Canada

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

April 27, 2017 @ 4:49 pm By Samantha Hurst  |  

Online lender OnDeck Canada announced on Thursday it has formed a partnership with cloud-based point-of-sales platform for independent retailers and restaurants, Lightspeed. According to the duo, this new partnership will allow Lightspeed users to secure loans through OnDeck’s lending platform and the new offering will… Read More

April 25, 2017 @ 6:59 am By Jonathan Nieh  |  

Last week, ONGO, a mobile payments platform based in Myanmar, announced a strategic partnership with the National Bank of Canada (NBC). According to ONGO’s announcement, NBC acquired a 22% stake in ONGO. The company declined to disclose any other terms of the deal. ONGO is… Read More

April 24, 2017 @ 10:48 am By Samantha Hurst  |  

Equifax Canada announced last week the launch of its Risk Reveal, which is said to help businesses achieve better credit decisions at a faster rate. The fintech company stated that by combining the depth of two credit databases into one solution, the new feature would… Read More

April 20, 2017 @ 4:31 am By Erin Hobey  |  

Flexiti Financial, POS financing and payment technology provider for retailers, announced that Diane J. Brisebois, President and CEO of the Retail Council of Canada (RCC), and Rick Padulo, Chairman and CEO of Padulo Integrated, a multimedia retail communications company, have joined Flexiti Financial as the first… Read More