Vancouver’s FINCAD has been acquired by Toronto-headquartered Zafin for an undisclosed amount.
Founded in 1990 by Bob Park, FINCAD is a leader in pricing and risk analytics of financial derivatives and fixed income products. [Read more…] about Vancouver’s FINCAD Acquired by Zafin
Hot on the heels of partnerships with IG Wealth Management and Canada Life, Toronto’s CapIntel has added Equitable Life to their partner page.
This new partnership signals increase interest among Canadian financial services leaders to work with fintech companies like CapIntel to enhance advisor and client experience. [Read more…] about CapIntel Adds Equitable Life to Growing List of Partners
Calgary’s Accelerate Financial Technologies is launching the Accelerate NFT Fund, the first Web3 investment vehicle in Canada.
Accelerate is one of Canada’s fastest growing alternative investment solution providers, with a suite of institutional-caliber alternative ETFs for investors seeking diversification and long-term performance.
“Over the coming years, Web3, the next era of the internet, will become a more prevalent aspect of our everyday lives,” said Julian Klymochko, Founder and CEO of Accelerate. “NFTs, or non-fungible tokens, allow users to not just participate in, but to own Web3. We believe that the most popular NFT collections may become the Googles, Amazons and Facebooks of Web3.”
NFTs are a new type of crypto asset that combine digital art with elements of blockchain and social networks. A nascent $40 billion market, NFTs are a cultural phenomenon that derive value based on aesthetics, social proof, membership, network effects, brand building and culture.
Accelerate NFT Fund will own a diversified portfolio of “blue chip” NFTs, including collections such as CryptoPunks and Bored Ape Yacht Club.
“NFTs and Web3 are in the early innings of their growth cycle, analogous to the emerging bitcoin market in 2013. As the portfolio management team behind Canada’s first bitcoin fund back in 2017, we are excited to offer exposure to a nascent asset class with similar growth potential.”
Accelerate NFT Fund is available for accredited investors via private placement subscription with a $50,000 investment minimum and will initially be capped at $42.069 million.
Montreal’s Shakepay has secured a $44 million investment round.
The Series A round was led by US-based QED Investors and also included participation from Golden Ventures, Broadhaven, Henri Machalani, Mike Murchison, and several product leaders from Shopify. Prior to this new funding, Shakepay had raised roughly $1 million to date. [Read more…] about Canada’s Leading Bitcoin Platform Shakepay Raises $44 Million Series A
Today Twitter released its first Birdseye Report, featuring unexpected data & expert analysis across various industries – tech, finance, sports, food, among others – to help brands take advantage of timely trends & craft actionable plans for the year ahead. [Read more…] about Twitter’s First Birdseye Report Includes Fintech Insights
Vancouver’s Canalyst has raised $70 million in a Series C financing led by Dragoneer Investment Group.
Canalyst combines software with human expertise to create the most accurate and detailed financial and KPI data on global public companies, giving finance professionals access to fundamental data that can be trusted absolutely and at scale. [Read more…] about Financial Data And Analytics Startup Canalyst Raises $70 Million
Toronto fintech FundThrough has acquired the invoice factoring business of financial technology company BlueVine. [Read more…] about FundThrough Acquires BlueVine’s Invoice Factoring Business
Vancouver fintech Mogo has made a strategic investment in NFT Trader, a company that operates a secure peer-to-peer OTC trading protocol for non-fungible tokens or NFTs. [Read more…] about Mogo Expands into Metaverse with Investment in NFT Trading Platform
Toronto’s Ninepoint Partners has launched a Digital Asset Group and appointed Alex Tapscott as Managing Director to lead the new unit. [Read more…] about Ninepoint Partners Launches Digital Asset Group And Adds Alex Tapscott To Lead
Vancouver’s WonderFi is acquiring Bitbuy, a leading cryptocurrency platform and the first approved crypto marketplace in Canada. Under the terms of the agreement, Bitbuy shareholders will receive approximately $206 million consisting of shares and cash, upfront and deferred. [Read more…] about WonderFi To Buy Crypto Platform Bitbuy
