Canada

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

June 23, 2021 @ 7:32 pm By Tony Zerucha  |  

Voice, data and messaging solutions provider Cloudli Communications, has acquired Omnivigil Solutions, a Quebec-based provider of cloud PBX, mass notification and call center solutions. The deal allows Cloudli to grow its customer base while simultaneously expanding its product offerings such as contact center, CRM and… Read More

June 23, 2021 @ 6:54 pm By Tony Zerucha  |  

Oasis Pro, a US-regulated alternative trading system (ATS) that allows users to trade and pay for digital securities with digital cash, is the newest node operator on Polymesh, a security token-focused blockchain being built by Polymath that is currently in its testnet phase. This move… Read More

June 23, 2021 @ 4:44 pm By Tony Zerucha  |  

The Ontario Securities Commission (OSC) has issued an exemption order which allows a Canadian platform to offer tokenized production financing opportunities. The decision was issued after the OSC’s LaunchPad team reviewed the proposal to ensure investors will avoid lengthy waits before monetizing their investment. Armed… Read More

June 23, 2021 @ 11:17 am By JD Alois  |  

Canada has long held a fragmented approach to online capital formation where securities crowdfunding is regulated at the provincial level. Obviously, this creates unnecessary friction to an emerging sector of Fintech that facilitates capital formation for early-stage ventures. Today, the Canadian Securities Administrators (CSA) has… Read More

June 22, 2021 @ 1:38 pm By Tony Zerucha  |  

The Canadian e-commerce market grew by 75 percent in 2020, the second-fastest rate in the world, data from eMarketer shows. The stat is one of several describing robust growth for Canadian e-commerce, which for the first time in 2020 made up more than 10 percent… Read More

June 17, 2021 @ 7:32 pm By Tony Zerucha  |  

One in seven Canadian adults own cryptocurrency, new data from finance website Finder reveals. That equates to roughly 4.2 million people. On a list of 26 countries, Canada ranks 19th, well ahead of the USA (nine per cent) and the UK (eight per cent). They… Read More

June 16, 2021 @ 11:47 pm By Tony Zerucha  |  

TrustSwap, a full-service digital asset ecosystem, this week acquired The Crypto App, a cryptocurrency mobile app featuring tracking services from more than 3,000 cryptocurrency assets and 100-plus exchanges. Since its debut in 2017, The Crypto App has close to two million downloads and more than… Read More

June 9, 2021 @ 3:47 pm By Omar Faridi  |  

Canada’s Trulioo, a global identity and business verification solution provider, recently revealed that it has finalized a $394 million Series D round at a $1.75 billion valuation. Trulioo‘s latest investment round was led by TCV, an established growth equity company, along with contributions from existing… Read More

June 6, 2021 @ 12:30 pm By Omar Faridi  |  

GreenSky Capital Inc. recently revealed that it has finalized its fourth affiliated venture fund, the GreenSky Accelerator Fund IV, LP. The Fund reportedly has $15 million to invest in Canada‘s early-stage tech firms. The Fund’s limited partners are “composed of a network of private Canadian… Read More

June 4, 2021 @ 1:23 am By Omar Faridi  |  

Payfare Inc. (TSX: PAY), a global Fintech firm supporting digital banking and instant payment solutions, has hired Kamran Haidari to serve as its Chief Technology Officer and Braulio Lam will be responsible for leading product innovation and development as the firm’s Chief Product Officer. As… Read More

June 2, 2021 @ 10:11 pm By Omar Faridi  |  

Canada’s Clik2pay, a near-real-time bill payments service, was recently introduced during the Payments Canada SUMMIT, together on stage with the nation’s leading businesses. Leveraging the Interac e-Transfer service and provided via the Peoples Trust Company, which is part of the People’s Group, the new Clik2pay… Read More

June 1, 2021 @ 11:00 pm By JD Alois  |  

Flexiti, a point of sale lender, has announced that following a new agreement it is now the largest point of sale lender in Canada. Announced in a corporate release, Flexiti said that it has become the exclusive Fintech lender with the LFL Group (TSX: LNF)… Read More

June 1, 2021 @ 1:47 pm By Samantha Hurst  |  

  Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) a Canada-based digital payments and financial technology company, announced on Tuesday it is set to acquire additional 2.0% of the outstanding common shares of cryptocurrency platform, Coinsquare.  The acquisition was announced just a little over a month after Coinsquare… Read More

May 18, 2021 @ 2:56 pm By Samantha Hurst  |  

  BuyProperly, a Canada-based real estate investing platform, announced on Tuesday it raised $2 million through its latest investment round, which was led by Nurture Ventures with follow-on participation from FastBreak Ventures and notable angel investors. Founded in 2019, BuyProperly describes itself as an online marketplace… Read More

May 17, 2021 @ 3:09 pm By Samantha Hurst  |  

    Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) a Canada-based digital payments and financial technology company, announced on Monday it is set to acquire Fortification Capital Inc., a Canadian registered investment dealer. According to Mogo, the acquisition will bring order execution only (OEO) registration capabilities, which… Read More