KOHO, a leading Canadian Challenger Bank, announced today that it has secured $190 million in additional funding, consisting of $40 million in equity and $150 million in debt. [Read more…] about KOHO Secures $190M to Fuel Growth, Expand Lending, and Advance Bank License Goals
News
Payfare Initiates Review as Shares Plunge 75% Following Loss of Fintech’s Biggest Customer
A Canadian financial technology firm has initiated a strategic review following the loss of its biggest customer. [Read more…] about Payfare Initiates Review as Shares Plunge 75% Following Loss of Fintech’s Biggest Customer
Geographical Diversity in Financial Technology: Canada’s Fastest Growing Fintechs Span Nation
A financial technology firm is Canada’s fastest growing company.
Calgary’s Neo Financial claimed top spot in Report on Business magazine’s annual ranking of Canada’s Top Growing Companies for 2024 thanks to three-year revenue growth of 38,000%. [Read more…] about Geographical Diversity in Financial Technology: Canada’s Fastest Growing Fintechs Span Nation
Neo Financial Tops Canada’s List of Top Growing Companies with Remarkable 38,431% Revenue Growth
Calgary-headquartered Neo Financial has been ranked #1 on the 2024 Report on Business magazine’s annual ranking of Canada’s Top Growing Companies. [Read more…] about Neo Financial Tops Canada’s List of Top Growing Companies with Remarkable 38,431% Revenue Growth
Canadian Securities Commission Reminds Investors That ‘All Crypto Carries Risk’
The Canadian Securities Administrators this week provided an update for crypto asset trading platforms. [Read more…] about Canadian Securities Commission Reminds Investors That ‘All Crypto Carries Risk’
Scotiabank Expands Partnership with Nova Credit to Help New Immigrants Access Higher Credit Limits
Credit invisibility, or lack of a credit record, can be a huge barrier to credit for those entering Canada, as access to the formal credit system traditionally requires existing local credit history. [Read more…] about Scotiabank Expands Partnership with Nova Credit to Help New Immigrants Access Higher Credit Limits
Quickly Partners with hh2 Cloud Services to Streamline Payments in Construction Industry
Calgary-based fintech Quickly has announced a strategic partnership with hh2 Cloud Services, a leading provider of cloud-based back-office solutions for the construction industry. [Read more…] about Quickly Partners with hh2 Cloud Services to Streamline Payments in Construction Industry
Bloks.app Secures $1.5 Million Seed Funding to Transform Investment Teams with AI
Ottawa-based startup Bloks.app has closed a USD $1.5 million seed funding round led by Storytime Capital and Mistral Ventures, with additional participation from MaRS Investment Accelerator Fund and prominent angel investors from Apple, LinkedIn, and Grindr. [Read more…] about Bloks.app Secures $1.5 Million Seed Funding to Transform Investment Teams with AI
Nmbr Gears Up to Simplify Payroll for Canadian Businesses with New Funding Boost
The payments industry has seen significant changes over the past decade, including the rise of new businesses that focus on APIs to embed payment and data features into their products. However, when it comes to paying the people who work for those businesses, things haven’t kept up. [Read more…] about Nmbr Gears Up to Simplify Payroll for Canadian Businesses with New Funding Boost
Amidst Modernization Efforts, National Bank Unveils All-New Headquarters in Montreal
Earlier this year, we wrote about how National Bank was adopting artificial intelligence and cloud technologies to modernize services and operations. [Read more…] about Amidst Modernization Efforts, National Bank Unveils All-New Headquarters in Montreal