Your Source for Canadian Fintech News
Today the Holt Fintech Accelerator announced the launch of its 2019 cohort, the second in its history.
Building on the success of the class of 2018, Canada’s only business accelerator devoted exclusively to Fintech welcomes 8 new companies from 5 different countries. Continue reading “Holt Fintech Accelerator Launches 2019 Cohort”
The UK’s Department for International Trade (DIT), British Airways, Scottish Development International (SDI), and Bank of Montreal (BMO) are hosting a Fintech Mission to the UK for Canadian Fintechs from October 19th to 26th. Continue reading “Apply Now to Participate in Fintech Mission to the UK”
Toronto’s Sensibill has raised US $31.5 million in a Series B funding round led by AI-focused venture fund Radical Ventures.
Also participating in the round was Information Venture Partners, First Ascent Ventures, and National Bank of Canada.
Founded in 2013, the AI-powered digital receipt startup targets freelancers and small business owners and has now raised total financing of $46.5 million.
Sensibill works with banks such as TD and Scotiabank to incorporate its digital receipt technology into their apps, enabling personal and business customers to manage line item receipts from their phones.
The platform uses machine learning to structure receipt data and give both banks and their customers rich insights such as product information, return policy tracking and categorization.
KOHO announced today that it has closed a $42 million fundraising round led by Portag3 Ventures, including Greyhound Capital and other strategic investors. Continue reading “KOHO Raises $42 Million in Series B Round”
Canada’s technology sector is growing quickly and to help companies compete and grow in this burgeoning sector, BMO has introduced its Technology & Innovation Banking Group. Continue reading “BMO Announces New Technology & Innovation Banking Group”
Creating and sticking to a budget is key to financial success, but it can also result in feelings of stress and anxiety for many Canadians. Continue reading “RBC Launches AI-powered Budgeting App”
Toronto-headquartered Wave has partner with Visa to launch a new limited release payments solution that aims to transform the way small businesses manage their cash flow and provide merchants quicker access to funds. Continue reading “Wave and Visa Join Forces to Improve Cash Flow for Small Businesses”
Thirty of the best fintech and AI startups participated in a Pitch Battle yesterday at the fourth annual Canadian Fintech 3.0 Summit in Toronto with a chance to win an investment prize of over $100,000. Continue reading “Canadian Fintech Summit 3.0 Pitch Battle Winners Crowned”
Mastercard is acquiring Ethoca, a Toronto-based fintech company that help merchants and card issuers collaborate in real-time to quickly identify and resolve fraud in digital commerce. Continue reading “Mastercard Acquires Toronto-based Fintech Ethoca”
Fintech is no longer about digitizing existing financial products. It’s about integrating financial services into applications and services you use every day. Add in the power of AI and you have a recipe for global success. Continue reading “Canadian Fintech Summit Returns to Toronto”