Canada

Global Payment Tech Nuvei Acquires Gaming Payments Platform Mazooma

  Nuvei, a global payment technology provider based in Canada, announced on Friday it is set to acquire Mazooma Technical Services Inc. a U.S.-based focused gaming and sports wagering payment technology provider for approximately $56 million, plus additional consideration subject to the achievement of specific… Read More

Coinsquare Completes Closing of Strategic Investment By Mogo

CoinSquare, a Canadian digital asset exchange, announced on Friday the closing of the previously announced strategic investment in Coinsquare by Mogo Inc. (NASDAQ:MOGO) (TSX: MOGO), a digital payments and fintech company. Coinsquare reported that per the investment agreement, Mogo has acquired a 19.99% ownership interest for… Read More

Marble Financial Completes Acquisition of Canadian Fintech Inverite

  Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0), an AI-driven financial technology company that educates and helps Canadians better understand and manage their current cash flow and credit towards a better financial future, announced earlier this week it has closed the acquisition of Inverite Verification Inc.,… Read More

Former Polymath CEO Arrested for Sexual Assault: Report

Former CEO and co-founder of Polymath, Trevor Koverko, has been arrested in Toronto according to a report in the Toronto Sun. A well-known platform in the security token sector of blockchain, Polymath was an early entrant in the ongoing push to digitize securities. According to… Read More

Global Payments Provider Reach Appoints Tyler Barry As New CTO

  Reach, a global payments provider, announced on Tuesday it has appointed Tyler Barry as its new CTO. According to Reach, Barry has 20 years of experience in the tech industry and previously led the overall design and work of the technical teams to conduct the… Read More

10 High-Potential Fintech Firms Chosen for 11th Annual Fintech Innovation Lab New York

Ten high-potential technology firms have reportedly been chosen for 11th Annual Fintech Innovation Lab New York. As noted in the announcement (published on April 7, 2021), Fintech solutions aim to leverage AI and advanced data analytics to “address key industry challenges including sustainability.” As mentioned… Read More

Canadian Fintech Mogo Partners With LendingClub Bank For Carta Expansion

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) a Canada-based digital payments and financial technology company, announced on Thursday its wholly-owned payments platform, Carta Worldwide, is extending its U.S. market deployment with an expanded debit card issuance service offering for challenger banks. Carta has reportedly partnered with LendingClub Bank, National… Read More

Brim Financial Partners With Canadian Western Bank For Platform as a Service

  Brim Financial (Brim), a Canadian fintech and certified credit card issuer, announced on Wednesday it has joined forces with Canadian Western Bank (CWB) to roll out its Platform as a Service (PaaS) and credit card infrastructure. According to Brim, the PaaS enables CWB to… Read More

Canadian Shell Company Valdy to Acquire All Outstanding Securities of INX Limited

According to a release by Valdy (TSXV:VALDY), the company has entered into a definitive agreement to acquire all outstanding securities of INX Limited. Upon completion, INX will effectively become a publicly listed company. Valdy is a shell company based in Vancouver, Canada.  Valdy was incorporated… Read More

Ontario Securities Commission Tells Crypto Trading Platforms to be in Compliance with Securities Law. Or Else…

The Ontario Securities Commission (OSC) has issued a statement that crypto trading platforms must be in compliance with existing securities law or they fact potential regulatory action. This news arrives around the same time the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization… Read More

Canada: CSA and IIROC Outline Securities Law Requirements and Application to Crypto Trading Platforms

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have jointly published a notice outlining securities law requirements that apply to crypto-asset trading platforms (or CTPs) and how they may be tailored by regulators, according to a public statement. The… Read More

Mogo Launches Bitcoin Cashback Mortgage

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Monday it has extended its Bitcoin cashback reward program to include MogoMortgage. Mogo reported that under the program its members who take out a new mortgage or refinance may earn up to $3,100 cashback deposited into… Read More

Global Fintech Payfare Announces New Board Members

Payfare, a global fintech that specializes in digital banking and instant payout solutions, announced on Thursday it has welcomed new directors to its board. The new board members are the following: Kelly Graziadei: Brings 20 years of leadership experience in tech companies including AltaVista, Yahoo and… Read More

Alberta and Saskatchewan Look to Allow Investors to Back Small Business with UP to $5 Million

The Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) are looking to boost access to capital for smaller firms by creating new rules to allow issuers to raise up to $5 million in a more streamlined offering. According to… Read More

Coinsquare Negotiates with Canada Revenue Agency to Protect Most Client Information

CoinSquare, a Canadian crypto exchange,  has announced that it has come to terms with the Canada Revenue Agency (CRA) in regards to the information provided regarding CoinSquare users. CoinSquare notes that in late 2020, the CRA filed an application in court to compel Coinsquare to… Read More

Mogo Announces Acquisition of Savings & Investing App Moka Financial

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Tuesday it is set to acquire Moka Financial Technologies, a Canada-based saving and investing app, in an all-stock transaction.  Launched in 2017, Moka (originally Mylo) is on a mission to help its users achieve their financial… Read More

Vancouver Fintech Beanworks Set for $105M Acquisition by French Enterprise Services Company Quadient SA ADR

Vancouver-based Fintech firm Beanworks will reportedly be acquired for $105 million. As reported by BIV, Beanworks is considered a high-growth tech firm and its acquisition deal is estimated at over $100 million. French enterprise services company Quadient SA ADR stated on Monday (March 22, 2021)… Read More

Bitcoin ETF: Pending US BTC Exchange Traded Fund Applications include WisdomTree, VanEck, NYDIG Asset Mgmt, Skybridge, First Trust 

The researchers at Bloqport have confirmed that only a month after launch, the first-ever Bitcoin ETF has reached $1 billion CAD in assets under management or AUM (as of March 20, 2021). Just one month after launch, the first ever #Bitcoin ETF has hit $1… Read More

Paysafe Expands Partnership With NeoPollard Interactive to Provide Payment Gateway For Alberta’s Online Gambling Website “PlayAlberta”

  Integrated payments platform Paysafe announced on Wednesday it has expanded its partnership with NeoPollard Interactive (NPi), the provider of iLottery programs in North America. Through this partnership, NPi uses Paysafe’s proprietary payment gateway to power Alberta’s only regulated online gambling website PlayAlberta.ca.  Paysafe further revealed with… Read More

Digital Banking Unicorn Revolut Suspends Operations in Canada, Says it Will Revisit Options Later

UK-headquartered digital banking challenger Revolut says it will be suspending its business operations in Canada, a move that has come just 18 months after the Fintech launched a beta version of its services in the North American country. BetaKit, which keeps track of Canadian tech… Read More

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