News

Sensibill and Caary Partner to Bring Robust Digital Finance Services to SMEs

August 13, 2021 by Joshua Rovner Leave a Comment

Sensibill, the leading provider of everyday financial tools and SKU-level insights, and Caary, a new credit and financial platform for small and medium-sized enterprises (SMEs), announced their partnership today.

Together, the companies will offer an end-to-end financial services solution for SMEs that includes credit, payment solutions, receipt capture, expense management and automated reconciliation. [Read more…] about Sensibill and Caary Partner to Bring Robust Digital Finance Services to SMEs

KOHO Launches Instant Pay Ushering In A New Era Of Payroll Infrastructure

August 11, 2021 by Fintech Newsdesk Leave a Comment

KOHO is making everyday a pay day for individuals all over the country.

Furthering their commitment to equip all Canadians with control over their finances, the Toronto-based fintech has launched Instant Pay with select partners and users. [Read more…] about KOHO Launches Instant Pay Ushering In A New Era Of Payroll Infrastructure

EonLabs’ AI-powered Trading System Outperforms Bitcoin With 530% Return

July 31, 2021 by Fintech Newsdesk Leave a Comment

Vancouver’s EonLabs has delivered investment returns that most could only dream of. Their system conducts thousands of lightning-fast trades per day, churning through $3 billion in monthly trade volume – generating 530 percent growth since September 2020. [Read more…] about EonLabs’ AI-powered Trading System Outperforms Bitcoin With 530% Return

Shopify Announces First Billion-Dollar Quarter

July 28, 2021 by Joshua Rovner Leave a Comment

Ottawa-based e-commerce giant Shopify recently announced its first-ever $1 billion revenue quarter. As part of its Q2 2021 financial results, Shopify claimed $1.12 billion in total revenue, up 57% year-over-year. [Read more…] about Shopify Announces First Billion-Dollar Quarter

Properly Raises $44 Million To Expand Brokerage Across Canada

July 21, 2021 by Joshua Rovner Leave a Comment

Toronto-based proptech startup Properly has raised $44 million to scale its tech-enabled real estate brokerage and capitalize on a surging Canadian market. [Read more…] about Properly Raises $44 Million To Expand Brokerage Across Canada

Tetra Trust Becomes Canada’s First Qualified Crypto Custodian

July 14, 2021 by Joshua Rovner Leave a Comment

Calgary-based startup Tetra Trust Company recently announced its launch as Canada’s first qualified custodian for crypto assets with approval from the Government of Alberta.

Founded in 2019, Tetra is focused on helping more institutional investors safely story their crypto assets, including bitcoin and ether among other digital assets. Tetra aims to help crypto service providers, investors, and fiduciaries mitigate the risk of theft and loss. The company charges an asset under custody fee and provides escrow services for crypto transactions. [Read more…] about Tetra Trust Becomes Canada’s First Qualified Crypto Custodian

Float Raises $5 Million For Corporate Credit Card Platform

July 14, 2021 by Fintech Newsdesk Leave a Comment

Toronto fintech startup Float has secured $5 million in financing consisting of a $4 million equity round co-led by Susa Ventures and Golden Ventures and $1 million in debt financing from Silicon Valley Bank. [Read more…] about Float Raises $5 Million For Corporate Credit Card Platform

Michele Romanow’s Clearco Raises $215 Million Growth Equity Round

July 8, 2021 by Joshua Rovner Leave a Comment

Toronto-based Clearco, formerly known as Clearbanc, has raised $215 million in a growth equity funding round led by Softbank’s Vision Fund 2. [Read more…] about Michele Romanow’s Clearco Raises $215 Million Growth Equity Round

Caary Raises $4.1 Million to Provide Credit to SMBs

July 6, 2021 by Joshua Rovner Leave a Comment

Toronto-based fintech startup Caary has received $4.1 million in funding in a late-seed equity round.

Caary’s financing involved a crowdfunding component with at least 150 undisclosed investors. The company claims it raised more than double its initial goal.

Study Ranks Canada As 10th Most Crypto-friendly Nation In The World

July 3, 2021 by Joshua Rovner 1 Comment

A recent study has found Canada to be the 10th most ‘crypto-ready’ country in the world, ahead of Gibraltar and just behind Germany. [Read more…] about Study Ranks Canada As 10th Most Crypto-friendly Nation In The World