2,861 different deals in 2020. This was reportedly the third-highest… Read More

February 24, 2021 @ 1:54 pm By Samantha Hurst  |  

Flybits, a Canada-based digital experience platform for financial services, recently announced the launch of its privacy-first guided opt-in experience.  Flybits reported that the experience was designed with the consumer in mind and aims to create valuable digital experiences by allowing individuals to control their personal… Read More

February 22, 2021 @ 7:24 pm By Omar Faridi  |  

Ubitquity LLC, an enterprise-grade blockchain-enabled platform for real estate and title recordkeeping, is teaming up with LavaTrust Consultancy in order to gain key insights into the US real estate closing sector. Headquartered in Vancouver, BC, Canada, LavaTrust Consultancy aims to bring its industry expertise and… Read More

February 20, 2021 @ 11:21 am By Omar Faridi  |  

Zac Prince, CEO and Co-founder at BlockFi, a fast-growing digital assets platform, notes that with just two weeks in, the company’s Bitcoin trust is just ”a pinch” under the $100 million mark (in total BTC holdings). 2 weeks in, BlockFi’s Bitcoin trust is just a… Read More

February 19, 2021 @ 8:38 am By Omar Faridi  |  

As digital assets investing continues to become more widely adopted by institutional clients, Canada is introducing its second cryptocurrency exchange-traded-fund (ETF). The Ontario Securities Commission (OSC) has reportedly approved the second Bitcoin ETF from Evolve Funds, which has come only a few days after the… Read More

February 19, 2021 @ 7:52 am By Samantha Hurst  |  

  Canadian banking group Scotiabank announced earlier this week the launch ofC.MEE, which is described as a new technology that uses big data and artificial intelligence (AI) to enable even better customer experiences (CX) with the bank’s platform.  According to Scotiabank, C.MEE uses the banking… Read More

February 18, 2021 @ 2:48 pm By Samantha Hurst  |  

      Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) a Canada-based digital payments and financial technology company, announced on Thursday its wholly owned subsidiary, Carta Worldwide, a modern card issuing platform, is expanding into the U.S. As previously reported, Carta is described as a modern open-API issuer platform… Read More

February 16, 2021 @ 10:00 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W), which is the owner of Netcoins (Netcoins.ca), the online digital currency brokerage that makes it convenient for Canadians to purchase, sell, and learn about cryptos, and the owner of Blockchain Intelligence Group (BIG), a developer… Read More

February 15, 2021 @ 7:22 pm By Omar Faridi  |  

Researchers at Bloqport have confirmed that publicly-traded firms and fund managers now hold approximately $60 billion worth of Bitcoin (BTC), which is around 6% of the digital asset’s circulating supply. Publicly-traded companies and fund managers now hold around $60 billion worth of #Bitcoin, roughly 6%… Read More

February 15, 2021 @ 11:08 am By Omar Faridi  |  

Dapper Labs, which is the company behind highly-popular digital collectibles like NBA Top Shots and CryptoKitties, has finalized an initial tranche of bridge financing. Dapper Labs confirmed that it plans to secure as much as $50 million in capital. Last year,  Dapper Labs had acquired… Read More

February 14, 2021 @ 10:33 am By JD Alois  |  

Last month, the Capital Markets Modernization Taskforce in Ontario, Canada, issued its final report as to how to improve capital formation and affiliated economic growth and prosperity. The Taskforce’s goal was to “address the issues of tomorrow’s capital markets with bold and innovative recommendations that… Read More

February 9, 2021 @ 12:24 pm By Samantha Hurst  |  

    XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Tuesday its plan to launch a direct deposit program to all of its Today cardholders. According to XTM, the Today program has been adopted and rolled out to thousands… Read More

February 4, 2021 @ 9:33 am By Samantha Hurst  |  

  Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) a Canada-based digital payments and financial technology company, announced on Thursday its wholly-owned subsidiary, Carta Worldwide, has expanded into Japan in support of the TransferWise launch of its multi-currency debit card in the country. According to Mogo, Carta’s modern open-API issuer… Read More

February 1, 2021 @ 10:09 am By Samantha Hurst  |  

U.S. tech platform CURO Group Holdings Corp. (NYSE: CURO) announced on Monday it is set to acquire Canada-based point-of-sale financing and payment tech provider Flexiti. CURO reported that under the terms of the agreement, it will acquire Flexiti for cash at closing of $85 million. The… Read More

January 31, 2021 @ 9:14 pm By Samantha Hurst  |  

    Foxquilt, a Canada-based insurtech startup, recently announced it has formed a new partnership with Digital Partners, a Munich Re company. Foxquilt reported that through the collaboration it will operate as a full-service insurance provider and co-creator of new, end-to-end insurance products and programs… Read More

January 31, 2021 @ 8:38 pm By Omar Faridi  |  

A survey performed by UK-based TransferWise, a leading online money transfer service, has provided insights on how the Coronavirus crisis has impacted consumer behavior, particularly how remittance payments are handled by individuals residing in Malaysia. The survey revealed that approximately 50% of people in Malaysia… Read More

January 27, 2021 @ 7:49 am By Samantha Hurst  |  

    Canadian marketplace lending platform LendingArch announced on Wednesday it has further expanded into the U.S. by expanding its Consumer Debt Division Nationwide throughout all 50 states. According to LendingArch, the LendingArch Consumer Debt Division is focused on helping Americans lower or eliminate their… Read More

January 21, 2021 @ 9:28 am By Samantha Hurst  |  

Paystone, a payments and integrated software company, announces it secured $69 million in strategic financing from the Canadian Business Growth Fund (CBGF) and the National Bank of Canada. Founded in 2009, Paystone claims to be a leading payment and software company redefining the way merchants… Read More

January 14, 2021 @ 10:22 pm By Samantha Hurst  |  

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Thursday ended 2020 with more than 1.1 million members, placing it among the largest fintech companies in Canada by total members. Founded in 2003, Mogo describes itself as a digital challenger to the banks in Canada,… Read More

January 14, 2021 @ 4:10 pm By Samantha Hurst  |  

  Toronto-Dominion Bank (TD Bank) announced on Thursday it has signed a definitive agreement to acquire Wells Fargo’s Canadian Direct Equipment Finance business. TD reported that the acquisition of Wells Fargo’s Canadian Direct Equipment Finance business is expected to add scale and capabilities to its… Read More