Canada’s banking landscape is in the midst of a quiet transformation — one powered not by credit, but by prepaid. This fall, EQ Bank announced that Canadians have loaded more than $1 billion onto its prepaid Mastercard since launch, marking a major milestone for both the digital-only bank and a payments category once considered niche. […] The post EQ Bank Hits $1B Reload Milestone as Prepaid Cards Redefine Consumer Finance appeared first on Fintech.ca. --- EQ Bank Hits $1B Reload Milest...| Fintech.ca
Research this year found that more consumers in North America than ever prefer pay-over-time solutions versus paying with credit card. The 2025 study, conducted by Talker Research on behalf of Affirm, found that customers today prefer fixed, predictable payments without surprise fees or high interest. As a result, pay-over-time and “Buy Now, Pay Later” solutions […] The post FreshBooks Integrates BNPL Tech from Affirm as Payments Preferences Shift appeared first on Fintech.ca. --- Fresh...| Fintech.ca
Vancouver-based Clio is doubling down on its fintech ambitions with two new financial products designed to transform how law firms manage cash flow and client payments. The global legaltech leader has launched Pay Later with Affirm and Clio Capital, extending its reach well beyond practice management software into embedded finance — an area where fintech […] The post Clio Expands Deeper Into Fintech With Pay Later and Clio Capital appeared first on Fintech.ca. --- Clio Expands Deeper Into...| Fintech.ca
Two Canadian financial technology innovators are forging a strategic partnership. Toronto neighbours d1g1t and Mako Financial Technologies this week unveiled the partnership. D1g1t offers a tech-forward, enterprise-grade wealth management platform, while Mako provides workflow technology solutions for the financial services industry. The collaboration brings together Mako’s expertise in digital onboarding, KYC oversight, and operations automation […] The post Ontario Firms Integrate Tech ...| Fintech.ca
When the federal Greener Homes Loan program abruptly ended this summer, it left thousands of Canadian homeowners — and the contractors serving them — in limbo. Toronto-based fintech Financeit, long known for its leadership in home improvement point-of-sale financing, quickly stepped up to fill the void. In this Q+A, Financeit CEO and co-founder Casper Wong […] The post How Financeit Is Filling the Gap in Home Upgrade Financing appeared first on Fintech.ca. --- How Financeit Is Filling t...| Fintech.ca
EZO Systems this month announced the official launch of its Canadian operations. The Quebec-based financial technology firm is aiming to be an all-in-one financial app that integrates payments, banking, and investments with a stated mission “to make financial accessibility a universal right.” The platform is designed with a vision that anywhere, anytime, it should take […]| Fintech.ca
Three big banks maintained position in 2025, holding the podium for the third straight year in the Evident AI Index. The Evident AI Index acts as a global standard benchmark for AI adoption in the financial services sector, evaluating the performance of 50 banks across North America and Europe based on more than 70 indicators […] The post The Royal Bank of Canada is Pulling Away from Peers in AI Adoption, Global Index Reveals appeared first on Fintech.ca. --- The Royal Bank of Canada is Pul...| Fintech.ca
As Canada faces an unprecedented $1-trillion intergenerational wealth transfer, financial advisors are confronting mounting pressures—from tighter regulations and fee compression to growing client expectations for personalized service. Vancouver-based CRM provider Maximizer is stepping up with a made-in-Canada solution. The company today announced IQ Boost, a new AI-powered feature built specifically for financial services professionals. Unlike […] The post Maximizer Launches AI Tool to H...| Fintech.ca
EQ Bank has officially launched its Business Banking platform, expanding its digital challenger model to small business owners across Canada. The new offering includes a high-interest Business Account and Business GICs, designed to help entrepreneurs save time, earn more, and avoid the pain points of traditional banking. “Canadian entrepreneurs are bold, independent and vital to […] The post EQ Bank Enters Business Banking with Digital-First Platform appeared first on Fintech.ca. --- EQ B...| Fintech.ca
Two Canadian financial technology innovators have established a partnership. North York’s Yoo Financial is collaborating with Toronto-based embedded insurance provider Walnut on its lineup of Mastercard credit cards, the two Ontario upstarts revealed this week. The partnership will deliver a suite of insurance and protection benefits for Yoo Financial cardholders, reshaping how Canadians interact with […] The post As Canadians Come to ‘Expect More’ from Their Financial Services, Two L...| Fintech.ca
