Canada

October 8, 2019 @ 8:00 pm By Cali Haan  |  

Jennifer Robertson, widow of deceased QuadrigaCX founder Gerald Cotten, has disclosed that she will be turning over the “vast majority” of her assets to the Quadriga estate so they may be used to partially compensate users who lost funds when Quadriga collapsed. In a letter… Read More

October 8, 2019 @ 9:07 am By Samantha Hurst  |  

Canadian fintech Mogo Finance Technology announced on Tuesday it has formed a partnership with goeasy Ltd. (TSX:GSY)  to provide Canadians with personal loans up to $15,000 with terms of up to 5 years, all available quickly and conveniently from a mobile device using the Mogo app. According… Read More

October 8, 2019 @ 8:17 am By Omar Faridi  |  

Vista Equity Partners might reportedly sell a 50% stake in $10 billion Fintech outfit Finastra, according to Bloomberg. Finastra was established in 2017 when Vista acquired Canadian firm D+H and merged it with London-headquartered Misys, another Fintech company owned by Vista. The merger helped establish… Read More

October 7, 2019 @ 9:00 pm By JD Alois  |  

Last week, the Alberta Securities Commission (ASC) adopted a “Blanket Order” for “Startup Crowdfunding Registration and Prospectus Exemptions.” In effect, the ASC was seeking to improve access to capital for smaller firms – a good thing- but the move also highlights the disparity between the… Read More

October 4, 2019 @ 11:47 am By JD Alois  |  

Slice Labs, an “on-demand Insurtech, has partnered with Duuo, another on-demand insurance brand to provide” Event and Rent-My-Stuff insurance offerings.” Duuo is part of the Co-operators Group Limited, a Canadian co-operative with more than $41.7 billion in assets under administration. Duuo is using the “Slice… Read More

October 2, 2019 @ 5:34 pm By JD Alois  |  

It has been a big week for enforcement actions at the Securities and Exchange Commission (SEC). Beyond the routine fraud cases, the SEC Division of Enforcement has announced settlements with several high profile initial coin offerings (ICO). Today, the Plexcoin ICO landed squarely in the… Read More

October 2, 2019 @ 3:31 pm By JD Alois  |  

The Alberta Securities Commission (ASC) has adopted a “Blanket Order” for Startup Crowdfunding Registration and Prospectus Exemptions. The new rule is described as removing “unnecessary barriers to financing, and better facilitate access to capital for start-ups and other small businesses.” The ASC states that both… Read More

October 1, 2019 @ 10:46 am By Samantha Hurst  |  

Global financial institution, Royal Bank of Canada (RBC), announced on Tuesday it has rolled out mobile enhancements specifically for small business owners. According to RBC, the enhancements will help business owners receive financial insights and allow them to manage their business financials. While sharing more… Read More

September 27, 2019 @ 2:08 pm By Samantha Hurst  |  

Canada-based fintech and global digital investing service, Wealthsimple announced this week it has acquired SimpleTax, a Canadian web-based tax preparation service. According to Wealthsimple, both companies aim to further their joint mission of making financial tools simple and accessible to everyone. “The acquisition marks Wealthsimple’s… Read More

September 23, 2019 @ 8:12 pm By Cali Haan  |  

Two individuals who requested anonymity are claiming that Kik has begun disbanding the Isreali subsidiary responsible for running its messaging app, CalcalistTech reports. According to the outlet: “The company is moving all the app’s users to alternative platforms…The 70 employees of Kik’s Israeli cryptocurrency subsidiary… Read More

September 20, 2019 @ 3:35 pm By JD Alois  |  

Last night, Seedrs, a leading UK based investment crowdfunding platform, held its inaugural alumni awards in recognition of their growing number of successfully crowdfunded companies. Over the years Seedrs has supported more than 590 businesses raise much-needed growth capital. Simultaneously, the very public process has… Read More

September 18, 2019 @ 8:24 am By JD Alois  |  

InstaReM a payments and money transfer Fintech has launched its services in Canada. InstaReM is one of the largest digital cross-border payments providers globally, with regulatory licenses in eight markets and covering 40 countries, reaching 3.2 billion people in developed and developing countries. In Canada,… Read More

September 11, 2019 @ 4:44 pm By JD Alois  |  

Canada’s first peer to peer lending platform for SMEs, Lending Loop, has topped CDN $50 million in loans, according to a post by Brendon Vlaar, co-founder and CTO of the company. Lending Loop provides investment opportunities in debt-based securities to both accredited and non-accredited investors…. Read More

September 8, 2019 @ 10:20 pm By Samantha Hurst  |  

Blink, part of Leeds headquartered CPP Group Plc, recently announced it has teamed up with Canadian travel insurance group Manulife to support the roll-out of real-time insurance services. CPP claimed that since its inception in 2016, Blink has quickly established itself as one of the most… Read More

September 6, 2019 @ 2:43 pm By Samantha Hurst  |  

goeasy Ltd. (TSX: GSY), a provider of financial services for non-prime Canadians, announced earlier this week it has formed a new partnership and invested in PayBright, a Canadian fintech platform focused on instant point-of-sale consumer financing and installment payment plans. goeasy reported that through the… Read More

September 5, 2019 @ 11:46 am By JD Alois  |  

Hyperion Technologies has acquired “two blockchain technology products” developed by Vanbex Labs, according to a release. Hyperion is a “digital token marketplace to issue & trade security tokens alongside traditional cryptocurrencies.” Vanbex is a blockchain consulting firm and development platform that has recently endured several… Read More

September 3, 2019 @ 6:30 am By Cali Haan  |  

Scammers in the Canadian city of Winnipeg have been stealing Bitcoins from Bitcoin ATM customers using a simple poster hung near the kiosk. According to the Winnipeg police department: “Posters have been located on or next to Bitcoin ATMs informing users the Bitcoin ATMs are… Read More

August 29, 2019 @ 9:26 pm By Cali Haan  |  

Vanbex principles Lisa Cheng and Kevin Hobbs, chief architect Brian Onn, developer Jeffery Walsh and TD bank have been named in a class action suit filed in the Supreme Court of British Columbia August 26th by two BC residents who say the lost $30 000… Read More

August 27, 2019 @ 6:27 pm By Cali Haan  |  

Two young men from Surrey, a suburb of Vancouver, have been charged with wire fraud, money laundering and aggravated identity theft after allegedly conning an Oregon woman out of bitcoins worth $233,220 USD at current prices. Between October 2017 and August 2018, Karanjit Singh Khatkar,… Read More

August 23, 2019 @ 10:35 pm By Samantha Hurst  |  

iCASH, a Canada-based fintech platform, announced on Thursday after three years of lending operations, it has surpassed $100 million in consumer loans. Launched in 2016, iCASH stated it is focused on helping Canadian consumers “address their cash flow needs” by paying more attention to their… Read More