October 8, 2018 @ 3:40 pm By Samantha Hurst  |  

Seed&Spark, the independent film crowdfunding platform, announced on Friday its expansion into Canada. The U.S.-based funding portal confirmed it launched full access of its services to Canadian creators. Seed&Sparks reported included in the expansion is support for Canadian currency, compliance with local tax regulations and… Read More

October 2, 2018 @ 1:11 pm By Samantha Hurst  |  

Canadian fintech Mylo Financial Technologies announced on Tuesday it is set to launch registered accounts and socially responsible investing through its new premium service, Mylo Advantage. According to Mylo, the newest offering furthers its social mission to help Canadians achieve their financial goals by delivering an effortless way… Read More

September 6, 2018 @ 1:00 pm By Samantha Hurst  |  

Canada-based point-of-sale financing and payment tech provider Flexiti announced on Thursday it has received an $80 million mezzanine debt facility from Credit Suisse Asset Management. This news comes just a few months after Flexiti acquired TD Financing Services’ (TDFS), a Canadian private label credit card portfolio. … Read More

August 23, 2018 @ 10:26 pm By Samantha Hurst  |  

Just a little over a month after announcing its expansion plans into Japan with DLTA 21 Blockchain Corp., a Canadian blockchain investment bank, Canadian cryptocurrency Coinsquare announced its upcoming European expansion efforts, which is set for fourth quarter 2018. According to Coinsquare, European customers will have… Read More

August 20, 2018 @ 4:03 pm By Samantha Hurst  |  

Travelers, a U.S.-based insurance firm, has reportedly acquired a major stake in Canadian insurtech startup Zensurance. Founded in 2016, Zensurance claims it is leading the technology revolution in the insurance industry. The company, which uses data and analytics to identify most common risks, is able to… Read More

August 15, 2018 @ 7:36 am By JD Alois  |  

Toronto based Blockstation has signed an agreement with the Jamaica Stock Exchange (JSE) to provide digital currency and token trading including settlement, trading and more. Blockstation is a company that provides existing stock exchanges to transition to a blockchain based transactions. Initially known as the… Read More

August 14, 2018 @ 4:37 pm 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 secured $84 million through its latest equity funding round, which was led by Canaccord Genuity and Gravitas with participation from Eight Capital and Paradigm… Read More

July 18, 2018 @ 7:04 am By JD Alois  |  

Online lender OnDeck (NYSE:ONDK), has closed on two asset backed credit facilities totaling nearly $100 million. One in the amount of AUD 75 million with Credit Suisse, and another for CAD 50 million with Crédit Agricole, The two facilities will finance loan originations in Australia… Read More

July 17, 2018 @ 3:13 pm By Samantha Hurst  |  

The Large Credit Union Coalition (LCUC), a group comprising the CIOs of the 16 largest credit unions in Canada, announced on Tuesday it has joined enterprise software firm R3’s global blockchain ecosystem. The LCUC reported that it will join R3’s network of more than 200 financial… Read More

July 9, 2018 @ 8:42 am By Samantha Hurst  |  

On Monday, Canadian fintech startup Citrusxchange Inc. announced it has launched its blockchain based supply chain and invoice financing platform, Kwikxchange.  The company reported its platform caters to small and medium enterprises seeking supply chain financing and invoice financing. The platform was also developed under… Read More

June 27, 2018 @ 9:37 am By Samantha Hurst  |  

TD Bank announced on Tuesday it has formed a new partnership with BizEquity to provide its small and mid-size business customers and prospects from Maine to Florida a no-cost comprehensive business valuation through a cutting-edge digital application. The bank revealed that through its relationship with the Philadelphia-based fintech it now offers… Read More

June 25, 2018 @ 1:26 pm By Samantha Hurst  |  

Last week, National Bank announced it has launched a new mobile point of sale solution, Easy Pay, which is powered by Montreal fintech, Mobeewave and will be used by SME clients. National Bank reported that by collaborating with its partner, Global Payments, it claims to… Read More

June 22, 2018 @ 2:00 pm By Samantha Hurst  |  

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

June 20, 2018 @ 11:11 am By Samantha Hurst  |  

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

June 18, 2018 @ 3:48 pm By Samantha Hurst  |  

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

June 12, 2018 @ 7:00 am By Samantha Hurst  |  

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

June 11, 2018 @ 9:24 pm By Samantha Hurst  |  

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

June 7, 2018 @ 10:39 pm By Samantha Hurst  |  

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

June 5, 2018 @ 12:10 pm By JD Alois  |  

    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

May 30, 2018 @ 2:41 pm By Samantha Hurst  |  

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