Tagged: canada

Digital Assets: Canada based Blockstation to Power Jamaica Stock Exchange to Trade Crypto

Toronto based Blockstation has signed an agreement with the Jamaica Stock Exchange (JSE) to provide digital currency and token trading including settlement, trading and more. Blockstation is a company that provides existing stock exchanges to transition to a blockchain based transactions. Initially known as the… Read More

Canadian Fintech Progressa Secures $84 Million Through Latest Equity Funding Round Led By Canaccord Genuity & Gravitas

Progressa, a Vancouver-based financial technology company focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it secured $84 million through its latest equity funding round, which was led by Canaccord Genuity and Gravitas with participation from Eight Capital and Paradigm… Read More

OnDeck Closes on Two Asset Backed Credit Facilities Totaling $100 Million

Online lender OnDeck (NYSE:ONDK), has closed on two asset backed credit facilities totaling nearly $100 million. One in the amount of AUD 75 million with Credit Suisse, and another for CAD 50 million with Crédit Agricole, The two facilities will finance loan originations in Australia… Read More

Canada’s Largest Credit Union Coalition Joins Global Blockchain Ecosystem R3

The Large Credit Union Coalition (LCUC), a group comprising the CIOs of the 16 largest credit unions in Canada, announced on Tuesday it has joined enterprise software firm R3’s global blockchain ecosystem. The LCUC reported that it will join R3’s network of more than 200 financial… Read More

Canadian Fintech Citrusexchange Launches Supply Chain & Invoice Financing Blockchain Platform “Kwikxchange”

On Monday, Canadian fintech startup Citrusxchange Inc. announced it has launched its blockchain based supply chain and invoice financing platform, Kwikxchange.  The company reported its platform caters to small and medium enterprises seeking supply chain financing and invoice financing. The platform was also developed under… Read More

TD Bank Teams Up With Fintech BizEquity to Enhance Commercial Customer Experience

TD Bank announced on Tuesday it has formed a new partnership with BizEquity to provide its small and mid-size business customers and prospects from Maine to Florida a no-cost comprehensive business valuation through a cutting-edge digital application. The bank revealed that through its relationship with the Philadelphia-based fintech it now offers… Read More

Canada’s National Bank Launches New Mobile Point of Sale Solution Powered by Fintech Mobeewave

Last week, National Bank announced it has launched a new mobile point of sale solution, Easy Pay, which is powered by Montreal fintech, Mobeewave and will be used by SME clients. National Bank reported that by collaborating with its partner, Global Payments, it claims to… Read More

Peoples Trust Company Acquires Online Lending Platform Lendful

Peoples Trust Company, a federally chartered financial institution that has provided financial services to Canadians, announced this week it has acquired Vancouver-based online lending platform Lendful. According to the duo, Peoples Group’s key mission is to exceed customers’ expectation by providing access to financial products within select markets…. Read More

Interac Opens Outpost & Accelerator Innovation Lab at Communitech

Interac Corp. announced earlier this week the launch of its new Interac Lab, which is described as an innovation outpost and accelerator at the Kitchener-based tech hub, Communitech. According to Interac, the Interac Lab will support research and development, offering a space for hands-on experimentation…. Read More

Finance Montréal Announces Launch of the Montréal FinTech Station

Finance Montréal announce on Monday the launch of the Montréal FinTech Station, which had financial support from the Government of Québec. According to Finance Montréal, the Montréal FinTech Station’s mission will be to support the development of new businesses in the financial technology sector as well as help… Read More

PayStand Announces Expansion Into Canada: Now Offering New Domestic Payments Infrastructure

B2B payment platform PayStand announced on Tuesday it has expanded its digital platform in Canada in order to support domestic B2B commercial payments and continue the growth of its global payments infrastructure. The expansion into Canada comes less than one year after PayStand secured $6… Read More

Canadian Venture Capital Fund For Early Stage Fintech Companies Luge Capital Completes $75 Million Round of Financing

Luge Capital, a new venture capital fund specifically focused on early-stage fintech companies and artificial intelligence (AI) solutions applied to financial services, announced on Monday it has completed a $75 million round of financing to begin operations. The fund reported that Initially, $50 million of the raised capital was… Read More

Fintech Firm Flexiti Acquires TD Financing Services’ $250 Million Canadian Private Label Credit Card Portfolio

On Thursday, point-of-sale financing and payment tech provider Flexiti announced it has acquired TD Financing Services’ (TDFS) Canadian private label credit card portfolio, which is valued at approximately $250 million. According to Flexiti, the acquisition includes an equity investment of over $50 million led by… Read More

Cambridge Centre for Alternative Finance Launches Global Research to Provide the Most Comprehensive Research on Fintech Available Today

    The Cambridge Centre for Alternative Finance (CCAF), at the Judge School of Business at Cambridge University, has launched their annual research initiative pertaining to the global alternative finance industry. While in years past CCAF has staggered the research, this year they are commencing… Read More

Financial Management Platform Onist Forms Partnership With Fintech Firm Quovo to Provide Financial data to Canadian Clients

Onist, a collaborative financial platform that gives families and professionals a complete picture of household net worth and cash flow, announced on Tuesday it has formed a new partnership with fintech firm Quovo to provide reliable financial data to Onist’s Canadian clients. The collaboration comes just… Read More

California Fintech Firm Plaid Announces Canadian Expansion

Plaid, a California-based fintech firm, announced on Tuesday it is expanding into its first international market, Canada. Founded in 2012, Plaid focuses on enabling innovation and democratizing financial services through technology. The company reported it built consumer experience, developer-friendly infrastructure, and intelligence tools that give users… Read More

Canadian Blockchain Firm Decentral Announces Launch of Jaxx Liberty & Jaxx Unity

Decentral Inc., a Canada-based blockchain company and the creator of the multi-platform, multi-currency digital wallet Jaxx, has announced its next phase: Decentral Project, which was three years in the making. As part of the next phase, the company also unveiled the first three of the… Read More

VersaPay Announces Global Apparel Manufacturer Signs Agreement to Implement ARC Platform

VersaPay (TSXV: VPY),  a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, announced on Wednesday that a billion dollar, global manufacturer of private label apparel products has signed to implement ARC, Versapay’s proprietary accounts receivable… Read More

Canadian Fintech Mylo Launches Mobile Fundraising Platform “Round Up to Give”

Canada fintech startup, Mylo Financial Technologies (Mylo) announced earlier this week the launch of its mobile fundraising platform, Round Up to Give. The platform, in partnership with CanadaHelps’ online donation platform, is to make it possible for customers to donate spare change directly from their… Read More

Morgan Stanley to Host Inaugural Canada Technology Startup Day in Montreal

Morgan Stanley (NYSE: MS) announced on Thursday it is set to host its inaugural Canada Technology Start-up Day at its Montreal Technology Centre today. The financial giant reported that the invitation-only event is providing some of Canada’s most promising emerging technology companies with the opportunity for… Read More