Topic: fintech

Montreal fintech startup Mobeewave raises US$16.5 million

Mobeewave, a Montreal-based fintech startup whose technology enables people to securely accept payments in person using only their smartphones, has raised US$16.5 million in a Series B round of funding led by NewAlpha Asset Management, Mastercard and Forestay Capital. The funding, which included the main founding shareholders of Mobeewave and was secured with support from…

Innovation stakeholders differ on new IP strategy

The federal government has unveiled details of its eagerly anticipated new intellectual property (IP) strategy to help innovators better protect their intellectual assets, encourage innovation and defend themselves against so-called patent trolls. However, different stakeholders who spoke to RE$EARCH MONEY have different perspectives on what the IP strategy means to the innovation ecosystem, suggesting that one size doesn’t fit all.

People: Jeff Watts and Pierre Roberge

Jeff Watts and Pierre Roberge have been appointed president and chief technology officer, respectively, of Prodigy Ventures Inc., a listed innovation company and named by Deloitte as one of Canada’s fastest growing technology companies. Roberge will also serve as senior VP for solutions and ventures. Tom Beckerman remains as company CEO and director. Watts was executive…

Ontario Budget 2018 puts more support for scale-ups, startups and promising sectors

With elections just around the corner, Ontario Liberals released earlier than usual its 2018 budget, which includes at least $1.5 billion for R&D and innovation. The $158.5-billion spending plan focuses largely on enhanced social, education and healthcare initiatives but also commits millions to businesses as well as R&D, innovation and competitiveness.

Funding from VCs up in 2017 – PwC/CB Insights report

Canadian venture capital investment, measured in US$, reached an all time high last year, according to the latest report by PwC Canada and CB Insights. Artificial intelligence and fintech firms were the most attractive for VC investors, who poured up to US$2.7 billion into 333 deals in 2017, up 7% from 2016. Average VC funding…

Sensibill raises $17.3 million for fintech data analysis app

Toronto-based fintech company, Sensibill Inc, has raised $17.3 million in series ‘A’ financing to further develop its flagship mobile banking app as it expands into new markets including the US, UK and Australia. The funding round was led by Information Venture Partners, Toronto and OpenText Enterprise Apps Fund, launched in 2015 to invest in disruptive,…