Canada

July 13, 2020 @ 9:34 am By Samantha Hurst  |  

  Shift Connect, Canada-based global payments and foreign exchange platform, announced on Monday it has formed a new partnership with cross-border payment platform Currencycloud to power its expansion into new territories, which includes the U.S., Europe, and the UK. Through the partnership, Shift Connect will… Read More

July 10, 2020 @ 7:54 am By Samantha Hurst  |  

Senso, a Canadian cloud-based AI platform that enables financial service providers to manage and grow their consumer credit portfolios, has reportedly secured $3 million through its pre-Series A funding round, which was led by Mendoza Ventures and BreakawayGrowth. Founded in 2016, Senso stated it is… Read More

July 6, 2020 @ 10:29 am By Samantha Hurst  |  

  HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (OTCQX: HVBTF) announced on Monday it has ordered 200 Bitmain Antminer S17e 60 Terahash per second (TH/s) SHA 256 mining machines as it continues to scale up to next-generation mining power at its green energy-powered bitcoin mining operation… Read More

June 30, 2020 @ 10:27 am By Omar Faridi  |  

Zero-knowledge proofs (ZKPs) and other cryptographic techniques for enhancing privacy on blockchain networks are still in their early stages of development, according to the central bank of Canada. The reserve bank said that ZKPs may not be integrated into central bank digital currencies (CBDC) just… Read More

June 30, 2020 @ 10:19 am By Samantha Hurst  |  

Global payments platform PayPal (NASDAQ:PYPL) recently announced it has rolled out QR code payments in Canada for small businesses to accept touch-free mobile payments from their customers using the PayPal app. PayPal reported that the new functionality allows customers to buy or sell in-person, safely, and securely… Read More

June 29, 2020 @ 11:53 am By Samantha Hurst  |  

VoPay, a Canada-based payments platform, announced on Monday it has formed a partnership with real-time bank certification service Inverite to deliver its open banking payment solution to more than 285 Canadian financial institutions. VoPay reported that through the partnership, businesses may now offer more consumers… Read More

June 28, 2020 @ 11:30 pm By Samantha Hurst  |  

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) reported it has put into operation its recently acquired 1,090 Bitmain Antminer T17+ 58 Terahash per second (TH/s) SHA 256 mining machines at its green energy-powered bitcoin mining operation in Quebec. “Combined with the recently installed 750 Bitmain Antminer S17+… Read More

June 28, 2020 @ 5:21 pm By Omar Faridi  |  

Calgary-based Fintech firm Helcim has developed and introduced a comprehensive platform to help companies accept payments and conduct business online. Helcim claims that there has been a significant increase in sales. The Canadian Fintech also noted that it will waive monthly fees for using the… Read More

June 24, 2020 @ 11:48 pm By JD Alois  |  

Digital asset trading platform BlockQuake has formed a partnership with Secure Digital Markets (SDM) to provide users 24/7 liquidity in the digital asset marketplace. SDM is a digital asset focused brokerage and trading firm based in Toronto. The company reports relationships with clients in 60+… Read More

June 19, 2020 @ 2:45 pm By Samantha Hurst  |  

Remitr, a Canada-based business payments platform, announced earlier this week the launch of its global business accounts. Remitr claims that its Remitr GBA replaces the “hassle” of cheques and wire transfers or the need to set up a foreign account.  “Remitr Global Business Account (GBA) offers Canadian… Read More

June 19, 2020 @ 1:40 pm By JD Alois  |  

The Very Good Food Company Inc. (CSE: VERY) has completed an initial public offering (IPO) on the Canadian Stock Exchange. Mitchell Scott, CEO of VGF, issued the following statement on the successful listing: “We were very pleased to see investors welcome our company to the… Read More

June 18, 2020 @ 6:39 pm By JD Alois  |  

One Big Crypto Ponzi Scheme Last week the Ontario Securities Commission (OSC) published a report documenting the collapse of QuadrigaCX, a crypto-exchange operated Gerald Cotten who reportedly died taking the crypto exchange to the grave. The review by the OSC staff disclosed that the failure… Read More

June 16, 2020 @ 1:58 pm By Samantha Hurst  |  

  Credit Sesame, a personalized credit service and financial wellness company, announced on Tuesday it has completed its acquisition of Canadian challenger bank STACK. According to Credit Sesame, the acquisition marks the beginning of the company’s international expansion. Credit Sesame and STACK began a partnership in… Read More

June 12, 2020 @ 5:57 pm By Omar Faridi  |  

Canada based Wave Financial, an established provider of financial management software for small business owners and entrepreneurs, has introduced Wave Money, a banking and bookkeeping solution for small companies. Wave Money doesn’t require users to pay banking fees. It has a built-in bookkeeping feature and… Read More

June 10, 2020 @ 3:28 pm By JD Alois  |  

Coinsquare, a Canadian crypto exchange, has responded to the reports regarding a “hack” and data breach that apparently revealed data of 50,000 users. As the story goes, Coinsquare was approached by a reporter at Vice that claimed to have seen a sample of the stolen… Read More

June 9, 2020 @ 7:41 am By Samantha Hurst  |  

    XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Tuesday it has formed a partnership with DCBank to provide an instantly activated and loaded prepaid Mastercard through a cash accepting kiosk. XTM reported that Kiosks will be placed… Read More

June 7, 2020 @ 7:03 pm By Omar Faridi  |  

EQ Bank, the digital platform established by Canada-based challenger bank, Equitable Bank (TSX: EQB and EQB.PR.C), has reportedly surpassed $3 billion in total deposits. The increase in deposits is due to a recent growth in customers, the bank claims. EQ Bank noted that daily sign-ups… Read More

June 6, 2020 @ 2:14 pm By Omar Faridi  |  

Toronto-based Manzil, a Fintech firm that provides halal (permissible for Muslims) financial services and solutions including mortgages, wants to give the public an opportunity to invest in the firm via a private placement conducted on FrontFundr, a Canada based crowdfunding platform. Manzil’s management noted that… Read More

June 5, 2020 @ 3:33 pm By Samantha Hurst  |  

Canada-based point-of-sale financing and payment tech provider Flexiti recently announced it has teamed up with Visions Electronics, a retailer for electronics with locations across Canada, has launched its point-of-sale technology. Flexiti reported its financing solution is now available in all 43 retail locations in addition… Read More

June 4, 2020 @ 9:09 am By Samantha Hurst  |  

WealthyPlanet, a Canada-based online financial planning company, announced on Wednesday it has formed a new partnership with Smart Money Capital Management Inc. (Smart Money Invest) to provide low-cost exchange-traded funds (ETFs) and online investment advice to WealthyPlanet clients. WealthyPlanet describes ETFs as “smart and convenient… Read More