Fintech Newsdesk

Buy-now-pay-later Leader Financeit Strikes $500 Millon Partnership With RBC

Financeit has entered into a new strategic consumer lending agreement with the Royal Bank of Canada (RBC) to solidify its position as Canada’s leading point-of-sale financing provider. [Read more…] about Buy-now-pay-later Leader Financeit Strikes $500 Millon Partnership With RBC

Orlando’s Fattmerchant has made a strategic, majority investment in Ottawa-based subscription and billing payments platform, Fusebill. [Read more…] about Fusebill Receives Strategic Investment from US Payment Tech Provider

Brim Financial announced today the close of a $25 million Series B, co-led by Desjardins Group and US-based EPIC Ventures with strong participation from Canadian and US based investors including goeasy, White Owl and Impression Ventures. [Read more…] about Brim Financial Raises $25 Million To Transform The Way People Bank

Canadian securities regulators have cleared the launch of the Purpose Bitcoin ETF, making it the first to gain regulatory approval in North America.

The fund from Purpose Investments is designed to provide investors with exposure to the world’s largest cryptocurrency by investing directly in physically settled Bitcoin. [Read more…] about North America’s First Bitcoin ETF Gets Green Light in Canada

Vancouver’s Fraction Technologies has raised $289 million in a combination of equity and debt financing from Impression Ventures, Primetime Partners, Global Founders Capital, and Panache Ventures, among others. [Read more…] about Fraction Raises $289 Million, Takes Aim At Reverse Mortgages

Canadian challenger bank KOHO continues to disrupt the personal finance space, announcing today the launch of their first Credit Building product. KOHO Credit Building reports all activity to TransUnion®, one of the two major reporting bureaus in Canada. [Read more…] about KOHO Launches Credit Building for Canadians

Toronto’s Foxquilt has partnered with Digital Partners, a Munich Re company, to enable them to operate as a full-service insurance provider and co-creator of new, end-to-end insurance products/programs for small businesses. [Read more…] about Foxquilt Announces Partnership with Digital Partners, a Munich Re company

Toronto non-profit Innovate Financial Health (IFH) has been acquired by Montreal’s Fintech Cadence.

Founded in 2017, Fintech Cadence is on a mission to develop Canada’s future fintech leaders. Since their creation, they have launched the first fintech-focused incubator but have grown to include a 12-week Fintech Certificate and the Formathon, Canada’s biggest fintech competition. [Read more…] about Fintech Cadence Acquires Innovate Financial Health

London’s Paystone has raised a $69 million strategic funding round from Canadian Business Growth Fund (CBGF) and National Bank of Canada.

The funds will be used to fuel growth in customer engagement services and electronic payment processing solutions. [Read more…] about London’s Paystone Raises $69 Million Financing Round

Toronto’s Sensibill, the leading provider of everyday financial tools and SKU-level insights, launched their new Sensibill Platform today, which includes two new solutions, Spend Manager and Spend Insights. [Read more…] about Sensibill Introduces the Sensibill Platform With SKU-level Insights