Toronto-born KOHO Financial kicked 2022 off by closing a $210 million Series D funding round. [Read more…] about Koho Restructures Business Toward Profitability
How Artificial Intelligence Fuels Fintech in Canada
When we consider the technological transformation of the financial industry, it shares many parallels with other broad sectors facing similar digital disruption: lean startups sparking fires under stodgy incumbents; innovation altering markets in both predictable and unpredictable ways; everything-as-a-service. [Read more…] about How Artificial Intelligence Fuels Fintech in Canada
RBCx Acquires OJO Canada as Bank Builds Comprehensive Homebuyers’ Platform
In 2018, Texas-based real estate technology platform OJO Labs tested the waters of the Canadian market through a partnership with the Royal Bank of Canada’s venture arm. [Read more…] about RBCx Acquires OJO Canada as Bank Builds Comprehensive Homebuyers’ Platform
Five Fintech ‘Forces of Change’ for 2023
Banks are currently having to manage not only macro-economic and geopolitical change, but also profound, longer-lasting shifts that are driven by technological innovation, finds a recent report from Accenture. [Read more…] about Five Fintech ‘Forces of Change’ for 2023
Conquest Planning Secures $24 Million Series A to Power International Expansion
Conquest Planning today announced that it has closed a Series A round of capital.
The $24 million round was led by Fidelity International Strategic Ventures, according to a statement from the company, and joined by existing capital partner Portage Ventures as well as new investors BNY Mellon and RBC. [Read more…] about Conquest Planning Secures $24 Million Series A to Power International Expansion
Why Vancouver is a Fintech Market to Watch in 2023
When people think of “Finance” in Canada, minds go straight to Bay Street.
The same can be said for financial technology, where downtown Toronto houses the country’s largest hub of fintech startups by a wide margin. Ontario is home to a majority of Canada’s fintechs, including Shopify, Wealthsimple, Koho, Borrowell, and hundreds more. [Read more…] about Why Vancouver is a Fintech Market to Watch in 2023
Montreal’s Blockstream Secures Capital to Expand Bitcoin Mining Operation
Bitcoin infrastructure firm Blockstream this month announced US$125 million in funding.
Blockstream secured a convertible note and secured loan financing to expand its institutional bitcoin mining services, according to a statement from the Montreal-based fintech. [Read more…] about Montreal’s Blockstream Secures Capital to Expand Bitcoin Mining Operation
Otter Hopes to Reduce Financial Friction for Self-Employed Canadians
The latest financial technology startup to launch in Canada is Otter, a platform targeting self-employed professionals and independent business owners in Canada. [Read more…] about Otter Hopes to Reduce Financial Friction for Self-Employed Canadians
Mortgage Disruptor 8Twelve Brings INFIN8 Platform to Fellow Fintech Dwello
8Twelve Financial Technologies recently entered into an agreement with Dwello Payments, a fellow Toronto fintech platform that helps renters and others build credit.
As part of the agreement, Toronto’s 8Twelve Financial will provide its digital-based mortgage solutions to Dwello. [Read more…] about Mortgage Disruptor 8Twelve Brings INFIN8 Platform to Fellow Fintech Dwello
Clip Money Prioritizes Partnerships as ‘Ambitious Expansion Plan’ Ramps Up
Recent CashTech Innovation Awards winner Clip Money this month announced ambitious expansion plans for 2023.
Based in Toronto, Clip is a cash deposit solution that “brings fast, convenient, cost-effective financial services transactions to business customers.” [Read more…] about Clip Money Prioritizes Partnerships as ‘Ambitious Expansion Plan’ Ramps Up