Fiserv, a global leader in payments and financial services technology, announced today its definitive agreement to acquire Toronto-based Payfare (TSX: PAY). The deal is expected to close in the first half of 2025, pending shareholder and court approvals and other customary conditions. [Read more…] about Fiserv to Acquire Payfare, Expanding Embedded Finance Offerings
New Features Propel Wealthsimple Beyond Banking in 2024
Wealthsimple marked a significant year in 2024, introducing new features and products designed to address Canadians’ evolving financial needs. With a decade of growth, the company has positioned itself as a comprehensive platform offering investment, savings, and spending solutions. [Read more…] about New Features Propel Wealthsimple Beyond Banking in 2024
Loop Launches Canada’s First SME-Focused Cross-Border Visa Card
Toronto-based fintech Loop has introduced the Loop Global Visa Card, Canada’s first corporate credit card designed specifically for small and medium-sized enterprises (SMEs) to streamline cross-border purchasing. [Read more…] about Loop Launches Canada’s First SME-Focused Cross-Border Visa Card
Beacon Partners with BMO to Revolutionize Financial Services for Immigrants
Toronto-based fintech Beacon has partnered with the Bank of Montreal (BMO) to revolutionize financial services for immigrants to Canada. The collaboration focuses on streamlining cross-border money transfer solutions, addressing critical financial challenges faced by newcomers. [Read more…] about Beacon Partners with BMO to Revolutionize Financial Services for Immigrants
Beacon and Deloitte Partner to Ease Immigration for Employees
Toronto-based Beacon, a fintech company revolutionizing financial services for immigrants to Canada, has announced a strategic partnership with Deloitte Canada. [Read more…] about Beacon and Deloitte Partner to Ease Immigration for Employees
Beacon Launches Digital Wallet for Immigrants Starting New Lives in Canada
Toronto’s Beacon has unveiled Beacon Money, a digital wallet designed to empower immigrants as they transition to life in Canada. [Read more…] about Beacon Launches Digital Wallet for Immigrants Starting New Lives in Canada
Liberty Tax Partners with DCBank to Simplify Tax Refund Access
Liberty Tax and Digital Commerce Bank (DCBank) have joined forces to transform how Canadians access their tax refunds and financial services. [Read more…] about Liberty Tax Partners with DCBank to Simplify Tax Refund Access
Trolley Secures $31M Series B to Drive Global Expansion
Montreal-headquartered Trolley, a global leader in payout solutions, has raised $31.4 million in a Series B growth equity round led by Wavecrest Growth Partners, with ongoing support from investor Pace Capital. [Read more…] about Trolley Secures $31M Series B to Drive Global Expansion
Cyber Insurance and AI: Key Strategies for Risk Management
In an era where digital innovation drives business growth, cybersecurity has emerged as a crucial concern for organizations of all sizes. From the rise of artificial intelligence (AI) to the increasing sophistication of cyber threats, companies must navigate a complex landscape to protect their assets and maintain client trust. [Read more…] about Cyber Insurance and AI: Key Strategies for Risk Management
Neo Financial Secures $360M in Series D Funding Round
Prairie-born fintech Neo Financial today announced a $360 million Series D fundraising round consisting of $110 million of equity and $250 million of debt. [Read more…] about Neo Financial Secures $360M in Series D Funding Round