Microsoft and Canada’s largest public company are tapping Deep Sky Labs to remove thousands of tonnes of carbon dioxide from the atmosphere over the next decade. [Read more…] about Royal Bank of Canada an Early Adopter of Deep Sky Labs’ Climate Technology
News
Toronto’s Chexy Continues to Build Fintech Platform Powering Rewards for Renters in Canada
It is estimated that more than three million people aged 18-plus in Canada are “credit invisible,” according to Equifax, meaning these individuals either do not have a credit file or the credit information on file is insufficient to generate credit scores. [Read more…] about Toronto’s Chexy Continues to Build Fintech Platform Powering Rewards for Renters in Canada
Shopify Market Cap Cracks $200 Billion as E-Commerce Pioneer Reports Another Strong Quarter
Canada’s largest financial technology firm just got bigger.
Shopify, the Ottawa-based e-commerce innovator, saw shares spike more than 20% on the day following a strong quarterly earnings report, raising its market capitalization north of $200 billion. [Read more…] about Shopify Market Cap Cracks $200 Billion as E-Commerce Pioneer Reports Another Strong Quarter
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
How VoPay is Addressing Complex Financial Operations in Insurance
In an industry as deeply rooted as insurance, innovation often encounters resistance. But the sector now stands at a tipping point. For insurers and Managing General Agents (MGAs) who have long depended on manual, siloed processes, the pressure to modernize financial operations is mounting. Legacy systems—never designed for today’s digital-first demands—increasingly reveal their limitations, and fragmented workflows have become the industry’s Achilles’ heel. [Read more…] about How VoPay is Addressing Complex Financial Operations in Insurance
The Changing Landscape of Online Travel: What’s Next for Online Travel Agencies Like FlightHub?
As the travel industry undergoes rapid transformation, online travel agencies (OTAs) are evolving to meet new customer expectations. The vast majority of travellers, 7 in 10 according to recent studies, prefer to book their trips online. [Read more…] about The Changing Landscape of Online Travel: What’s Next for Online Travel Agencies Like FlightHub?
Stock Propels Upward as Profitable Fintech Reports Rising Revenue Amid Global Expansion
We’ve been noticing this year that financial technology startups are commonly among the fastest-growing firms in Canada.
For example, 20% of Deloitte Canada’s Technology Fast 50 for 2024 is comprised of fintechs. [Read more…] about Stock Propels Upward as Profitable Fintech Reports Rising Revenue Amid Global Expansion
Neo Financial Leads Deloitte’s Technology Fast 50, Fintechs Dominate List
Deloitte Canada has announced this year’s winners of the Technology Fast 50.
Now in its 27th year, the Technology Fast 50 program recognizes the world-class achievements of Canada’s leading technology companies—highlighting their commitment to innovation, strong leadership, and rapid revenue growth between 2020 and 2023.
This year, the average three-year growth of the Technology Fast 50 winners is 3,559 per cent.
At the top of this year’s Technology Fast 50 list, with a three-year growth of 154,022 per cent, is Neo Financial, leaping from the number one spot in the Companies-to-Watch category last year.
Headquartered in Calgary, the company is building a smarter financial experience for all Canadians using the latest technology. Specializing in savings and credit products, Neo Financial is on a journey to reshape the financial future for millions of people in Canada.
In addition to Neo Financial, ten other fintechs were recognized on this year’s Technology Fast 50 list:
- #5 – Relay, Toronto – 9,578%
- #8 – Aquanow, Vancouver – 3,022%
- #10 – Nesto, Montreal – 2,360%
- #14 – ZayZoon, Calgary – 1,451%
- #25 – KOHO, Vancouver – 880%
- #27 – Conquest Planning, Winnipeg – 858%
- #32 – Irwin, Toronto – 671%
- #35 – Zensurance, Toronto – 595%
- #39 – Plooto, Toronto – 516%
- #41 – Trolley, Montreal – 484%
Helcim and PatientSERV Partner to Revolutionize Out-of-Pocket Payment Collection for Canadian Healthcare Providers
Two Canadian tech innovators, Calgary-based Helcim and Toronto-based PatientSERV, have partnered to make payment collection simpler and more efficient for healthcare providers. [Read more…] about Helcim and PatientSERV Partner to Revolutionize Out-of-Pocket Payment Collection for Canadian Healthcare Providers
Canadian Fintech Leaders Launch Exit North Ventures, a New $20M Seed-Stage Fund to Boost Fintech Startups
In a bold move to advance Canada’s fintech landscape, a group of prominent Canadian fintech founders with combined exits surpassing $1 billion has launched a new venture capital fund, Exit North Ventures. [Read more…] about Canadian Fintech Leaders Launch Exit North Ventures, a New $20M Seed-Stage Fund to Boost Fintech Startups