Tagged: canada

April 29, 2020 @ 10:36 am By Samantha Hurst  |  

XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Wednesday it has listed its common shares for trading on the Frankfurt Stock Exchange (Deutsche Boerse AG) under the “7XT” symbol. XTM reported its shares will now be cross-listed on the… Read More

April 26, 2020 @ 2:37 pm By Omar Faridi  |  

The largest financial institutions in Canada have reportedly spent over $71 billion (appr. C$100 billion) on technology since the financial crisis, in order to accommodate an increasing number of customers who now prefer to use digital banking platforms. According to several reports, the Coronavirus (COVID-19)… Read More

April 24, 2020 @ 12:19 pm By Samantha Hurst  |  

OneEleven, a Toronto-based technology incubator, announced on Wednesday it has officially ceased operations due to COVID-19’s economic impacts. Established in 2013, OneEleven describes itself as home to a community of high-performing technology scaleups, with global locations that provide unparalleled access to peer networks, investment capital,… Read More

April 22, 2020 @ 10:08 pm By Omar Faridi  |  

Canada-based Mobeewave, a certified platform that allows mobile app users to accept in-person payments without requiring extra hardware, is introducing several new features that aim to remove existing contactless payments limits for retailers and consumers, by using the Fintech firm’s proprietary tap-to-phone technology. Mobeewave’s payment… Read More

April 15, 2020 @ 4:31 pm By Samantha Hurst  |  

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) recently announced it acquired 30 Megawatts (MW) Cryptocurrency, which is located in Canada, for C$4 million. 30 MW was purchased from Cryptologic. HIVE reportedly issued 15,000,000 common shares to Cryptologic, which are notably subject to a four-month lock-up agreement,… Read More

April 13, 2020 @ 3:54 pm By Samantha Hurst  |  

Dealsquare, securities marketplace for private placements, announced on Monday it has achieved full digitalization of private placement process in Canada by launching its Version 2.0 platform. Founded in 2019, DealSquare describes itself as a centralized digital platform to access capital within the private markets, connecting capital… Read More

April 6, 2020 @ 10:52 am By Omar Faridi  |  

A Canada-headquartered firm is using blockchain or distributed ledger technology (DLT) to deal with the Coronavirus (COVID-19) crisis in the Latin American region. Toronto-based blockchain firm Emerge has introduced a public safety system app, known as Civitas, in order to help local authorities in many… Read More

April 3, 2020 @ 11:51 am By Samantha Hurst  |  

Canadian regtech company iComply Investor Services announced earlier this week the launch of its new $2 million COVID-19 relief grant, the iComply for Good Services Grant.  According to iComply, iComply for Good‘s purpose is to strengthen the resilience, continuity, and remote operations capacity of our community organizations… Read More

March 25, 2020 @ 7:35 am By Omar Faridi  |  

Canada-based NorthOne, an established digital bank for small businesses, has decided to waive all account fees for thousands of its customers that have been affected by the coronavirus (COVID-19) outbreak. NorthOne’s management confirmed that it will be offering free banking services to all businesses in… Read More

March 18, 2020 @ 10:37 am By Samantha Hurst  |  

WealthyPlanet, a Canada-based online financial planning company, announced on Wednesday it has closed a seed funding round with Mercanti Management Inc. Founded in 2018, WealthyPlant states it gives Canadians “confidence” in their financial future by offering a free online planning tool with low-fee products and… Read More

March 13, 2020 @ 3:05 pm By Samantha Hurst  |  

PolicyMe, a Canada-based insurtech startup, recently announced it secured $3.3 million through its latest investment round, which was co-led by Consorcio – HCS Capital and Westdale Properties. Founded in 2018, PolicyMe is on a mission to simplify life insurance, offering customized, and automated advice for… Read More

March 12, 2020 @ 8:31 am By Samantha Hurst  |  

Bitfarms, a Canada-based crypto mining firm, announced on Wednesday the resignation of its CEO, Wes Fulford. The company reported that its Chief Strategy Officer and Director, Emiliano Grodzki, will act as interim CEO and will oversee the execution of the company’s plans in the near-term…. Read More

March 10, 2020 @ 2:15 pm By Samantha Hurst  |  

NorthOne, a Canada-based mobile banking platform for small businesses, freelancers, and startups,  recently announced its as secured $21 million through its Series A funding round, which was led by Shiran Shalev from Battery Ventures, with participation from Redpoint Ventures, and Tom Williams. Founded in 2016,… Read More

March 4, 2020 @ 11:55 am By Samantha Hurst  |  

U.S. fintech Brex announced on Wednesday the opening of its new office in Vancouver. The company reported that the location is its first-ever international office and will staff around 40 employees. The initial focus of the location will be software engineering and customer experience functions…. Read More

March 3, 2020 @ 12:14 pm By Omar Faridi  |  

Canadian residents will soon have the option to open a new savings account, which will be introduced by Fintech firm Neo Financial. The banking challenger is currently working on a 2020 product launch. Neo Financial has been established by two of the co-founders of SkipTheDishes,… Read More

February 27, 2020 @ 11:49 am By JD Alois  |  

The Canadian Securities Administrators (CSA) is seeking comment on proposed harmonized rules for start-up securities crowdfunding, according to a note from the CSA. Online capital formation platforms and industry supporters have long chafed under fragmented investment crowdfunding rules. A call to action by certain thought… Read More

February 26, 2020 @ 7:22 am By Omar Faridi  |  

The Bank of Canada might not have any concrete plans for introducing a digital currency anytime soon, however, the nation’s reserve bank says it’s not completely ruling out the idea of issuing its own virtual currency. It might become necessary to issue a central bank… Read More

February 25, 2020 @ 1:30 pm By Samantha Hurst  |  

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

February 23, 2020 @ 9:17 pm By Samantha Hurst  |  

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

February 11, 2020 @ 10:42 am By Samantha Hurst  |  

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