This week Peoples Group announced the appointment of Will Keliehor as Chief Client Officer. Most recently the Chief Commercial Officer at Interac, Keliehor brings more than 28 years of multi-national experience in the payments, financial services and fintech industries.  Peoples Group is the leading issuer of prepaid payment cards, and one of the largest independent […] The post Peoples Group Names Will Keliehor Chief Client Officer appeared first on Fintech.ca. Peoples Group Names Will Keliehor Chief Client Officer was first posted on July 26, 2024 at 5:00 am. ©2022 "Fintech.ca". Use of ..read more

Global payments and financial platform Airwallex today announced a partnership with Float, one of Canada’s fastest-growing B2B fintechs, to enable fast and cost-effective bill payments for both domestic and overseas transactions. Float’s Bill Pay product, powered by Airwallex, introduces payouts – including bank transfers, EFT, wire, and ACH – as part of Float’s unified business finance […] The post Airwallex Partners with Float to Streamline Bill Payments for Canadian Businesses appeared first on Fintech.ca. Airwallex Partners with Float to Streamline Bill Payments for Canadian Businesse ..read more

Vancouver-headquartered VoPay, a leading provider of embedded payment solutions, has forged a strategic partnership with Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs). This new collaboration embeds VoPay’s advanced payment technology into Sage’s platform, enabling streamlined financial operations for SMBs through Direct Deposit. “Through our collaboration with Sage, we are excited to introduce our robust embedded payment solutions to a wider array of small and medium-sized businesses, ensuring that payroll management be ..read more

Canadian point-of-sale financing leader Financeit has launched its first direct-to-consumer personal loan program in the home improvement lending space. In response to the ever evolving needs of consumers, the personal loan program was created to help valued customers fund existing and unexpected home improvement projects, while helping renovators expand their projects, manage cash flow, and gain more flexibility. The program offers personal loans to customers who have received a loan through the Financeit merchant network and provides them with the opportunity to receive an additional loan pa ..read more

Clio has landed the largest investment round in Canadian history. The global leader in legal tech has raised a USD $900 million Series F round led by New Enterprise Associates based on a USD $3 billion valuation. Clio will use the new capital to expand its multi-product platform, including further investments in its burgeoning AI portfolio and integrated legal payments. It will also accelerate its rapid market expansion upmarket and internationally. The investment also ranks among the Top 5 SaaS venture deals of 2024. For 16 years, Clio has been at the forefront of creating innovative, cl ..read more

The fintechs in this market map are companies that power the CFO’s office. They allow businesses to issue invoices, process payments, manage expenses & run payroll. These are behind the scenes tools that quite literally allow businesses to send & receive money. First, let me explain the methodology.  There are two criteria for being included in this map, every company must: Be Canadian founded or headquartered Service Canadian clients  Second, there is a lot of overlap here. Many of these fintechs could easily go in multiple categories. However each company only appears onc ..read more

WonderFi Technologies has announced the launch of an innovation and development arm. The newly established WonderFi Labs possesses a focus on building future applications for decentralized technologies to expand the company’s offerings beyond its trading platforms. “It’s clear the future of crypto involves on-chain solutions,” comments chief executive officer Dean Skurka, “and this will allow WonderFi to remain at the forefront of the industry.” Reflecting this aim, initial products to include WonderFi L2, a Layer 2 blockchain built on Ethereum, and WonderFi Wallet, an EVM-compatible non-custo ..read more

For decades—actually, about a century—little transformation occurred throughout the makeup of Canada’s financial sector. The same familiar faces became “The Big Five,” a title crowned with an air of Mount Rushmore-like permanence. But eventually technology stubbornly edged its way into the realm traditional finance—and since then, innovation has spurred a rapid rate of change. Things happen fast, eh? As a publication dedicated to covering the intersection of finance and technology in Canada, below we offer our observations on today’s most relevant trends. Becoming Better Than a Big Bank Since ..read more

Established in May 2019 as a not-for-profit member association, Fintechs Canada serves as the collective voice for fintechs in Canada. This week the association announced the appointment of seven industry leaders to its Board of Directors. The new board members bring a wealth of experience and expertise from across the fintech sector, positioning Fintechs Canada for continued success and innovation. The Board of Directors for 2024-2025 comprises: Anne Butler, Chief Legal Officer at Peoples Group Jessica Oliver, Head of Government and Regulatory Relations at Wealthsimple Ben Har ..read more

Helcim has launched a new progem designed to make it easier for businesses to switch from their current payments provider to Helcim. The Contract Buyout Program removes the most common financial penalties that can accompany switching between payment providers. “We’ve listened to our customers and the broader business community, and we understand the frustrations they’ve faced with other payment providers—obscene rate hikes, outages, and hidden fees,” explains Nic Beique, Helcim’s CEO, when talking about the motivation behind the program. “We want to make it as easy as possible for busines ..read more