A US-based mortgage Goliath is entering the Canadian market via an Ontario upstart.
Rocket Mortgage subsidiary Edison Financial, based in Windsor, will rebrand as Rocket Mortgage in Canada. [Read more…] about Windsor Upstart Edison Financial to Rebrand as Rocket Mortgage in Canada
Half of Canadians used less cash this last year than in the past, suggests a new survey highlighting the Pandemic-accelerated shift in payments culture.
Three-quarters of Canadians have used at least one emerging payment method in the last year, which includes cryptocurrency, digital cards, and “Buy Now, Pay Later” services. According to Mastercard’s New Payments Index, this figure is project to rise to 88% next year. [Read more…] about Emerging Payment Tech Continues to Gain Steam Over Cash, Mastercard Says
A new venture fund from a renowned international brand has made its first portfolio investment.
Luxury art giant Christie’s this month launched Christie’s Ventures, a new fund with a “focus on early-stage technology and FinTech companies built by proven-track record founders.” [Read more…] about International Fintech Fund Taps Canadian Company for First Investment
Shopify has not proven immune to the global market downturn.
The Ottawa-based e-commerce titan announced online that it is letting to of roughly 1,000 employees, or 10% of its staff. [Read more…] about Shopify Loses Bet on Future of Commerce, Axes 10% of Staff
The second quarter of 2022 wasn’t so hot for investment in Canada’s financial technology sector, a new report has found.
CB Insights’ latest State of Fintech report revealed a drop in total deals and total funding. Quarter-over-quarter, funding was down roughly 75%. Year-over-year analysis arrives at a similar figure. [Read more…] about State of Fintech Report Shows Sharp Decrease in Deals, Funding Among Canadian Firms
According to data from Montreal-based financial technology startup Hardbacon, over half of Canadians don’t have a budget and many want to invest but are not confident enough. [Read more…] about Montreal’s Hardbacon Sees Success with Oversubscribed Crowdfunding Campaign
Future Capital has announced a second Women in Technology Series.
The Vancouver-based learning and opportunity platform for investors says the collaboration with BDC Capital’s Women in Technology Venture will launch this summer. [Read more…] about Future Capital, BDC Capital Launch Program to Activate Pipeline of Women Investors in Canada
Equity Crowdfunding Week is an annual international event showcasing the most innovative companies raising capital in the private markets.
Toronto-based equity crowdfunding platform FrontFundr announced this month that it will represent Canada at the event, which will take place for its second edition in Los Angeles this September. [Read more…] about FrontFundr Looks to Represent Canada on Global Equity Crowdfunding Stage
Toronto-born KOHO Financial kicked the year off by closing a $210 million Series D funding round.
“I think our growth is evidence that Canadians are looking for something different,” Daniel Eberhard, founder of KOHO, said at the time. [Read more…] about KOHO Taps Mastercard to Offer Canadians Faster Payments
Mastercard has launched Changeworks, the core mission of which is to support Canadian not-for-profits by helping them improve their technology and data capabilities. [Read more…] about Mastercard Launches Changeworks to Help Nonprofits with Digital Transformation
