Canada

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

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

Canadian Fintech Mogo Partners With LendingClub Bank For Carta Expansion

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) a Canada-based digital payments and financial technology company, announced on Thursday its wholly-owned payments platform, Carta Worldwide, is extending its U.S. market deployment with an expanded debit card issuance service offering for challenger banks. Carta has reportedly partnered with LendingClub Bank, National… Read More

Brim Financial Partners With Canadian Western Bank For Platform as a Service

  Brim Financial (Brim), a Canadian fintech and certified credit card issuer, announced on Wednesday it has joined forces with Canadian Western Bank (CWB) to roll out its Platform as a Service (PaaS) and credit card infrastructure. According to Brim, the PaaS enables CWB to… Read More

Canadian Shell Company Valdy to Acquire All Outstanding Securities of INX Limited

According to a release by Valdy (TSXV:VALDY), the company has entered into a definitive agreement to acquire all outstanding securities of INX Limited. Upon completion, INX will effectively become a publicly listed company. Valdy is a shell company based in Vancouver, Canada.  Valdy was incorporated… Read More

Ontario Securities Commission Tells Crypto Trading Platforms to be in Compliance with Securities Law. Or Else…

The Ontario Securities Commission (OSC) has issued a statement that crypto trading platforms must be in compliance with existing securities law or they fact potential regulatory action. This news arrives around the same time the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization… Read More

Canada: CSA and IIROC Outline Securities Law Requirements and Application to Crypto Trading Platforms

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have jointly published a notice outlining securities law requirements that apply to crypto-asset trading platforms (or CTPs) and how they may be tailored by regulators, according to a public statement. The… Read More

Mogo Launches Bitcoin Cashback Mortgage

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Monday it has extended its Bitcoin cashback reward program to include MogoMortgage. Mogo reported that under the program its members who take out a new mortgage or refinance may earn up to $3,100 cashback deposited into… Read More

Global Fintech Payfare Announces New Board Members

Payfare, a global fintech that specializes in digital banking and instant payout solutions, announced on Thursday it has welcomed new directors to its board. The new board members are the following: Kelly Graziadei: Brings 20 years of leadership experience in tech companies including AltaVista, Yahoo and… Read More

Alberta and Saskatchewan Look to Allow Investors to Back Small Business with UP to $5 Million

The Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) are looking to boost access to capital for smaller firms by creating new rules to allow issuers to raise up to $5 million in a more streamlined offering. According to… Read More

Coinsquare Negotiates with Canada Revenue Agency to Protect Most Client Information

CoinSquare, a Canadian crypto exchange,  has announced that it has come to terms with the Canada Revenue Agency (CRA) in regards to the information provided regarding CoinSquare users. CoinSquare notes that in late 2020, the CRA filed an application in court to compel Coinsquare to… Read More

Mogo Announces Acquisition of Savings & Investing App Moka Financial

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Tuesday it is set to acquire Moka Financial Technologies, a Canada-based saving and investing app, in an all-stock transaction.  Launched in 2017, Moka (originally Mylo) is on a mission to help its users achieve their financial… Read More

Vancouver Fintech Beanworks Set for $105M Acquisition by French Enterprise Services Company Quadient SA ADR

Vancouver-based Fintech firm Beanworks will reportedly be acquired for $105 million. As reported by BIV, Beanworks is considered a high-growth tech firm and its acquisition deal is estimated at over $100 million. French enterprise services company Quadient SA ADR stated on Monday (March 22, 2021)… Read More

Bitcoin ETF: Pending US BTC Exchange Traded Fund Applications include WisdomTree, VanEck, NYDIG Asset Mgmt, Skybridge, First Trust 

The researchers at Bloqport have confirmed that only a month after launch, the first-ever Bitcoin ETF has reached $1 billion CAD in assets under management or AUM (as of March 20, 2021). Just one month after launch, the first ever #Bitcoin ETF has hit $1… Read More

Paysafe Expands Partnership With NeoPollard Interactive to Provide Payment Gateway For Alberta’s Online Gambling Website “PlayAlberta”

  Integrated payments platform Paysafe announced on Wednesday it has expanded its partnership with NeoPollard Interactive (NPi), the provider of iLottery programs in North America. Through this partnership, NPi uses Paysafe’s proprietary payment gateway to power Alberta’s only regulated online gambling website PlayAlberta.ca.  Paysafe further revealed with… Read More

Digital Banking Unicorn Revolut Suspends Operations in Canada, Says it Will Revisit Options Later

UK-headquartered digital banking challenger Revolut says it will be suspending its business operations in Canada, a move that has come just 18 months after the Fintech launched a beta version of its services in the North American country. BetaKit, which keeps track of Canadian tech… Read More

Canadian Fintech Brim Financial Secures $25 Million Through Series B Funding Round Co-Led Desjardins Group & EPIC Ventures

Brim Financial (Brim), a Canadian fintech and certified credit card issuer, announced on Tuesday it secured $25 million through its Series B round, which was co-led by Desjardins Group and  EPIC Ventures with participation from Canadian and U.S.-based investors, including goeasy Ltd., White Owl, and… Read More

Canadian Digital Asset Custodian Brane Capital Appoints Former BYN Mellon President & CEO Jerome Dwight As New President

Brane Capital., a digital asset custodian based in Canada, recently announced it has appointed former BNY Mellon President and CEO, Jerome Dwight, as its new President. According to Brane, Dwight led the BNY Mellon’s international expansion of corporate and institutional global custody and wealth management… Read More

Canadian Securities Administrators Provides Guidance on Disclosure Regarding Crypto Assets

The Canadian Securities Administrators (CSA) has provided guidance on disclosure provided by issuers of crypto assets. The CSA is a group that represents provincial securities regulators. In Canada, there is no federal agency overseeing the securities sector. According to the CSA, in Canada, most crypto-asset… Read More

Tech Platform CURO Completes Acquisition of Point-of-Sale Provider Flexiti

  U.S. tech platform CURO Group Holdings Corp. (NYSE: CURO) announced on Thursday it has completed the acquisition of Flexiti Financial. Inc., a Canadian point-of-sale (POS) / buy-now-pay-later (BNPL) provider. According to Curo, the transaction included cash at closing of $86 million and contingent consideration… Read More

Leading Canadian Crowdfunding Platform FrontFundr Partners with The51 to Support Women-led Businesses

FrontFundr, a private markets investment platform in Canada, and The51, a “Financial Feminist platform” that seeks to foster access to capital for women-led businesses, have launched a new pilot program where early-stage companies will be featured on both platforms. The two organizations hope to address… Read More

Send this to a friend