Tagged: toronto

QuadFi Acquires $100M Financing Facility with Crayhill Capital Management

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QuadFi, which claims to be a “mission driven” global fintech firm headquartered in Canada, has announced that it entered into an agreement for “a new financing facility of up to $100 million (CAD $127 million) with Crayhill Capital Management, a New York-based minority-owned private credit… Read More

360 Web3 Tween Brand Lumiii and Crypto Reward Company Cultos to Introduce Loyalty Program

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Crypto rewards platform Cultos recently announced that it has teamed up with gaming company Secret Pirates in order to launch “an exclusive loyalty program for Lumiii, the decentralized edutainment ecosystem.” Lumiii’s animated series, The Secret Order of Lumiiis™, and its blockchain games empower players and… Read More

London’s Lendable Announces £210M Round led by Ontario Teachers’ Pension Plan Board

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Lendable, an AI-enhanced consumer finance platform, has announced a £210 million funding round at a valuation “in excess of £3.5 billion.” The round has reportedly been led by the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP). TIP focuses on… Read More

California based Fintech Tipalti Remains Focused on Expanding Operations, After Doubling Payment Volume

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Fintech firm Tipalti reveals that its clients are now reporting steady growth. Recently, the firm noted that its payment volume increased 2x last year to over $36 billion. The San Mateo based Fintech company assists Amazon Twitch (Nasdaq: AMZN), Roblox (NYSE: RBLX) and other businesses… Read More

Fintech Engage People, a Loyalty Network Enabling Payments with Points at Checkout, Reports Steady Growth

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Engage People, the loyalty network that enables program members to pay with points (PwP) directly at checkout, recently reported a 33% increase in YoY revenue in 2021. Access+, Engage People’s platform that powers the loyalty network and PwP capabilities, grew revenue “by 94% – a… Read More

TMX Group Acquires Minority Interest in SigmaLogic, a US based Fintech Firm

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TMX Group Limited (TMX) recently announced that it has closed an equity investment, “acquiring a minority interest” in SigmaLogic, Inc. (DBA ETFLogic), a US-headquartered Fintech and provider of analytics and portfolio tools to the wealth management sector and investment fund manufacturers. This investment follows the… Read More

Tier1 Financial Solutions Appoints Compliance Software Sales Exec Megan Howe to Expand North American Presence

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Tier1 Financial Solutions, a provider of capital markets and investment banking client relationship management solutions, and AML compliance and fraud prevention solutions, has appointed Megan Howe as MD, North America Sales. Howe will be responsible for “driving compliance software and buy-side CRM sales in North… Read More

Payables Automation Fintech Tipalti Looking to Expand Professional Team in 2022

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Tipalti, a global, scalable payables automation solution provider for high-velocity companies, is reportedly recruiting talent for its new location, looking mainly for Account Executives, Sales Development Reps, Solutions Consultants, Alliances and Sales Operations. Tipalti claims to be the only international payables automation solution for enhancing all… Read More

Digital Payments Fintech Clik2pay Extends Product Offering with Flexible QR Code Feature

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Payment service provider Clik2pay introduced its latest product capability at the Telecommunications Risk Management Association of Canada (TRMA Canada) Conference, which was held in Toronto. Building on the established Clik2pay service, which enables consumers to make secure payments directly via their banking accounts, this capability… Read More

Nuvei Corp. Teams Up with Visa to Offer US Customers Access to Faster Payments via Visa Direct

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Nuvei Corporation (Nasdaq and TSX: NVEI), the international payment tech partner of major brands, reveals that it’s teaming up with Visa, the leader in virtual payments, in order to offer Nuvei’s US customers with access to quick payouts via implementation of Visa Direct, which is… Read More

IPC Point of Trade Voice Transaction Data to be Integrated with Overbond AI Algos Powering Automated Fixed-Income Trading

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Overbond and IPC have announced a new partnership focused on accelerating the automation of fixed-income trading with voice-to-AI technology. Overbond is teaming up with IPC, a provider of secure, compliant communications and multi-Cloud connectivity services for the international financial markets, in order to integrate IPC’s… Read More

TMX Group Finalizes Acquisition of Canada’s AST Investor Services Inc and its Subsidiary AST Trust Co.

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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

Payfare, a Fintech Powering Instant Payout and Digital Banking for Contractors, Issued Visa Ready Certification

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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

Revenue-based Finance Firm Capchase Raises $280 Million From i80 Group

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Over the last few months, platforms that have been providing non-dilutive financing or revenue-based financing are attracting several large venture capital firms globally. One such platform is US-based fintech Capchase that has raised $280 million in debt and equity funding from i80 Group. The Spanish-American… Read More

Digital Transformation: Microsoft Azure Cloud Platform to be Used by Canadian Imperial Bank of Commerce

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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

Toronto’s Clearco, Previously Clearbanc, Secures $215M in Growth Equity via Round led by SoftBank Vision Fund 2

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Toronto-headquartered Clearco — which was previously doing business as Clearbanc — has secured $215 million in growth equity through a round that was recently led by the SoftBank Vision Fund 2. The firm is now focused on its global expansion efforts. Established in 2015, the… Read More

Canadian Fintech Caary Capital, a Digital Lending and Payments Platform for SMEs, Secures Additional Funding

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Canada- based Caary Capital, a Fintech firm focused on assisting SMEs, has secured $4.1 million through a seed equity round. As noted by the company: “CAARY is a Digital lending and payments platform targeting the SME space including startups. Through our platform and the partnerships… Read More

Tech, Law, Finance-focused GreenSky Capital Finalizes Fourth Venture Fund, Invests in Cloud-based Software Firm

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GreenSky Capital Inc. recently revealed that it has finalized its fourth affiliated venture fund, the GreenSky Accelerator Fund IV, LP. The Fund reportedly has $15 million to invest in Canada‘s early-stage tech firms. The Fund’s limited partners are “composed of a network of private Canadian… Read More

Digital Asset Payment Service Provider Banxa Integrates its Crypto to Fiat Gateway with Bancor

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Banxa, an established payment service provider (PSP) for the crypto-asset sector, has reportedly integrated its crypto-to-fiat gateway with Bancor, a liquidity protocol enabling automated cross-chain swaps and liquidity provision to various digital tokens. Through this latest integration, Bancor users will have the option to buy… Read More

10 High-Potential Fintech Firms Chosen for 11th Annual Fintech Innovation Lab New York

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Ten high-potential technology firms have reportedly been chosen for 11th Annual Fintech Innovation Lab New York. As noted in the announcement (published on April 7, 2021), Fintech solutions aim to leverage AI and advanced data analytics to “address key industry challenges including sustainability.” As mentioned… Read More

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