Your Source for Canadian Fintech News
Canadian securities regulators have cleared the launch of the Purpose Bitcoin ETF, making it the first to gain regulatory approval in North America.
The fund from Purpose Investments is designed to provide investors with exposure to the world’s largest cryptocurrency by investing directly in physically settled Bitcoin. [Read more…] about North America’s First Bitcoin ETF Gets Green Light in Canada
Canadian challenger bank KOHO continues to disrupt the personal finance space, announcing today the launch of their first Credit Building product. KOHO Credit Building reports all activity to TransUnion®, one of the two major reporting bureaus in Canada. [Read more…] about KOHO Launches Credit Building for Canadians
Toronto’s Foxquilt has partnered with Digital Partners, a Munich Re company, to enable them to operate as a full-service insurance provider and co-creator of new, end-to-end insurance products/programs for small businesses.
This Digital Partners collaboration provides the Foxquilt team with the autonomy and capabilities to design innovative products and underwriting and rating algorithms.
“Small businesses deserve immediate access to tailor-made insurance solutions that complement their unique operations. However, it requires building new architecture to support data-powered algorithms to afford such value,” said Mark Morissette, CEO and Co-Founder of Foxquilt.
“Our team built a dynamic underwriting platform that rewards business owners with an empowered value offering including simplicity, new products and savings. The progressive platform, Foxden, discerns the nature of the risk, underwrites and rates it, and directs it to a custom-made, proprietary product,.”
Foxden is a full-stack underwriting platform comprised of data-layered, micro-service architecture. Each of its services, including underwriting and rating, are powered by data algorithms to drive actions across the platform.
Toronto non-profit Innovate Financial Health (IFH) has been acquired by Montreal’s Fintech Cadence.
Founded in 2017, Fintech Cadence is on a mission to develop Canada’s future fintech leaders. Since their creation, they have launched the first fintech-focused incubator but have grown to include a 12-week Fintech Certificate and the Formathon, Canada’s biggest fintech competition. [Read more…] about Fintech Cadence Acquires Innovate Financial Health
London’s Paystone has raised a $69 million strategic funding round from Canadian Business Growth Fund (CBGF) and National Bank of Canada.
The funds will be used to fuel growth in customer engagement services and electronic payment processing solutions. [Read more…] about London’s Paystone Raises $69 Million Financing Round
Toronto’s Sensibill, the leading provider of everyday financial tools and SKU-level insights, launched their new Sensibill Platform today, which includes two new solutions, Spend Manager and Spend Insights. [Read more…] about Sensibill Introduces the Sensibill Platform With SKU-level Insights
Canadian PR Communications firm Talk Shop announced today the launch of a $30,000 Women in Fintech Grant.
The grant, delivered as $30,000 worth of public relations and communications services, will be awarded to one early-stage fintech with a founder who identifies as a woman. The winner will be selected by a judging panel made up of experts in technology and communications. [Read more…] about Talk Shop Launches $30,000 Women in Fintech Grant
Silicon Valley’s Affirm is acquiring Toronto’s PayBright, a leading Canadian player in the growing “buy now, pay later” payment industry. [Read more…] about Silicon Valley’s Affirm Buys Toronto’s PayBright For $340 Million
Payment processing giant Stripe and Evolve Bancorp will power two products within Shopify Balance, the Canadian e-commerce giant’s business banking offering first revealed earlier this year. [Read more…] about Shopify Balance To Be Powered By Stripe, Evolve Bancor
Montreal’s Lightspeed has acquired Upserve, a leading restaurant management cloud-software company based in Rhode Island.
The acquisition strengthens Lightspeed’s position as an industry leader with high-performing restaurateurs across the United States as those restaurants refine the digital dining experience. [Read more…] about Lightspeed Acquires Restaurant Software Company Upserve
