Tagged: 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

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

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 Challenger Bank KOHO Reportedly Raises $70 Million Through Series C Funding Round

    KOHO, a Canada-based challenger bank that offers Canadians an alternative to traditional banking, has reportedly secured $70 million through its Series C funding round. According to BetaKit, the funding round was led by TTV Capital with participation from Drive Capital and Portag3 Ventures…. 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

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

Neobank OnJuno Teams Up With Fintel Connect For Affiliate Program

  OnJuno, a San-Francisco based neobank, announced on Wednesday it has launched its affiliate program with Fintel Connect. Founded in 2019, OnJuno offers a checking account that features the highest returns on deposit in its market. Its programs feature cashback options with major retailers such… Read More

Moving Money in 2021 Should be Like Sending an E-mail – Instant, According to Nick Catino from Cross-Border Payments Fintech Wise

Nick Catino, who is responsible for Policy, Campaigns, and Regulatory Strategy at Wise (formerly TransferWise), notes that payments are the part of finance that consumers experience “most on a day-to-day basis.” Catino also mentioned that there are certain important initiatives that will help “ensure the… Read More

Canadian Challenger Bank KOHO Launches No-Fee Savings Account “KOHO Save”

KOHO, a Canada-based challenger bank that offers Canadians an alternative to traditional banking, announced on Friday the launch of its first no-fee savings account, KOHO Save. Koho reported that the new product, which is now available in the KOHO app, offers a highly competitive 1.2% interest… Read More

North American Purpose Bitcoin ETF Now Holds Over 11,000 Bitcoin (BTC) Valued at More than Half a Billion Dollars

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

Trading & Investment Firm CoinRise Announces Plans to Expand Services in Canada

CoinRise, a trading and investment firm, announced on Wednesday that following its Bitcoin ETFs trade developments, it is planning to expand its services in Canada. Coinrise describes itself as a premium online trading platform that offers professional services for a wide variety of online traders…. Read More

Researchers at McGill are Reportedly Working on Potential Design for Bank of Canada Virtual Currency or CBDC

The research team at McGill is reportedly collaborating on the potential design for the new Bank of Canada digital currency. Professors Katrin Tinn and Christophe Dubach have jointly proposed a new design for a “cash-like” central bank digital currency or CBDC which will aim to… Read More

French Insurtech Zelros Raises $11 Million Through Series A Funding Round Led By BGV

  Zelros, a French insurtech platform, announced earlier this week it secured $11 million through its Serie A funding round, which was led by BGV with participation from ISAI Cap Venture, and Plug and Play. The investment round brings the company’s funding to $16.5 million…. Read More

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