Canada

June 12, 2022 @ 3:32 pm By JD Alois  |  

An official with the Bank of Canada has issued a warning about Canadians investing in crypto. In a statement this past week by the Bank on the Financial System Review (FSR), the government cautioned about risks including fast-rising interest rates, and geopolitical challenges while touching… Read More

June 1, 2022 @ 11:32 am By Omar Faridi  |  

Glory, which claims to be a global “leader” in cash technology solutions to the financial and retail industries, has announced their participation in the fundraising round by Clip Money Inc. (TSXV: CLIP) a Fintech operating in Canada and the US. Clip Money “simplifies the challenges… Read More

May 30, 2022 @ 11:21 am By Omar Faridi  |  

  Hardbacon, a personal finance application used by more than 38,000 Canadians, has launched an equity crowdfunding campaign through the FrontFundr portal “where it has secured no less than $422,829 in the first 24 hours.” As part of the campaign, Hardbacon has “obtained $303,965 in… Read More

May 26, 2022 @ 10:22 am By Omar Faridi  |  

Blockchain Intelligence Group, a global cryptocurrency compliance and intelligence company, owned by BIGG Digital Assets Inc. (CSE: BIGG), announces full support for both the Dash and Dogecoin cryptocurrencies “in its data tools ecosystem.” Exchanges, banks and law enforcement now can “track and trace, and risk… Read More

May 21, 2022 @ 5:55 pm By Omar Faridi  |  

Round13, a Canadian VC firm with approximately $700 million in assets under management, has introduced a “dedicated” fund to invest in the emerging blockchain and digital asset market. As noted in an update shared with CI, the crypto native fund has “raised US$70 million of… Read More

May 19, 2022 @ 10:27 pm By JD Alois  |  

BIGG Digital Assets (CSE:BIGG, OTCQX: BBKCF, WKN: A2PS9W), owner of Blockchain Intelligence Group, has hired Kenneth A. Goodwin, Jr. as the Director of Regulatory and Institutional Affairs. According to BIGG, Goodwin brings extensive experience in global banking and capital markets in his new role. Lance… Read More

May 19, 2022 @ 7:59 am By Omar Faridi  |  

Mitacs and Mastercard (NYSE: MA) recently announced a partnership that will see some of the “best” and “brightest” from Canada’s academic institutions collaborate on projects “aimed at accelerating R&D and innovation in the field of cybersecurity at Mastercard.” Mastercard is investing $500,000 towards the development… Read More

May 10, 2022 @ 11:18 pm By Omar Faridi  |  

Neo Financial is pleased to confirm that they recently secured $185 million in new funding “to continue building better, more modern financial services for all Canadians.” According to Neo Financial, this is “a historic milestone for [them,] as [they] are now one of only a… Read More

May 9, 2022 @ 9:25 pm By JD Alois  |  

Accelerated Payments, an invoice financing and SME credit platform, has appointed Steven Conrad as Vice President of Business Development for North America as the Fintech looks to boost its lending activity on the continent. Conrad will be based in Toronto. Accelerated Payments noted that the… Read More

May 9, 2022 @ 3:50 pm By JD Alois  |  

Cion Digital reports that it has expanded into Canada to enable auto dealers to support car purchases using crypto. Cion say that crypto may also be utilized for both payments and lending. In a release, Fred Brothers, President, and co-founder of Cion Digital, stated: “With… Read More

May 4, 2022 @ 11:41 pm By Omar Faridi  |  

Simplii Financial has launched a new online and mobile banking feature for clients, “enabling recurring and future-dated Interac e-Transfer® transactions to be set up or scheduled up to five years into the future.” Vineet Malhotra, Head, Simplii Financial, stated: “Our clients have been asking for… Read More

May 3, 2022 @ 9:52 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that makes it “easy” for Canadians to buy, sell, and understand digital currency, and Blockchain Intelligence Group, a developer of blockchain tech search, risk-scoring and data analytics solutions, “is pleased to report… Read More

May 1, 2022 @ 9:19 pm By Omar Faridi  |  

Square recently announced the launch of Square Loans in Canada, giving small businesses quick and simple “access to funds and eliminating another major pain point associated with running a business.” By using transaction data, Square Loans “proactively surfaces customized offers to eligible sellers, providing them… Read More

April 28, 2022 @ 10:36 pm By Omar Faridi  |  

Klarna, a global retail bank, payments, and shopping service, announced its expanded partnership with cross-border e-commerce provider Global-e (Nasdaq: GLBE). Via this partnership, merchants selling to Canada through Global-e’s cross-border e-commerce platform, “including notable brands such as Reformation, SKIMS, Fenty Beauty, Rimowa, Versace, Marc Jacobs,… Read More

April 27, 2022 @ 4:20 pm By Omar Faridi  |  

RBC Clearing and Custody (RBC C&C), a division of RBC Capital Markets, LLC, recently confirmed the launch of RBC Nexus, a unified tech platform and secure entry point for independent broker-dealers and registered investment advisors. RBC Nexus is reportedly the only platform financial professionals require… Read More

April 25, 2022 @ 7:37 pm By JD Alois  |  

The Ontario Securities Commission (OSC) has announced 7 firms that will participate in its Fintech sandbox called TestLab. The OSC TestLab is a dedicated testing environment for firms to try out new approaches to regulation aimed at reducing burden, promoting economic growth, and fostering capital… Read More

April 18, 2022 @ 9:31 am By JD Alois  |  

WonderFi  (NEO:WNDR; OTC:WONDF) has entered into an agreement to purchase Coinberry, a Canadian digital asset exchange that is regulated and compliant. WonderFi recently acquired Bitbuy – another crypto platform operating in Canada. Coinberry is one of just a handful of compliant crypto marketplaces operating in… Read More

April 18, 2022 @ 12:06 am By Omar Faridi  |  

Coinweb, a layer-2 cross-computation platform, recently announced that it has acquired FINTRAC-registered OnRamp Technologies Limited, a payment company with Money Services Business consents (MSB) “providing users the access to fiat rails for projects being built on top of the Coinweb platform within the regulated Canadian… Read More

April 14, 2022 @ 5:21 pm By JD Alois  |  

The Bank of Canada, the central bank of the country, has revealed a partnership with Multiverse Computing to model out the adoption of cryptocurrency as a method of payment, according to a statement by the company. Multiverse Computing said this is the first central bank… Read More

April 9, 2022 @ 9:26 am By Omar Faridi  |  

PXP Financial Inc., the US division of PXP Financial Ltd., a key player in global acquiring, payment, fraud and data analysis services, recently announced its launch in Canada. Ontario is the next major territory for sports betting since New Jersey became one of the first… Read More