Canada

May 13, 2023 @ 4:32 pm By JD Alois  |  

After a bit of a struggle to gain access to the Canadian market, Binance has decided to exit the country. In an extended Tweet, Binance announced its decision. Unfortunately, today we are announcing that Binance will be joining other prominent crypto businesses in proactively withdrawing… Read More

May 9, 2023 @ 9:45 pm By Omar Faridi  |  

The Bank of Canada is launching an online public consultation on “the features that could be included in a digital Canadian dollar.” The consultation opened on May 8, 2023 and runs until June 19. The way Canadians pay for everything from the daily necessities “to… Read More

May 8, 2023 @ 10:59 pm By Omar Faridi  |  

Haru Invest, a digital asset management platform, announced the launch of its crypto mining product Haru Mining in partnership with Canadian crypto miner Pow.re. Haru Mining explains that it “represents a strategic expansion of Haru Invest’s suite of digital asset investment services, opening users to… Read More

May 3, 2023 @ 10:19 am By Omar Faridi  |  

The B.C. Securities Commission recently alleged that a defunct cryptocurrency platform based in Nanaimo on Vancouver Island allegedly carried out a massive securities fraud by intentionally and illegally diverting customer funds to crypto gambling websites. In a notice issued in April 2023, the Commission said… Read More

May 1, 2023 @ 9:45 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY), a financial services and investment management innovator in the digital asset and blockchain technology sector, and DWS, which claims to be one of the world’s leading asset managers, have entered into a strategic alliance with the aim of initially… Read More

April 21, 2023 @ 8:20 am By Omar Faridi  |  

Airwallex announced the launch of its global payments services in Canada. The launch will empower Canadian businesses “to tap into Airwallex’s global payments and financial platform, offering a faster, more cost-effective and transparent alternative to the traditional banking platform.” Businesses in Canada can now “access… Read More

April 19, 2023 @ 7:02 pm By Omar Faridi  |  

Hollywood actor, producer and entrepreneur Ryan Reynolds has announced that he has invested in Canadian Fintech company Nuvei Corporation (Nasdaq: NVEI). This I assure you… @nuvei will never ever build a rocket. pic.twitter.com/pyVdLSraW8 — Ryan Reynolds (@VancityReynolds) April 17, 2023 Reynolds, who is “globally recognized… Read More

April 17, 2023 @ 4:17 pm By Omar Faridi  |  

Cynthia Del Pozo Garcia, Director, Strategy & Corporate Development at Gemini, notes that as one of the most important and developed markets in the Americas, Canada has “played an essential role in Gemini’s international expansion.” The team at Gemini are glad to show their continued… Read More

April 15, 2023 @ 9:23 am By Omar Faridi  |  

The Calgary Police Service and Chainalysis are together launching the Western Canada Cryptocurrency Investigations Centre, an innovative regional center that will enable law enforcement to tackle crime that takes place using blockchain technology. By bringing together law enforcement agencies and personnel from across Western Canada… Read More

April 13, 2023 @ 4:35 pm By JD Alois  |  

Affirm (NASDAQ: AFRM) is expanding its offerings north by moving into Canada. Affirm is a top buy now pay later (BNPL) platform founded by Max Levchin, who also co-founded PayPal. The expansion into Canada is being enabled by another big Fintech – Stripe, which now… Read More

April 8, 2023 @ 10:43 am By Omar Faridi  |  

New technology and innovations in the payment space are “transforming the way Canadian consumers and businesses make and process payments.” According to data from Payments Canada’s annual Canadian Payment Methods and Trends Report, Canadian businesses are “writing fewer and fewer cheques while expanding the range… Read More

April 4, 2023 @ 8:15 am By Omar Faridi  |  

WonderFi Technologies Inc. Coinsquare Ltd. and CoinSmart Financial Inc. announced that they have entered into a business combination agreement “to combine their respective businesses.” The combined company will aim to “offer one of the largest regulated crypto asset trading platforms in the world and will… Read More

March 26, 2023 @ 7:27 am By Omar Faridi  |  

Pundi X is now registered with FINTRAC as the Money Service Business in Canada. This registration enables Pundi X “to conduct virtual currency and payment service provider businesses in the country, and marks an important milestone in the company’s expansion efforts.” Zac Cheah, CEO and… Read More

March 23, 2023 @ 7:25 pm By JD Alois  |  

Issuance, a capital raising platform for investment crowdfunding, has partnered with DealPoint, a leading Canadian capital raising platform. DealPoint aims to improve upon the cross-border online investment process for issuers. According to Issuance, DealPoint provides similar technology to their service, which is offered in the… Read More

March 22, 2023 @ 3:48 pm By Omar Faridi  |  

Wealthsimple has introduced a private credit fund meant for retail investors. Digital financial services provider Wealthsimple Technologies Inc. is reportedly expanding its services into the private credit sector via a collaboration with alternative fund manager Sagard, enabling retail investors to gain exposure to a market… Read More

March 20, 2023 @ 3:40 pm By Omar Faridi  |  

Engage People, which claims to be the only loyalty network that enables program members to pay with points (PwP) directly at checkout, “reported 22 billion points redeemed and a total of 1.8 million in transactions across its loyalty network in 2022.” As the demand for… Read More

March 10, 2023 @ 12:33 pm By Omar Faridi  |  

Banking as a Service (BaaS) company Synctera announced that it is partnering with the National Bank of Canada in order “to help companies build and launch FinTech apps and embedded banking products in Canada.” Synctera announced “a $15 million strategic investment, led by NAventures (the… Read More

February 22, 2023 @ 5:57 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) have tightened requirements for platforms in the crypto exchange sector. The CSA is an entity that works to coordinate regulation with the various provincial and territorial securities regulators. Unlike the US Securities and Exchange Commission, it does not have federal… Read More

February 20, 2023 @ 12:48 pm By Omar Faridi  |  

Uplinq Financial Technologies – which claims to be the first global credit assessment and scoring platform for small business lenders – announced “a $600,000 strategic investment from Cambrian Ventures (Cambrian), a venture capital firm focused on early-stage fintechs.” Cambrian is “led by former Andreessen Horowitz… Read More

February 19, 2023 @ 11:16 am By Omar Faridi  |  

In 2018, Plaid launched Plaid in Canada to enable account connectivity for thousands of fintechs and help increase financial access for millions of Canadians. Since then, they’ve worked with companies like Wealthsimple, Shopify, and Wave. But onboarding a new user is more than “just account… Read More