Rock Holdings, the parent company of Quicken Loans, has acquired a majority stake in Vancouver’s Lendesk , a fintech startup that provides technology to connect mortgage brokers with the country’s top lenders. [Read more…] about Vancouver’s Lendesk Acquired by Quicken Loans’ Parent
News
Wave and Visa Join Forces to Improve Cash Flow for Small Businesses
Toronto-headquartered Wave has partner with Visa to launch a new limited release payments solution that aims to transform the way small businesses manage their cash flow and provide merchants quicker access to funds. [Read more…] about Wave and Visa Join Forces to Improve Cash Flow for Small Businesses
Toronto-based Fintech Lendified Secures $15 Million to Support its Growth
Toronto’s Lendified announced today that it has successfully closed a $15 million funding round with institutional and private investors. [Read more…] about Toronto-based Fintech Lendified Secures $15 Million to Support its Growth
Canadian Fintech Summit 3.0 Pitch Battle Winners Crowned
Thirty of the best fintech and AI startups participated in a Pitch Battle yesterday at the fourth annual Canadian Fintech 3.0 Summit in Toronto with a chance to win an investment prize of over $100,000. [Read more…] about Canadian Fintech Summit 3.0 Pitch Battle Winners Crowned
Mastercard Acquires Toronto-based Fintech Ethoca
Mastercard is acquiring Ethoca, a Toronto-based fintech company that help merchants and card issuers collaborate in real-time to quickly identify and resolve fraud in digital commerce. [Read more…] about Mastercard Acquires Toronto-based Fintech Ethoca
Canadian Fintech Summit Returns to Toronto
Fintech is no longer about digitizing existing financial products. It’s about integrating financial services into applications and services you use every day. Add in the power of AI and you have a recipe for global success. [Read more…] about Canadian Fintech Summit Returns to Toronto
KOHO Launches Tool to Help Canadians Find Hidden Bank Fees
The average Canadian pays around $159 in bank fees per year – some of the highest in the world. That’s more than what most savings accounts with a $12,000 balance would earn in annual interest. [Read more…] about KOHO Launches Tool to Help Canadians Find Hidden Bank Fees
Meridian Targets Digitally-savvy Canadians with Motusbank Launch
With over 75 years of banking history, Meridian is Ontario’s largest credit union and the third-largest in Canada with 340,000 members and over $20 billion in assets under management. [Read more…] about Meridian Targets Digitally-savvy Canadians with Motusbank Launch
Town of Innisfil First Municipality in Canada to Accept Cryptocurrency
The Town of Innisfil was already catching praise for its use of a ride-sharing transit service, now it is the first to get behind cryptocurrency. [Read more…] about Town of Innisfil First Municipality in Canada to Accept Cryptocurrency
Finaeo Raises $5 Million to Transform the Distribution of Insurance
Toronto’s Finaeo has announced a $5.35 million funding round, led Luge Capital, supported by RGAX, the transformation unit of global reinsurer RGA, San Francisco-based Rising Tide Fund, iNovia Capital and a strong angel syndicate, led by AngelList Partner, Alex Norman. [Read more…] about Finaeo Raises $5 Million to Transform the Distribution of Insurance