Canada
North America Fintech Market Set to Quadruple by 2030
Boston Consulting Group (BCG) and QED Investors have released a report projecting a sixfold increase in financial technology revenues from US$245 billion to US$1.5 trillion by 2030. The fintech sector, which currently holds a two percent share of the US$12.5
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24 Fintech Events to Attend in the USA and Canada in Q2 2023
North America, and the USA in particular, has historically been the dominant force in fintech innovation, adoption and investment globally. The region is home to some of the world’s biggest and most successful fintech companies, and has continuously attracted the
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Airwallex Rolls Out Its Global Payments Services in Canada
Airwallex has announced the launch of its global payments services in Canada, enabling local businesses to access its key offerings. This includes local currency accounts in over 12 currencies, a multi currency wallet in 44 currencies and payouts to 150
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Nuvei Now an Official Sponsor of Mercedes-AMG PETRONAS F1 Team
Canadian payments company Nuvei has entered into a multi-year sponsorship agreement with the Mercedes-AMG PETRONAS Formula One Team ahead of the 2023 F1 season. From the 2023 Formula One™ season onwards, the Nuvei logo will appear on the helmet and
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Zurich Insurance Leads Series B Fundraise for Global Cyber Insurtech Boxx
BOXX Insurance, a Toronto headquartered insurtech that combines cyber insurance and security announced a US$14.4 million Series B funding round, bringing the total amount raised from investors to US$24.5 million in the last 16 months. The latest investment was led
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Canadian Fintech Nuvei Acquires Paya in US$1.3 Billion Deal
Canadian fintech Nuvei announced that it has inked a deal to acquire U.S. payments firm Paya in an all-cash transaction for US$1.3 billion. Paya is a pure-play integrated payments platform serving customers in markets such as B2B, government, utilities, non-profit
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MoneyGram Launches Global Crypto-To-Cash Service in Canada and the U.S.
MoneyGram has partnered the Stellar Development Foundation (SDF) with to initiate the roll out of its crypto-to-cash service that is now available in key remittance markets, including Canada, the U.S., Kenya, and the Philippines for the first wave of users.
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FNZ Raises US$1.4 Billion, Now Valued at US$20 Billion
FNZ, a global wealth management platform, announced that it has secured US$1.4 billion in new equity funding from Canada Pension Plan Investment Board (CPP Investments) and Motive Partners. CPP Investments had committed to pouring in a total of US$1.1 billion.
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90% Of North American Consumers Manage Money Through Financial Apps: Report
Mastercard released a new report today, The Rise of Open Banking, demonstrating the mainstream adoption of technology to power smarter, more meaningful digital experiences. The report found more than 80% of consumers in the US – and 90% of younger
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Canadian Corporate Card Startup Float Secures US$30 Million Series A
Float, a Canadian all-in-one corporate card and spend management solution, announced that it has closed US$30 million in Series A financing led by Tiger Global. Other investors include Golden Ventures, Susa Ventures, Global Founders Capital, Michael Hyatt, and A-Star. The
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