Canada

Bay Street Cannabis Brings Equity Crowdfunding to the Cannabis Industry

We all vote with our money.  Every dollar spent is a vote for this brand over another, this chain, this item, and it speaks volumes about how we think, what we value, and what we want to do. I often wonder if there’s anything I’d do differently… Read More

Canada’s Luuup Litter Box Shatters Kickstarter Record: Becomes First Pet Product to Surpass $1 Million (CAD)

It’s the puuuurfect gift for any cat lover looking to find relief from constantly cleaning the litter box! Canada’s Luuup Litter Box has become a viral sensation thanks to its highly successful crowdfunding initiative on Kickstarter. According to the campaign’s description, Luuup’s three sifting tray system struck a… Read More

Investors Can Now Join the Rush: Red Cloud Klondike Strike Launches Portal for Mining Investment

For such a large industry, I know of relatively few famous mining companies.  I’ve never been part of that world.  It isn’t that the things they’re doing aren’t important, or that they don’t have an impact on my life.  It’s that in the past they’ve… Read More

Lending Loop Talks Regulatory Issues as P2P Lending Remains on Hold

Lending Loop launched its peer to peer lending platform in Canada last year. In the fall, Lending Loop stated that Dentons would assist in “full compliance with all applicable provincial and federal regulations”. Today, Lending Loop is on pause as it works things out as it… Read More

Brief: Real Estate Crowdfunding Software Provider Katipult Establishes Compliant Solutions in the UK, Singapore, Australia & Canada

Real estate crowdfunding software provider, Katipult, announced this week it is looking to establish its compliance solution in various countries outside the U.S. including UK, Singapore, Australia & Canada.  The announcement came at a private investor event facilitated by the Global Fintech Group, where the company… Read More

Bay Street Cannabis Seeks to Become First Equity Crowdfunding Platform in Canada Dedicated to Cannabis

Ascenta Finance Corp. (Ascenta), an exempt market dealer registered in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, announced this week the launch  of “Bay Street Cannabis,” which is considered as Canada’s first equity crowdfunding portal dedicated to the cannabis sector. The new… Read More

Brief: InvestNextDoor Introduces Trillion Dollar Marketplace Lending Opportunity to Canada

“Peer-to-Business” crowdfunding platform InvestNextDoor announced on Tuesday it is bringing its award-winning, “Borrowing 2.0” business model home to Canada. According to InvestNextDoor, the Borrowing 2.0 delivers a model that seeks to reduce investment risk in current market conditions, and focus on above average fixed-income returns for retail… Read More

NCFA Prepares for Big Crowdfunding Event this Week in Toronto

The 2nd Annual Canadian Crowdfunding Summit (#CCS2016) is set to take place later this week (March 3). The event will cover all aspects of crowdfunding and will be held at the MaRS Discovery District in Toronto. Canada has recently updated its regulatory approach to raising… Read More

Evolution or Extinction! Things are definitely Changing in the Private Markets

Out With the ‘Old Boys’ Club’ Approach to Investment. What is a common characteristic of iconic companies like: Eastman Kodak and Blockbuster? As the world changed, all these great companies stood flat-footed as the competition took their dominant positions from underneath their noses.  The same… Read More

Canadian Grow and Conexus Align: Saskatchewan Welcomes Online Lending

Conexus, Saskatchewan’s largest credit union, announced a partnership with Grow (formerly Grouplend), Canada’s fast growing fintech company, to bring online lending to Saskatchewan. This new partnership will allow residents of Saskatchewan access to Grow through one of Canada’s “most trusted and forward thinking” financial institutions…. Read More

Brief: NCFA Canada Selects Finalists for 2016 Canadian Crowdfunding Summit

Twelve Canadian startups have been selected from across the country to pitch to investors like OMERS, Whitecap Venture Partners, YEDI, Extreme Venture Partners, DMZ at Ryerson University at the 2016 Canadian Crowdfunding Summit. This year’s theme is “The Future is NOW.” With the newly released equity crowdfunding regulations in Canada and… Read More

The Holy Grail of Regulated Crowdfunding

Travelling around the world gives you great perspective on many things.  From the people, culture, food, and market, to how everyone has their own way of getting things done. I spent the tail end of 2015 in airports and on airplanes travelling around the world… Read More

SeedUps Canada Reveals More Details About the “Be the Dragon” Investor Tour

SeedUps Canada, the first investment crowdfunding platform to set up shop in the country, announced last week that it is launching the Be the Dragon tour. The website shared the event will be making stops in Vancouver and Calgary with a mission to attract companies to… Read More

Brief: KoreConX Forms Partnership With AFEX to Bring Escrow Services to Canadian Equity & Debt Crowdfunding Portals

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 Wednesday it has formed a partnership with Associated Foreign Exchange (AFEX) to bring escrow services to equity and debt crowdfunding portals. The company… Read More

Brief: SeedUps Canada Launches “Be the Dragon” Tour

This week, SeedUps Canada, the first investment crowdfunding platform to set up shop in the country, announced that it is launching the “Be the Dragon” Tour. The website shared the event will be making stops in Vancouver and Calgary with a mission to attract companies to the… Read More

National Crowdfunding Association of Canada Schedules 2nd Summit for this March

The National Crowdfunding Association of Canada (NCFA) has slated their 2nd annual gathering to be held in Toronto on March 3rd of 2016. The Canadian Crowdfunding Summit is crafted to be the most prominent event for leaders in the quickly emerging Canadian crowdfunding sector of finance…. Read More

Investment Industry Association of Canada CEO Says Scrap Equity Crowdfunding. NCFA Says No Way.

The CEO of the Investment Industry Association of Canada (IIAC), Ian Russell, called on provincial regulators to “scrap equity crowdfunding”.  Russell, it appears, is not enthusiastic about the financial innovation.  On the digital pages of the Financial Post, and on the IIAC blog, Russell claimed;… Read More

Lendful Raises $15 Million from Canadian Credit Union Alterna Bank

Canadian credit union, Alterna Bank, has shaken the dust off its banking past and invested $15 million in Vancouver-based online lending platform Lendful. Lendful co-founder Alex Benjamin stated this single investment has boosted the reputation of the entire online lending industry in the country. “This deal… Read More

Mass Fidelity’s Wireless Audio System Core Now Available For Purchase

Just a little over a year after its highly successful Indiegogo initiative came to an end, Canadian audio technology startup, Mass Fidelity, announced that its wireless speaker system, The Core, is now available for purchase. The project successfully secured over $1.5 million through the campaign… Read More

CIBC CEO: Peer-to-Peer Lenders Can Actually Drive a Wedge But We Won’t Let Them Do That

In an interview with Canadian Business, Canadian Imperial Bank of Commerce (CIBC) CEO Victor Dodig touched upon looming competition with online lenders. Dodig is a relatively new CEO of the bank having taken the helm of CIBC in 2014. Dodig joined CIBC in 2005 but prior… Read More

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