Fintech, P2P, Alternative Finance, Blockchain Cryptocurrency (Coins, Tokens), Crowdsale and Crowdfunding Opportunities for Investors, Companies and Online Financing Platforms


MAR 13:  NCFA Submission to Finance Canada

Urgent NEED for Regulatory Changes and Support

View the submission now



View:  Storify Experience | Photo Album

Weekly News Rundown:

NCFA Canada | Craig Asano | March 19, 2018 TORONTO, MAR 19, 2018 – The National Crowdfunding & Fintech Association of Canada (NCFA) today announced that Prof. Michael R. King, Tangerine Chair in Finance and Co-Director of the Scotiabank Digital Banking Lab at Ivey Business School, Western University, has joined the Association`s growing Advisory Group to advise on the areas fintech research and education. Michael R. King, PhD CFA - Tangerine Chair in Finance, Co-Director, Scotiabank Digital Banking Lab - Ivey Business School at Western University Professor Michael King is the co-Director of the Scotiabank Digital Banking Lab at Ivey Business School – Canada’s first research centre studying the impact of financial technologies (“FinTech”) on banking and financial services. Michael joined Ivey in 2011 after two decades working in international financial markets. Between 1990 and 1998 Michael worked in investment banking and trading in New York, London, and Zurich with Credit Suisse and RBC Dominion Securities. After finishing his PhD at the London School of Economics, Michael joined the Bank of Canada in Ottawa from 2001 to 2008 where he worked in the Financial Markets and International Departments.  From 2008 to 2011, Michael worked for the Bank for International Settlements ...
Read More
Michael R. King, Tangerine Chair in Finance and Co-Director, Scotiabank Digital Banking Lab - Ivey Business School at Western University Joins the National Crowdfunding & Fintech Association of Canada’s Advisory Group
CNBC | Kate Rooney | March 19, 2018 Bitcoin prices rallied back by more than $700 in less than three hours during late Sunday trading, capping off a wild weekend that saw the digital currency plunge through $8,000 and even near the $7,000 level. Prices are still off by 10 percent in the last seven days, according to CoinDesk. The cryptocurrency hit a low of $7,335.57 earlier Sunday before recovering back above $8,000, according to CoinDesk. Bitcoin was trading near $8,267 as of 9:05 a.m. ET Monday. Traders were unsure of what was behind the late comeback, but blamed another possible bitcoin advertising ban for the weakness over the weekend. Twitter is reportedly preparing to ban advertising for initial coin offerings, token sales, and cryptocurrency wallets globally, according to Sky News. The new policy could roll out in two weeks, the report said. The move would echo other tech giants' restrictions on advertising, and efforts to crack down on cryptocurrency frauds. Google announced an update to its financial services policy last week that will restrict advertising for "cryptocurrencies and related content" as of June. Facebook, the world's second-largest online ad provider, said in January it would ban all ads that ...
Read More
Bitcoin bounces $700 in less than three hours, capping wild weekend that brought it below $7,400
The Globe and Mail | OpEd Michael King | March 1, 2018 Michael King is associate finance professor at Ivey Business School, University of Western Ontario. In the world of startups, the period when entrepreneurs are spending cash to build out a new product or service but have no revenues is known as "the valley of death." The only way to survive is to find an investor who believes in the idea and is willing to finance it to production and to find customers fast. Almost as important as cash, however, is mentoring and strategic advice from someone who believes in the founders. Currently, Canada's fintech industry is in the valley of death and is looking for mentoring, strategic advice and customers. The sector has been growing rapidly, investing in innovative products, but has yet to get traction. Canada's 2018 federal budget was a missed opportunity for Finance Minister Bill Morneau to voice his support for this innovative sector, to raise awareness among Canadians, to be a leading customer for these innovations, and to set a national strategy for this industry to succeed globally. See:  NCFA Submission to Finance Canada (March 2018):  Urgent Need for Regulatory Change and Government Support ...
Read More
Federal budget keeps Canada’s fintech sector in the ‘valley of death’
Locavesting | Staff Writer | March 16, 2018 Some Americans may envy Canada’s charming president and progressive politics, but when it comes to investment crowdfunding, the two countries are in the same boat. In an appeal to government regulators this week, Canadian crowdfunding and financial tech advocates called out an “urgent need for regulatory changes and government support” for Canada’s entrepreneurial and capital raising ecosystem. That includes streamlining the country’s crowdfunding regulations and educating the public about the laws. “Entrepreneurs are reluctant to start up in Canada due to the high costs (relative to a small financing), and significant ongoing regulatory burdens. Investors are inhibited by caps on investment and limited education about  the benefits and downside risks of crowdfunding and other exempt financings. This pushes many talented entrepreneurs and investors to overseas jurisdictions that better understand (and support) innovation and the economic potential of start-ups and small businesses,” writes the National Crowdfunding & FinTech Association (NCFA), a nonprofit Canadian trade group. In Canada, online capital-raising rules vary by province, and efforts to “harmonize” the laws have fallen short. The U.S. is in a slightly better position. The U.S. crowdfunding industry falls under a single federal framework, the 2012 JOBS Act.  However, ...
Read More
Canadian Crowdfunding Industry Highlights Urgent Need for Changes
NCFA Canada | March 15, 2018 On Tuesday, March 13, 2018, the National Crowdfunding & Fintech Association participated on a call with Finance Canada in Ottawa to discuss it's latest submission calling for an urgent need for regulatory changes and government support to ensure the Canadian fintech sector is not being held back and remains competitive with international comparators such as in the UK and US.  Below are the highlights of the submission that can be viewed/downloaded in full at the bottom of this post. We'd like to thank Robin Ford, NCFA Advisor, Regulations and Governance for leading a group effort by the following participating NCFA members (in alphabetical order): Alan Wunsche, Blockchain Canada Alixe Cormick, Venture Law Corp Amar Nijjar, R2 Capital / Investments Beverly Brooks, Brooks Communications Brad Kerr, FundingNomad Cato Pastoll, LendingLoop Craig Asano, Founder/Director, NCFA Daryl Hatton, FundRazr / Director, NCFA Douglas Cumming, Finance Professor, York University Hitesh Rathod, NexusCrowd Jason Saltzman, Gowling Canada LLP Marcel Schroder, Managing Director, Vaultcircle (Lendified) Marcus New, InvestX Marty Gunderson, Director, NCFA Peter-Paul Van Hoeken, FrontFundr Richard Remillard, RCG Group / Director, NCFA Robin Ford, former Head of Dept UK FSA, former Executive Commissioner BCSC, Consultant Rubsun Ho/Sandy Hershaw, Crowdmatrix ...
