Canada

July 20, 2021 @ 5:24 pm By Tony Zerucha  |  

Canadian VC firm ThreeD Capital, which invests in junior resources and disruptive technologies, has invested $400,000 in DeFi Yield Technologies, developers of a proprietary automated yield engine for decentralized finance that leverages different DeFi protocols and strategies to increase diversification, maximize yield, while minimizing exposure… Read More

July 20, 2021 @ 6:00 am By JD Alois  |  

Coinsquare, a cryptocurrency trading platform, has announced a new CEO.  Former Tradelogiq executive Martin Piszel will succeed Stacey Hoisak who will assume a new role as President and Chief Legal Officer. Piszel will also join the Coinsquare Board of Directors. Based in Toronto, Coinsquare is registered… Read More

July 19, 2021 @ 2:25 pm By Omar Faridi  |  

A new industry report, published by Trulioo, the global identity verification firm, and One World Identity, looks at the “nuances” of digital identity verification. As noted in a release shared with Crowdfund Insider: “In particular, it explores how adopting a consumer-centric and layered approach to… Read More

July 16, 2021 @ 2:51 pm By Omar Faridi  |  

A panel of the Ontario Securities Commission (OSC) confirms that it has approved a settlement agreement with Vantage Global Prime Pty Ltd (VGP) and Vantage International Group Ltd (VIG) for selling contracts for difference (CFDs) to Ontario investors in an improper manner. The settlement agreement… Read More

July 15, 2021 @ 3:03 pm By Tony Zerucha  |  

As consumers begin to emerge from their pandemic cocoons, they better closely manage their spending to avoid falling into a credit crunch, Canadian fintech Borrowell said. The company said the potential surge in “revenge spending” could hurt consumer credit scores if they become overly reliant… Read More

July 12, 2021 @ 7:22 pm By Omar Faridi  |  

The Canadian Imperial Bank of Commerce (CIBC) (TSE: CM), a multinational banking and financial services corporation headquartered in Toronto, Ontario, has entered a multi-year deal to use Microsoft Azure as its main Cloud platform. The partners noted in the announcement that Microsoft Azure should help… Read More

July 10, 2021 @ 11:27 am By Omar Faridi  |  

Toronto-headquartered Clearco — which was previously doing business as Clearbanc — has secured $215 million in growth equity through a round that was recently led by the SoftBank Vision Fund 2. The firm is now focused on its global expansion efforts. Established in 2015, the… Read More

July 7, 2021 @ 5:16 pm By Tony Zerucha  |  

The Securities and Exchange Commission has charged a trader at a Canadian-based asset management firm in an extensive front-running scheme that netted family members close to $4 million. For more than six years Sean Wygovsky allegedly traded in his family members’ accounts at brokerage firms… Read More

July 1, 2021 @ 5:29 pm By Omar Faridi  |  

Real asset fundraising figures have “lagged recently,” with fundraising during the past 4 quarters reaching its lowest levels since “late 2012,” according to a new report from Pitchbook. As noted in the report from Pitchbook, infrastructure has managed to continue attracting considerable funding, meanwhile, the… Read More

July 1, 2021 @ 4:11 pm By Tony Zerucha  |  

Cryptocurrency finance service provider Amber Group has raised $100 million in Series B funding from China Renaissance Group, Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, A&T Capital, Sky9 Capital, DCM Ventures, Gobi Partners, as well as existing investors Pantera Capital, Coinbase Ventures,… Read More

June 30, 2021 @ 7:54 pm By Tony Zerucha  |  

Crypto app developer and business software provider Epazz Inc. today pledged to release its StreamPay Blockchain Smart Contract app by the fourth quarter.  The app allows companies to monitor supply chains for fraud by using blockchain technology to trace products from their original components through the… Read More

June 30, 2021 @ 7:17 pm By Tony Zerucha  |  

Purpose Investments today launched the HANetf S&P Global Clean Energy Select HANzero UCITS ETF, a European exchange-traded fund incorporating carbon offsetting. The fund, now trading on the London Stock Exchange and the Deutsche Boerse under the ticker ZERO, is available through Purpose’s partnership with HANetf,… Read More

June 30, 2021 @ 5:35 pm By Omar Faridi  |  

Canada- based Caary Capital, a Fintech firm focused on assisting SMEs, has secured $4.1 million through a seed equity round. As noted by the company: “CAARY is a Digital lending and payments platform targeting the SME space including startups. Through our platform and the partnerships… Read More

June 27, 2021 @ 11:42 am By Omar Faridi  |  

Digital asset exchange Binance will reportedly stop offering services in Ontario, Canada after the local government decided to launch a regulatory crackdown on crypto-related businesses. Binance’s management confirmed on Friday (June 25, 2021) that all Ontario-based customers need to close out their active positions by… Read More

June 26, 2021 @ 7:10 am By Omar Faridi  |  

NEM Ventures has expanded its early-stage ecosystem after the launch of Symbol. As mentioned in a release shared with Crowdfund Insider, the NEM Ignite Incubator Program is now preparing promising or high-potential blockchain startups for market entry on Symbol. NEM Ventures, which is the VC… Read More

June 25, 2021 @ 5:54 pm By Omar Faridi  |  

Payfare (TSX: PAY) reveals that it will be integrating Mastercard Send into its financial technology platform. This should allow the Fintech firm to expand its real-time payment options for the fast-evolving gig economy. Payfare, which powers virtual banking and instant payout solutions for leading on-demand… Read More

June 25, 2021 @ 2:37 pm By Omar Faridi  |  

d1g1t Inc., the provider of an enterprise-grade wealth management solution powered by analytics and risk management tools, has finalized a new round of funding worth CAD 16 million (appr. $13 million). d1g1t’s investment round was led by existing investor CI Financial Corp. and included contributions… Read More

June 24, 2021 @ 5:28 pm By Tony Zerucha  |  

A decision by the Canadian Securities Administration on June 23 to harmonize securities crowdfunding rules could be a huge blessing for Canadian business. On June 23 the Canadian Securities Administrators (CSA) introduced National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions.  According to Canadian online… Read More

June 23, 2021 @ 8:37 pm By Omar Faridi  |  

The Ontario Securities Commission (OSC) announced on June 21, 2021 that it has taken action against “non-compliant” international cryptocurrency trading platform, Bybit. The OSC released a Statement of Allegations against Bybit Fintech Limited for “failing to comply with Ontario securities law.” Bybit is incorporated in… Read More

June 23, 2021 @ 7:38 pm By Tony Zerucha  |  

Canadian policy group the Public Policy Forum is working with TD Bank Group to increase the financial inclusion of Canadians. The initiative builds on their current collaboration, Brave New Work, which began in 2018. It concludes this week with a virtual conference where its findings… Read More