Canada

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

Misys & D+H Combine to form Finastra: “World’s Third Largest Fintech”

Misys and D+H have combined their two firms to create a diversified global financial software provider. The company says the merger, announced earlier this year, creates an unmatched operation in terms of depth and breadth of solutions. Operating under the new company name Finastra, management… Read More

Calgary-Based POS Lender LendingArch Expands into Quebec

LendingArch, a Calgary-based online and point-of-sale lending platform, announced its expansion to Quebec. LendingArch has partnered with medical clinics and home improvement contractors in Quebec to offer POS financing options, enabling LendingArch to become a fourth in-store payment method by applying online to finance products… Read More

Charlotte Fintech Firm AvidXchange Announces Partnership with Mastercard and Capital Raise of $300M

Charlotte-based fintech firm AvidXchange, which provides accounts payable and automated payment solutions to midsize businesses, announced a strategic partnership with Mastercard along with a separate capital raise of $300 million. Both the strategic partnership with Mastercard and the capital raise of $300 million will go towards the… Read More

International Investors: Can US Crowdfunding Platforms Accept Foreign Money?

Some crowdfunding platforms are accepting money from international investors. First, to clarify, is is allowable under US regulations but there are caveats to the rules. In the US, there are three different securities exemptions where you can publicly promote your offerings online: Reg D (506c),… Read More

Singapore Tokenizes Their Currency Through Ethereum’s Blockchain

According to a recent article on Trustnodes, the Monetary Authority of Singapore, Singapore’s central bank, has successfully digitized their national currency by a creating a token out of the Singapore dollar on Ethereum’s blockchain technology. Phase 1 Complete Last November, MAS announced Project Ubin: a… Read More

Aztec Exchange Launches Payment Solution PayMe in Canada

Aztec Exchange, a provider of invoice finance products and services, and Canadian EDI provider EDI Gateway, have formed a partnership to deliver Aztec’s e-invoice payment service PayMe (or payme.cloud) to EDI Gateway’s Canadian supplier and corporate clients. PayMe says it is unique in the early… Read More

Beanworks Raises $4.5 Million Series A Funding

Beanworks, an accounting automation company whose platform connects mid-sized firms from invoice to payment has closed on a $4.5M Series A funding round. The investment was led by Vancouver Founder Fund and TIMIA Capital. Beanworks’ customizable Fintech platform is designed to empower accounting teams to… Read More

Ontario Fintech Firm Wave Raises US $24 Million in Series D

This week, Canadian fintech company Wave, which is based out of Toronto, Ontario, announced it had closed on $32 million CAD (about US $24 million) of funding for its Series D round. The funding was led by investments from the Royal Bank of Canada (RBC) and National… Read More

NCFA in Midst of Annual Alternative Finance Crowdfunding in Canada Survey

Last year, the National Crowdfunding Association of Canada (NCFA) published their industry-led research in the 2016 Alternative Finance Crowdfunding in Canada report. Their research benchmarked industry growth at 48% from 2013-2015 and predicted the 2016 market volume to be $190 million The NCFA has now… Read More

Fineqia to Launch Mini-Bond Platform in Canada

UK based Fineqia has announced its intent to launch the Beta version of its new investor platform by Canada Day (July 1, 2017). Fineqia is based in the UK. Finequia has partnered with JOI Media’s Katipult crowdfunding platform to launch in Canada. JOI is based… Read More