Tagged: toronto

Providing SMEs Access to More Capital: Lending Loop Syncs with Ontario Government

Online P2P lender Lending Loop has partnered with the Ontario government to launch a pilot project that will provide $3M in loans over the next two years, according to the Globe and Mail. The article indicated that the Ontario government will boost Toronto-based Lending Loop’s… Read More

NFCA’s VanFUNDING 2017 to Bring More Than 50 Leading Blockchain, Fintech, & Capital Innovation Experts to Vancouver Last Weekend of November

National Crowdfunding Association of Canada (NFCA)’s VanFUNDING, a West Coast event that’s dedicated to connecting people to partnerships, investment, and business opportunities, announced on Wednesday it is bringing its 2017 Blockchain, Fintech, Funding Conference and RegTech Hackathon to Vancouver on November 28th at the Morris… Read More

Ontario Fintech Firm Wave Raises US $24 Million in Series D

This week, Canadian fintech company Wave, which is based out of Toronto, Ontario, announced it had closed on $32 million CAD (about US $24 million) of funding for its Series D round. The funding was led by investments from the Royal Bank of Canada (RBC) and National… Read More

Toronto Financial Services Alliance Says Strengthening Fintech Ecosystem Must Be a Priority

The Toronto Financial Services Alliance (TFSA) says Canada’s financial service relevance is at risk unless the Fintech ecosystem is improved. According to the TFSA, the situation is an imperative if the country wants to grow the region’s market position. TFSA has published a report specifically… Read More

Rapid Growth: Flexiti Team Adds COO Jerome Peeters & CRO Colin Franks

It’s been a busy few weeks for the Flexiti Financial team, having added its first Advisory Board Members, Diane Brisebois and Rick Padulo last month. The Toronto-based a provider of point-of-sale financing and payment technology for retailers, announced the appointment of Jerome Peeters as Chief Operating Officer (COO) and… Read More

Scotiabank Launches Digital Factory in Toronto Following QED Investors Latin American Fintech Partnership Announcement

Canadian multinational bank Scotiabank announced on Friday it is launching what it calls a “Digital Factory” as a way to help accelerate the fintech industry while also helping to improve its customers’ experience in mobile and digital banking transactions, account opening, loan adjudication, and mortgage… Read More

Canada Fintech Vy for Top Global Ranking; Investments Reach Highest Level

In addition to Asia’s steady to accelerated growth in the fintech sector, we can now add Canada’s success in the industry.  According to a Reuters report, Canada’s fintech companies saw last year their highest levels of VC-backed investments in nearly two decades.  This occurred even… Read More

CanTech Update: Equifax Partners with MaRS Discovery District to Explore Co-Development & Co-Innovation Opportunities

Equifax Canada (NYSE: EFX) has partnered with MaRS Discovery District, a Toronto-based innovation hub.  MaRS supports promising young ventures tackling key challenges in the health, cleantech, finance & commerce, and work & learning sectors. As a new corporate partner for MaRS’ FinTech Cluster, Equinox hopes to increase its participation… Read More

Brief: Toronto Fintech Startup nanoPay Secures $10M During Series A Funding Round

nanoPay, an early-stage fintech company based in Toronto that provides a secure, real-time payments platform, announced on Wednesday it has secured $10 million during a Series A funding round. Participants in the round reportedly included The Merchant Banking Division of Goldman Sachs, APAGM Services LLC… Read More

IBM Joins Fintech Hub in Toronto’s MaRS Discovery District

On Tuesday, technology giant IBM announced it is set to join the fintech hub in Toronto’s MaRS Discovery District. The high profile company is said to be the first technology resident that will be located in the space, which is occupied by mainly financial services… Read More

Bill Nye Filmmaking Labs Offer Up New Kickstarter Documentary Update

Last week, the Bill Nye Film crew shared some details about the Kickstarter-funded documentary project. The project surfaced on the crowdfunding platform last summer and captured $859,425 from 16,850 backers. According to a new update, the project has met up with various scientists to chat about Nye’s impact on… Read More

Canadian nTrust Links with MaRs Discovery District Fintech Hub: Leveraging Tech to Liberate Money

nTrust, a fintech platform that allows users to transfer money via mobile, tablet or desktop to anyone, anywhere, noted its induction into MaRS Discovery District’s Financial Technology (FinTech) Cluster. Bridging the gap between stakeholders and innovators, MaRS’ FinTech hub seeks to connect the financial services sector with… Read More

University of Toronto Innovation Lab Publishes Report: Current State of Toronto’s FinTech Innovation Ecosystem

Toronto has all the ingredients necessary to become a major fintech hub but is failing to compete with the likes of London and New York because it has not developed a proper ecosystem, according to the new report, “Current State of the Financial Technology Innovation… Read More

NexusCrowd Closes Online Investment Offering for Canadian Real Estate Project

On Tuesday, NexusCrowd Inc. announced that it has closed Canada’s first online investment offering for commercial real estate. The issue was quickly sold out with significant investor demand across the country and internationally. The project provided accredited investors with the opportunity to participate in the development of… Read More

Canadian Woman Fakes Rare Neurological Disease & Raises Over $125,000 on GoFundMe

On Friday, a Burlington woman named Cynthia Lynn Smith was accused of scamming backers on GoFundMe by faking a rare neurological disease known as Chronic Inflammatory Demyelinating Polyneuropathy. Authorities confirmed that Smith went as far as acting out symptoms to convince family and friends to help her… Read More

Toronto Woman Launches GoFundMe Campaign For Harvard University Tuition

Seeking the help from strangers near and far, Toronto resident Tonika Morgan launched a GoFundMe campaign to raise $50,000 for tuition to one of the most prestigious schools in the US, Harvard University. According to her campaign, Morgan was homeless and never had a chance to finish high… Read More

Creators of Exploding Kittens Seeks Testers to Try Out the Kickstarter Success Russian Roulette Card Game

While most backers have to wait in anticipation for their Kickstarter-backed card game, Exploding Kittens, its creators, The Oatmeal’s Matthew Inman along with Xbox’s Elan Lee and Shane Small, have decided to give fans of the already popular game a chance to try it out and offer… Read More

On the Move: OurCrowd’s CEO Announces New Office in Toronto

Last week, Israel-based OurCrowd announced it is planning to open a new office in Toronto. Now TechVibes has revealed more details about the equity crowdfunding platform’s move to Canadian borders. During the Canadian Crowdfunding Summit, CEO of OurCrowd Jon Medved shared information about the platform’s new… Read More

Toronto Humane Society Reveals No Funds Have Been Received from Indiegogo Kitten Campaign

Last month, a crowdfunding campaign surfaced on Indiegogo for a kitten by the name of Pedro. The kitten was less than 12 weeks old when he was thrown out the window of a vehicle near Canada’s Gardiner Expressway. Due to the impact, Pedro broke all… Read More

UPS Surprises 10-Year-Old Canadian Entrepreneur By Giving $8,700 Donation Toward Her Indiegogo Project (Video)

Back in October, 10-year-old entrepreneur and youngest member of Ryerson University’s Digital Media Zone Abi Smithson launched a crowdfunding campaign on Indiegogo to raise $15,000 for her Toronto-based woman footwear startup, Love Sandal. Explaining details about the company, Smithson wrote, “The Love Sandal was an idea… Read More

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