Microsoft and Canada’s largest public company are tapping Deep Sky Labs to remove thousands of tonnes of carbon dioxide from the atmosphere over the next decade. [Read more…] about Royal Bank of Canada an Early Adopter of Deep Sky Labs’ Climate Technology
Toronto’s Chexy Continues to Build Fintech Platform Powering Rewards for Renters in Canada
It is estimated that more than three million people aged 18-plus in Canada are “credit invisible,” according to Equifax, meaning these individuals either do not have a credit file or the credit information on file is insufficient to generate credit scores. [Read more…] about Toronto’s Chexy Continues to Build Fintech Platform Powering Rewards for Renters in Canada
Shopify Market Cap Cracks $200 Billion as E-Commerce Pioneer Reports Another Strong Quarter
Canada’s largest financial technology firm just got bigger.
Shopify, the Ottawa-based e-commerce innovator, saw shares spike more than 20% on the day following a strong quarterly earnings report, raising its market capitalization north of $200 billion. [Read more…] about Shopify Market Cap Cracks $200 Billion as E-Commerce Pioneer Reports Another Strong Quarter
Stock Propels Upward as Profitable Fintech Reports Rising Revenue Amid Global Expansion
We’ve been noticing this year that financial technology startups are commonly among the fastest-growing firms in Canada.
For example, 20% of Deloitte Canada’s Technology Fast 50 for 2024 is comprised of fintechs. [Read more…] about Stock Propels Upward as Profitable Fintech Reports Rising Revenue Amid Global Expansion
FusionIQ Targets Digital Wallet Providers in Canada with New Wealth Management Solution
Propel Holdings Founder Clive Kinross Named 2024 Ontario Entrepreneur Of The Year
A financial technology entrepreneur was recognized recently in Toronto at an award celebration hosted by EY. [Read more…] about Propel Holdings Founder Clive Kinross Named 2024 Ontario Entrepreneur Of The Year
Toronto’s Parachute Raises More Capital to Help Canadians Make Better Financial Decisions
Founded in Toronto in 2022 by Mark Levitan and Bruce Hodges, Parachute offers loans online and helps consumers improve their financial wellness through debt management, financial literacy education, and other digital tools. [Read more…] about Toronto’s Parachute Raises More Capital to Help Canadians Make Better Financial Decisions
Six Canadian Innovators Make Annual List of World’s Most Promising Fintechs
Several Canadian companies made the latest edition of The Fintech 100, an annual list of the world’s most promising innovators in the financial technology space. [Read more…] about Six Canadian Innovators Make Annual List of World’s Most Promising Fintechs
Small Businesses in Canada are Grappling with ‘Significant Challenges,’ Finds Financial Report from Float
Small and medium businesses in Canada are grappling with “significant financial and operational challenges,” finds a recent survey. [Read more…] about Small Businesses in Canada are Grappling with ‘Significant Challenges,’ Finds Financial Report from Float
Financeit Taps Goldman Sachs to Help Support Company’s ‘Rapidly Growing’ Loan Portfolio
Financeit announced this week that it has added Goldman Sachs to its Securitization Warehouse, increasing its capacity by $200 million to a total of $700 million. [Read more…] about Financeit Taps Goldman Sachs to Help Support Company’s ‘Rapidly Growing’ Loan Portfolio