Toronto’s crypto banking-as-a-service provider Cybrid has secured USD $3.1 million in seed financing to support the expansion of its developer-focused crypto platform for fintechs and challenger banks. [Read more…] about Cybrid Secures $3.8 Million Round To Help Challenger Banks Launch Crypto
Luge Capital
OneVest Raises $5 Million for Canada’s First Wealth-as-a-Service Platform
Calgary’s OneVest has secured $5 million in venture financing for Canada’s first Wealth-as-a-Service (WaaS) platform. [Read more…] about OneVest Raises $5 Million for Canada’s First Wealth-as-a-Service Platform
Key Raises $11 Million Seed Round To Pilot Home Co-ownership In New Markets
Toronto proptech startup Key has raised a $11 million seed found led by Luge Capital and including Plazacorp, N49P Ventures, Red Jar Capital, TSV Capital, and Moderne Ventures. [Read more…] about Key Raises $11 Million Seed Round To Pilot Home Co-ownership In New Markets
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
BC, Ontario, and Quebec Dominate Fintech Momentum in Canada
There’s no denying that Canada finds itself in the midst of an innovation boom and the data-loving folks at Hockeystick have turned their spotlight on the fintech landscape. [Read more…] about BC, Ontario, and Quebec Dominate Fintech Momentum in Canada
Canada FinTech Forum Awards Four Startups Over $300K
Four Canadian startups won top honours at the FinTech Startup Pitch Contest, which took place during the 2018 Canada FinTech Forum in Montreal yesterday. [Read more…] about Canada FinTech Forum Awards Four Startups Over $300K
Finance Montréal Launches Sixth Edition of the Canada FinTech Forum
The Canada FinTech Forum takes place from October 29th to 31st at the Palais des Congrès de Montréal with more than 70 speakers will be there to discuss this year’s theme, “Open Innovation in Financial Services”. [Read more…] about Finance Montréal Launches Sixth Edition of the Canada FinTech Forum
Flinks Secures Investment from National Bank and Luge Capital
Montreal startup Flinks has raised a $1.75 million round from National Bank and Luge Capital.
Flinks’ financial API allows users to synchronize their banking information with the app of their choosing in the savings, investment, and cryptocurrency sectors. A number of large financial service providers, including TransferWise, Wealthsimple and ATB Financial, are already using its platform.
Flinks is a leading open banking enabler in Canada and currently connects almost 200 fintechs and banks in Canada, U.S. and Europe to over 250 million financial accounts.
This investment round will be used to accelerate growth and market an AI-powered risk assessment solution based on the transaction habits of end-users and the health of their financial accounts.
Innostart Capital, Panache, iNovia Capital and Conconi Growth Partners, also participated in the financing round.