Read More
NCFA Canada's submission to Finance Canada (March 2018):  Urgent Need for Regulatory Change and Government Support
CryptoChicks | Release | March 14, 2018 Toronto, Ontario, Mar 9, 2018- Toronto-based non-profit CryptoChicks and online educator BlockGeeks are pleased to invite entrepreneurs, startups, enthusiasts, investors, developers, and students of all genders to the CryptoChicks Blockchain Conference and Hackathon, April 6-8, 2018 at the MaRSDD centre in downtown Toronto. Since being popularized by Bitcoin, encrypted accountancy ledgers or “blockchains” have taken the finance world by storm. Unmet demand for blockchain developers is high and increasing- blockchains simplify transactions and reduce costs- but, currently, in the industry men outnumber women 92-to-8. “We believe this hackathon will provide needed exposure to female talent...connecting hackers with employers,” says CryptoChicks cofounder Natalia Ameline. Speakers, participants, and mentors of all genders will gather alongside teams of females hacking in Business or Developer streams. Industry leaders from around the globe, including Paige Bailey of Microsoft, Amanda B. Johnson of Dash, Dr. C Mohan of IBM, 16-year-old ‘Crypto Price Tracker’ app-developer Harshita Arora and many others, will speak on blockchain matters in AI, healthcare, the developing world, small and large enterprise, investing strategies, ICOs and DAICO’s, hedge funds, fintech, venture capital, crypto economics, social welfare and industry disruption. The opening night panel will feature entrepreneurs Dmitry Buterin ...
Read More
CryptoChicks Conference and Hackathon for Blockchain Professionals
Coindesk | Annaliese Milano | March 8, 2018 Regulations can take years to develop, so why wait when you can self-regulate? That's the message U.S. Commodity Futures Trading Commission (CFTC) commissioner Brian Quintenz delivered to the audience at the D.C. Blockchain Summit on Wednesday. "I believe that a private cryptocurrency oversight body could bridge the gap between the status quo and future government regulatory action," he told the audience in his keynote address. Quintenz also suggested that a cryptocurrency self-regulatory organization (SRO) could have an impact beyond the U.S. market, and could potentially take on global significance. "I think right now everyone's trying to figure out where and how their laws apply to this space," he told CoinDesk in an interview. Quintenz continued: "So if the community takes advantage of that time and that ambiguity there's the potential for a global framework to apply to everyone if there's enough buy-in from the community to do that, since there aren't jurisdictional questions as to which entity has to do what, or rules that necessitate a bifurcation or separate approaches to the regulation." Classification confusion Numerous jurisdictional questions concerning cryptocurrencies and tokens currently face the industry, with the CFTC, the Securities and ...
Read More
Crypto Industry Should Self Regulate, Says CFTC Commissioner
CrowdfunInsider | JD Alois | Mar 14, 2018 Last week during the National Crowdfunding and Fintech Association of Canada’s annual event, FFCON2018, there was a single presentation that provided a state of Fintech in Canada. Professor Michael King,  from the Scotiabank Digital Banking Lab @ Ivey Business School, delivered an excellent synopsis of what’s working and what’s not. Entitled “the Current State of Fintech in Canada: The Good, The Bad and The Ugly,” King’s deck bulleted out both the high and the low. So what is working out well up North? Canada is growing Fintech startups. There is more than 800 today which is pretty respectable for a smaller country. Areas of prominence include Blockchain, AI, Payments, peer to peer and more. See: CSE aims to be Canada’s first blockchain platform for trade clearing and settlement There is an increasing number of incubators and accelerators to promote sector growth, plus recognition by universities and other support sectors that Fintech is of strategic importance. What is not so good, or perhaps kind of bad? Traditional financial institutions have been slow to adopt Fintech innovation or partner with emerging disruptive financial firms. King provided a painful, but probably not a unique example, where a traditional ...
Read More
Fintech in Canada: The Good, The Bad & The Ugly
CrowdfundInsider | Anthony Zeoli | Mar 12, 2018 Following the SEC’s recent initial subpoena offerings (pun intended) targeting initial coin offering (ICO) issuers, many believe the SEC might now turn its sights toward some of the gatekeepers involved in the subject ICOs, including the attorneys. Some attorneys practicing in the ICO space have simply been too aggressive in their approaches, or otherwise negligent in their advice to clients, drawing recent criticism from the SEC and increasing the potential that we will see the SEC take direct action against such attorneys. BACKGROUND As a bit of background, last July the SEC issued its investigative report on DAO Tokens and concluded both that subject tokens were “securities” and that the offering of the tokens was an unlawful securities offering. Actions taken in the latter half of 2017 following that ruling against ICOs (e.g. actions related to the Munchee’s ICO and AriseBank) were limited, relating primarily to ICOs and related activities which the SEC believed to be scams or otherwise fraudulent. See: Munchee Halted: SEC Shuts Down Initial Coin Offering as an Unregistered Security This year, however, the SEC has more than doubled down on the DAO ruling, going from hinting that it considers most ICOs to be unlawful sales of securities ...
Read More
Initial Coin Offering Attorneys Beware, You Could Be Next!
BlockchainNews |  Alex Behrens | Mar 12, 2018 Leading Canadian blockchain company and the creator of Jaxx, Decentral Inc. announced on Thursday a new strategic alliance with blockchain law specialist, Gowling WLG with the aim of optimizing commercial and legal applications of the technology. Decentral Inc. was founded by Anthony Diiorio, its CEO, who is also Ethereum’s Co-Founder. The company’s best-known product is Jaxx, a multi-token interface, and wallet. Gowling WLG is a multinational law firm with deep experience in the blockchain space, and a dedicated Blockchain & Smart Contract practice group. The firm is also a co-founding member of the Blockchain Research Institute. “Decentral’s relationship with Gowling WLG spans a number of years, and we are delighted to form an alliance that enables us to work even closer together on a number of transformative blockchain industry initiatives,” said Diiorio, in a statement. “Canada is one of the leaders on the world stage for blockchain and cryptocurrency and I am confident Decentral’s strategic alliance with Gowling WLG will further cement the country’s place as an innovation hub.” See also:  Heard in Toronto at #FFCON18: Blockchain is the Future, Alternative Finance is Now Jason A. Saltzman, Partner, Gowling WLG (Canada) LLP, Joins National Crowdfunding Association of Canada’s Advisory Group ...
Read More
Diiorio’s Decentral Inc. Teams up with Legal Firm to Architect Blockchain in Canada

