Calgary-based Neo Financial has raised $68.5 million in an oversubscribed funding round led by a syndicate of more than 100 Canadian investors, at a higher valuation than its $362-million Series D … READ MORE... about Neo Financial Secures $68.5M in Oversubscribed Canadian-Led Round
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Velix Raises $2M Pre-Seed To Tackle Financial Friction in Logistics
Montreal fintech startup Velix has raised $2 million in pre-seed funding to build a financial operations platform designed for logistics and supply-chain operators, as the sector grapples with growing complexity and margin pressure. … READ MORE... about Velix Raises $2M Pre-Seed To Tackle Financial Friction in Logistics
Symposium Set to Navigate Payments Industry Amid Shifts in Tech, Commerce
The Canadian Prepaid Providers Organization is once against hosting an annual symposium. The CPPO Symposium, slated for April at the Globe and Mail Centre in Toronto, connects industry leaders for a full day of strategic conversations on navigating … READ MORE... about Symposium Set to Navigate Payments Industry Amid Shifts in Tech, Commerce
Neo Financial Secures $68.5M in Oversubscribed Canadian-Led Round
Calgary-based Neo Financial has raised $68.5 million in an oversubscribed funding round led by a syndicate of more than 100 Canadian investors, at a higher valuation than its $362-million Series D round led by China’s Tencent in the fall of 2024. … READ MORE... about Neo Financial Secures $68.5M in Oversubscribed Canadian-Led Round
Interac Appoints D’Arcy McDonald to Lead Product Strategy
Interac Corp. has appointed D’Arcy McDonald as Group Head, Product, tasking the longtime financial services executive with leading the evolution of the organization’s national payments and digital trust portfolio. … READ MORE... about Interac Appoints D’Arcy McDonald to Lead Product Strategy
To Encourage Travel, Expedia Partners with Affirm for Flexible Payment Options
Expedia Group and Affirm recently expanded their partnership to make it easier for travellers in North America to plan and book with confidence. … READ MORE... about To Encourage Travel, Expedia Partners with Affirm for Flexible Payment Options
Manulife Speeds Life Insurance Approvals With AI-Powered Underwriting Upgrades
Manulife is rolling out a redesigned electronic life insurance application alongside an enhanced version of its proprietary AI underwriting engine, a move the company says can deliver automatic approvals in as little as two minutes for qualified applicants. … READ MORE... about Manulife Speeds Life Insurance Approvals With AI-Powered Underwriting Upgrades
BMO to Launch Blue Rewards as Part of ‘Streamlined Digital Experience’
One of Canada's largest banks is overhauling their rewards system. Bank of Montreal, the country's third largest bank, is revamping their iconic Air Miles rewards program in favour of a forthcoming proprietary system called Blue Rewards. … READ MORE... about BMO to Launch Blue Rewards as Part of ‘Streamlined Digital Experience’
Cyder Secures $3M Seed Round to Fuel Growth of Credit Union Loyalty Platform
A Canadian financial technology startup targeting loyalty innovation for credit unions this week revealed a round of fundraising. … READ MORE... about Cyder Secures $3M Seed Round to Fuel Growth of Credit Union Loyalty Platform
Brim, Float, Koho, Paramount, and Wise Join Payments Canada
Payments Canada has admitted five new payment service provider (PSP) members—Wise, Float, KOHO, Paramount Commerce, and Brim—marking another step in opening Canada’s core payments infrastructure to fintechs ahead of the launch of the Real-Time Rail (RTR). … READ MORE... about Brim, Float, Koho, Paramount, and Wise Join Payments Canada
While Funding Remains Lower, Proptech Report Reveals a ‘Stronger Ecosystem’
Proptech Collective this month released their fifth annual report providing a "comprehensive view of Canada’s evolving proptech landscape." … READ MORE... about While Funding Remains Lower, Proptech Report Reveals a ‘Stronger Ecosystem’