Wealthsimple launches Shariah-compliant ETF on NEO Exchange
Toronto-based Wealthsimple has launched its previously-announced Shariah-compliant exchange-traded fund (ETF) on the NEO Exchange.…
FinTech
Relay Financial secures $18.2 million CAD to bring financial management solution to more SMBs in US
Toronto-based FinTech software startup Relay Financial has raised an $18.2 million CAD ($15 million USD) Series A round to…
Today in funding: OSF Digital, Tenera Care, Sports IQ Analytics, MYR POS, Chic Geek, CLC Network
Six Canadian startups have recently announced fresh funding to fuel their growth. Here’s the latest on who raised, how much,…
Over a year after Einstein Exchange closure, Vancouver entrepreneur wins civil suit against founder
The founder of now-defunct cryptocurrency firm Einstein Exchange has been ordered by a BC court to pay $535,000 to a man who…
Nuvei sees significant revenue growth in Q1 2021 following e-commerce expansion, acquisition efforts
During the first quarter of 2021, Montréal-based payment processing company Nuvei pulled in revenue of about $150 million…
F|T: The FinTech Times – Canada’s Open Banking is “insecure and terrifying”
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read…
Today in funding: Railz, Relay Platform, Ferme d’Hiver, Optable, interVal
Five Canadian tech startups have recently secured fresh funding to fuel their growth. Here’s the latest on who raised money,…
New bill proposes Bank of Canada regulate FinTech startups that provide payments
The Government of Canada has introduced legislation to regulate FinTech companies that offer payment services in the country.…
PayShepherd secures $700,000 to expand its contractor billing solution across Canada, US
Calgary-based FinTech startup PayShepherd has raised a $700,000 CAD pre-seed round to meet growing demand for its contractor…
Nuvei to acquire Simplex for $250 million USD
Nuvei is set to acquire FinTech and cryptocurrency startup Simplex in an all-cash deal totalling $250 million USD. The companies…
Information Venture Partners closes third fund, raising $124 million CAD
Toronto-based venture capital firm Information Venture Partners (Information VP) has closed its third venture fund, securing…
FinTech startups frustrated with glacial pace of Canada’s open banking consultations
Sue Britton was feeling “super optimistic” when the Advisory Committee on Open Banking sent out a package for phase-two…
Willful signs partnership with insurance giant Allstate following launch in Québec
Toronto-based Willful, which offers online will and estate planning, has launched a new national partnership with Allstate…
Fluence Technologies raises $12.5 million CAD, swaps CEOs to fuel next phase of growth
Toronto FinTech software startup Fluence Technologies has closed a $12.5 million CAD ($10 million USD) Series A round from…
Today in acquisitions: Khure Health, TechX Technologies, Nolk, WorldReach Software, BuzzBuzzHome, Zorbit’s Math
Six Canadian tech companies have recently made acquisitions or have been acquired, including Khure Health, TechX Technologies,…