Tagged: canada

December 9, 2019 @ 8:25 am By Samantha Hurst  |  

FlexPay, a Canada-based fintech that uses AI and machine learning to help merchants recover lost revenues from declined transactions, announced on Monday it secured $6 million through its latest investment round, which was led by Impression Ventures with participation from BMO Capital Partners and Anges… Read More

December 3, 2019 @ 11:39 am By Samantha Hurst  |  

Koho, a neobank that offers Canadians an alternative to traditional banking, announced this week its Series B funding round, which received $42 million and was led by Portag3 Ventures earlier this year, secured an additional $25 million from Drive Capital and National Bank of Canada. … Read More

November 28, 2019 @ 8:02 am By Omar Faridi  |  

The government of Ontario is looking to updating their regulatory policies for capital markets while reducing the regulatory burden. Improvements for both large and small firms are the goal. This includes innovative businesses in Fintech as they will receive: “more flexibility in the OSC’s approach… Read More

October 13, 2019 @ 8:30 pm By Samantha Hurst  |  

Apollo Exchange, a Canada-based insurtech startup, recently announced it has officially entered the U.S. insurance market. Apollo reported that it entered the American market with a liability insurance product tailored for educators in California. Its insurance product allows consultants, instructors, and therapists to purchase their… Read More

October 11, 2019 @ 9:33 am By Samantha Hurst  |  

Celero, a solutions integrator, and STACK, a Canadian fintech, announced on Thursday they have formed a strategic partnership to develop and launch Aura, which is a new digital member experience and rewards platform, exclusively for credit unions. The duo reported that by combining Celero’s expertise… Read More

October 8, 2019 @ 9:07 am By Samantha Hurst  |  

Canadian fintech Mogo Finance Technology announced on Tuesday it has formed a partnership with goeasy Ltd. (TSX:GSY)  to provide Canadians with personal loans up to $15,000 with terms of up to 5 years, all available quickly and conveniently from a mobile device using the Mogo app. According… Read More

September 27, 2019 @ 2:08 pm By Samantha Hurst  |  

Canada-based fintech and global digital investing service, Wealthsimple announced this week it has acquired SimpleTax, a Canadian web-based tax preparation service. According to Wealthsimple, both companies aim to further their joint mission of making financial tools simple and accessible to everyone. “The acquisition marks Wealthsimple’s… Read More

September 8, 2019 @ 10:20 pm By Samantha Hurst  |  

Blink, part of Leeds headquartered CPP Group Plc, recently announced it has teamed up with Canadian travel insurance group Manulife to support the roll-out of real-time insurance services. CPP claimed that since its inception in 2016, Blink has quickly established itself as one of the most… Read More

September 6, 2019 @ 2:43 pm By Samantha Hurst  |  

goeasy Ltd. (TSX: GSY), a provider of financial services for non-prime Canadians, announced earlier this week it has formed a new partnership and invested in PayBright, a Canadian fintech platform focused on instant point-of-sale consumer financing and installment payment plans. goeasy reported that through the… Read More

August 23, 2019 @ 10:35 pm By Samantha Hurst  |  

iCASH, a Canada-based fintech platform, announced on Thursday after three years of lending operations, it has surpassed $100 million in consumer loans. Launched in 2016, iCASH stated it is focused on helping Canadian consumers “address their cash flow needs” by paying more attention to their… Read More

August 14, 2019 @ 8:27 am By Samantha Hurst  |  

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

August 12, 2019 @ 4:07 pm By Samantha Hurst  |  

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

August 8, 2019 @ 8:39 am By Samantha Hurst  |  

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

July 30, 2019 @ 8:38 am By Samantha Hurst  |  

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

July 11, 2019 @ 7:56 am By Samantha Hurst  |  

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

July 8, 2019 @ 2:54 pm By Samantha Hurst  |  

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

June 21, 2019 @ 9:48 pm By Samantha Hurst  |  

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

June 13, 2019 @ 7:48 am By Samantha Hurst  |  

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

June 10, 2019 @ 9:57 am By Samantha Hurst  |  

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

June 5, 2019 @ 10:35 am By Samantha Hurst  |  

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