Canada

Canadian Fintech Neo Financial Achieves Unicorn Status

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Neo Financial is pleased to confirm that they recently secured $185 million in new funding “to continue building better, more modern financial services for all Canadians.” According to Neo Financial, this is “a historic milestone for [them,] as [they] are now one of only a… Read More

Accelerated Payments Looks to Boost North American Market Appointing New Executive

Steven Conrad

Accelerated Payments, an invoice financing and SME credit platform, has appointed Steven Conrad as Vice President of Business Development for North America as the Fintech looks to boost its lending activity on the continent. Conrad will be based in Toronto. Accelerated Payments noted that the… Read More

Cion Digital Aims to Enable Purchasers to Buy Cars with Crypto in Canada

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Cion Digital reports that it has expanded into Canada to enable auto dealers to support car purchases using crypto. Cion say that crypto may also be utilized for both payments and lending. In a release, Fred Brothers, President, and co-founder of Cion Digital, stated: “With… Read More

Simplii Financial Now the “First” Canadian Virtual Banking Brand to Provide Recurring, Future-Dated Interac e-Transfer Transactions

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Simplii Financial has launched a new online and mobile banking feature for clients, “enabling recurring and future-dated Interac e-Transfer® transactions to be set up or scheduled up to five years into the future.” Vineet Malhotra, Head, Simplii Financial, stated: “Our clients have been asking for… Read More

BIGG Digital Assets Reports Audited Financial Results For FY 2021

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BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that makes it “easy” for Canadians to buy, sell, and understand digital currency, and Blockchain Intelligence Group, a developer of blockchain tech search, risk-scoring and data analytics solutions, “is pleased to report… Read More

Launch of Square Loans Provides Simple Access to Funds for Canadian Companies

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Square recently announced the launch of Square Loans in Canada, giving small businesses quick and simple “access to funds and eliminating another major pain point associated with running a business.” By using transaction data, Square Loans “proactively surfaces customized offers to eligible sellers, providing them… Read More

Fintech Firm Klarna and Global-e Extend International Partnership to Canada

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Klarna, a global retail bank, payments, and shopping service, announced its expanded partnership with cross-border e-commerce provider Global-e (Nasdaq: GLBE). Via this partnership, merchants selling to Canada through Global-e’s cross-border e-commerce platform, “including notable brands such as Reformation, SKIMS, Fenty Beauty, Rimowa, Versace, Marc Jacobs,… Read More

RBC Clearing and Custody Introduces Tech Platform for Broker-Dealers, Investment Advisors

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RBC Clearing and Custody (RBC C&C), a division of RBC Capital Markets, LLC, recently confirmed the launch of RBC Nexus, a unified tech platform and secure entry point for independent broker-dealers and registered investment advisors. RBC Nexus is reportedly the only platform financial professionals require… Read More

Fintech Sandbox: Ontario Securities Commission Announces 7 Firms for TestLab Testing Environment

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The Ontario Securities Commission (OSC) has announced 7 firms that will participate in its Fintech sandbox called TestLab. The OSC TestLab is a dedicated testing environment for firms to try out new approaches to regulation aimed at reducing burden, promoting economic growth, and fostering capital… Read More

Canada: Regulated Digital Asset Exchange Coinberry to be Acquired by WonderFi for $38.3 Million

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WonderFi  (NEO:WNDR; OTC:WONDF) has entered into an agreement to purchase Coinberry, a Canadian digital asset exchange that is regulated and compliant. WonderFi recently acquired Bitbuy – another crypto platform operating in Canada. Coinberry is one of just a handful of compliant crypto marketplaces operating in… Read More

Coinweb, an L2 Cross-Computation Platform, Registers With Canadian Regulator FINTRAC as Money Services Business

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Coinweb, a layer-2 cross-computation platform, recently announced that it has acquired FINTRAC-registered OnRamp Technologies Limited, a payment company with Money Services Business consents (MSB) “providing users the access to fiat rails for projects being built on top of the Coinweb platform within the regulated Canadian… Read More

Bank of Canada Works with Multiverse Computing for Crypto Adoption Modeling

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The Bank of Canada, the central bank of the country, has revealed a partnership with Multiverse Computing to model out the adoption of cryptocurrency as a method of payment, according to a statement by the company. Multiverse Computing said this is the first central bank… Read More

PXP Financial, an Acquiring, Payment, Fraud, and Data Analysis Service, Launches in Canada

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PXP Financial Inc., the US division of PXP Financial Ltd., a key player in global acquiring, payment, fraud and data analysis services, recently announced its launch in Canada. Ontario is the next major territory for sports betting since New Jersey became one of the first… Read More

NFTs: CoinSmart Financial Inc. Announces Investment in NFT Cross-Bridge Marketplace, Curate

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  CoinSmart Financial Inc., which claims to be one of Canada’s leading crypto-asset trading platforms, has announced its investment in NFT cross-bridge marketplace, Curate. The partnership agreement reportedly “includes an undisclosed investment from CoinSmart in Curate’s NFT Marketplace, with an option to acquire a majority… Read More

Payments Canada Chooses TCS as Integration Lead for Real-Time Rail, a Real-Time Payment System

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Payments Canada has announced the selection of Tata Consultancy Services (TCS) (BSE: 532540) (NSE: TCS), a global IT services, consulting and business solutions organization, “as the integration lead for Canada’s real-time payment system, the Real-Time Rail (RTR).” TCS will help plan and orchestrate activities “with… Read More

360 Web3 Tween Brand Lumiii and Crypto Reward Company Cultos to Introduce Loyalty Program

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Crypto rewards platform Cultos recently announced that it has teamed up with gaming company Secret Pirates in order to launch “an exclusive loyalty program for Lumiii, the decentralized edutainment ecosystem.” Lumiii’s animated series, The Secret Order of Lumiiis™, and its blockchain games empower players and… Read More

Payments Fintech Payfare Expands Collaboration with Visa in the US

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Payfare Inc. (TSX: PAY), a Fintech powering instant payout and digital banking solutions for the gig workforce, recently announced the expansion of its collaboration with Visa (NYSE: V) in the US. After obtaining its Visa Ready for Fintech Enablers certification and expanding its platform with… Read More

Tachjian Named Canada’s Open Banking Lead

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The Government of Canada this week named its open banking lead. Abraham Tachjian was named to the post by the Hon. Randy Boissonnault, Minister of Tourism and Associate Minister of Finance. Tachjian is currently a director in the financial services practice at PwC Canada, where… Read More

Avast, Provider of Digital Security and Privacy, to Acquire SecureKey Technologies

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Avast (LSE:AVST), an international firm focused on digital security and privacy, recently announced the acquisition of SecureKey Technologies, a global provider of digital identity and authentication solutions (with head offices in Canada). SecureKey’s privacy-enhancing services are “focused on simplifying access to online services while giving… Read More

Visa Canada, DoorDash Support Real-Time Digital Payments via Fintech Stripe

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Visa (NYSE: V) has announced a new offering with DoorDash, a “last-mile” logistics platform, in order to help enable faster payouts “to eligible Dashers across Canada.” The latest feature, called DoorDash Fast Pay, is “facilitated by Stripe’s Instant Payouts product, made available through Stripe’s financial… Read More

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