Canada

Insurtech Finaeo Completes Oversubscribed $2.25 Million Seed Investment Round

Canadian-based CRM platform Finaeo announced last week it has completed its Seed Round, which oversubscribed and raised $2.25 million. The round was led by Impression Ventures with participation from 500 Startups, Robo Ventures, iGan Partners, and Toronto angel investors. Founded in 2016, Finaeo helps financial… Read More

Canadian Fintech Stack Announces Partnership With MasterCard to Launch Digital Money Account With Mobile Tap-to-Pay Functions

On Monday, Canadian fintech startup Stack announced it has formed a partnership with MasterCard to launch its digital money accounts with mobile tap-to-pay functionality. Stack stated its accounts will include a chip-and-pin MasterCard prepaid card that provides secure point-of-sale access to worldwide retailers, global ATM networks, and… Read More

British Columbia Securities Commission Grants First Bitcoin Investment Fund Manager Registration

The British Columbia Securities Commission (BCSC) has announced the first registration of an investment fund manager in Canada solely dedicated to cryptocurrency investments. The approval by the BCSC was described as a landmark event. The BCSC granted First Block Capital Inc. registration as an investment… Read More

Zoom! Kik ICO Expects to Raise $125 Million

Kik, a Canada-based chat platform founded in 2009, is poised to raise $125 million in an upcoming Initial Coin Offering (ICO) joining a handful of Token crowdsales that have topped the $100 million mark. Kik has already closed on a presale round that raised only… Read More

Canadian Securities Administrators Caution Public & Issuers on Initial Coin Offerings

The Canadian Securities Administrators (CSA) have posted a notice regarding companies that are using Initial Coin Offerings (ICOs) to raise capital online. The CSA published a Staff Notice, 46-307 Cryptocurrency Offerings, noting that issuers may need to comply with existing securities law. Canada is the… Read More

Canadian Fintech Dream Payments Announces National Dealer Program

Dream Payments, a fintech company that operates a payments cloud that powers commerce and payments across mobile devices and the Internet of Things (IoT), announced on Thursday the launch of the Dream Payments Dealer Program. The company stated that the new program enables retailers including… Read More

TransferWise Announces Borderless Accounts in Canada

Transferwise, one of the highest profile Fintech firms in Europe, announced on Wednesday the launch of its new Borderless account in Canada. This news comes just a few weeks after the company added Apple Pay to the list of options its users may leverage to… Read More

Fintech Brief: Flexiti Financial Closes $6.25M Convertible Debentures Offering

Flexiti Financial, a Canadian provider of point-of-sale (POS) financing and payment technology for retailers, announced the closing of an oversubscribed $5M convertible debentures offering. A convertible debenture, a type of loan issued by a company that can be converted into stock, differs from a convertible bond… Read More

Canadian Clean Energy Fintech Platform CoPower Secures $2 Million During Equity Finance Round

Canadian clean energy fintech company CoPower Inc. announced on Monday it has secured $2 million in equity financing to further scale its successful investment platform. The round was led by Fondaction CSN, a Montreal-based pension fund and included other existing shareholders such as the Royal… Read More

Financeit CEO Michael Garrity Welcomes Ryan D’Souza & Jennifer Honey Brannon to Team

Financeit, a point-of-sale financing provider, has expanded its executive team with two new Vice Presidents: VP of Sales Ryan D’Souza and VP of Human Resources Jennifer Honey Brannon. Following a successful year that included the acquisition of TD Bank Group’s indirect home improvement assets by Financeit… Read More

Fintech Firm MOBI724 Files & Receives Receipt For Final Prospectus

On Friday, Canadian fintech firm MOBI724 (CSE:MOS)(MOS.CN)(CNSX:MOS)(MOBIF) announced it has filed and received receipt for its final prospectus, qualifies the 29,538,203 common shares of the company and 14,769,101 common share purchase warrants issuable upon the exercise of the 29,538,203 special warrants that were previously issued by… Read More

Canadian Fintech Borrowell Raises $57 Million in Series A

Borrowell, a Canadian Fintech firm that provides a safe way for Canadians to obtain three and five year fixed-rate loans at low interest, has raised $57 million in Series A funding round. The capital infusion included $12 million in equity and $45 million in a new credit… Read More

Canadian Fintech Startup Dream Payments Opens Center of Excellence in Moncton

Dream Payments, a Canada-based fintech company that operates a payments cloud to power commerce and payments across mobile devices, announced on Wednesday the opening of its first Centre of Excellence in Moncton, New Brunswick. The company reported that this is its first Canadian office outside… Read More

nanopay Appoints Former Google Engineer As Vice President of Engineering

Real-time payments platform provider and fintech firm nanopay announced on Tuesday it has appointed former Google engineer, Kevin Greer, as its new Vice President of Engineer. The company revealed that Greer will be overseeing technical strategy and ensure successful rollouts of global services. During his… Read More

Canadian Fintech Startup Mylo Launches Mobile Personal Finance Management App For iPhone

Canada fintech startup, Mylo Financial Technologies (Mylo) announced on Thursday the launch of its new personal finance management app exclusively for iPhone.  According to Mylo, the new app automatically rounds up every purchase users make and invests the spare change. Users may also open a… Read More

Royal Bank of Canada Enters Agreement with Fintech Firm VersaPay

VersaPay Corporation (TSXV: VPY), a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, announced on Thursday it has formed a strategic relationship with Royal Bank of Canada (RBC) (TSX: RY). According to VersaPay, as part of… Read More

nanopay Unveils Self-Service MintChip Retail Payment Platform For Canadian Merchants

nanoPay, an early-stage fintech company based in Toronto, announced on Wednesday it is launching a self-service MintChip Retail Payment Platform, which will enable merchants to accept digital cash (in Canadian Dollars) and deliver all the benefits of traditional cash at a fraction of the cost of… Read More

Fintech Sandbox and Ontario Centres of Excellence Announce Partnership

The Boston based company Fintech Sandbox and the Ontario Centres of Excellence (OCE) signed a memorandum of understanding (MOU) to work together to bring the Fintech Sandbox model into Ontario and eventually the rest of Canada. The President and CEO of OCE, Dr. Tom Corr,… Read More

Canadian Fintech Firm MOBI724 Appoints New Members to Executive Management Team

Canada-based fintech firm MOBI724 Global Solutions Inc. announced on Monday it has appointed Michael Schuck as Chief Sales Officer (CSO) and Johnny Hawa as Chief Operating Officer (COO). The company reports that Schuck has more than 30 years of experience in both banking and financial… Read More

Australian Fintecher Avoka Wins ATB Financial’s Global Innovation Challenge

KPMG and Matchi named Avoka as the winner of ATB Financial’s Customer Onboarding Global Innovation Challenge. Avoka will now work with ATB on a proof-of-concept project with a view to roll out and implement the solution. “Avoka is thrilled to have been selected the winner… Read More