May 23, 2019 @ 10:05 pm By Samantha Hurst  |  

HSBC announced on Wednesday it has opened its Global Data & Innovation Lab in Toronto, citing the city’s interest, investment and development of artificial intelligence (AI) and advanced machine learning. According to HSBC, the 3,376 square foot energy efficient lab will soon employ over 50… Read More

May 3, 2018 @ 11:41 am By Erin Hobey  |  

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

November 16, 2017 @ 2:54 pm By Samantha Hurst  |  

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

June 2, 2017 @ 2:34 am By Jonathan Nieh  |  

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

May 15, 2017 @ 7:58 am By JD Alois  |  

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

May 12, 2017 @ 6:56 am By Erin Hobey  |  

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

January 27, 2017 @ 1:47 pm By Samantha Hurst  |  

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

January 11, 2017 @ 6:42 pm By Jessica Pham  |  

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

November 8, 2016 @ 9:16 am By Erin Hobey  |  

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

October 26, 2016 @ 10:00 am By Samantha Hurst  |  

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

August 30, 2016 @ 12:43 pm By Samantha Hurst  |  

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

March 21, 2016 @ 1:13 pm By Samantha Hurst  |  

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

December 9, 2015 @ 1:18 pm By Erin Hobey  |  

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

November 6, 2015 @ 10:36 am By Erin Hobey  |  

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

October 27, 2015 @ 10:46 am By Samantha Hurst  |  

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

May 9, 2015 @ 9:00 am By Samantha Hurst  |  

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

April 16, 2015 @ 2:51 pm By Samantha Hurst  |  

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

April 10, 2015 @ 3:18 pm By Samantha Hurst  |  

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

March 9, 2015 @ 2:14 pm By Samantha Hurst  |  

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

January 10, 2015 @ 7:59 am By Samantha Hurst  |  

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