Canada

1 in 7 Canucks Own Crypto

One in seven Canadian adults own cryptocurrency, new data from finance website Finder reveals. That equates to roughly 4.2 million people. On a list of 26 countries, Canada ranks 19th, well ahead of the USA (nine per cent) and the UK (eight per cent). They… Read More

TrustSwap Acquires The Crypto App

TrustSwap, a full-service digital asset ecosystem, this week acquired The Crypto App, a cryptocurrency mobile app featuring tracking services from more than 3,000 cryptocurrency assets and 100-plus exchanges. Since its debut in 2017, The Crypto App has close to two million downloads and more than… Read More

Canada’s Trulioo, a Global Digital Identity and Business Verification Provider, Secures $394M via Series D

Canada’s Trulioo, a global identity and business verification solution provider, recently revealed that it has finalized a $394 million Series D round at a $1.75 billion valuation. Trulioo‘s latest investment round was led by TCV, an established growth equity company, along with contributions from existing… Read More

Tech, Law, Finance-focused GreenSky Capital Finalizes Fourth Venture Fund, Invests in Cloud-based Software Firm

GreenSky Capital Inc. recently revealed that it has finalized its fourth affiliated venture fund, the GreenSky Accelerator Fund IV, LP. The Fund reportedly has $15 million to invest in Canada‘s early-stage tech firms. The Fund’s limited partners are “composed of a network of private Canadian… Read More

Global Digital Banking Fintech Payfare Hires Kamran Haidari as CTO, Braulio Lam as Chief Product Officer

Payfare Inc. (TSX: PAY), a global Fintech firm supporting digital banking and instant payment solutions, has hired Kamran Haidari to serve as its Chief Technology Officer and Braulio Lam will be responsible for leading product innovation and development as the firm’s Chief Product Officer. As… Read More

Canada’s Clik2pay, a Near Real-Time Bill Payments Service, to use Interac e-Transfer, Provided via Peoples Trust Co.

Canada’s Clik2pay, a near-real-time bill payments service, was recently introduced during the Payments Canada SUMMIT, together on stage with the nation’s leading businesses. Leveraging the Interac e-Transfer service and provided via the Peoples Trust Company, which is part of the People’s Group, the new Clik2pay… Read More

New Agreement Said to Make Flexiti Top Point of Sale Lender in Canada

Flexiti, a point of sale lender, has announced that following a new agreement it is now the largest point of sale lender in Canada. Announced in a corporate release, Flexiti said that it has become the exclusive Fintech lender with the LFL Group (TSX: LNF)… Read More

Mogo Set to Acquire Additional Shares In Canada-Based Crypto Platform Coinsquare

  Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) a Canada-based digital payments and financial technology company, announced on Tuesday it is set to acquire additional 2.0% of the outstanding common shares of cryptocurrency platform, Coinsquare.  The acquisition was announced just a little over a month after Coinsquare… Read More

Canada-Based Real Estate Investing Platform BuyProperly Raises $2 Million Through Latest Investment Round Led By Nurture Ventures

  BuyProperly, a Canada-based real estate investing platform, announced on Tuesday it raised $2 million through its latest investment round, which was led by Nurture Ventures with follow-on participation from FastBreak Ventures and notable angel investors. Founded in 2019, BuyProperly describes itself as an online marketplace… Read More

Mogo Set to Acquire Canadian Broker-Dealer Fortification Capital

    Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) a Canada-based digital payments and financial technology company, announced on Monday it is set to acquire Fortification Capital Inc., a Canadian registered investment dealer. According to Mogo, the acquisition will bring order execution only (OEO) registration capabilities, which… Read More

Legal Analysis: NFT Lawsuit Alleges Sale of NBA Top Shot Moments by Dapper Labs Violates Securities Laws

A newly filed lawsuit alleges that the sale of NBA Top Shot “Moments” is in violation of the federal Securities Act of 1933, which is a law that aims to ensure investor protection when acquiring publicly-traded securities. Michael McCann and Jacob Feldman from Sportico note… Read More

Digital Asset Payment Service Provider Banxa Integrates its Crypto to Fiat Gateway with Bancor

Banxa, an established payment service provider (PSP) for the crypto-asset sector, has reportedly integrated its crypto-to-fiat gateway with Bancor, a liquidity protocol enabling automated cross-chain swaps and liquidity provision to various digital tokens. Through this latest integration, Bancor users will have the option to buy… Read More

Canadian Digital Banking Platform Relay Secures $19.4 Million

Relay, a Canada-based digital banking platform for small businesses, announced on Thursday it raised US$19.4 million in funding, which includes US$15 million through its Series A funding round that was led by Bain Capital Ventures and seed round of $4.4 million led by Better Tomorrow… Read More

Canada-Based Blockchain Data Provider Covalent Sells $10 Million Worth of Native Token “CQT” in a CoinList Sale

  Covalent, a Canada-based blockchain data provider, announced on Monday it has sold $10 million worth of native token CQT through a CoinList token sale. Founded in 2018, Covalent describes itself as a technology company that is solving the huge infrastructure problems inhibiting blockchain adoption. The company reported that its… Read More

Mogo Announces Partnership With Fundstrat

  Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) a Canada-based digital payments and financial technology company, announced on Thursday it has teamed up with Fundstrat, to provide MogoMembers with exclusive access to crypto nd other equity research from FSInsight LLC (FSI), which is Fundstrat’s independent research firm. Mogo… Read More

Canadian Fintech Mogo Announces Corporate Investment in Ethereum

  Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) a Canada-based digital payments and financial technology company, announced on Monday it has purchased approximately 146 Ether (ETH) at an average price $2,780. The company reported that its Ethereum investment is consistent with management’s plans to increase its on-balance… Read More

TD Bank Announces Completion of Wells Fargo’s Canadian Direct Equity Finance Business Acquisition

    TD Bank announced on Monday it has completed the acquisition of Wells Fargo’s Canadian Direct Equipment Finance business. TD Bank reported that the acquisition adds scale and capabilities to its existing Canadian Equipment Financing business and expands the bank’s presence in core markets. While… Read More

Wealthsimple Secures $750 Million Through Latest Investment Round; Now Has Post-Money Valuation of $5 Billion

  Canada-based fintech and global digital investing service Wealthsimple announced on Monday it raised CAD$750 million through its latest investment round and now has a post-money valuation of CAD$5 billion. According to Wealthsimple, The round is led by Meritech and Greylock, with participation from DST… Read More

INX Limited Closes Token IPO Raising $85 Million

INX Limited reports that it has raised approximately $85 million in “the first SEC-registered token IPO.” INX is a digital asset company that seeks to provide a regulated trading platform for both digital securities and crypto. INX states that over 7200 investors participated in the… Read More

Canadian Digital Asset Custodian Brane Capital Now Seeking Approval for U.S. Trust Charter

Brane Capital, a digital asset custodian based in Canada, recently announced it has completed an extensive application filing process for a public trust company charter with the South Dakota Division of Banking. The company reported that the charter will allow it to offer the full… Read More

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