Tagged: canada

Peoples Trust Company Acquires Online Lending Platform Lendful

Peoples Trust Company, a federally chartered financial institution that has provided financial services to Canadians, announced this week it has acquired Vancouver-based online lending platform Lendful. According to the duo, Peoples Group’s key mission is to exceed customers’ expectation by providing access to financial products within select markets…. Read More

Interac Opens Outpost & Accelerator Innovation Lab at Communitech

Interac Corp. announced earlier this week the launch of its new Interac Lab, which is described as an innovation outpost and accelerator at the Kitchener-based tech hub, Communitech. According to Interac, the Interac Lab will support research and development, offering a space for hands-on experimentation…. Read More

Finance Montréal Announces Launch of the Montréal FinTech Station

Finance Montréal announce on Monday the launch of the Montréal FinTech Station, which had financial support from the Government of Québec. According to Finance Montréal, the Montréal FinTech Station’s mission will be to support the development of new businesses in the financial technology sector as well as help… Read More

PayStand Announces Expansion Into Canada: Now Offering New Domestic Payments Infrastructure

B2B payment platform PayStand announced on Tuesday it has expanded its digital platform in Canada in order to support domestic B2B commercial payments and continue the growth of its global payments infrastructure. The expansion into Canada comes less than one year after PayStand secured $6… Read More

Canadian Venture Capital Fund For Early Stage Fintech Companies Luge Capital Completes $75 Million Round of Financing

Luge Capital, a new venture capital fund specifically focused on early-stage fintech companies and artificial intelligence (AI) solutions applied to financial services, announced on Monday it has completed a $75 million round of financing to begin operations. The fund reported that Initially, $50 million of the raised capital was… Read More

Fintech Firm Flexiti Acquires TD Financing Services’ $250 Million Canadian Private Label Credit Card Portfolio

On Thursday, point-of-sale financing and payment tech provider Flexiti announced it has acquired TD Financing Services’ (TDFS) Canadian private label credit card portfolio, which is valued at approximately $250 million. According to Flexiti, the acquisition includes an equity investment of over $50 million led by… Read More

Cambridge Centre for Alternative Finance Launches Global Research to Provide the Most Comprehensive Research on Fintech Available Today

    The Cambridge Centre for Alternative Finance (CCAF), at the Judge School of Business at Cambridge University, has launched their annual research initiative pertaining to the global alternative finance industry. While in years past CCAF has staggered the research, this year they are commencing… Read More

Financial Management Platform Onist Forms Partnership With Fintech Firm Quovo to Provide Financial data to Canadian Clients

Onist, a collaborative financial platform that gives families and professionals a complete picture of household net worth and cash flow, announced on Tuesday it has formed a new partnership with fintech firm Quovo to provide reliable financial data to Onist’s Canadian clients. The collaboration comes just… Read More

California Fintech Firm Plaid Announces Canadian Expansion

Plaid, a California-based fintech firm, announced on Tuesday it is expanding into its first international market, Canada. Founded in 2012, Plaid focuses on enabling innovation and democratizing financial services through technology. The company reported it built consumer experience, developer-friendly infrastructure, and intelligence tools that give users… Read More

Canadian Blockchain Firm Decentral Announces Launch of Jaxx Liberty & Jaxx Unity

Decentral Inc., a Canada-based blockchain company and the creator of the multi-platform, multi-currency digital wallet Jaxx, has announced its next phase: Decentral Project, which was three years in the making. As part of the next phase, the company also unveiled the first three of the… Read More

VersaPay Announces Global Apparel Manufacturer Signs Agreement to Implement ARC Platform

VersaPay (TSXV: VPY),  a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, announced on Wednesday that a billion dollar, global manufacturer of private label apparel products has signed to implement ARC, Versapay’s proprietary accounts receivable… Read More

Canadian Fintech Mylo Launches Mobile Fundraising Platform “Round Up to Give”

Canada fintech startup, Mylo Financial Technologies (Mylo) announced earlier this week the launch of its mobile fundraising platform, Round Up to Give. The platform, in partnership with CanadaHelps’ online donation platform, is to make it possible for customers to donate spare change directly from their… Read More

Morgan Stanley to Host Inaugural Canada Technology Startup Day in Montreal

Morgan Stanley (NYSE: MS) announced on Thursday it is set to host its inaugural Canada Technology Start-up Day at its Montreal Technology Centre today. The financial giant reported that the invitation-only event is providing some of Canada’s most promising emerging technology companies with the opportunity for… Read More

U.S. Fintech FinMason Announces Canadian Launch

Boston-based fintech FinMason announced on Friday its Canadian launch with the rolling out of the Canadian dollar version of its investment analytics as a service platform. FinMason reported that the enhancement marks the first step in its international expansion efforts. According to FinMason, the new… Read More

CAN Capital Welcomes Tom Davidson as New CFO

CAN Capital, a tech-driven small business specialty finance company, has hired Tom Davidson as its new Chief Financial Officer. Davidson brings 25 years of financial services experience to the company, including deep expertise in capital markets, securitization, treasury, investor relations and risk management. “I couldn’t be more… Read More

ATB Financial Announces Four Year Partnership With University of Alberta For AI

On Tuesday, ATB Financial announced the city of Alberta will get a boost in its contribution to the national artificial intelligence (AI) industry through a four-year partnership between it and the University of Alberta. According to ATB Financial, a group of students, paired with selected… Read More

Canadian Crowdfunding Platform FrontFundr Hits $10M Milestone, Self-Crowdfunding Campaign Nears Goal

FrontFundr, the leading Vancouver-based Canadian online investing platform, utilizes its online exempt market dealer (EMD) status plus its modern technology to enable users across Canada to invest in innovative growth businesses in under 12 minutes and starting from $250. “We are pleased to announce that… Read More

Nova Credit Teams Up with TransUnion to Serve Canada’s Creditworthy Newcomers: Applies Foreign Credit Score to New Home

Nova Credit, based in San Francisco and backed by Index Ventures, First Round Capital, NYCA and Core Innovation Capital, has partnered with Transunion to serve creditworthy newcomers to Canada who may otherwise miss out on credit opportunities due to a lack of Canadian credit history…. Read More

Canadian Fintech PayBright Announces  E-Commerce Financing Solution is Now Available on IBM Websphere 

Canadian fintech lender PayBright announced on Thursday its e-commerce financing solution is now available for merchants operating the IBM Websphere Commerce platform. According to PayBright, the e-commerce solution integrates with merchant’s e-commerce platforms and provides Canadian customers with an additional payment option at checkout. Upon selecting PayBright… Read More

OneEleven & Aviva Canada Announces Five Startups Selected For Insurtech Growth Program

On Wednesday, Canada’s OneEleven announced the participants of their Insurtech Growth Program. The startup community announced in January it was joining forces with insurance company Aviva Canada to support the success of growing Canadian insurtech companies. The program, which runs for four months, will provide the… Read More