Tagged: canada

Manu Smadja: CEO at MPOWER Financing, a Fintech Firm Facilitating Educational Loans, Shares Business Strategy

MPOWER Financing, a global education loan provider, recently secured an equity investment of $100 million. The new funding is in addition to the $60 million MPOWER raised earlier this year from Tilden Park Capital Management that also participated in the current round along with ETS… Read More

Calgary, Alberta’s Allied Venture Partners Confirms they’ve Invested $1M+ into Early-Stage Tech Firms

Allied Venture Partners confirmed on July 23, 2021, that they have invested over $1 million into early-stage tech startups while helping to close almost $13 million in total funding since their October 2020 debut. Based in Calgary, Alberta, AlliedVP invests in early-stage tech firms from… Read More

Properly, a Canadian Tech-Enabled Real Estate Brokerage, Secures CAD 44M via Series B from Bain Capital Ventures, Others

Properly, the Canadian technology-powered real estate brokerage, reveals that it has secured CAD 44 million through its Series B financing in order to support its national expansion across Canada’s $400 billion real estate market. As noted by the company in a blog post, Bain Capital… Read More

Canadian Firm Figment Explains how Cosmos based Provenance Blockchain Supports Nascent DeFi Ecosystem

Provenance is a Cosmos-powered blockchain whose goal is to create a “vibrant” ecosystem of decentralized financial (DeFi) services for a variety of financial institutions such as asset originators, fund managers, servicers, banks, and investors. The Proof of Stake (PoS) blockchain is “distinguished by three elements:… Read More

BIGG Digital Assets, Owner of Netcoins and Blockchain Intelligence Group, Reports Solid Q2 2021

BIGG Digital Assets Inc. (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins, the online digital currency brokerage that “makes it easy for Canadians to buy, sell, and understand cryptocurrency,” and owner of Blockchain Intelligence Group, a developer of blockchain tech search, risk-scoring and data… Read More

Digital Identity Verification Can be Improved by Adopting Consumer-Centric, Layered Approach: Trulioo Report

A new industry report, published by Trulioo, the global identity verification firm, and One World Identity, looks at the “nuances” of digital identity verification. As noted in a release shared with Crowdfund Insider: “In particular, it explores how adopting a consumer-centric and layered approach to… Read More

Kristo Käärmann, Co-founder and CEO of Global Fintech Wise, Reveals Company Continues to Lower Cross-Border Transfer Fees

Kristo Käärmann, Co-founder and CEO of Wise (previously dba TransferWise), which aims to make money work without borders, notes that they’re building the world’s most international account. 1/ @Wise Q2 Mission Update is here. Our team is 2,600 people now. How much progress did we… Read More

Polygon (MATIC), Enjin (ENJ) Trading Now Available for US, Canada, Australia Residents via Kraken

After digital asset firm Kraken’s listings of Enjin (ENJ) on May 14 and Polygon (MATIC) on May 17 for most jurisdictions, the company is pleased to confirm the availability of Polygon and Enjin trading for US, Canada and Australia residents. Trading for both assets are… Read More

OSC Announces Settlement Agreement Against Firms Selling CFDs to Ontario Investors in Improper Manner

A panel of the Ontario Securities Commission (OSC) confirms that it has approved a settlement agreement with Vantage Global Prime Pty Ltd (VGP) and Vantage International Group Ltd (VIG) for selling contracts for difference (CFDs) to Ontario investors in an improper manner. The settlement agreement… Read More

Digital Transformation: Microsoft Azure Cloud Platform to be Used by Canadian Imperial Bank of Commerce

The Canadian Imperial Bank of Commerce (CIBC) (TSE: CM), a multinational banking and financial services corporation headquartered in Toronto, Ontario, has entered a multi-year deal to use Microsoft Azure as its main Cloud platform. The partners noted in the announcement that Microsoft Azure should help… Read More

Toronto’s Clearco, Previously Clearbanc, Secures $215M in Growth Equity via Round led by SoftBank Vision Fund 2

Toronto-headquartered Clearco — which was previously doing business as Clearbanc — has secured $215 million in growth equity through a round that was recently led by the SoftBank Vision Fund 2. The firm is now focused on its global expansion efforts. Established in 2015, the… Read More

Kraken Now Offering Solana Trading, Staking in US, Canada, Australia, Covalent Trading Starts July 6 in Certain Areas

Following digital asset firm Kraken’s listing of Solana (SOL) on June 17, 2021 for most jurisdictions, the company is pleased to confirm that Solana trading and staking will be available to US, Canada and Australia residents as well. As mentioned in an update from Kraken:… Read More

Canadian Fintech Caary Capital, a Digital Lending and Payments Platform for SMEs, Secures Additional Funding

Canada- based Caary Capital, a Fintech firm focused on assisting SMEs, has secured $4.1 million through a seed equity round. As noted by the company: “CAARY is a Digital lending and payments platform targeting the SME space including startups. Through our platform and the partnerships… Read More

Overfunding: Fintech Emma Secures £1.8M+ via Crowdcube, Is Developing Crypto, Credit Scores, Stock Trading Services

Emma, a company that’s on a mission to be the control center for your money, has secured  £1,889,342 from 2,588 Investors (at the time of writing) via Crowdcube. Backed by Connect Ventures and other leading VCs, Emma had a £1,000,000 fundraising target. Emma reports a… Read More

Binance to Exit Ontario, Canada Markets, Following Crypto Regulatory Crackdown by OSC

Digital asset exchange Binance will reportedly stop offering services in Ontario, Canada after the local government decided to launch a regulatory crackdown on crypto-related businesses. Binance’s management confirmed on Friday (June 25, 2021) that all Ontario-based customers need to close out their active positions by… Read More

NEM Ventures Expands Early-Stage Ecosystem after Launch of Symbol, a Next-Gen Enterprise Blockchain

NEM Ventures has expanded its early-stage ecosystem after the launch of Symbol. As mentioned in a release shared with Crowdfund Insider, the NEM Ignite Incubator Program is now preparing promising or high-potential blockchain startups for market entry on Symbol. NEM Ventures, which is the VC… Read More

Digital Banking Fintech Payfare will Integrate Mastercard Send, Will Offer Real-Time Payments to Gig Workers

Payfare (TSX: PAY) reveals that it will be integrating Mastercard Send into its financial technology platform. This should allow the Fintech firm to expand its real-time payment options for the fast-evolving gig economy. Payfare, which powers virtual banking and instant payout solutions for leading on-demand… Read More

Wealthtech: d1g1t, which Leverages Analytics and Risk Management Tools for Wealth Management, Secures CAD 16M

d1g1t Inc., the provider of an enterprise-grade wealth management solution powered by analytics and risk management tools, has finalized a new round of funding worth CAD 16 million (appr. $13 million). d1g1t’s investment round was led by existing investor CI Financial Corp. and included contributions… Read More

Ontario Securities Commission has Taken Action Against Non-Compliant Global Crypto Trading Platform Bybit

The Ontario Securities Commission (OSC) announced on June 21, 2021 that it has taken action against “non-compliant” international cryptocurrency trading platform, Bybit. The OSC released a Statement of Allegations against Bybit Fintech Limited for “failing to comply with Ontario securities law.” Bybit is incorporated in… Read More

Cloudli Acquisition to Grow Presence in Canadian SMB Communications Market

Voice, data and messaging solutions provider Cloudli Communications, has acquired Omnivigil Solutions, a Quebec-based provider of cloud PBX, mass notification and call center solutions. The deal allows Cloudli to grow its customer base while simultaneously expanding its product offerings such as contact center, CRM and… Read More

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