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Fintech Newsdesk

TD Launches AI Prism to Power Predictive Banking at Scale

June 11, 2025 by Fintech Newsdesk Leave a Comment

TD Bank Group has unveiled TD AI Prism, a proprietary artificial intelligence foundation model designed to reshape how the bank predicts customer needs and delivers personalized experiences. [Read more…] about TD Launches AI Prism to Power Predictive Banking at Scale

Filed Under: News Tagged With: TD

Giftbit Rolls Out New Features to Streamline Global Digital Rewards

June 11, 2025 by Fintech Newsdesk Leave a Comment

Victoria-based Giftbit, a digital payouts and gift card platform for businesses, has launched a series of new features aimed at simplifying reward delivery and strengthening its global offering. [Read more…] about Giftbit Rolls Out New Features to Streamline Global Digital Rewards

Filed Under: News Tagged With: Giftbit

FISPAN Raises $41M to Advance Embedded ERP Banking Solutions

June 3, 2025 by Fintech Newsdesk Leave a Comment

Vancouver’s FISPAN has secured $41 million in Series B funding to expand its embedded ERP banking platform, with the round led by fintech-focused investment firm Canapi Ventures. [Read more…] about FISPAN Raises $41M to Advance Embedded ERP Banking Solutions

Filed Under: News Tagged With: FISPAN

Interpolitan Money Enters Canadian Market, Appoints Sonya Cléroux as Country Head

May 16, 2025 by Fintech Newsdesk Leave a Comment

UK-based financial services firm Interpolitan Money has officially launched operations in Canada, appointing industry veteran Sonya Cléroux as its first Head of Country. [Read more…] about Interpolitan Money Enters Canadian Market, Appoints Sonya Cléroux as Country Head

Filed Under: News Tagged With: Interpolitan Money

Toronto’s Stablecorp Secures $2.5M to Advance Canadian Dollar Stablecoin

May 15, 2025 by Fintech Newsdesk Leave a Comment

Toronto-based fintech firm Stablecorp has raised $2.5 million in strategic growth capital to expand and upgrade QCAD, its Canadian dollar-denominated stablecoin.

The funding round was led by Coinbase Ventures and Side Door Ventures, with participation from existing investors. The new capital will be used to enhance QCAD’s digital money infrastructure, including expanding its role in payments, foreign exchange, and digital asset transactions.

The investment comes with warrants for the purchase of additional equity at a higher valuation, reflecting confidence in Stablecorp’s long-term vision for QCAD as a critical tool for the future of Canadian financial services.

“Stablecoins are the most efficient rail ever devised to move money both domestically and globally, and it’s time that Canadians get the benefit of this financial services superconductor,” said Alex McDougall, President of Stablecorp. “The time to digitize all this commerce was yesterday and we’re thrilled to be working with a global leader like Coinbase to make this happen.”

QCAD is currently undergoing a structural overhaul aimed at improving trust and transparency. Once complete, the reserve assets backing QCAD will be held by an independent trust—QCAD Digital Currency Trust (QDCT)—with daily market value reporting, monthly attestations, and publicly audited annual statements. Qualified Holders will also gain the right to redeem QCAD directly for the underlying reserves.

The upgrades are part of a broader strategy to foster real-world use cases such as cross-border payments, global trade finance, and remittances. Stablecorp is building out advanced payment rail integrations and deep on-chain FX markets to support these efforts.

Lucas Matheson, CEO of Coinbase Canada, underscored the urgency of Canada embracing digital currency innovation. “In the last 12 months, stablecoins traded $30 trillion in transfer volume—nearly three times that of the Visa network,” he noted. “Canada is not currently set up for success and that’s why we’re excited about this partnership with Stablecorp to move us in the right direction.”

Both Stablecorp and Coinbase emphasized their alignment with regulatory guidance from the U.S. Securities and Exchange Commission, affirming that QCAD does not constitute a security—a stance they believe should be mirrored in Canada.

With the Canadian dollar ranking among the top global reserve and FX currencies, the companies see QCAD as a strategic piece of infrastructure that can help digitize Canadian commerce on a global scale.

Filed Under: News Tagged With: Coinbase, Stablecorp

Robinhood to Acquire WonderFi in $250M Deal to Expand Crypto Presence in Canada

May 13, 2025 by Fintech Newsdesk Leave a Comment

Toronto-based WonderFi is set to be acquired by Robinhood Markets in a $250 million all-cash deal. The U.S. trading giant is offering $0.36 per share—a 41% premium over WonderFi’s last TSX closing price. [Read more…] about Robinhood to Acquire WonderFi in $250M Deal to Expand Crypto Presence in Canada

Filed Under: News Tagged With: Robinhood Markets, WonderFi

Square Launches New Unified Point of Sale App in Canada

May 12, 2025 by Fintech Newsdesk 1 Comment

Square has officially launched its next-generation Point of Sale (POS) app in Canada, unifying its vertical-specific commerce and payments functionality into a single, customizable platform designed to support business growth and operational complexity. [Read more…] about Square Launches New Unified Point of Sale App in Canada

Filed Under: News Tagged With: Square

Dye & Durham Modernizes Bill Payments with Automated Error Correction Tool

May 6, 2025 by Fintech Newsdesk Leave a Comment

Dye & Durham has announced the launch of an automated error correction feature within its CANACT BillPay platform, a first-of-its-kind advancement that addresses persistent inefficiencies in Canada’s bill payment infrastructure. [Read more…] about Dye & Durham Modernizes Bill Payments with Automated Error Correction Tool

Filed Under: News Tagged With: Dye & Durham, Payments Canada

DailyPay Expands into Canada, Bringing Earned Wage Access to Local Workforce

April 30, 2025 by Fintech Newsdesk Leave a Comment

DailyPay, a U.S.-based worktech company and pioneer in Earned Wage Access (EWA), is launching operations in Canada this May, marking its second international expansion following its entry into the United Kingdom in late 2024. [Read more…] about DailyPay Expands into Canada, Bringing Earned Wage Access to Local Workforce

Filed Under: News Tagged With: DailyPay

HonestDoor Unveils AI Real Estate Agent ‘Doora’ Ahead of 2025 Launch

April 25, 2025 by Fintech Newsdesk Leave a Comment

Edmonton-based proptech innovator HonestDoor is preparing to launch its most ambitious product yet: Doora, a conversational AI real estate agent designed to make navigating Canada’s housing market easier, faster, and more affordable. [Read more…] about HonestDoor Unveils AI Real Estate Agent ‘Doora’ Ahead of 2025 Launch

Filed Under: News Tagged With: HonestDoor

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