Canada

September 28, 2023 @ 11:33 am By Omar Faridi  |  

Xero, the global small business platform, announced the release of its State of the Industry Report for Canada, which found that the country’s accounting and bookkeeping firms have experienced widespread revenue and profit growth, “linked to the adoption of new operating models and cloud solutions.”… Read More

September 26, 2023 @ 11:08 am By JD Alois  |  

Fintech-focused venture capital firm Luge Capital is reporting it has raised $71 million for its second fund to invest in Fintechs in both the US and Canada. Fund investors include returning investors CDPQ, Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group (iA), Fonds de solidarité FTQ, and new investor Inovia Discovery Fund I. Founded… Read More

September 23, 2023 @ 6:04 pm By Tony Zerucha  |  

New data suggests an increase in fraudulent activities within the automotive, credit card, and mortgage sectors, according to the latest Equifax Canada Fraud Trends Report. The report also suggests the uptick in fraud is being driven by financial pressures faced by consumers and by bold… Read More

September 21, 2023 @ 3:26 pm By Omar Faridi  |  

DealMaker is announcing that Google Cloud has selected DealMaker to join its Google for Startups Program. Google Cloud has awarded $100K in credits “to accelerate DealMaker’s AI innovation in the fintech space with their robust AI tools.” By joining this program, DealMaker will “have access… Read More

September 19, 2023 @ 7:33 pm By Omar Faridi  |  

A survey from Xero, the global small business platform, has revealed that over half (53%) of small businesses in Canada “cited inflation as impacting their cash flow management in the last six months.” Some businesses have been so heavily impacted “that nearly one-third (31%) of… Read More

September 7, 2023 @ 8:30 pm By Omar Faridi  |  

evolutionQ, a quantum-cybersecurity company, is pleased to announce a contract to contribute to a Bank of Canada research project involving quantum-safe cybersecurity technologies for greenfield digital currencies. This work highlights the commitment of evolutionQ “to understanding the risk posed by quantum computers to emerging financial… Read More

September 7, 2023 @ 9:59 am By JD Alois  |  

The Canadian Securities Administration (CSA) has published its year in review, and one of the sectors discussed is crypto. The CSA is the association that represents all of the country’s securities regulators, which operate largely independently of one another based on the province or territory…. Read More

September 4, 2023 @ 9:39 am By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins and Netcoins USA, the online cryptocurrency brokerage that makes it easy for North Americans to buy, sell and stake cryptocurrency, and Blockchain Intelligence Group, a developer of blockchain technology search, risk-scoring and data analytics solutions, is… Read More

August 31, 2023 @ 4:57 pm By Michael Wong  |  

Uplinq, a global credit and scoring assessment platform for small business lenders, has teamed up with digital payments giant Visa to provide scoring and risk assessment tools to small business lenders throughout the US and Canada. As per the agreement, Visa will facilitate the introduction… Read More

August 30, 2023 @ 5:39 pm By Michael Wong  |  

FlipGive, the pioneering cashback rewards and fundraising solution for youth sports teams, has announced raising C$5 million (about $3.7 million) in a recent financing round. The fresh capital is poised to drive the expansion of FlipGive’s direct-to-consumer app across North America while also supporting the… Read More

August 30, 2023 @ 2:52 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) is announcing the launch of its alias solution, Global Digital Disbursements to its commercial clients holding deposit accounts at the bank’s branch in Canada. Global Digital Disbursements facilitates “the processing of multiple B2C payments and C2B collections where the identifier… Read More

August 28, 2023 @ 8:32 am By Michael Wong  |  

BIGG Digital Assets, the Canadian Securities Exchange (CSE)-listed owner of online cryptocurrency brokerage Netcoins, has agreed to acquire shares of Web3 company Terrazero Technologies Inc that BIGG does not currently own in a transaction valued at $20 million. This transaction, which is expected to close… Read More

August 21, 2023 @ 7:47 am By Omar Faridi  |  

Synechron, Inc., a global digital transformation consulting firm focused on the financial services and big technology organizations, announces the opening of its new Canada Delivery Center, located in the heart of the Montreal financial district. This expands Synechron’s Canadian footprint and “enables it to consult… Read More

August 18, 2023 @ 2:26 pm By Omar Faridi  |  

Iris Powered by Generali (Iris), provider of a proprietary identity and cyber protection platform, announced the launch of a white-labeled Identity Theft Resolution and Insurance offering for global enterprise and consumer cybersecurity leader, Trend Micro. This service will be “included in Trend Premium Security Suite… Read More

August 15, 2023 @ 5:56 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has announced its official entry into the Canadian market, “backed by the integration of Interac payment rails, with banking and payment partners, enabling seamless fund transfers, and the introduction of Coinbase One – a 30-day trial offering zero trading fees, enhanced staking rewards,… Read More

August 13, 2023 @ 11:44 pm By Tony Zerucha  |  

B2B buy now, pay later solutions provider Tabit has partnered with embedded lending multinational company Jifiti to serve Canadian B2B merchants, the companies announced this week. Jifiti’s embedded lending platform was white-labelled for Tabit. Online merchants can download the Tabit plugin from one of several… Read More

August 9, 2023 @ 8:46 am By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) released financial results for the three and six months ended June 30, 2023 for both itself and Galaxy Digital Holdings LP. Michael Novogratz, Founder and CEO of Galaxy, said: “Galaxy’s operating businesses performed well in the second quarter against… Read More

August 3, 2023 @ 9:27 pm By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping destination, announced its continued momentum in Canada. Since launching in the market in February 2022 less than 18 months ago, Klarna claims it has achieved “a rapidly expanding network of over 640,000 active consumers; processed over… Read More

August 3, 2023 @ 4:22 pm By Omar Faridi  |  

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced the launch of fractional shares trading for Canadian stocks and ETFs. Clients of Interactive Brokers can now buy and sell fractional shares of “all stocks and ETFs listed on the Toronto Stock Exchange and on… Read More

July 19, 2023 @ 10:17 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian fintech company, and Plaid, a data network that enables consumers to connect their bank accounts to more than 8,000 apps and services, announce an extension of their existing global partnership “to support a wider range of businesses with accepting… Read More