Portag3 Ventures today announced the initial closing of Portag3 Ventures II LP, its second fintech venture fund focused on early stage investments in the global financial technology sector. [Read more…] about Portag3 Ventures Announces Initial Closing of Fund II
Finn AI Closes $14 Million Series A Financing
Finn AI today announced it has completed a $14 Million (USD $11 Million) Series A financing round. [Read more…] about Finn AI Closes $14 Million Series A Financing
Pungle Integrates with Visa Direct for Real-Time Payments
Toronto-based fintech startup Pungle announced today it will enable business customers in Canada to offer real-time payment disbursements to their customers via Visa Direct. [Read more…] about Pungle Integrates with Visa Direct for Real-Time Payments
RBC Surveys Canadians On Cyber Security Threats
In the first major survey of Canadians’ attitudes to cyber security and the financial industry, RBC partnered with Ipsos to survey more than 2,000 Canadians on their cyber knowledge to gain more insight into Canadians’ concerns about cyber security and the steps they can take to protect themselves. [Read more…] about RBC Surveys Canadians On Cyber Security Threats
Finance Montréal Launches Sixth Edition of the Canada FinTech Forum
The Canada FinTech Forum takes place from October 29th to 31st at the Palais des Congrès de Montréal with more than 70 speakers will be there to discuss this year’s theme, “Open Innovation in Financial Services”. [Read more…] about Finance Montréal Launches Sixth Edition of the Canada FinTech Forum
Coinsquare Adds BMO as Banking Partner
One of Canada’s main cryptocurrency exchanges, Toronto-based Coinsquare, has announced it has secured a banking partnership with on of Canada’s top five banks. [Read more…] about Coinsquare Adds BMO as Banking Partner
Kooltra Completes $6.5 Million Round of Financing
Toronto’s Kooltra announced today it has completed a $6.5 million CAD investment round from Hyde Park Venture Partners, Round 13 Capital, Salesforce Ventures and existing investor Real Ventures. [Read more…] about Kooltra Completes $6.5 Million Round of Financing
Hopper Lands $100 Million Round Led by OMERS Ventures
Today Montreal-based travel booking app Hopper announced US $100 million in Series D financing led by OMERS Ventures. [Read more…] about Hopper Lands $100 Million Round Led by OMERS Ventures
Slice Labs Raises US$20 Million in Extended Series A funding
Ottawa’s Slice Labs, a provider of cloud-based solutions for the on-demand insurance space, has raised US$20 million in its most recent funding round.
The Series A funding round was led by Canadian insurer The Co-operators – an important development following the company’s launch of its first-ever on-demand insurance product for homesharing hosts under the new duuo label.
Other investment participants included XL Innovate, Horizons, Munich Re/HSB Ventures, Sompo, Veronorte, the investment arm of Grupo Sura, and JetBlue Technology Ventures.
Together with the latest round, Slice’s total series A funding is now at US$31.6 million.
According to a press release from Slice Labs, the extended funding round will be used to globalize its Insurance Cloud Services (ICS).
“The ICS platform is rapidly growing as insurers increasingly realize the need to engage a cloud-based platform and the competitive edge a fully digital on-demand insurance offering provides,” commented Slice Labs CEO Tim Attia. “This exceptional bench of new and returning investors will be a tremendous asset as we continue scaling our business and experimenting with the unmatched potential of digital insurance.”
Shopify Invests Up To $500 Million in Toronto Development
Shopify has announced that it is investing up to $500 million for a downtown Toronto development, more than doubling the company’s footprint in the city. [Read more…] about Shopify Invests Up To $500 Million in Toronto Development