Tagged: canada

August 20, 2021 @ 2:57 pm By Tony Zerucha  |  

The Canadian government has released its report into open banking. Final Report: Advisory Committee on Open Banking is available here. The vision for a Canadian system should be governed by six outcomes: consumer data is protected; consumers are in control of their data; consumers receive… Read More

August 18, 2021 @ 1:35 pm By Omar Faridi  |  

The team at Figment is pleased to confirm that during Q2, they secured $50 million from institutional as well as strategic partners in the “largest funding round to date for any staking provider.” As mentioned in the update from Figment: “Led by Senator Investment Group… Read More

August 16, 2021 @ 11:30 am By Omar Faridi  |  

We recently caught up with Steve Pinado, President at Billtrust (NASDAQ: BTRS), a B2B accounts receivable (AR) automation and integrated payments provider. Pinado explained how automation trends have been accelerating at warp speed during the COVID-19 pandemic. Last month, the team at Billtrust had shared… Read More

August 13, 2021 @ 10:13 am By Omar Faridi  |  

TMX Group reveals that it has finalized the acquisition of AST Investor Services Inc. (Canada) and its subsidiary AST Trust Company (Canada), an established provider of transfer agency, corporate trust, and various other services. As mentioned in the announcement, the total consideration of the acquisition… Read More

August 10, 2021 @ 10:46 am By Omar Faridi  |  

Canada-based Scotiabank (TSE: BNS) is reportedly converting credit card repayments into Buy Now, Pay Later or BNPL options, by offering customers the ability to pay off their debt in 3, 6, or 12-month fixed-installment payments. Currently available for purchases over $100 in-store or online, clients… Read More

August 8, 2021 @ 7:00 pm By Omar Faridi  |  

We recently connected with Yair Benyamini, CEO and Co-Founder of Lendai. Founded during the COVID-19 crisis, the disruptive digital-first lender allows foreign and non-resident investors to buy US properties through an online mortgage approval process that takes around one week. According to Lendai, this is… Read More

August 6, 2021 @ 5:34 pm By Omar Faridi  |  

Sensibill has teamed up with CAARY in order to bring “robust” digital finance solutions to SMEs. Through the partnership, CAARY and Sensibill aim to assist Canadian businesses with tracking their spending and managing their finances. As stated in the announcement: “We’re pleased to share that… Read More

August 6, 2021 @ 5:24 pm By Omar Faridi  |  

Trulioo, a global identity verification firm, reveals that it has teamed up with three wealth management companies in order to assist them with meeting compliance requirements and will be helping them with verifying their clients. As mentioned in a release shared with CI: “Through the… Read More

July 28, 2021 @ 10:04 am By Omar Faridi  |  

Payfare Inc. (TSX: PAY), a Fintech that’s powering instant payout and digital banking services for contract workers, reveals that it has been issued a Visa Ready certification via the Visa Ready for Fintech Enablers program. The Visa Ready Fintech Enablement program offers partners such as… Read More

July 26, 2021 @ 6:10 pm By Omar Faridi  |  

Canada-based Paystone has acquired CAD 30 million in capital from the private equity division of Crédit Mutuel Alliance Fédérale. Paystone‘s payment processing and customer engagement solutions are currently being used by more than 30,000 merchants in Canada as well as the US. They collectively handle… Read More

July 24, 2021 @ 3:30 pm By Omar Faridi  |  

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

July 24, 2021 @ 11:43 am By Omar Faridi  |  

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

July 23, 2021 @ 6:52 pm By Omar Faridi  |  

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

July 22, 2021 @ 9:53 pm By Omar Faridi  |  

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

July 21, 2021 @ 12:04 pm By Omar Faridi  |  

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

July 19, 2021 @ 2:25 pm By Omar Faridi  |  

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

July 18, 2021 @ 11:33 am By Omar Faridi  |  

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

July 17, 2021 @ 11:28 am By Omar Faridi  |  

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

July 16, 2021 @ 2:51 pm By Omar Faridi  |  

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

July 12, 2021 @ 7:22 pm By Omar Faridi  |  

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