Tagged: canada

Online Investing Service Wealthsimple Secures $100 Million Through Latest Investment Round Led By Allianz X

Canada-based fintech and global digital investing service, Wealthsimple announced on Wednesday it received a $100 million through its latest investment round, which was led by Allianz X, a digital investment unit of the Germany-based Allianz Group, a global insurer and asset manager.  Wealthsimple reported that… Read More

Canadian Banking Alternative KOHO Secures $42 Million Through Latest Funding Round Led By Portag3 Ventures

KOHO, a fintech startup that offers Canadians an alternative to traditional banking, announced on Wednesday it secured $42 million through its latest funding round, which was led by Portag3 Ventures, with participation from Greyhound Capital and other strategic investors. Founded in 2014, KOHO stated that… Read More

FrontFundr Appoints David Beatty As Chairman of the Board of Directors

FrontFundr, a Canada-based online investing platform, announced on Wednesday it has appointed David R. Beatty C.M., O.B.E., F.ICD, CFA the Chairman of the Board of Directors. According to the funding portal, Beatty was on the board of the Bank of Montreal (BMO Financial Group) for… Read More

Canadian Small Business Lender Lendified Attracts $15 Million Through Latest Funding Round

Lendified, a Canada-based lender who provides small business loans online, announced on Wednesday it secured $15 million through its latest funding round with institutional and private investors. The investors include CI Financial Corp., Windsor Private Capital Limited Partnership, FirePower Capital, and a group of high… Read More

Financeit Announces U.S. Expansion & Appoints Steve Olszewski as General Manager

Financeit, a Canada-based point-of-sale financing provider, announced last week it is expanding into the U.S. and has appointed Steve Olszewski as its U.S. division general manager. Founded in 2011, Financeit describes itself as a market leading point-of-sale payment plan provider, servicing the home improvement, vehicle, and… Read More

Canadian Fintech Mogo Announces Merging Agreement With Difference Capital Financial

Canadian fintech Mogo Finance Technology announced on Monday it has signed a definitive arrangement agreement to merge itself with Difference Capital Financial Inc. Mogo reported that under the terms of the Arrangement Agreement, each common share of Mogo will be exchanged for one Difference common… Read More

Coinsquare Announces Pre-Launch of Canadian Fiat-Backed Stablecoin “eCAD”

Canadian cryptocurrency platform Coinsquare announced on Thursday the pre-launch of its fiat-backed stablecoin, eCAD. According to Coinsquare, eCAD will provide the Canadian and global markets the stability of the Canadian dollar with the benefits of a digital currency. This new product will allow investors to purchase eCAD… Read More

Canadian Investment Fund Manager 3iQ Selects KoreConX Digital Securities Protocol For Digital Security Offering

KoreConX announced on Thursday that 3iQ Corp. (3iQ), a Canada-based regulated multi crypto asset portfolio manager, has chosen the KoreProtocol for its Digital Securities Offering. According to KoreConX, 3iQ is claimed to be the first Canadian investment fund manager to fully comply with the terms and… Read More

OnDeck Completes Transaction Combining OnDeck Canada With Evolocity Financial Group

OnDeck (NYSE: ONDK), a small business online lending platform, announced earlier this week it has completed the transaction combining its Canadian operations with Evolocity Financial Group (Evolocity), a Montréal-based online small business lender. According to OnDeck, the transaction combines the local operations, technology and Canadian… Read More

Scotiabank Launches New Digital Mortgage Experience “Scotiabank eHOME”

Scotiabank announced last week the launch of its new digital mortgage experience, Scotiabank eHOME. Scotiabank reported with Scotiabank eHOME, Canadians may apply for a mortgage completely online, track the application status through real-time updates, and complete the closing with a lawyer without requiring an in-person… Read More

Canadian Insurtech Finaeo Secures $5.35 Million Through Latest Investment Round Led By Luge Capital

Finaeo, a Canada-based insurtech startup focused on the life insurance marketplace, announced this week it secured $5.35 million through its latest investment round, which was led by Luge Capital. Founded in 2016, Finaeo’s vision is to become the digital fabric that connects and powers the… Read More

Plaid Expands Institution Coverage in Canada

Plaid, a U.S.-based fintech startup, announced on Thursday it has expanded its institution coverage in Canada. The company launched its services in the country last year and recently added support for Desjardins, National Bank of Canada, President’s Choice, and Simplii. Along with the expansion of… Read More

Canadian Fintech Progressa Surpasses $100 million in Debt Relief

Progressa, a Vancouver-based fintech company that is focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it has surpassed the $100 million milestone in funded loans for underserved Canadian consumers. The company reported since 2013, Progressa has helped… Read More

Goldmoney Ceasing Cryptocurrency Operations

Canada fintech firm and direct online access to securely vaulted and insured precious metals, Goldmoney, Inc. (TSX: XAU) announced on Wednesday it has decided to exit the cryptocurrency business and will be removing digital currency off of its platform.  Goldmoney reported it will work with its customers… Read More

Funding Circle Announces Canadian Expansion Plans

Online lending platform Funding Circle announced on Thursday its plans to enter the Canadian market and expand access to fast, affordable and transparent financing for Canadian small businesses. The lender revealed it will establish operations in Canada in the second half of 2019 with an office located… Read More

Canadian Credit Union Meridian Announces Plans to Launch Digital Banking Platform “motusbank”

Meridian, a Canada-based credit union, announced last week the launch of its new digital platform, motusbank. According to Meridian, motusbank has already received the official go-ahead from the Office of the Superintendent of Financial Institutions (OSFI) and will open for business this spring. Its description reads: “motusbank… Read More

Canadian Fintech Mogo Milestone: Opens More than 200,000 New Member Accounts in 2018

Canadian fintech Mogo Finance Technology announced on Tuesday it opened more than 210,000 new member accounts in 2018, which brought its member base to approximately 756,000 on December 31st.  The company claims it is a digital challenger to the banks in Canada and empowers consumers with solutions… Read More

Southern Alberta Institute of Technology Claims to Be the First in Canada to Issue Digital Credentials Through Blockchains

The Southern Alberta Institute of Technology announced last week it is claiming to be the first Canadian institution to use the technology to deliver secure credentials. According to the institute, Twenty-five graduates from the Pre-Employment Automotive Service Technician program received a digital credential through blockchain as part… Read More

TD Bank Releases Progress Report; Secures $22 Billion in First Year

TD Bank announced on Friday it has released a progress report on advancing towards a transition to a low-carbon economy in North America. The banking group also reported it secured CAD$22 billion during its first year. In December 2017, TD set a target of a total of CAD$100 billion in… Read More

Coinsquare Announces European Expansion

Canadian cryptocurrency platform Coinsquare announced on Wednesday it has launched across 25 countries simultaneously in the European Union (EU). Coinsquare reported it first announced its intention to launch in Europe earlier this year and European customers now have access to the platform’s full suite of cryptocurrencies and services. This… Read More

Send this to a friend