Tagged: toronto

October 20, 2021 @ 10:03 pm By Omar Faridi  |  

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

October 12, 2021 @ 6:18 pm By Omar Faridi  |  

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

August 23, 2021 @ 11:47 pm By Omar Faridi  |  

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

August 13, 2021 @ 10:13 am By Omar Faridi  |  

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

July 28, 2021 @ 10:04 am By Omar Faridi  |  

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

July 20, 2021 @ 9:06 pm By Priyanka Pani  |  

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

July 12, 2021 @ 7:22 pm By Omar Faridi  |  

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

July 10, 2021 @ 11:27 am By Omar Faridi  |  

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

June 30, 2021 @ 5:35 pm By Omar Faridi  |  

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

June 6, 2021 @ 12:30 pm By Omar Faridi  |  

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

May 14, 2021 @ 6:38 pm By Omar Faridi  |  

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

April 11, 2021 @ 5:20 pm By Omar Faridi  |  

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

March 4, 2021 @ 6:51 pm By Omar Faridi  |  

The North American Purpose Bitcoin ETF, which was introduced last month, has reportedly seen huge demand, as over $165 million in trading volume was recorded (as of February 19, 2021). The new ETF is the first Bitcoin exchange-traded fund (ETF) in North America. It now… Read More

July 20, 2020 @ 9:35 pm By Omar Faridi  |  

Several Fintech companies have been offering discounts or even free of cost services during COVID-19. These service providers aim to assist businesses, particularly SMEs, with managing and maintaining their operations during these challenging times. As reported by The Globe and Mail, financial advisors had already… 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

January 28, 2020 @ 11:50 am By Samantha Hurst  |  

University of Toronto School of Continuing Studies (SCS) announced on Tuesday it has joined forces with Trilogy Education, a 2U, Inc. brand and leading workforce accelerator, to launch a fintech boot camp in the city. According to the school, the University of Toronto SCS FinTech Boot… Read More

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