Canada

January 18, 2016 @ 3:37 pm By JD Alois  |  

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

January 16, 2016 @ 7:17 pm By JD Alois  |  

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

January 15, 2016 @ 6:34 pm By JD Alois  |  

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

January 15, 2016 @ 11:56 am By Samantha Hurst  |  

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

January 14, 2016 @ 5:41 pm By JD Alois  |  

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

December 22, 2015 @ 9:22 am By Erin Hobey  |  

15.5% of digitally active consumers currently use financial technology products Payment services are the most popular product offering Users are younger, wealthier and increasingly urban With 29.1%, Hong Kong has the highest rate of FinTech use of all surveyed markets  “Higher-income individuals are some of the… Read More

December 9, 2015 @ 1:18 pm By Erin Hobey  |  

nTrust, a fintech platform that allows users to transfer money via mobile, tablet or desktop to anyone, anywhere, noted its induction into MaRS Discovery District’s Financial Technology (FinTech) Cluster. Bridging the gap between stakeholders and innovators, MaRS’ FinTech hub seeks to connect the financial services sector with… Read More

December 1, 2015 @ 11:37 am By Samantha Hurst  |  

progressa, a Vancouver-based financial technology company focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it has closed an $11.4 million Series A equity & debt financing round led by Cypress Hills Partners and Conconi Growth Partners. The… Read More

November 28, 2015 @ 9:27 am By Darcy Brooks  |  

Since equity crowdfunding is a topic that’s close to our hearts, and since it absorbs such a large chunk of my day and my thoughts, I’m always rather taken aback by some of the common misconceptions that come up anytime the discussion touches on equity… Read More

November 27, 2015 @ 3:32 pm By JD Alois  |  

Sandi Gilbert, co-founder and CEO of SeedUps Canada, the first investment crowdfunding platform to set up shop in the country, was interviewed by Du Plooy Law in Calgary.  Gilbert notes that other countries have pushed forward to advance crowdfunding but now Canadian regulators have finally… Read More

November 23, 2015 @ 5:41 pm By JD Alois  |  

KoreConX has announced speakers for its Canadian 102 Cross Canada Tour.  Sessions will take place in Toronto, Vancouver, Calgary, Montreal and Halifax. The first event, in Toronto, took place today. The meetings will focus on the laws and regulations that apply in Canada and how… Read More

November 23, 2015 @ 12:55 pm By Samantha Hurst  |  

Last year, Mass Fidelity Inc.’s Indiegogo crowdfunding campaign for the Core Wireless Speaker System and Core Wireless Sub become the top crowdfunded Canadian company. Now, the company is ready to share details about its success with the funding method.   Noting what inspired the Core project, the company stated: “The Core is the… Read More

November 19, 2015 @ 12:34 pm By Samantha Hurst  |  

KoreConX, the recently launched 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 new partners that add additional value and resources for their users. These additions greatly expand the scope and usefulness… Read More

November 19, 2015 @ 9:02 am By Erin Hobey  |  

Grouplend, Canada’s leading online lending platform, announced today that it has rebranding itself as Grow Financial. Since launching in 2014, the company’s model has evolved from marketplace lending to a fintech platform, using cutting-edge software and advanced data analytics to create revolutionary financial services that extend far… Read More

November 18, 2015 @ 9:00 am By Erin Hobey  |  

“As the crowdfunding economy grows it will spur economic prosperity, create new jobs and ultimately improve follow-on funding outcomes for scalable ventures looking to succeed in the incredibly dynamic and connected global markets we live in today.” As readers know, The Centre for Alternative Finance at University of… Read More

November 16, 2015 @ 10:28 am By Erin Hobey  |  

  Quadriga Fintech Solutions Corp. claims that it launched Canada’s first R&D lab for blockchain technology. The lab’s first project will be the development of a platform with two core functions: handling the onboarding and client data management for financial crime systems using the blockchain and… Read More

November 12, 2015 @ 10:07 am By JD Alois  |  

Real estate crowdfunding platform NexusCrowd, has hooked-up with Downing Street Realty Partners on a $12 million industrial real estate redevelopment project including three properties in the greater Toronto area. The project includes properties in Mississauga, and two in Toronto, totaling 110,000 square feet. The properties have… Read More

November 8, 2015 @ 6:30 am By JD Alois  |  

Five different Canadian provinces joined together this past week to publish the final form of Multilateral Instrument 45-108 Crowdfunding which is the prospectus exemption and registration framework for crowdfunding portals.  As expected, Ontario, Manitoba, Quebec, Nova Scotia and New Brunswick will join together to allow… Read More

November 6, 2015 @ 10:36 am By Erin Hobey  |  

Toronto has all the ingredients necessary to become a major fintech hub but is failing to compete with the likes of London and New York because it has not developed a proper ecosystem, according to the new report, “Current State of the Financial Technology Innovation… Read More

November 4, 2015 @ 8:45 am By JD Alois  |  

KoreConX has launched a new service just as new equity crowdfunding rules, under Title III of the JOBS Act, were revealed last week by the SEC. The KoreConX product is offering a “free, all-in-one solution to help companies navigate the process of raising equity capital”…. Read More