Canada

July 10, 2019 @ 2:11 pm By Samantha Hurst  |  

Royal Bank of Canada (RBC) announced on Wednesday it has acquired WayPay, a cloud-based payments fintech that offers business clients a best-in-class solution for accounts payable automation and payment optimization. RBC reported: “Many businesses are already planning the transition from paper cheques as manual reconciliation is… Read More

July 10, 2019 @ 7:49 am By JD Alois  |  

d1g1t has raised CDN $ 3 million from Illuminate Financial Management as part of an extension of their Series A funding round, according to a release. In total, d1g1t has now raised CDN $ 12 million. Illuminate is a specialist VC fund focused on enterprise… Read More

July 8, 2019 @ 2:54 pm By Samantha Hurst  |  

Sensibill, a Canada-based fintech startup, announced on Monday it secured $31.5 million through its Series B funding round, which was led by AI-focused venture fund Radical Ventures. Founded in 2013, Sensibill notably works with global financial institutions to solve their customers’ point of management receipt… Read More

July 7, 2019 @ 7:00 pm By JD Alois  |  

Reg CF (Regulation Crowdfunding) is a unique securities rule that allows companies to raise up to $1.07 million from both accredited or non-accredited investors. Created by the JOBS Act of 2012, Reg CF is the smallest of the three online capital formation exemptions. Reg D… Read More

July 3, 2019 @ 8:54 am By Samantha Hurst  |  

Canadian cryptocurrency platform Coinsquare announced on Tuesday it has obtained controlling investment for fintech software provider, Just Cash. According to Coinsquare, Just Cash’s software enables any ATM to sell cryptocurrency to customers and allows customers to purchase cryptocurrency through the traditional ATM process without disrupting the… Read More

July 2, 2019 @ 1:30 am By Cali Haan  |  

Cryptomines across the globe have been running into trouble for the large volumes of power they consume while producing relatively few jobs. According to Bloomberg, Iranian media have reported that authorities in Iran recently cut power to and seized mining equipment from several cryptomining facilities… Read More

June 22, 2019 @ 12:00 pm By Cali Haan  |  

Fiduciary and operational incompetence have been a matter of record since news emerged that Gerald Cotten, CEO of the Canadian cryptocurrency trading platform QuadrigaCX, died without giving anyone password access to $215 million CAD of user cryptocurrencies he ostensibly kept in cold wallet storage devices…. Read More

June 21, 2019 @ 9:48 pm By Samantha Hurst  |  

Canadian fintech Mogo Finance Technology announced on Friday it has completed the business combination and formation with Difference Capital. Mogo reported that under the arrangement, it was combined with a wholly-owned subsidiary of Difference and each Mogo common share outstanding immediately prior to the Arrangement, other… Read More

June 17, 2019 @ 8:57 am By JD Alois  |  

Security token issuance platform Polymath has formed a partnership with Regtech Blockpass. According to a release, Hong Kong-based Blockpass will now provide client onboarding services surrounding customer identification or KYC. Globally, having a solid KYC process is vital for any digital asset issuer. The two… Read More

June 16, 2019 @ 9:04 pm By JD Alois  |  

SigOne Capital says it is now offering a full suite of crpto trading services for the institutional/HNW investor. The OTC service says they are now offering OTC trading through voice, API & web portal along with a lending desk to borrow and lend crypto. SigOne… Read More

June 14, 2019 @ 10:34 pm By Samantha Hurst  |  

Canadian fintech Mogo Finance Technology announced earlier this week it has formed a new partnership a new program with Trans Global Insurance to help customers of home furnishing retailer The Brick understand and combat identity fraud.  Mogo reported that customers of The Brick who enroll in… Read More

June 14, 2019 @ 7:47 am By JD Alois  |  

Money management app Emma has launched in the United States and Canada crossing the Atlantic to offer its services to a far wider audience. The UK based Fintech said the launch comes after partnering with Plaid, an account aggregation platform. Emma is an app that… Read More

June 13, 2019 @ 7:48 am By Samantha Hurst  |  

Billtrust, a fintech firm focused on B2B payment cycle management, announced on Wednesday that B2B payments processor and commercial card issuer, Comdata, has joined Business Payments Network (BPN), enabling their 30,000 buyer customers to send payments to suppliers on BPN. Billtrust reported that through the… Read More

June 12, 2019 @ 10:05 am By JD Alois  |  

SME financial software platform Wave has been acquired by H&R block for a solid CDN $537 million, according to a blog post on their site. The Canada based firm is also an OurCrowd portfolio company and represents a series of big exits for the crowdfunding… Read More

June 11, 2019 @ 7:33 am By JD Alois  |  

Nasdaq has partnered with CryptoCompare to launch a new cryptocurrency pricing product: the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices. The new product will be available on the Quandl platform, a wholly owned subsidiary of Nasdaq, headquartered in Toronto, that provides alternative data for financial professionals. Quandl… Read More

June 10, 2019 @ 9:57 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial announced on Monday it has completed its acquisition of RPM Technologies, a Canadian wealth management technology provider. Broadridge revealed it was acquiring the company last month for approximately $300 million. Broadridge stated at the time: “Building on Broadridge’s strong Canadian Wealth Management… Read More

June 7, 2019 @ 6:54 am By Cali Haan  |  

Police in Vancouver have reportedly called Bitcoin ATMs “an ideal money-laundering vehicle” and have asked for federal legislation, and the mayor of Vancouver, the first city in the world to host a Bitcoin ATM, has now floated the idea of a ban, The Star reports…. Read More

June 5, 2019 @ 10:35 am By Samantha Hurst  |  

KOHO, a fintech startup that offers Canadians an alternative to traditional banking, announced on Wednesday the launch of its new cashback program. This news comes just weeks after Koho successfully secured $42 million through its Series B funding round. As previously reported, Koho stated with… Read More

June 4, 2019 @ 3:58 pm By Cali Haan  |  

The US Federal Bureau of Investigation (FBI) is seeking information from investors who lost money when the Canadian cryptocurrency trading platform QuadrigaCX fell apart late last year. Individuals with questions or concerns about the failed exchange or who believe they were a victim in the… Read More

June 2, 2019 @ 2:24 pm By JD Alois  |  

Cannabis company BOL Pharma (Breath of Life International) is preparing an initial public offering on the Toronto Stock Exchange (TSX). This is according to a company release and a preliminary prospectus filed in Canada. It was reported that BOL will have a valuation of around… Read More