Canada

June 8, 2017 @ 1:25 am By Jonathan Nieh  |  

According to a recent article on Trustnodes, the Monetary Authority of Singapore, Singapore’s central bank, has successfully digitized their national currency by a creating a token out of the Singapore dollar on Ethereum’s blockchain technology. Phase 1 Complete Last November, MAS announced Project Ubin: a… Read More

June 6, 2017 @ 4:43 pm By JD Alois  |  

Aztec Exchange, a provider of invoice finance products and services, and Canadian EDI provider EDI Gateway, have formed a partnership to deliver Aztec’s e-invoice payment service PayMe (or payme.cloud) to EDI Gateway’s Canadian supplier and corporate clients. PayMe says it is unique in the early… Read More

June 2, 2017 @ 6:30 pm By JD Alois  |  

Beanworks, an accounting automation company whose platform connects mid-sized firms from invoice to payment has closed on a $4.5M Series A funding round. The investment was led by Vancouver Founder Fund and TIMIA Capital. Beanworks’ customizable Fintech platform is designed to empower accounting teams to… Read More

June 2, 2017 @ 2:34 am By Jonathan Nieh  |  

This week, Canadian fintech company Wave, which is based out of Toronto, Ontario, announced it had closed on $32 million CAD (about US $24 million) of funding for its Series D round. The funding was led by investments from the Royal Bank of Canada (RBC) and National… Read More

May 31, 2017 @ 6:15 am By JD Alois  |  

Last year, the National Crowdfunding Association of Canada (NCFA) published their industry-led research in the 2016 Alternative Finance Crowdfunding in Canada report. Their research benchmarked industry growth at 48% from 2013-2015 and predicted the 2016 market volume to be $190 million The NCFA has now… Read More

May 30, 2017 @ 10:39 pm By JD Alois  |  

UK based Fineqia has announced its intent to launch the Beta version of its new investor platform by Canada Day (July 1, 2017). Fineqia is based in the UK. Finequia has partnered with JOI Media’s Katipult crowdfunding platform to launch in Canada. JOI is based… Read More

May 30, 2017 @ 10:17 pm By JD Alois  |  

Dubuc Motors said it would be starting production of its Tomahawk electric car in 2018. Dubuc said the Tomahawk “will be produced in the thousands of units appropriately intended for a niche market within the luxury segment.” Dubuc intends to unveil the production model at… Read More

May 29, 2017 @ 1:17 pm By Barry James  |  

It may be counterintuitive but the research has been done and the results are now in – and it’s as we’ve been saying for almost five years. Fraud in crowdfunding is not just almost non-existent –  so much so as to be hard to measure,… Read More

May 29, 2017 @ 5:23 am By Erin Hobey  |  

The Bank of Canada, along with Payments Canada, R3 and seven commercial banks, today disclosed the results of Project Jasper phase II, an experimental wholesale interbank payment system using digital ledger technology (DLT) which is considered the backbone of cryptocurrencies like Bitcoin. First launched in 2015,… Read More

May 26, 2017 @ 7:05 am By Jonathan Nieh  |  

Instant messaging app Kik is currently developing its own cryptocurrency which it will soon offer for sale to the public, according to an article on CoinDesk. WeChat of the West Dubbed the “WeChat of the West”, Kik was founded in 2009 by a group of… Read More

May 22, 2017 @ 2:40 pm By JD Alois  |  

Decentral has announced that its flagship product, Jaxx , a multi-platform digital currency wallet and exchange, has secured more than 70 new partners and integrations for all things blockchain. Jaxx wants to be the tool that brings digital currencies and digital assets to the masses. “We are bringing together… Read More

May 19, 2017 @ 12:21 pm By JD Alois  |  

futureshare, an alternative finance platform, launched this week offering a service for Canadian homeowners to unlock equity in their homes. Unlike traditional Home Equity Lines of Credit (HELOCs), futureshare will provide immediate cash in return for a percentage of a home’s appreciation in value. futureshare’s online… Read More

May 16, 2017 @ 6:29 am By Erin Hobey  |  

“…crowdfunding is an incredible resource for independent artists and is a powerful way to maintain creative control of our work.” This time of year is filled with graduations and future plans for promising students, artists and songwriters.  Kickstarter covers an interesting earful of projects from songwriter students who… Read More

May 15, 2017 @ 7:58 am By JD Alois  |  

The Toronto Financial Services Alliance (TFSA) says Canada’s financial service relevance is at risk unless the Fintech ecosystem is improved. According to the TFSA, the situation is an imperative if the country wants to grow the region’s market position. TFSA has published a report specifically… Read More

May 12, 2017 @ 6:56 am By Erin Hobey  |  

It’s been a busy few weeks for the Flexiti Financial team, having added its first Advisory Board Members, Diane Brisebois and Rick Padulo last month. The Toronto-based a provider of point-of-sale financing and payment technology for retailers, announced the appointment of Jerome Peeters as Chief Operating Officer (COO) and… Read More

May 9, 2017 @ 12:54 pm By Erin Hobey  |  

The National Crowdfunding Association of Canada has announced the launch of its third Alternative Finance Crowdfunding Survey in Canada for platforms, investors and companies as part of its annual exercise in providing Canadian benchmarks on market size, volume, market activity, platform characteristics, jobs, and key… Read More

May 4, 2017 @ 3:52 am By Erin Hobey  |  

Ameria, a German technology company which develops digital marketing and sales solutions for companies including HARIBO, MediaSaturn and Porsche has synced with Companisto to raise 700€K. Valued at 22,500,000€, Ameria has raised over 518,190€ for 3.02% shared offered from more than 387 investors. The largest investment to date is… Read More

April 30, 2017 @ 9:49 am By Jonathan Nieh  |  

The Toronto Financial Services Alliance (TFSA) released a statement this week welcoming Ontario’s support for the Fintech sector. The announcement by TFSA followed Ontario releasing its budget containing a strategy for advancing Fintech in the region.  The TFSA is a private/public partnership whose goal is to… Read More

April 28, 2017 @ 2:34 pm By Cole Lyons  |  

In an attempt to enhance their understanding of the Fintech industry, the Autorité des marchés financiers (AMF) in Quebec, Canada, has announced the creation of a Fintech Lab. The Fintech Lab, which will be accessible to all AMF employees contributing to the projects of the Fintech… Read More

April 27, 2017 @ 10:25 pm By JD Alois  |  

KPMG has published their most recent Pulse of Fintech covering the global Fintech industry during Q1 of 2017. According to their numbers, global investment in Fintech topped $3.2 billion accross 260 deals the first three months of the year. KPMG says that Fintech investment got… Read More