Tagged: canada

Online Lender Lendified Raises Capital on FrontFundr & DealSquare, Seeks $4 Million

Lendified, a Canadian online lending platform, is cross-listing a securities offering on crowdfunding platform FrontFundr and DealSquare.  Peter-Paul Van Hoeken, founder and CEO of Silver Maple Ventures, labeled the offering a “ground-breaking development for the private markets.” DealSquare is a new platform created by NEO… Read More

Great Hill Completes Acquisition of VersaPay

Growth-oriented private equity firm Great Hill announced on Friday it has completed its acquisition of VersaPay (TSXV: VPY),  a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment. Great Hill reported that under the Arrangement, each VersaPay shareholder will receive cash consideration of… Read More

Square Announces Acquisition of Dessa

Payments platform Square recently announced it has acquired Dessa,  which is described as a Toronto-based company building machine learning applications that address significant “real-world challenges” for all types of businesses.  According to Square, the acquisition of Dessa will help the platform further boost its machine… Read More

Quantum Computing: Canada’s Third-Largest Bank, Scotiabank, Is Exploring Ways to Upgrade Systems to Make them Quantum-Resistant

The field of quantum computing, which breaks away from the traditional binary computing model, has made considerable advancements in the past 20 years. The Bank of Nova Scotia (Scotiabank), the third-largest bank in Canada in terms of market capitalization and deposits, has been exploring different… Read More

Canadian E-Commerce Platform Lightspeed Teams Up With Stripe to Launch New Integrated Payment Capabilities in North America

Lightspeed, a Canada-based e-commerce platform, announced on Thursday it has launched new integrated payment capabilities in North America. The expansion is through Lightspeed’s partnership with Stripe. Founded in 2005, Lightspeed provides customers with a way to build, manage, and grow retail, restaurant, or commerce business… Read More

CIBC’s Mobile Banking App Turns 10 Years Old, Marking the Moment When Bank Became First in Canada to Offer the Service

CIBC’s mobile banking app recently turned 10 years old, notably marking a decade since the institution became the first large Canadian financial institution to provide an innovative mobile banking app to customers. In a February 2 press release, CIBC reflected on the key milestones the… Read More

University of Toronto Joins Forces With Trilogy Education to Launch FinTech Boot Camp in Toronto

University of Toronto School of Continuing Studies (SCS) announced on Tuesday it has joined forces with Trilogy Education, a 2U, Inc. brand and leading workforce accelerator, to launch a fintech boot camp in the city. According to the school, the University of Toronto SCS FinTech Boot… Read More

Mastercard Announces New Global Intelligence & Cyber Center in Vancouver

Mastercard announced on Thursday its new Intelligence and Cyber Center. The center, which is located in Vancouver, Canada. is expected to expand the multinational financial services giant’s Canadian presence by creating and maintaining a total of 380 jobs, and accelerate innovation in digital and cybersecurity,… Read More

Digital Banking Service Provider Metro Bank Partners Canadian Fintech Sensibill to Test App-based Online Receipt System

UK-based digital bank Metro Bank Plc recently revealed that it has teamed up with Canadian Fintech firm Sensibill in order to test out an app-based online receipt system made for small businesses. Metro bank notes that it’s inviting small business owners to take part in… Read More

Great Hill Announces Plans to Acquire VersaPay

Growth-oriented private equity firm Great Hill announced on Friday it is set to acquire VersaPay (TSXV: VPY),  a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment. According to the duo, Great Hill will indirectly acquire all of the issued and outstanding common… Read More

FrontFundr Officially Announces Partnership with DealSquare thus Expanding Investor Access to Private Securities Offerings

Peter-Paul Van Hoeken

FrontFundr, Canada’s largest equity crowdfunding platform and exempt market dealer, has partnered with DealSquare, a centralized platform for private securities offerings. Crowdfund Insider previously revealed the news when it was posted on an affiliated website. Silver Maple Ventures, the holding company of FrontFunder, said in… Read More

Canadian Fintech FlexPay Secures $6 Million Through Latest Investment Round Led By Impression Ventures

FlexPay, a Canada-based fintech that uses AI and machine learning to help merchants recover lost revenues from declined transactions, announced on Monday it secured $6 million through its latest investment round, which was led by Impression Ventures with participation from BMO Capital Partners and Anges… Read More

Canadian Neobank Koho’s Series B Funding Round Secures Additional $25 Million

Koho, a neobank that offers Canadians an alternative to traditional banking, announced this week its Series B funding round, which received $42 million and was led by Portag3 Ventures earlier this year, secured an additional $25 million from Drive Capital and National Bank of Canada. … Read More

Ontario’s Government to Reduce Regulatory Burdens, Improve Innovation in Fintech Including Harmonized Crowdfunding Rules

The government of Ontario is looking to updating their regulatory policies for capital markets while reducing the regulatory burden. Improvements for both large and small firms are the goal. This includes innovative businesses in Fintech as they will receive: “more flexibility in the OSC’s approach… Read More

Canadian Insurtech Apollo Enters U.S. Market

Apollo Exchange, a Canada-based insurtech startup, recently announced it has officially entered the U.S. insurance market. Apollo reported that it entered the American market with a liability insurance product tailored for educators in California. Its insurance product allows consultants, instructors, and therapists to purchase their… Read More

Celero Teams Up With STACK to Launch Digital Member Experience & Rewards Platform Aura

Celero, a solutions integrator, and STACK, a Canadian fintech, announced on Thursday they have formed a strategic partnership to develop and launch Aura, which is a new digital member experience and rewards platform, exclusively for credit unions. The duo reported that by combining Celero’s expertise… Read More

Canadian Fintech Mogo Unveils Digital Lending Pilot With goeasy

Canadian fintech Mogo Finance Technology announced on Tuesday it has formed a partnership with goeasy Ltd. (TSX:GSY)  to provide Canadians with personal loans up to $15,000 with terms of up to 5 years, all available quickly and conveniently from a mobile device using the Mogo app. According… Read More

Wealthsimple Announces Acquisition of Tax Software Company Simpletax

Canada-based fintech and global digital investing service, Wealthsimple announced this week it has acquired SimpleTax, a Canadian web-based tax preparation service. According to Wealthsimple, both companies aim to further their joint mission of making financial tools simple and accessible to everyone. “The acquisition marks Wealthsimple’s… Read More

CPP Group’s Insurtech Blink Teams Up With Canadian Travel Insurer to Roll Out Real-Time Insurance Services

Blink, part of Leeds headquartered CPP Group Plc, recently announced it has teamed up with Canadian travel insurance group Manulife to support the roll-out of real-time insurance services. CPP claimed that since its inception in 2016, Blink has quickly established itself as one of the most… Read More

Financial Services Provider goeasy Announces New Partnership & Equity Investment in Fintech PayBright

goeasy Ltd. (TSX: GSY), a provider of financial services for non-prime Canadians, announced earlier this week it has formed a new partnership and invested in PayBright, a Canadian fintech platform focused on instant point-of-sale consumer financing and installment payment plans. goeasy reported that through the… Read More

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