Canada

Canadian Investment Fund Manager 3iQ Corp Receives Favorable Ruling on Bitcoin Fund

3iQ Corp. (3iQ), a Canadian investment fund manager, has received a favorable ruling regarding “The Bitcoin Fund” from the Ontario Securities Commission (OSC), according to a company release. Reportedly, 3iQ will issue a final prospectus for a closed-end Bitcoin fund which will be listed on… Read More

Canadian Credit Union Coast Capital Savings to Use nCino’s Bank Operating System to Digitize Lending

Canadian credit union Coast Capital Savings is partnering with North Carolina firm nCino to “optimize” its lending operations using nCino’s cloud-based Bank Operating System platform. The system will be applied as a, “solution for online Retail and Small Business loan applications. The relevant press release… Read More

TokenFunder Greenlighted in Ontario to Pilot Secondary Market Token Trading Platform FreedomX

The Ontario Securities Commission (OSC) has agreed to allow TokenGX Inc, operator of token-issuance platform TokenFunder, to pilot a secondary market trading system for Ontario residents only. The pilot can proceed for 12 months after the first issuance of an ITO (initial token offering) or… Read More

Canada: DealSquare, a Centralized Marketplace for Private Placements Launches, FrontFundr Joins Platform

NEO has announced Dealsquare as Canada’s first securities marketplace for private placements. DealSquare connects companies seeking capital with dealers and their investment advisor networks and individual investors. NEO is addressing shortcomings in current “public” markets by making private securities more accessible to a wider audience…. Read More

Fintech Focused VC Luge Capital Reports Fund Now at $85 Million

Luge Capital is reporting that iA Financial Group and BDC Capital have invested in the Fintech-focused VC fund, bringing the total size to $85 million. BDC Capital is the investment arm of BDC, Canada’s only bank devoted exclusively to entrepreneurs. Luge is a Canada based… Read More

Bitmain’s Back: Cryptomining Giant “Fulfils” Promise to Create Facility in Texas

Rockdale, Texas, a former coal and aluminum producing town hit hard by the exit of those industries. DMG (TSX-V: DMGI), a Canadian firm, will provide hosting and management services for the Texas facility and will work with Bitmain to expand the capacity and to ensure… Read More

Canada Fintech: 12 Canadian Fintech Firms Visit UK Led by DIT

Today, 12 Canadian Fintech firms are in the UK on a 5-day trade mission led by the UK Department of Internation Trade (DIT). The visit is part of an initiative in support of these Fintechs seeking to enter the UK market. According to DIT, the… Read More

Canada Fintech Adoption Rate Touted by EY, Jumps from 18% to 50% Since 2017

EY has recently published its Fintech Adoption Index and the consulting group has published a note on the rate of adoption in Canada. According to EY, Canadian consumer Fintech adoption has jumped from 17% in 2017 to 50% today. Ron Stokes, EY Canada Fintech Leader,… Read More

Spend.com Announces New Partnership With Evolve Bank & Trust

Digital wallet platform Spend.com announced on Wednesday it has formed a new partnership with Evolve Bank & Trust. The company reported the collaboration will help grow and strengthen the communities in which both companies serve and provide fresh and exciting products. “Spend.com is solely committed… Read More

KoreConX Launches KoreNodes in 23 Countries

KoreConX, a secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications, announced on Tuesday the launch of KoreNodes in twenty three countries and five major regions around the world. According to KoreConX, KoreNodes is for trusted and regulated stakeholders… Read More

Canadian Insurtech Apollo Enters U.S. Market

Apollo Exchange, a Canada-based insurtech startup, recently announced it has officially entered the U.S. insurance market. Apollo reported that it entered the American market with a liability insurance product tailored for educators in California. Its insurance product allows consultants, instructors, and therapists to purchase their… Read More

Celero Teams Up With STACK to Launch Digital Member Experience & Rewards Platform Aura

Celero, a solutions integrator, and STACK, a Canadian fintech, announced on Thursday they have formed a strategic partnership to develop and launch Aura, which is a new digital member experience and rewards platform, exclusively for credit unions. The duo reported that by combining Celero’s expertise… Read More

QuadrigaCX Widow Turns Assets Over to Harmed Crypto Exchange Users

Jennifer Robertson, widow of deceased QuadrigaCX founder Gerald Cotten, has disclosed that she will be turning over the “vast majority” of her assets to the Quadriga estate so they may be used to partially compensate users who lost funds when Quadriga collapsed. In a letter… Read More

Canadian Fintech Mogo Unveils Digital Lending Pilot With goeasy

Canadian fintech Mogo Finance Technology announced on Tuesday it has formed a partnership with goeasy Ltd. (TSX:GSY)  to provide Canadians with personal loans up to $15,000 with terms of up to 5 years, all available quickly and conveniently from a mobile device using the Mogo app. According… Read More

Vista Equity Partners Might Sell a 50% Stake in $10 Billion Fintech Outfit Finastra

Vista Equity Partners might reportedly sell a 50% stake in $10 billion Fintech outfit Finastra, according to Bloomberg. Finastra was established in 2017 when Vista acquired Canadian firm D+H and merged it with London-headquartered Misys, another Fintech company owned by Vista. The merger helped establish… Read More

Canada Update: Alberta Updates Crowdfunding Regulations but Where Does Canada Stand in the National Harmonization of Rules? What about Fintech Development?

Last week, the Alberta Securities Commission (ASC) adopted a “Blanket Order” for “Startup Crowdfunding Registration and Prospectus Exemptions.” In effect, the ASC was seeking to improve access to capital for smaller firms – a good thing- but the move also highlights the disparity between the… Read More

On Demand Insurtech Facilitator Slice Labs Partners with Duuo on New Products

Slice Labs, an “on-demand Insurtech, has partnered with Duuo, another on-demand insurance brand to provide” Event and Rent-My-Stuff insurance offerings.” Duuo is part of the Co-operators Group Limited, a Canadian co-operative with more than $41.7 billion in assets under administration. Duuo is using the “Slice… Read More

Plexcoin ICO Hit with $7 Million Final Judgement in SEC Enforcement Action

It has been a big week for enforcement actions at the Securities and Exchange Commission (SEC). Beyond the routine fraud cases, the SEC Division of Enforcement has announced settlements with several high profile initial coin offerings (ICO). Today, the Plexcoin ICO landed squarely in the… Read More

Alberta Securities Commission Adopts Crowdfunding Rules

The Alberta Securities Commission (ASC) has adopted a “Blanket Order” for Startup Crowdfunding Registration and Prospectus Exemptions. The new rule is described as removing “unnecessary barriers to financing, and better facilitate access to capital for start-ups and other small businesses.” The ASC states that both… Read More

Royal Bank of Canada Announces New Mobile Banking Enhancements for Small Business Owners

Global financial institution, Royal Bank of Canada (RBC), announced on Tuesday it has rolled out mobile enhancements specifically for small business owners. According to RBC, the enhancements will help business owners receive financial insights and allow them to manage their business financials. While sharing more… Read More

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