One Canadian fintech believes that, while the nation’s economy thrives on entrepreneurs and small businesses, the path from idea to incorporated business can be confusing and costly. Toronto’s Venn this month unveiled its latest feature, which is focused on helping business owners incorporate their company federally or provincially in Ontario in “just minutes.” Incorporating a […]| Fintech.ca
Toronto’s Mycroft, an agentic AI platform designed to act as a Security and Compliance Officer, has officially launched from stealth with USD $3.5 million in funding. The round was led by Luge Capital, with participation from Brightspark Ventures and Graphite Ventures, alongside existing backers Ripple Ventures, Developer Capital, Antler, BoxOne Ventures, and several strategic angels. […]| Fintech.ca
Toronto’s Wealthsimple has selected Calgary-based Tetra Trust to act as one of the financial technology firm’s custodians for digital assets. It is the first time that Wealthsimple has added a Canadian custodian to its roster, according to Tetra Trust, which was founded in 2019 to become Canada’s first trust company licensed to custody digital assets. […]| Fintech.ca
Purpose Investments, the firm behind the world’s first spot Bitcoin and Ether ETFs, has launched a new exchange-traded fund offering direct physical exposure to Solana (SOL), one of the fastest-growing blockchain platforms. The Purpose Solana ETF, trading today on the Toronto Stock Exchange under the tickers SOLL (CAD hedged), SOLL.B (CAD non-hedged), and SOLL.U (USD […]| Fintech.ca
If anyone is wondering why the fear of fraud is high in Canada today, here is one example. The Alberta Securities Commission recently issued a public statement warning citizens about the prevalence of scams orienting around alleged crypto investment opportunities. As part of Fraud Prevention Month, the ASC specifically warned about a viral crypto scam […]| Fintech.ca
As Canada’s financial landscape evolves, so must our approach to qualified investments within tax-advantaged savings plans like RRSPs and TFSAs. At Shakepay, we believe it’s time for Canada to allow Canadians to invest directly in Bitcoin within their qualified investment accounts, similar to the approach taken by the United States. Here’s why. Shakepay is a […]| Fintech.ca
When Canadians tap a card for coffee, receive an instant paycheck, or move money through a digital banking app, many don’t realize they’re relying on prepaid technology. Prepaid has long been associated with disposable gift cards, but today it plays a quiet yet critical role behind the scenes of everyday financial life. It powers the […]| Fintech.ca
Imagine this: It’s the end of a long, busy day at your small coffee shop. A regular customer calls in a panic—they left their wallet at home but need to pre-order a large batch of pastries for a meeting tomorrow. To be helpful, you jot their credit card number down on a sticky note, planning […]| Fintech.ca
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Calgary’s Tetra Trust announced today that they have partnered with Coinsquare to provide their 500,000+ users with safe and secure custody services for their crypto assets. CCML, a wholly owned subsidiary of Coinsquare, was recently approved by IIROC for dealer registration and IIROC membership, making them the first crypto-only, IIROC registered investment dealer in Canada. Coinsquare’s […]| Fintech.ca
Toronto’s 3iQ Digital Asset Management (3iQ) has struck a partnership with Calgary’s Tetra Trust and Coinbase aimed at expanding the exchange-traded product (ETP) ecosystem for digital assets in Canada and generating new interest from the investment community. Founded in 2012, 3iQ is Canada’s leading digital asset investment fund manager with more than $700 million in […]| Fintech.ca
Three years ago Purpose Investments made history by launching the Purpose Bitcoin ETF (TSX: BTCC), the world’s first Bitcoin ETF backed by physically settled Bitcoin. Within its first month, the exchange-traded fund surpassed $1 billion of assets under management, making it one of the fastest-growing ETFs of all time and an early indicator of the […]| Fintech.ca
Hovering around its all-time high, Bitcoin in 2025 is pushing deeper into mainstream markets as financial institutions across Canada and around the world continue to increase their product offerings in the cryptocurrency space.| Fintech.ca
Bitcoin reached a new all-time high in U.S. dollars this month and the decentralized cryptocurrency continues to hover near its ATH in CAD as well. Despite the volatile and scam-laden nature of crypto markets, the potential for gains is undeniable—Bitcoin is up over 1,000% in the past five years—and that opportunity has sustained in retail […]| Fintech.ca
Over the past several years, challenging economic conditions and skyrocketing prices have prevented many Canadians from achieving crucial life milestones without external financial assistance. This situation has led to an upward trend of Canadian Baby Boomers providing monetary gifts to their adult children, enabling them to achieve home ownership, start a family, jumpstart their own […]| Fintech.ca
