Canada’s largest blockchain and cryptocurrency event returns to Toronto next week. Presented by Untraceable, Blockchain Futurist Conference 2022 represents the return of the flagship conference that has over the years attracted some of crypto’s most notable heavyweights. [Read more…] about Canada’s Largest Cryptocurrency Event Returns to Toronto Next Week
News
QuadFi Uses AI to Help Newcomers Secure Financial Products in Canada
QuadFi today unveiled a “breakthrough” in its product offering. The Toronto-based financial technology firm says its new model provides a credit solution to millions of immigrants, across North America and beyond. [Read more…] about QuadFi Uses AI to Help Newcomers Secure Financial Products in Canada
Clearco Abruptly Reverses Course, Trims 25% of Workforce
Clearco is in muddy water.
The Toronto-based financial technology firm, founded in 2015, has abruptly reversed course. According to a memo issued to staff on Friday, a quarter of the company’s 500-strong workforce is being trimmed and it may abandon multiple international markets. [Read more…] about Clearco Abruptly Reverses Course, Trims 25% of Workforce
A Succinct Record of Shopify
The brains behind Fintech.ca have been covering Shopify since 2006.
It is among the largest and most storied technology firms in Canada, having helped pioneer modern commerce for the internet.
Our story begins with a handful of snowboard enthusiasts looking to make a buck off their passion in the fine city of Ottawa—or rather, not anywhere at all, but online. [Read more…] about A Succinct Record of Shopify
Windsor Upstart Edison Financial to Rebrand as Rocket Mortgage in Canada
A US-based mortgage Goliath is entering the Canadian market via an Ontario upstart.
Rocket Mortgage subsidiary Edison Financial, based in Windsor, will rebrand as Rocket Mortgage in Canada. [Read more…] about Windsor Upstart Edison Financial to Rebrand as Rocket Mortgage in Canada
Emerging Payment Tech Continues to Gain Steam Over Cash, Mastercard Says
Half of Canadians used less cash this last year than in the past, suggests a new survey highlighting the Pandemic-accelerated shift in payments culture.
Three-quarters of Canadians have used at least one emerging payment method in the last year, which includes cryptocurrency, digital cards, and “Buy Now, Pay Later” services. According to Mastercard’s New Payments Index, this figure is project to rise to 88% next year. [Read more…] about Emerging Payment Tech Continues to Gain Steam Over Cash, Mastercard Says
International Fintech Fund Taps Canadian Company for First Investment
A new venture fund from a renowned international brand has made its first portfolio investment.
Luxury art giant Christie’s this month launched Christie’s Ventures, a new fund with a “focus on early-stage technology and FinTech companies built by proven-track record founders.” [Read more…] about International Fintech Fund Taps Canadian Company for First Investment
Shopify Loses Bet on Future of Commerce, Axes 10% of Staff
Shopify has not proven immune to the global market downturn.
The Ottawa-based e-commerce titan announced online that it is letting to of roughly 1,000 employees, or 10% of its staff. [Read more…] about Shopify Loses Bet on Future of Commerce, Axes 10% of Staff
Edmonton’s Truffle Raises Seed Round To Take On Lightspeed & TouchBistro
The demand for online food ordering has grown since the pandemic, with many restaurants relying on third-party delivery services like Uber Eats, SkipTheDishes and DoorDash. However, their delivery fees have become less appealing to customers over time. [Read more…] about Edmonton’s Truffle Raises Seed Round To Take On Lightspeed & TouchBistro
State of Fintech Report Shows Sharp Decrease in Deals, Funding Among Canadian Firms
The second quarter of 2022 wasn’t so hot for investment in Canada’s financial technology sector, a new report has found.
CB Insights’ latest State of Fintech report revealed a drop in total deals and total funding. Quarter-over-quarter, funding was down roughly 75%. Year-over-year analysis arrives at a similar figure. [Read more…] about State of Fintech Report Shows Sharp Decrease in Deals, Funding Among Canadian Firms