Canada

August 10, 2021 @ 9:41 pm By Tony Zerucha  |  

Graph Blockchain has entered into a binding letter of intent to acquire Optimum Coin Analyzer, an AI-based crypto coin analytics tool company. Graph will acquire 100 per cent of all issued and outstanding shares of Optimum Coin Analyzer for $5 million in Canadian funds Optimum… Read More

August 10, 2021 @ 10:46 am By Omar Faridi  |  

Canada-based Scotiabank (TSE: BNS) is reportedly converting credit card repayments into Buy Now, Pay Later or BNPL options, by offering customers the ability to pay off their debt in 3, 6, or 12-month fixed-installment payments. Currently available for purchases over $100 in-store or online, clients… Read More

August 9, 2021 @ 10:00 pm By Tony Zerucha  |  

Seven of the top 15 Canadian industrial sectors saw declines in investment between 2015 and 2019, research from Canadian think tank the Fraser Institute shows. More industries saw declines in capital investment at one time than during any period since 1990. “In a troubling trend,… Read More

August 6, 2021 @ 5:34 pm By Omar Faridi  |  

Sensibill has teamed up with CAARY in order to bring “robust” digital finance solutions to SMEs. Through the partnership, CAARY and Sensibill aim to assist Canadian businesses with tracking their spending and managing their finances. As stated in the announcement: “We’re pleased to share that… Read More

August 6, 2021 @ 5:24 pm By Omar Faridi  |  

Trulioo, a global identity verification firm, reveals that it has teamed up with three wealth management companies in order to assist them with meeting compliance requirements and will be helping them with verifying their clients. As mentioned in a release shared with CI: “Through the… Read More

August 4, 2021 @ 4:39 pm By JD Alois  |  

Buy Now, Pay Later (BNPL) is currently one of the hottest sectors of Fintech. BNPL is a service that can be provided at the point of sale for a transaction and thus supplant traditional credit cards in regards to larger transactions. As credit cards tend… Read More

August 3, 2021 @ 10:19 pm By Tony Zerucha  |  

Allied Properties REIT has launched a $500 million series of green bonds. They are being offered by Scotia Capital, BMO Nesbitt Burns and CIBC World Markets. The debentures are Allied’s second green bond issuance under its previously announced Green Financing Framework. “This second green bond… Read More

August 3, 2021 @ 12:47 pm By Tony Zerucha  |  

Blockchain and cryptocurrency company DMG Blockchain Solutions has invested $2 million in Bosonic, a provider of critical infrastructure eliminating counterparty credit and settlement risk in digital asset markets. The move is designed to develop DMG’s Blockseer Core+ strategy by providing access to Bosonic’s institutional exchange… Read More

August 3, 2021 @ 9:31 am By JD Alois  |  

The Canadian Securities Administrators (CAS) has announced the creation of a single self regulatory organization (SRO) for the investment sector. According to a statement by the CSA, the SRO will consolidate the functions of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund… Read More

July 30, 2021 @ 6:07 pm By Omar Faridi  |  

InvestorEQ, the powerful behavioral finance tool at the core of Pascal’s integrated digital wealth management platform, is currently available as a “standalone” tool for financial advisors. Powered by Syntoniq, global leaders in behavioral science, InvestorEQ leverages “scientifically validated” psychometric modules in order to assist financial… Read More

July 29, 2021 @ 8:20 am By JD Alois  |  

Antler, a global venture capital firm, has announced new operations in Canada. Antler has been active in the Fintech sector, including Proptech. Magnus Grimeland, the founder and CEO of Antler, sits on the board of Waterloo University and thus has an established connection to Canada…. Read More

July 28, 2021 @ 10:04 am By Omar Faridi  |  

Payfare Inc. (TSX: PAY), a Fintech that’s powering instant payout and digital banking services for contract workers, reveals that it has been issued a Visa Ready certification via the Visa Ready for Fintech Enablers program. The Visa Ready Fintech Enablement program offers partners such as… Read More

July 26, 2021 @ 6:10 pm By Omar Faridi  |  

Canada-based Paystone has acquired CAD 30 million in capital from the private equity division of Crédit Mutuel Alliance Fédérale. Paystone‘s payment processing and customer engagement solutions are currently being used by more than 30,000 merchants in Canada as well as the US. They collectively handle… Read More

July 24, 2021 @ 11:43 am By Omar Faridi  |  

Allied Venture Partners confirmed on July 23, 2021, that they have invested over $1 million into early-stage tech startups while helping to close almost $13 million in total funding since their October 2020 debut. Based in Calgary, Alberta, AlliedVP invests in early-stage tech firms from… Read More

July 23, 2021 @ 6:52 pm By Omar Faridi  |  

Properly, the Canadian technology-powered real estate brokerage, reveals that it has secured CAD 44 million through its Series B financing in order to support its national expansion across Canada’s $400 billion real estate market. As noted by the company in a blog post, Bain Capital… Read More

July 22, 2021 @ 9:53 pm By Omar Faridi  |  

Provenance is a Cosmos-powered blockchain whose goal is to create a “vibrant” ecosystem of decentralized financial (DeFi) services for a variety of financial institutions such as asset originators, fund managers, servicers, banks, and investors. The Proof of Stake (PoS) blockchain is “distinguished by three elements:… Read More

July 22, 2021 @ 6:05 pm By Tony Zerucha  |  

Mobile payment use has surged during the COVID-19 pandemic, research from eMarketer finds. Total mobile payment use hit one trillion in 2020, with YoY growth of 22.2 percent. Smartphone user penetration hit 44.6 percent, up from 38.3 percent in 2019. Growth in mobile payment users… Read More

July 21, 2021 @ 3:41 pm By Tony Zerucha  |  

Canadian blockchain tech company Helix Applications has completed its acquisition of GlobalBlock Limited. GlobalBlock is now a wholly-owned operating subsidiary. Based in the United Kingdom, GlobalBlock is a digital asset broker offering a personalized telephone broking service, trading platform, and mobile app. It has been… Read More

July 21, 2021 @ 12:04 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins, the online digital currency brokerage that “makes it easy for Canadians to buy, sell, and understand cryptocurrency,” and owner of Blockchain Intelligence Group, a developer of blockchain tech search, risk-scoring and data… Read More

July 21, 2021 @ 12:37 am By Omar Faridi  |  

Fintech firm Paysafe has teamed up with Smart Property Systems in North America. The SaaS platform from Smart Property Systems will be plugged into Paysafe’s integrated payments solution in order to “streamline” rent payments for property managers based in the US as well as Canada…. Read More