Canada

August 23, 2016 @ 11:24 am By Erin Hobey  |  

Financeit today announced the launch of Financeit Direct, a direct-to-consumer financing platform. available 24/7 from any location on any device. Aiming to streamline point-of-sale financing which has traditionally been a complicated and paperwork-heavy process only accessible to large merchants, Financeit Direct is mobile-enabled and fully paperless…. Read More

August 22, 2016 @ 4:00 pm By JD Alois  |  

  Last week Crowdfund Insider interviewed Sandi Gilbert, CEO and co-founder of SeedUps Canada, on the convoluted regulatory environment established in Canada. The article was in part a follow-up to an earlier article that described the rule-making approach in Canada as Dead in the Water…. Read More

August 22, 2016 @ 1:33 pm By Samantha Hurst  |  

RED Mountain Resort, one of the Western Canada’s oldest resorts, announced it was launching its very own “Testing the Waters” (TTW) campaign on equity crowdfunding platform StartEngine this Tuesday (August 23rd).  Sharing details about the resort RED CEO, Howard Katkov, stated: “RED started as a ski club… Read More

August 19, 2016 @ 2:57 pm By JD Alois  |  

  A few weeks back Crowdfund Insider published an article on the regulatory environment in Canada that labeled new crowdfunding securities exemptions as “Dead in the Water“.  In brief, regulators in multiple provinces have enacted rules that were ostensibly created to foster entrepreneurship and access… Read More

August 16, 2016 @ 1:21 pm By Samantha Hurst  |  

Lendified Holdings, Inc. (Lendified), a Canadian-based lending technology company, announced on Tuesday it received a $20 million credit facility from Liquid Capital Corporation to support the growth of its Canadian small business lending activities.  The online lender, which launched in early 2015, currently provides small businesses… Read More

August 12, 2016 @ 8:34 am By Bret Conkin  |  

So you want to start a Crowdfunding Portal…. Crowdfunding and Fintech in general are demonstrating dramatic growth due to many factors including the growth of the sharing economy, technology innovations and the liberalization of securities regulations in the US and Canada. A sure indicator of… Read More

July 27, 2016 @ 10:34 pm By JD Alois  |  

  Canada is the second largest country in the world by land mass and the 10th largest economy by nominal GDP. At around 35 million in total population, Canada is a country that has consistently punched above its weight class economically. The extensive border with… Read More

July 27, 2016 @ 10:42 am By JD Alois  |  

The Alberta Securities Commission (ASC) in Canada has published two initiatives designed to facilitate capital-raising for SMEs. First, the ASC has adopted ASC Rule 45-517 Prospectus Exemption for Start-up Businesses (ASC Rule 45-517). Immediately available, the new rule provides a prospectus exemption for small Alberta companies… Read More

July 22, 2016 @ 3:33 pm By JD Alois  |  

Jump On Flyways has inked a partnership with NewLeaf, a Canadian discount airline, a nice validation of their business. Jump On Flyways was the first offer funded on SeedUps Canada several years back. Jump On Flyways will provide technology to allow potential airline passengers to… Read More

June 9, 2016 @ 2:28 pm By Erin Hobey  |  

Like many other large banks, Royal Bank of Canada is now syncing with rising Silicon Valley fintech talent to better position itself with the ever dynamic fintech sector, RBC Vice President of Innovation Gabriel Woo shared with Reuters,  and launched an Innovation Lab in Silicon Valley. The bank has opened similar… Read More

June 7, 2016 @ 2:14 pm By Samantha Hurst  |  

Nearly three years after launching its crowdfunding platform in the country of Canada, Kickstarter unveiled its current favorite Canadian projects. In September of 2013, the funding portal revealed its excitement of the Canadian launch by declaring: “We’re thrilled that Kickstarter is now available to creators in Canada…. Read More

May 24, 2016 @ 9:04 am By Samantha Hurst  |  

On Tuesday, Online lender to SMEs, OnDeck (NYSE:ONDK) announced it was expanding lending Canada’s small businesses by including a line of credit up to CAD$50,000 and loan term up to CAD$250,000 to help meet the growing needs of the country’s 1.1 million small businesses. In… Read More

May 19, 2016 @ 9:34 am By Samantha Hurst  |  

KoreConX, a free all-in-one solution that is disrupting the market by helping companies navigate the equity crowdfunding process and reduce risk, announced on Thursday that it is helping various Canadian equity and debt crowdfunding platforms accept new investments by credit card. The company revealed that Canada is… Read More

May 16, 2016 @ 12:55 pm By Erin Hobey  |  

  Caps off to Title III!  As promised, WeFunder understood the potential of Reg CF and its opportunities for capital formation and entrepreneurship.  Operating an accredited crowdfunding platform since the fall of 2013 and then adding Reg A+ last year, Wefunder has helped fund 110 companies with over… Read More

May 6, 2016 @ 6:47 pm By JD Alois  |  

Radisson Mining Resources, a Quebec-based mineral exploration company, has closed the first tranche of a crowdfunding round on mining centric Red Cloud Klondike Strike. The gross proceeds were said to be just over $400,000. The net proceeds of the offering will be used for exploration and… Read More

May 5, 2016 @ 11:54 am By Erin Hobey  |  

Online small business lending platforms OnDeck (NYSE: ONDK), Kabbage and CAN Capital – today announced the formation of the “Innovative Lending Platform Association,” which will focus on advancing small business online lending education, advocacy, and best practices.  Together the three founding companies have provided access to… Read More

April 21, 2016 @ 11:38 am By Erin Hobey  |  

BMO Financial Group wants to ensure that the next big idea gets the support needed to ensure the idea come to fruition and will ultimately benefit Canadian consumers. By partnering with the DMZ at Ryerson University, one of Canada’s largest business incubators, BMO hopes to identify innovative minds geared toward… Read More

April 15, 2016 @ 10:21 am By Erin Hobey  |  

Montreal-based FinTech company Mobeewave has launched its mobile P2P payment application PayMeTap to people across Canada. This free application allows users to securely accept a payment by tapping their phone with a credit card. Available for Android in the Google Play Store, PayMeTap aims to enable… Read More

March 31, 2016 @ 9:16 am By Erin Hobey  |  

Canada’s growing fintech space saw online lending platform, Lendified Inc., join forces with Vancouver-based Mentio Technologies, a platform specializing in automated cash flow forecasting. For Lendified, which offers online loans to Canadian small business owners, the acquisition marks an expansion into global markets as Mentio’s multi-currency technology serves customers… Read More

March 29, 2016 @ 3:23 pm By Samantha Hurst  |  

On Friday, Canada-based startup North Aware closed its widely popular crowdfunding campaign for its jacket, Smart Parka. It secured a total of $3,257,695CAD from 8,805 backers and became the most funded Canadian initiative on the crowdfunding platform.  There are 4 different styles of the parka for the ladies and… Read More