Fintech Newsdesk

Edmonton’s Truffle Raises Seed Round To Take On Lightspeed & TouchBistro

The demand for online food ordering has grown since the pandemic, with many restaurants relying on third-party delivery services like Uber Eats, SkipTheDishes and DoorDash. However, their delivery fees have become less appealing to customers over time. [Read more…] about Edmonton’s Truffle Raises Seed Round To Take On Lightspeed & TouchBistro

Toronto’s Ratehub.ca has received a “major” investment from Canadian private equity firm Novacap.

While Novacap announced the relationship as a ‘partnership’, BetaKit confirmed that the North American private equity firm actually acquired a majority stake in Ratehub.ca. [Read more…] about Novacap Acquires Majority Stake In Canada’s Largest Online Marketplace For Financial Services

Canadian crypto custodian Balance is celebrating their fifth anniversary with $500 million of assets under custody.

Founded in June 2017, the startup introduced its custody services in a closed pilot in August 2018. The public launch followed one year later, the first of its kind in Canada. [Read more…] about Balance Celebrates Fifth Anniversary With $500 Million Of Assets Under Custody

June 23, 2022 by Fintech Newsdesk

Toronto’s Brim Financial has partnered with Air France-KLM in Canada to launch a credit card program for their Canadian Flying Blue members. [Read more…] about Brim Partners With Air France-KLM To Launch Credit Card Program

Toronto fintech startup Nuula has officially launched in Canada.

Starting today, Nuula will provide Canadian small business owners with a revolutionary way to monitor the performance of their business and access a range of financial products designed to serve their business, and their needs as business owners. [Read more…] about Nuula Launches In Canada To Support Small Businesses, Entrepreneurs

Prince Edward Island’s PayTic has closed a $2.95 millon funding round led by Halifax-based Build Ventures. Island Capital Partners, Concrete Ventures and Outlierz Ventures completed the remainder of the round. [Read more…] about PayTic Raises $2.95 Million To Help Banks, Credit Unions Centralize Program Management

Canadian digital bank Neo Financial has raised a $185 million Series C round led by Valar Ventures.

The mammoth round brings Neo’s total funding to $299 million since its 2019 inception and values the company at over $1 billion, making Neo one of the fastest Canadian companies to reach the coveted ‘unicorn’ status. [Read more…] about Calgary’s Neo Financial Achieves Billion Dollar Unicorn Status After $185 Million Round

Toronto’s crypto banking-as-a-service provider Cybrid has secured USD $3.1 million in seed financing to support the expansion of its developer-focused crypto platform for fintechs and challenger banks. [Read more…] about Cybrid Secures $3.8 Million Round To Help Challenger Banks Launch Crypto