The Canadian Bitcoin Consortium has launched Blockchain Insurance Inc., a newly licensed insurance company designed specifically for digital asset and fintech businesses. [Read more…] about Canadian Bitcoin Consortium Launches Member-Owned Insurance Company
Wagepoint Adds Time Tracking and Mobile App
Calgary-based payroll fintech Wagepoint is expanding beyond core payroll into workforce management, launching built-in Timesheets and a new employee mobile app as the company moves to own more of the small-business employment workflow. [Read more…] about Wagepoint Adds Time Tracking and Mobile App
Zūm Rails Completes Payments Stack With Embedded Card Acceptance
Montreal-based Zūm Rails has added embedded credit card acceptance to its platform, allowing companies to integrate fully customizable checkout experiences directly inside their products across both Canada and the United States. [Read more…] about Zūm Rails Completes Payments Stack With Embedded Card Acceptance
Nmbr Enables Embedded Payroll Inside Canadian HR Platform
Canadian fintech startup Nmbr has launched its embedded payroll infrastructure in production, powering payroll directly inside HR platform Collage — a first for Canada’s benefits broker ecosystem. [Read more…] about Nmbr Enables Embedded Payroll Inside Canadian HR Platform
Loft47 Expands Into Operational Infrastructure for Brokerages
Vancouver-based Loft47 is moving beyond commission accounting. [Read more…] about Loft47 Expands Into Operational Infrastructure for Brokerages
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
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
Float Lands $100M to Scale Business Banking
Toronto-based Float has secured nearly $100 million in debt financing through two facilities from Silicon Valley Bank, a division of First Citizens Bank, and an undisclosed tier-1 Canadian bank. [Read more…] about Float Lands $100M to Scale Business Banking
Calgary-Based Chata.ai Raises US$10M To Bring Precision AI to Financial Analytics
Calgary-based Chata.ai has raised US$10 million in Series A funding to scale its conversational analytics platform for financial services, as institutions seek more reliable and auditable alternatives to probabilistic AI systems. [Read more…] about Calgary-Based Chata.ai Raises US$10M To Bring Precision AI to Financial Analytics