Tagged: canada

A Voluntary Tax? Ontario Parliament Debates Bill to Crowdfund Public Projects

Finding and allocating money public projects including urban improvements is hard. Constituents never want to see their taxes increase and inevitably some people support certain projects. Others, not so much. Randy Hillier, MPP for Lanark-Frontenac & Addington in Ontario, believes he has the solution. Hillier… Read More

UChicago Polsky Center Director E.J. Reedy: Still Time to Complete 2017 Americas Alternative Finance Industry Survey

“Having trusted, independent research is critical to cutting through some of the noise from a fast-changing space like alternative finance…We cut across to give a big picture view which isn’t typically available in other research.” It’s official, alternative finance platforms have been granted an extension… Read More

Misys & D+H to Merge and Create Global Fintech Leader in Banking & Finance Software

Misys, a financial service software provider, and D+H (TSX: DH), another financial technology provider, are poised to merge and thus create a “diversified Fintech market leader” with a global footprint providing financial services software with an estimated revenue of $2.2 billion.  The announcement came today… Read More

LendingArch Unveils Real-Time Point of Sale Financing Loan Service for Medial Clinics

Canadian marketplace lending platform LendingArch announced on Monday launch of its new, real-time point of sale loan service for Canadian medical clinics and their patients. According to LendArch, patients may now apply for LendingArch’s point of sale financing either from their home or directly at a clinic location… Read More

Canadian Fintech Company Mogo Finance Technology Commences Trading on the OTCQX

Mogo Finance Technology Inc. (TSX:MOGO), a Canadian fintech company, announced on Friday it has been approved to trade on the OTCQX under MOGOF. Speaking about the financial milestone, Greg Feller, President and CFO of Mogo, stated: “The U.S. is the world’s largest capital market and has a… Read More

Alibaba Continues its Push for Global Dominance with Stake in Paytm

Alibaba has been roaming the globe acquiring or investing digital businesses. The most recent investment lands in India – marking an important entrant for Jack Ma’s firm. According to multiple reports, Alibaba has led a funding round in Paytm, an Indian ecommerce and payments platform. A… Read More

Canadian Crowdfunding Summit – Toronto

Accelerate access to capital markets and emerging fintech opportunities The 3rd annual 2017 Canadian Crowdfinance Summit (#CCS2017) is Canada’s largest national event covering fintech, crowdfunding, internet finance, venture funding and alternative finance markets. Access educational content, deal flow, and premier networking opportunities with over 75+… Read More

Canadian Securities Administrators Launch Fintech Sandbox

The Canadian Securities Administrators (CSA) has launched a bespoke Fintech regulatory sandbox. The CSA described the Sandbox as an initiative that supports businesses seeking to offer innovative products, services, and applications. “The objective of this initiative is to facilitate the ability of those businesses to… Read More

Jean-Sébastien Drolet, RealStarter on Making Real Estate Investments Accessible

Crowdfund Insider had the opportunity to interview the co-founder of Canadian real estate crowdfunding platform, RealStarter. Jean-Sébastien Drolet is a Université Laval graduate who is leveraging his legal training in his work in the real estate market, along with co-founder and programmer Do Nguyen and real estate… Read More

Ontario Securities Commission & UK Financial Conduct Authority Sign Cooperation Agreement

The Financial Conduct Authority (FCA), the securities regulator in the UK, has signed a cooperation agreement with the Ontario Securities Commission (OSC).  The agreement is designed to provide support to innovative Fintech firms seeking entry into either market. The Agreement allows the FCA and the… Read More

Bank of Canada: Digital Currencies Need Regulation (Document)

The Bank of Canada is out with a paper that reviews the advent of digital currencies, IE Bitcoin, and how it may impact the more traditional type of fiat currency. Drawing a comparison to back in the day when private bank notes circulated alongside government issued… Read More

Over Promise & Under Deliver. Will Tiko 3D Printer Become the Next Zano – Like Kickstarter Failure?

There was a brief period in crowdfunding history where 3D Printers were quite the rage. Thousands of backers pumped millions of dollars into all sorts of iterations of the now ubiquitous 3D printers. Of course today the sector is intensely competitive. Just hop on over… Read More

National Crowdfunding Association of Canada to Hold 3rd Annual Event in Toronto

NCFA Canada Focuses on Innovation Finance and Fintech Trailblazers from Across the Country. The National Crowdfunding Association of Canada (NCFA Canada) will be holding its third annual Canadian Crowdfunding Summit (CCS2017) in Toronto this month. The event opens on February 28th and continues for a… Read More

Katipult Secures “Substantial Capital Investment” in New Funding Round

“Platform as a Service” company Katipult, is reporting a “substantial capital investment in a round of funding” to help fuel global growth. A standout in the Canadian Fintech scene, Katipult is a white label software platform that powers investment marketplaces for crowdfunding or online lending… Read More

British Columbia Securities Commission Posts Survey & Creates Team to Better Understand Needs of Fintech Firms

The British Columbia Securities Commission (BCSC) has published an online survey while announcing a dedicated “Tech Team” as part of an initiative designed to better understand and support financial innovation. The BCSC described the project as part of ongoing outreach to BC Fintech and other… Read More

FINCAD Appoints Fintech Industry Veterans Philip Brittan & Geoffrey to Board of Directors

FINCAD, a Canada-based portfolio valuation and risk analytics for multi-asset derivatives and fixed income company, announced on Wednesday it appointed two fintech industry veterans, Philip Brittan and Geoffrey Fite, to its board of directors. According to FINCAD, Brittan has close to 30 years experience as… Read More

Kickstarter Announces Huzza Acquisition & Opens First International Office in Canada

On Monday, crowdfunding giant Kickstarter announced it not only acquired interactive life-video platform, Huzza, it has also opened its first international office located in Vancouver, Canada. While sharing details about the acquisition, the Kickstarter team stated: “Huzza was founded in 2015 by two talented entrepreneurs — Justin Womersley… Read More

Canadian Fintech Firm MOBI724 Completes $553,000 Private Placement

Canadian fintech company MOBI724 Global Solutions Inc. (CSE: an equity privateMOS), announced on a private equity it closed placement in the aggregate amount of $553,000 by issuing 4,608,333 common shares (“Shares”) at $0.12. For each common share received, the subscribers were issued one common share… Read More

Scotiabank Launches Digital Factory in Toronto Following QED Investors Latin American Fintech Partnership Announcement

Canadian multinational bank Scotiabank announced on Friday it is launching what it calls a “Digital Factory” as a way to help accelerate the fintech industry while also helping to improve its customers’ experience in mobile and digital banking transactions, account opening, loan adjudication, and mortgage… Read More

Goldmoney’s Network Accounts & Wealth Holdings Receive Compliant Endorsement By Shariah Supervisory Board of Amanie Advisors

Canada fintech firm Goldmoney Inc. (TSX: XAU) announced on Monday its Network accounts and Wealth Holdings have been endorsed as Shariah-compliant by the Shariah Supervisory Board of Amanie Advisors. The company stated that Islamic investors may now instantly purchase, save, and transact in gold globally… Read More