Canada

February 1, 2017 @ 10:24 am By Samantha Hurst  |  

On Monday, crowdfunding giant Kickstarter announced it not only acquired interactive life-video platform, Huzza, it has also opened its first international office located in Vancouver, Canada. While sharing details about the acquisition, the Kickstarter team stated: “Huzza was founded in 2015 by two talented entrepreneurs — Justin Womersley… Read More

January 30, 2017 @ 11:35 am By Samantha Hurst  |  

Canadian fintech company MOBI724 Global Solutions Inc. (CSE: an equity privateMOS), announced on a private equity it closed placement in the aggregate amount of $553,000 by issuing 4,608,333 common shares (“Shares”) at $0.12. For each common share received, the subscribers were issued one common share… Read More

January 24, 2017 @ 11:59 am By Samantha Hurst  |  

Canada fintech firm Goldmoney Inc. (TSX: XAU) announced on Monday its Network accounts and Wealth Holdings have been endorsed as Shariah-compliant by the Shariah Supervisory Board of Amanie Advisors. The company stated that Islamic investors may now instantly purchase, save, and transact in gold globally… Read More

January 24, 2017 @ 8:38 am By Samantha Hurst  |  

On Tuesday, Equifax Canada (NYSE: EFX) announced it officially launched the first phase of a new multi-million dollar technology platform, which will provide Canadian financial institutions with insights to help them understand their customers’ needs and motivations. According to Equifax Canada, the new platform will… Read More

January 12, 2017 @ 10:54 am By Samantha Hurst  |  

Fineqia International Inc. (CSE: FNQ) (OTCPink: FNQQF) (Frankfurt: FNQA) announced on Thursday its CEO, Bundeep Singh Rangar, is set to join the NCFA’s Advisory Board as an advisor of global debt markets. According to Fineqia, Rangar has over 20 years’ combined experience in finance, banking, consultancy,… Read More

January 11, 2017 @ 6:42 pm By Jessica Pham  |  

In addition to Asia’s steady to accelerated growth in the fintech sector, we can now add Canada’s success in the industry.  According to a Reuters report, Canada’s fintech companies saw last year their highest levels of VC-backed investments in nearly two decades.  This occurred even… Read More

January 10, 2017 @ 1:44 pm By Samantha Hurst  |  

On Tuesday, Canadian fintech platform, WealthBar, announced it surpassed $100 million in online investments. This announcement comes just as WealthBar completes its second year in business. The platform stated that during its two-year run its clients saved approximately $1.3 million annually in fees when compared to… Read More

January 10, 2017 @ 6:11 am By Erin Hobey  |  

“Together we can create it all. Crowdfunding helps to bring us together,” stated Jason Butcher. The National Crowdfunding Association of Canada (NCFA Canada) tapped Parallel Payments founder Jason Butcher to join its Association’s Crowdfunding Ambassadors Program. Crowdfunding Ambassadors, leaders, educators, supporters and advocates of an inclusive and broad-based crowdfunding industry… Read More

December 28, 2016 @ 10:41 am By Samantha Hurst  |  

MOBI724 Global Solutions Inc., (CSE: MOS), a Candian fintech startup that offers an all-in-one fully integrated EMV payment, card link couponing, and digital marketing system, announced on Tuesday it closed a third tranche equity private placement in the aggregate amount of $167,500 by issuing 3,350,000… Read More

December 23, 2016 @ 9:12 am By Samantha Hurst  |  

Fintech company Goldmoney Inc. (TSX: In additionXAU) announced this week it is collaborating with the Royal Canadian Mint. Users of Goldmoney’s platform may now add their Royal Canadian Mint balance to a Mastercard Prepaid card provided by Goldmoney or bank account in local currency. According to… Read More

December 14, 2016 @ 11:08 am By JD Alois  |  

The National Crowdfunding Association of Canada (NCFA) has published a report on the status of crowdfunding and other forms of alternative finance including online lending. The research was said to become an annual project; “This is the inaugural report of NCFA’s annual exercise in providing… Read More

November 18, 2016 @ 12:00 pm By Samantha Hurst  |  

Earlier this week, Canadian audio technology company Mass Fidelity returned to global crowdfunding platform Indiegogo to raise $50,000 for its new wireless multi-room speaker system, raD. Within a matter of days, the project not only secured its initial funding target, but it has also since… Read More

November 8, 2016 @ 11:27 am By Samantha Hurst  |  

Flexiti Financial, a Canada-based provider of point-of-sale (POS) financing and payment technology for retailers announced last week it raised $5 million during a Series A funding round, which reportedly included follow-on funding by Globalive Capital. Peter Kalen, founder and CEO of Flexiti Financial, stated: “Flexiti Financial’s mission is… Read More

November 8, 2016 @ 9:16 am By Erin Hobey  |  

Equifax Canada (NYSE: EFX) has partnered with MaRS Discovery District, a Toronto-based innovation hub.  MaRS supports promising young ventures tackling key challenges in the health, cleantech, finance & commerce, and work & learning sectors. As a new corporate partner for MaRS’ FinTech Cluster, Equinox hopes to increase its participation… Read More

November 7, 2016 @ 6:01 pm By Jessica Pham  |  

Katipult, cloud-based software infrastructure that allows firms to design, setup, and manage an Investment Crowdfunding, Peer 2 Peer Lending, or Investor Management platform has been recognized as Canada’s most innovative fintech company.  In a blog post Katipult explained their mission; “Private capital markets are plagued with… Read More

November 3, 2016 @ 10:29 am By Erin Hobey  |  

Under a new agreement, fintech companies in Australia and Ontario will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market. Signed in Toronto this week, the Australian Securities and Investments Commission… Read More

November 1, 2016 @ 8:37 pm By JD Alois  |  

The Ontario Securities Commission (OSC) is joining a growing roster of global securities regulators to acknowledge the shifting environment of finance and the need to better understand Fintech innovation. The OSC is now seeking applications for a Fintech Advisory Commmittee (FAC) that will advise staff… Read More

November 1, 2016 @ 4:59 am By Erin Hobey  |  

BMO Financial Group CEO Bill Downe today announced that Frank Techar is appointed Vice-Chair, BMO Financial Group, effective today;  Techar is currently the COO. Darryl White will succeed Techar as COO, BMO Financial Group, according to a release. During his 22 years with BMO Financial Group… Read More

October 31, 2016 @ 2:37 pm By JD Alois  |  

The Alberta Securities Commission (ASC) has adopted Multilateral Instrument 45-108 Crowdfunding (MI 45-108). The new rule is actionable immediately and introduces a crowdfunding prospectus exemption for issuers as well as a registration framework for funding portals. The ASC Stated the implementation of MI 45-108 follows… Read More

October 30, 2016 @ 12:12 pm By JD Alois  |  

The National Crowdfunding Association of Canada (NCFA Canada) recently held its annual event in Vancouver. VanFUNDING 2016 incorporated a “pitching showcase” and the winning companies were: ChatterHigh, Glance, My Green Space and Starling Minds. VanFUNDING was created to be all about boosting online and alternative… Read More