The global ecommerce opportunity offers new customer bases, bigger revenues and unbridled growth for retailers who are ready to grasp it. Consumers all over the world are now so comfortable with online purchasing they’re increasingly buying from retailers outside of their home countries, with the result that cross-border ecommerce is now growing at twice the rate of domestic ecommerce. [Read more…] about Why Localization Matters In Global Ecommerce
Toronto’s Financeit, Canada’s leading point-of-sale financing provider in the home improvement sector, has reached another funding milestone as they have officially exceeded $2 billion in loan originations. [Read more…] about Financeit Reaches New Milestone With $2 Billion In Loans
Montreal-based fintech startup nesto has raised a $76 million Series B funding round led by Michael Rowell and Michael Paulus, the entrepreneurs behind Assurance IQ, which was sold to Prudential Financial in 2019. [Read more…] about Nesto Raises $76 Million To Offer Canadians “Low From the Get Go” Mortgage Rates
Vancouver’s Trulioo has completed a $394 million Series D round at a massive $1.75 billion valuation, joining Canada’s growing stable of unicorns.
Trulioo is a global identity network enabling companies to reliably onboard customers in a digital-first world. For Trulioo’s customers, this speeds international expansion, mitigates fraud risk, and ensures regulatory compliance. [Read more…] about KYC Leader Trulioo Becomes A Unicorn With $1.75 Billion Valuation
Vancouver’s Bench has raised a $72.5 million in Series C financing led by Contour Venture Partners.
The funding round more than doubles Bench’s total funding to over $120 million, and was supported by existing investors Altos Ventures, iNovia Capital, and BMO T&I, and new investors including Sage and Shopify. [Read more…] about Bench Raises $72.5 Million To Expand Beyond Accounting with Bench Banking
Vancouver fintech startup BlocPal will soon be a publicly traded company.
BlocPal has agreed to complete a business combination by way of a reverse takeover and in the process will raise a $25 million private placement. [Read more…] about BlocPal To Raise $25 Million During Reverse Takeover
Three months ago Mogo acquired 20 percent of Coinsquare. Last month Mogo nearly doubled its stake, increasing its ownership in to approximately 37 percent. [Read more…] about Mogo Increases Ownership Stake In Coinsquare
Calgary-based payments company Helcim is getting rid of its $20 monthly fee for its merchant services.
The decision to remove the monthly fee reflects Helcim’s commitment to providing a better payments service and helping more small businesses compete with the giants in their industries. [Read more…] about Helcim Puts Money Back in Merchant’s Pockets by Dropping Its $20 Monthly Fee
This week, CIBC, TD, and RBC reported a 100% increase of profit for Q1 of 2021 compared to the same period last year, while BMO has almost doubled their profit.
Currently, 53% of Canadians live paycheque to paycheque. [Read more…] about KOHO Launches Initiative To Help Canadians Fight Bank Fee Increases
Vancouver rental platform startup liv.rent has added bitcoin as a form of payment, allowing tenants to pay their rent with cryptocurrency while the landlord receives fiat currency. [Read more…] about Vancouver Startup liv.rent Lets You Pay Your Rent With Bitcoin