The average Canadian pays around $159 in bank fees per year – some of the highest in the world. That’s more than what most savings accounts with a $12,000 balance would earn in annual interest. [Read more…] about KOHO Launches Tool to Help Canadians Find Hidden Bank Fees
News
Meridian Targets Digitally-savvy Canadians with Motusbank Launch
With over 75 years of banking history, Meridian is Ontario’s largest credit union and the third-largest in Canada with 340,000 members and over $20 billion in assets under management. [Read more…] about Meridian Targets Digitally-savvy Canadians with Motusbank Launch
Town of Innisfil First Municipality in Canada to Accept Cryptocurrency
The Town of Innisfil was already catching praise for its use of a ride-sharing transit service, now it is the first to get behind cryptocurrency. [Read more…] about Town of Innisfil First Municipality in Canada to Accept Cryptocurrency
Finaeo Raises $5 Million to Transform the Distribution of Insurance
Toronto’s Finaeo has announced a $5.35 million funding round, led Luge Capital, supported by RGAX, the transformation unit of global reinsurer RGA, San Francisco-based Rising Tide Fund, iNovia Capital and a strong angel syndicate, led by AngelList Partner, Alex Norman. [Read more…] about Finaeo Raises $5 Million to Transform the Distribution of Insurance
Building the Toronto Region into a Global Fintech Leader
Toronto’s Fintech ecosystem has continued to grow in recent years and has a significant opportunity to increase its share of global deals, according to a new report from Toronto Finance International (TFI). [Read more…] about Building the Toronto Region into a Global Fintech Leader
QUID Launches Modern Payment Platform in Canada
Toronto’s QUID has announced the launch of its payments platform that enables online transactions in pennies at very high volumes. [Read more…] about QUID Launches Modern Payment Platform in Canada
Ritual Announces International Expansion into U.K. and Australia
Toronto-born mobile pickup app Ritual announced today it has expanded internationally into London, England and Sydney, Australia and plans for expansion into Europe. [Read more…] about Ritual Announces International Expansion into U.K. and Australia
Winnipeg’s Bold Commerce Raises $22 Million to bring AI to Ecommerce
Winnipeg’s Bold Commerce has raised $22 million in Series A financing from Whitecap Venture Partners and Round13 Capital. [Read more…] about Winnipeg’s Bold Commerce Raises $22 Million to bring AI to Ecommerce
TD Bank Adds AI-powered Chatbot Named Clari to its Mobile App
TD Bank Group has launched a new chatbot integrated into the bank’s mobile app that empowers customers with in-the-moment personal spending insights and helps them make everyday transactions. [Read more…] about TD Bank Adds AI-powered Chatbot Named Clari to its Mobile App
Wealthsimple Set to Launch Mutual Fund Investment Firm
According to the Globe and Mail, Toronto’s Wealthsimple is set to announce the launch of their own mutual-fund investment firm, armed with a suite of in-house advisors. [Read more…] about Wealthsimple Set to Launch Mutual Fund Investment Firm