Canada

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

April 9, 2021 @ 9:40 am By Samantha Hurst  |  

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

April 7, 2021 @ 2:39 pm By Samantha Hurst  |  

  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

April 1, 2021 @ 11:35 am By JD Alois  |  

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

March 30, 2021 @ 8:33 am By JD Alois  |  

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

March 29, 2021 @ 11:25 am By JD Alois  |  

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

March 29, 2021 @ 10:43 am By Samantha Hurst  |  

  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

March 26, 2021 @ 8:18 am By Samantha Hurst  |  

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

March 25, 2021 @ 3:02 pm By JD Alois  |  

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

March 23, 2021 @ 3:18 pm By JD Alois  |  

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

March 23, 2021 @ 11:31 am By Samantha Hurst  |  

  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

March 23, 2021 @ 8:04 am By Omar Faridi  |  

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

March 22, 2021 @ 10:55 pm By Omar Faridi  |  

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

March 17, 2021 @ 3:23 pm By Samantha Hurst  |  

  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

March 17, 2021 @ 7:55 am By Omar Faridi  |  

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

March 16, 2021 @ 10:09 am By Samantha Hurst  |  

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

March 14, 2021 @ 10:23 pm By Samantha Hurst  |  

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

March 11, 2021 @ 11:21 am By JD Alois  |  

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

March 11, 2021 @ 8:05 am By Samantha Hurst  |  

  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

March 10, 2021 @ 9:00 am By JD Alois  |  

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