Posts Tagged ‘Canada’

Exit Scam or Hack? Canada’s MapleChange Loses $5 Million of Customer Funds

Canadian crypto exchange MapleChange has been hacked. The company is reporting over $5 million in losses – virtually all its funds – and says it cannot pay any of its customers back. However, many are questioning whether the company was hacked or if the loss was something planned by internal representatives, as the operator of […]

Canadian VC funding sees strong growth in digital health and fintech, according to MoneyTree™ Canada Report

Funding to Canadian venture-backed digital health and fintech companies increased in the third quarter of 2018 according to the MoneyTree™ Report from PwC Canada and CB Insights. This past quarter, Canadian venture-backed companies closed 87 deals, down from 127 in Q2. Meanwhile, total venture capital funding (all figures in USD) totaled $541M in Q3’18, a […]

Foxquilt raises $1.2 million to help people save on insurance by buying in groups

Toronto-based Foxquilt has announced a close of $1.2 million in a seed round led by Extreme Venture Partners. Foxquilt enables consumers and small businesses to join groups with similar needs to achieve a discount off their premium, reduce deductibles, and be rewarded at renewal should their claims experience be in line during the past year. The […]

The state of Canadian FinTech in four charts

BetaKit has published an updated version of Ferst Capital Partners’ FinTech Map, along with some other telling charts on the overall state of FinTech in Canada. There is a lot of data packed into these charts (426 companies were analyzed). As a result of this exercise, Ferst Capital Partners found two recurring themes worth highlighting. The […]

York Region 2018 FinTech Summit

York Region’s tech sector is one of the largest in Canada employing over 60,000 professionals at over 4,300 technology companies. There is a burgeoning financial tech sector in the region with over 65 companies, employing approximately 5,000 people; primarily in the hardware, software, and mobile payment segments. York Region 2018 FinTech Summit will provide an understanding […]

Responsive raises $1.1 million to help wealth managers predict client behaviour

Vancouver-based Responsive has raised $1.1 million in a seed round led by Plug and Play Ventures, an early investor in PayPal, Dropbox, and Lending Club. Responsive’s platform targets banks and private managers. The funding will be used to integrate the work of Logan Grosenick, Responsive’s VP of research, that entails identifying if people are anxious or […]

AltFi Summit Coming To Toronto This December

The AltFi FinTech Summit is coming to Toronto on December 5, 2018. Launched in 2013, the Summit connects alternative finance platforms, FinTechs, and institutional investors to discuss what’s next for the sector. AltFi has already hosted events in Europe and the US, though this is the first time the event has come to Canada. The […]

Cryptos, blockchain high on agenda for Aug 16 FinTech Canada forum

FinTech Canada, an annual conference in Toronto on August 16, will include panel discussions on global impacts of blockchain and cryptocurrencies, and on digital currency exchanges. Big companies such as Google, IBM, MasterCard and Amazon will be represented with an agenda largely taken up by cryptocurrency and blockchain issues. One of the about three dozen speakers […]

National Bank and Luge Capital to participate in a $1.75 million investment in Canadian fintech leader Flinks

National Bank and Luge Capital have announced a $1.75 million investment in Flinks, a leading Canadian fintech founded in Montreal. This investment is part of a first round of financing that Flinks will use to accelerate growth and market an AI-powered risk assessment solution based on the transaction habits of end-users and the health of […]

Canadian Fintech Industry Set to Witness Strong Grow: Report

The Canadian fintech industry has seen tremendous growth in recent years and is expected to continue to expand exponentially as collaborations between fintechs and traditional financial institutions, new and improved regulations, and leadership in the financial services space continue to stimulate fintech innovation in Canada, according to a new report by Global Risk Institute titled […]