Tagged: canada

Compass Mining, an Online Marketplace for Bitcoin Mining Hardware, Launches Compass Payment Plan

Compass Mining, which claims to be the first and largest online marketplace for Bitcoin mining hardware and hosting, announced the launch of its effort to make BTC mining accessible to all — Compass Payment Plan. This new program allows customers to “purchase Bitcoin mining equipment… Read More

Nuvei Corp. Teams Up with Visa to Offer US Customers Access to Faster Payments via Visa Direct

Nuvei Corporation (Nasdaq and TSX: NVEI), the international payment tech partner of major brands, reveals that it’s teaming up with Visa, the leader in virtual payments, in order to offer Nuvei’s US customers with access to quick payouts via implementation of Visa Direct, which is… Read More

Duality Technologies, Provider of Privacy-enhanced Data Collaboration Solutions, Acquires $30M via Series B

Duality Technologies, a provider of privacy-enhanced data collaboration solutions, reveals that it has secured $30 million via a Series B round, bringing its total funding to $49 million. The company’s round was reportedly led by LG Technology Ventures along with contributions from Euclidean Capital and… Read More

Pascal Wealthtech Chosen for NextSteps Program, which Supports Early-Stage Canadian Tech Firms

Pascal Wealthtech reveals that after “careful” consideration by the Selection Committee, they’ve been accepted into the NextSteps Program & Pitch Competition by BCF Ventures and MNP. An “exclusive” program meant to assist early-stage Canadian tech firms with achieving their growth objectives, the selection to participate… Read More

Open Banking and Intelligent Payment Plaform Zūm Rails Introduces Anti-Fraud Tools

Zūm Rails, an Open Banking and intelligent payment software provider, reveals that it has introduced a new set of anti-fraud tools to improve the security of its Instant Deposit feature. Instant Deposit, supported by Visa Direct, the payment giant’s real-time push payments solution,  and offered… Read More

Amazon Web Services Chosen by Sun Life as its Cloud Tech Provider, Aims to Become Cloud First Organization

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), recently revealed that Sun Life (TSX: SLF) (NYSE: SLF) has chosen AWS as its Cloud tech  provider in order to become a “Cloud-first” organization, supporting ongoing innovation, and develop digital client experiences. Sun Life… Read More

Canadian Fintech Flinks Acquires $103M Investment from National Bank of Canada

The National Bank of Canada (TSE: NA) has reportedly invested $103 million in Flinks, including $30 million in growth capital “towards acceleration of the Montreal-based fintech’s expansion activities in North America,” according to a release. As mentioned in the announcement, the investment has been made… Read More

Open Banking Initiative Canada Teams Up with Open Banking Expo to Enhance Digital Financial Services

Open Banking Initiative Canada (OBIC), which is a non-profit advocacy organization bringing together professionals from finance, technology, and regulation, to promote Open Banking, has teamed up with the Open Banking Expo, an international community of Open Banking and Open Finance execs working on digital transformation… Read More

IPC Point of Trade Voice Transaction Data to be Integrated with Overbond AI Algos Powering Automated Fixed-Income Trading

Overbond and IPC have announced a new partnership focused on accelerating the automation of fixed-income trading with voice-to-AI technology. Overbond is teaming up with IPC, a provider of secure, compliant communications and multi-Cloud connectivity services for the international financial markets, in order to integrate IPC’s… Read More

Canadian Travel Tech Firm Hopper Acquires $175M to Boost its Fintech Offerings via the Cloud

Canada’s travel technology firm Hopper recently finalized a $175 million Series G round that was led by New York-based GPI Capital. As noted by its management: “At Hopper, we’re on a mission to build the most customer-centric travel company on earth. We are leveraging the… Read More

Canadian Open Banking Report Summarized

The Canadian government has released its report into open banking. Final Report: Advisory Committee on Open Banking is available here. The vision for a Canadian system should be governed by six outcomes: consumer data is protected; consumers are in control of their data; consumers receive… Read More

Digital Asset Staking Service Provider Figment Secures $50M from Senator Investment Group, Others

The team at Figment is pleased to confirm that during Q2, they secured $50 million from institutional as well as strategic partners in the “largest funding round to date for any staking provider.” As mentioned in the update from Figment: “Led by Senator Investment Group… Read More

Steve Pinado: President at Billtrust, a B2B Accounts Receivable Automation Firm, Explains how They Streamline B2B Payments

We recently caught up with Steve Pinado, President at Billtrust (NASDAQ: BTRS), a B2B accounts receivable (AR) automation and integrated payments provider. Pinado explained how automation trends have been accelerating at warp speed during the COVID-19 pandemic. Last month, the team at Billtrust had shared… Read More

TMX Group Finalizes Acquisition of Canada’s AST Investor Services Inc and its Subsidiary AST Trust Co.

TMX Group reveals that it has finalized the acquisition of AST Investor Services Inc. (Canada) and its subsidiary AST Trust Company (Canada), an established provider of transfer agency, corporate trust, and various other services. As mentioned in the announcement, the total consideration of the acquisition… Read More

BNPL: Canada’s Scotiabank Now Converting Credit Card Repayments to Buy Now Pay Later Options

Canada-based Scotiabank (TSE: BNS) is reportedly converting credit card repayments into Buy Now, Pay Later or BNPL options, by offering customers the ability to pay off their debt in 3, 6, or 12-month fixed-installment payments. Currently available for purchases over $100 in-store or online, clients… Read More

Sensibill Partners with CAARY to Bring Digital Finance Solutions to Canadian SMEs Including Spend Management

Sensibill has teamed up with CAARY in order to bring “robust” digital finance solutions to SMEs. Through the partnership, CAARY and Sensibill aim to assist Canadian businesses with tracking their spending and managing their finances. As stated in the announcement: “We’re pleased to share that… Read More

Canada’s Trulioo, a Global Digital Identity and Business Verification Provider, Announces Partnerships with Wealth Managers

Trulioo, a global identity verification firm, reveals that it has teamed up with three wealth management companies in order to assist them with meeting compliance requirements and will be helping them with verifying their clients. As mentioned in a release shared with CI: “Through the… Read More

Payfare, a Fintech Powering Instant Payout and Digital Banking for Contractors, Issued Visa Ready Certification

Payfare Inc. (TSX: PAY), a Fintech that’s powering instant payout and digital banking services for contract workers, reveals that it has been issued a Visa Ready certification via the Visa Ready for Fintech Enablers program. The Visa Ready Fintech Enablement program offers partners such as… Read More

Canada based Paystone Acquires CAD 30M in Capital from Private Equity Unit of Crédit Mutuel Alliance Fédérale

Canada-based Paystone has acquired CAD 30 million in capital from the private equity division of Crédit Mutuel Alliance Fédérale. Paystone‘s payment processing and customer engagement solutions are currently being used by more than 30,000 merchants in Canada as well as the US. They collectively handle… Read More

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