Tagged: canada

February 6, 2023 @ 4:07 pm By Omar Faridi  |  

Vancity took another step recently in its commitment to climate action. It is reportedly one of the first financial institutions in Canada “to offer its members a way to estimate the CO2 emissions that come from their purchases.” Every Vancity Visa credit cardholder “can track… Read More

January 24, 2023 @ 10:06 am By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that makes it easy for North Americans to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group, a developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased “to report… Read More

January 10, 2023 @ 10:49 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian fintech company, and Paya Holdings Inc. (Nasdaq: PAYA), a provider of integrated payment and commerce solutions in the U.S., announced that they have “entered into a definitive agreement whereby Nuvei will acquire Paya in an all-cash transaction at USD… Read More

January 10, 2023 @ 9:30 pm By Omar Faridi  |  

As many Canadians set their financial goals for the year ahead, CIBC announced the launch of CIBC Smart Planner, which is described as “an easy to use, self-serve digital tool that takes the complexity out of managing finances and offers personalized advice.” CIBC Smart Planner… Read More

December 31, 2022 @ 11:21 am By Omar Faridi  |  

Sezzle Inc. (ASX: SZL), a Buy Now, Pay Later (BNPL) solution in Canada, recently announced the expansion of Sezzle Up, a consumer credit-product, into the Canadian market. For Canadians who are either credit unserved or underserved, “the lack of a credit score and any history… Read More

December 22, 2022 @ 5:16 pm By Omar Faridi  |  

According to Mastercard (NASDAQ: MQ) SpendingPulseTM, which measures in-store and online retail sales across all forms of payment, Canadian retail sales, “excluding automotive, increased +3.8% YOY, (+15.6% YO3Y) in November.” While E-commerce sales were :down this month -3% YOY, growth remains strong since pre-pandemic at… Read More

November 22, 2022 @ 10:57 pm By Omar Faridi  |  

Propel Holdings Inc. (TSX: PRL), a Fintech company dedicated to credit inclusion, announced that it has entered the Canadian market with its new brand, Fora CreditTM (Fora) – “a convenient online credit solution for underserved Canadian consumers.” Nearly 25 per cent of Canadians “are either… Read More

November 21, 2022 @ 11:20 am By JD Alois  |  

The Canadian Securities Administrators (CSA) has issued a warning on trading crypto assets as they may not be suitable for some investors, “in particular retail investors.” The CSA noted that crypto tends to be a highly volatile asset. The CSA also cautioned that there are… Read More

November 10, 2022 @ 4:15 pm By Omar Faridi  |  

Society Pass Incorporated (SoPa) (Nasdaq: SOPA), Southeast Asia’s data-driven fintech and e-commerce ecosystem, announced the establishment of a strategic cryptocurrency payment partnership with Canada-based CoinSmart Financial Inc, a Toronto-headquartered crypto asset trading platform. Under this paradigm-shifting collaboration, SmartPay by CoinSmart “provides transaction settlement services in… Read More

November 8, 2022 @ 11:27 pm By Omar Faridi  |  

TMX Group Limited (TSX:X) announced that it has agreed to acquire Boston-based Wall Street Horizon, Inc. (WSH), a provider of global market-moving action and global corporate event data. Jay Rajarathinam, Chief Operating Officer, TMX Group, said: “TMX Group is committed to serving the evolving needs… Read More

October 19, 2022 @ 11:06 pm By Omar Faridi  |  

Visa (NYSE: V) has announced new collaborations across the payment ecosystem, “to bring Installments enabled by Visa to more eligible credit cardholders.” With Installments enabled by Visa, consumers have the option “to convert qualifying purchases into smaller, predictable installment payments made over a defined period… Read More

October 18, 2022 @ 5:13 pm By Omar Faridi  |  

Following Kraken’s listings of Altair (AIR), Basilisk (BSX), Bifrost (BNC), Karura (KAR), KILT (KILT), Kintsugi (KINT), Moonriver (MOVR), Phala (PHA) and Tokemak (TOKE) for most countries, Kraken is pleased to announce “the availability of these tokens for residents of the United States and Canada.” Funding… Read More

October 7, 2022 @ 5:49 pm By Omar Faridi  |  

Visa Canada and TD Securities announced an innovative collaboration as TD becomes the first Canadian financial institution “to join Visa B2B Connect, a cross-border business-to-business (B2B) payments network, enabling account to account, international payments quickly, securely, and with predictability.” According to Visa (NYSE: V) research,… Read More

October 6, 2022 @ 6:43 pm By Omar Faridi  |  

RBC announced it has acquired MDBilling.ca, a cloud-based platform that automates and simplifies medical billing for Canadian physicians. The company joins Dr.Bill at RBC, another medical billing company “acquired by the bank in 2020.” Founded in 2008, Toronto-based MDBilling.ca’s product offering is “rooted in its… Read More

October 3, 2022 @ 2:01 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) recently announced insider trading charges against two Canadian software engineers who reportedly “made $1.6 million by trading ahead of non-public, market-moving financial information.” According to the SEC’s complaint, from at least May 2018 to July 2021, Harpreet Saini… Read More

September 27, 2022 @ 7:42 pm By Omar Faridi  |  

Visa (NYSE: V), one of the world’s leaders in digital payments, has announced its participation in the Canadian expansion of instant transfers, Square‘s solution for rapid merchant settlement. Square’s instant transfers are “enabled by Visa Direct, a VisaNet processing capability helping transform global money movement… Read More

September 27, 2022 @ 4:27 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced the expansion of its relationship with Amazon to Canada, bringing “increased payment flexibility and transparency to customers shopping on Amazon.ca.” This payment option will be “available during checkout to all… Read More

September 27, 2022 @ 2:48 pm By Omar Faridi  |  

Classiq, which claims to be the leader in quantum computing software, announced another significant expansion of its series B round to $49M by Canadian-Israeli VC Awz Ventures, from “an initial closing of $36M by strategic investors—in the largest quantum software round to date.” Awz Ventures… Read More

September 12, 2022 @ 11:17 pm By Omar Faridi  |  

Canadian Fintech companies saw US$810 million in total investment “across 85 deals in the first half of 2022, down from US$1.9 billion in the second half of 2021.” This, according to an update from KPMG. It was also a notable drop “compared to the first… Read More

September 12, 2022 @ 10:16 am By Omar Faridi  |  

ForwardAI, a Fintech providing aggregated access to accounting & business data and analysis, announced today its partnership with Swoop Funding, the one-stop money shop “for businesses in Australia, Canada, Ireland, and the UK.” Through the partnership, Swoop Funding will be “augmenting its current data collection… Read More