Deloitte Canada has announced this year’s winners of the Technology Fast 50, Companies-to-Watch, and Enterprise Fast 15 awards, recognizing the world-class achievements of the best in tech companies across Canada. [Read more…] about 12 Canadian Fintechs Acknowledged on Deloitte’s Technology Fast 50
Koho
Koho Restructures Business Toward Profitability
Toronto-born KOHO Financial kicked 2022 off by closing a $210 million Series D funding round. [Read more…] about Koho Restructures Business Toward Profitability
With Awareness of Competition Low, Canadians Slow to Adopt Financial Technology
I wear a fitness tracker, wield a tablet, and invest from my phone. Pretty standard stuff, right?
On the whole, I consider myself to be rarely at the forefront of cutting-edge technology. Very few things do I “early adopt.” I know this and I am okay with it. [Read more…] about With Awareness of Competition Low, Canadians Slow to Adopt Financial Technology
These Six Canadian Fintech Firms Are on Track for Billion-Dollar Revenue
Earlier this summer, Communitech unveiled the first ever Team True North. The Kitchener-based hub for entrepreneurship created the list to spotlight “the best of Canadian tech”—which by their measure is defined as high-performing tech firms tracking to $1 billion in annual revenue with growth rates that match the top 1% of companies in the world. [Read more…] about These Six Canadian Fintech Firms Are on Track for Billion-Dollar Revenue
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
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
KOHO Taps Mastercard to Offer Canadians Faster Payments
Toronto-born KOHO Financial kicked the year off by closing a $210 million Series D funding round.
“I think our growth is evidence that Canadians are looking for something different,” Daniel Eberhard, founder of KOHO, said at the time. [Read more…] about KOHO Taps Mastercard to Offer Canadians Faster Payments
The Best Workplaces in Canadian Fintech
No one should be surprised to learn that Toronto continues to be Canada’s leader for fintech opportunities and now we know that Toronto’s fintechs are among the Best Workplaces in Canada. [Read more…] about The Best Workplaces in Canadian Fintech
Portage Ventures Closes USD $616 Million For Third Fintech Fund
Canada’s own Portage Ventures announced the sixth closing of Portage Ventures III LP, its third venture fund focused on fintech investments in the United States, Canada and Europe. [Read more…] about Portage Ventures Closes USD $616 Million For Third Fintech Fund
KOHO Secures One of Canada’s Largest Fintech Funding Rounds with $210 Million Series D
Toronto-headquartered KOHO announced today that it has closed a C$210 million Series D funding round led by Greenwich, Connecticut’s Eldridge and including additional investments by HOOPP, Round13, and BDC. [Read more…] about KOHO Secures One of Canada’s Largest Fintech Funding Rounds with $210 Million Series D