Novacap, a Canada-based private equity firm, announced on Wednesday its portfolio company and payments tech platform Nuvei has acquired payment services SafeCharge International Group Limited for $889 million. According to Novacap, the acquisition creates a global leading payment solutions provider with significant scale, able to… Read More
The Canada Fintech Forum, a fintech event that is being held in Montréal, is set to host its seventh edition of showcasing the global trends of the fintech industry, as well as new applications of technology for the financial industry, and growing FinTech start-ups. “The… Read More
Royal Bank of Canada (RBC) announced on Wednesday the launch of its new mobile banking experience that is specifically for students. The RBC Mobile Student Edition was notably designed in collaboration with students to enable features that matter most to them. “The Student Edition hones… Read More
Canada-based fintech and global digital investing service, Wealthsimple announced on Tuesday it has selected Xignite to power its new online investment manager feature, Wealthsimple Trade, which is described as a new stock-trading mobile app, available in Canada. Wealthsimple reported that it is using Xignite financial… Read More
KoreConX announced on Wednesday the addition of DigiMax as an ecosystem KorePartner. DigiMax is publicly listed on the Canadian Securities Exchange through its parent company, DigiCrypts Blockchain Solutions. According to KoreConX, DigiMax Capital provides corporate advisory services to clients seeking to grow their businesses by… Read More
Sensibill, a Canada-based fintech startup, announced on Monday it secured $31.5 million through its Series B funding round, which was led by AI-focused venture fund Radical Ventures. Founded in 2013, Sensibill notably works with global financial institutions to solve their customers’ point of management receipt… Read More
Canadian fintech Mogo Finance Technology announced on Friday it has completed the business combination and formation with Difference Capital. Mogo reported that under the arrangement, it was combined with a wholly-owned subsidiary of Difference and each Mogo common share outstanding immediately prior to the Arrangement, other… Read More
Billtrust, a fintech firm focused on B2B payment cycle management, announced on Wednesday that B2B payments processor and commercial card issuer, Comdata, has joined Business Payments Network (BPN), enabling their 30,000 buyer customers to send payments to suppliers on BPN. Billtrust reported that through the… Read More
U.S.-based fintech Broadridge Financial announced on Monday it has completed its acquisition of RPM Technologies, a Canadian wealth management technology provider. Broadridge revealed it was acquiring the company last month for approximately $300 million. Broadridge stated at the time: “Building on Broadridge’s strong Canadian Wealth Management… Read More
KOHO, a fintech startup that offers Canadians an alternative to traditional banking, announced on Wednesday the launch of its new cashback program. This news comes just weeks after Koho successfully secured $42 million through its Series B funding round. As previously reported, Koho stated with… Read More
Cryptocurrency exchange Coinbase announced on Tuesday it is now expanding PayPal support for our customers in Canada. Coinbase reported that its customers in Canada may now instantly transfer sale proceeds directly into their PayPal accounts. “Coinbase is committed to being the most trusted crypto exchange… Read More
Portag3 Ventures, the venture capital arm of multi-asset class alternative investment platform Sagard Holdings, recently announced it has appointed six new senior advisors. Founded in 2016, Portag3 claims to be an early-stage investor that’s dedicated to backing the new generation of innovative, global financial services… Read More
Canadian fintech Katipult announced last week its 2019 first quarter financial results for the three-month period ended March 31st. The company revealed that the first quarter 2019 is the fifth consecutive quarter of higher subscription revenues and marks its highest recorded subscription revenue and total… Read More
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
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, 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
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, 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 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
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
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