Tagged: canada

February 2, 2025 @ 6:31 pm By Omar Faridi  |  

Purpose Investments Inc., the firm behind the world’s “first” Bitcoin ETF and Ether ETFs, says it is further solidifying its presence in the digital asset space with the filing of a preliminary prospectus with Canadian securities regulators for the proposed launch of the Purpose Ripple… Read More

January 28, 2025 @ 10:32 pm By Omar Faridi  |  

Nuvei Corporation, the Canadian fintech company, announces an expansion in Asia-Pacific (APAC), having completed the acquisition of Paywiser Japan Limited, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry. The license enables Nuvei to progress with launching direct acquiring capabilities… Read More

January 16, 2025 @ 7:02 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is partnering with Northeastern University in Vancouver to accelerate cybersecurity innovation and expand Canada’s technology workforce. Through 715,000 CAD, the collab will establish the Mastercard Professorship Fund and the Mastercard Vancouver Scholarship, initiatives designed to advance research and create “opportunities for women, BIPOC… Read More

January 14, 2025 @ 9:52 pm By Omar Faridi  |  

Float Financial, a business finance platform for Canadian businesses, announced it has signed a CAD $70 million Series B financing round, which brings its total funds raised in the last 12 months to $120 million. The latest investment round is led by Growth Equity at… Read More

January 14, 2025 @ 4:45 pm By Omar Faridi  |  

Cboe Canada Inc. welcomes BlackRock Asset Management Canada Limited for the launch of their latest ETF, the iShares Bitcoin ETF. The iShares ETF now trades on Cboe Canada under “the symbol IBIT, with U.S. dollar denominated units trading under the symbol IBIT.U.” The iShares Bitcoin… Read More

January 14, 2025 @ 7:45 am By Omar Faridi  |  

Transcard, a global firm focused on payments technology, is pleased to announce its expansion into the Canadian market. Transcard has reportedly launched its first Canadian customer, Xodus Travel Services, leveraging the SMART Suite for payment orchestration and “adopting an enhanced digital payment experience.” Transcard’s embedded… Read More

January 11, 2025 @ 11:22 am By Omar Faridi  |  

Spring Financial, a Canadian financial technology company simplifying the lending process for everyday Canadians, announces the launch of Bloom, an AI-driven financial concierge mobile app for everyday Canadians. Bloom redefines financial management by harnessing Artificial Intelligence to make banking, spending and “budgeting completely transparent and… Read More

January 8, 2025 @ 9:59 pm By Omar Faridi  |  

Sol Strategies Inc., a Canadian holding company that invests in the Solana blockchain and ecosystem, announced that it has drawn from its amended credit facility agreement dated January 6, 2025 with Antanas Guoga, the company’s Chairman and Director. The agreement, which amended and restated the… Read More

January 8, 2025 @ 7:58 pm By Omar Faridi  |  

Alchemy Pay, the crypto solutions provider, is pleased to announce that its entity, Alchemy Pay Ltd. has successfully registered as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This achievement, along with the recent acquisition of 4… Read More

December 28, 2024 @ 11:31 am By Michael Wong  |  

Vancouver-based bookkeeping service Bench Accounting has announced its sudden closure, potentially putting hundreds of staff out of work. The company, once billed as North America’s largest small-business bookkeeping service, posted a “notice of closure” on Friday stating the platform is “no longer accessible.” Bench acknowledges… Read More

December 21, 2024 @ 7:37 pm By Tony Zerucha  |  

A recent study by ApeX ranked the top ten countries leading in blockchain and cryptocurrency technology, with Singapore taking the lead as a global hub for innovation. The study evaluated countries using a composite index, which reflects blockchain development and adoption through three core metrics: blockchain patents,… Read More

December 13, 2024 @ 10:35 am By Omar Faridi  |  

Nuvei Corporation, the Canadian fintech, announces the expansion of its partnership with Google to integrate Google Pay, an option now available for merchants across Latin America (LatAm). This collab builds upon the relationship between Nuvei and Google, and complements Google Pay’s availability via Nuvei in… Read More

December 12, 2024 @ 1:50 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, is reportedly available to users in Canada checking out on Apple Pay online and in apps with iPhone and iPad on iOS 18 and iPadOS 18 or later versions. As mentioned in the announcement, eligible Apple… Read More

December 5, 2024 @ 7:33 am By Omar Faridi  |  

Circle Internet Group, Inc., a financial technology company, announced that its regulated subsidiary is the “first” stablecoin issuer to commit to comply with the Ontario Securities Commission (OSC) and Canadian Securities Administrators’ (CSA) Value-Referenced Crypto Asset (VRCAs) requirements. This facilitates Circle’s U.S. dollar-denominated stablecoin, USDC,… Read More

November 30, 2024 @ 2:21 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, released new research revealing that despite economic uncertainty, Canadians are approaching their holiday shopping with “strategy, not restraint.” Affirm noted in a blog post the majority (71%) plan to spend the… Read More

November 21, 2024 @ 10:00 pm By Omar Faridi  |  

Collabria Financial Services, Canada’s credit union credit card issuer, announced that they will partner with Regtech Trulioo, a global firm focused digital identity verification. This collab will now aim to support a more streamlined verification process for new cardholders. By integrating Trulioo capabilities, Collabria will… Read More

November 4, 2024 @ 8:54 am By Omar Faridi  |  

Xero, the global small business platform, released its quarterly Xero Small Business Insights (XSBI) report for Canada, including data from April to June 2024. As noted in the latest report, Canada’s weak small business sales performance continued in the three months to June. The data… Read More

October 6, 2024 @ 2:24 pm By Omar Faridi  |  

Mastercard (NYSE: MA) announced recently that it has launched various new benefits in support of small businesses operating across Canada. Curated new cardholder benefits provide savings on products and solutions tailored to meet the requirements of Canadian business owners. In order to to acknowledge Small… Read More

October 6, 2024 @ 2:23 pm By Omar Faridi  |  

Canada has reportedly reached $11.9 trillion in total retail payment transactions with 21.7 billion transactions in 2023, which is up six per cent year-over-year. This, according to an update shared by Payments Canada. The report from Payments Canada noted that virtual or online payments represented… Read More

October 4, 2024 @ 8:41 pm By Omar Faridi  |  

Research from cloud-based small business platform Xero reveals a notable gap in financial literacy among Canadian small business owners. Although 47% or nearly half of small business owners rating their financial literacy as ‘high’, nearly half (43%) actively deal with fiscal challenges in their business… Read More