Click for More:

4 years of Toke Sales Visualized in One Graphic



View Release | Photos | Storify




Crowdfunding + Blockchain = ICOs in Focus


Thanks for another AWESOME Sold Out Capacity Crowd!

2017 'Fintech & Funding'Networking Event (Jun 22 @Spoke Club)

Check out the Photos

Check out 'Fintech & Funding' Event Page

SURVEY CLOSED :  Thanks for participating in our annual benchmarking of Canadian Alternative Finance Crowdfunding markets to inform all stakeholders on market activity and company and investor sentiment.  Results will be published in the 2017 annual report later this year...

For funding platforms, companies and investors:

2017 NCFA Survey Banner 1 (resize)


Fintech and alternative finance survey

Learn more about this Important Survey...


3rd Annual CCS2017 'Fintech & Funding' Conference

A Great Success!  Thanks for everyone's support! 

Conference Wrap-up

Photo Album

Video Highlight Reel


2016 Alternative Finance Crowdfunding in Canada Industry Report:  (Published Dec 2016)

Download the Free Report Now!


[Breaking Oct 24, 2016]:  OSC Unveils LaunchPad, a First in Canada


Thanks to all partners, organizers, attendees and volunteers for making the 2nd Annual VanFUNDING Fintech Crowdfunding Conference a Success!


View Press Release

View Presentation Decks (Slideshare)

View Photo Album

View Event Wrap-up

View Pitching Showcase Winners

[Breaking News]:  Sep 27, 2016

OSC to launch fintech hub to help companies navigate and possibly ‘tailor’ regulatory framework

June 9, 2016:  Rapid fire Crowdfunding Opps for Advisors

Thanks to the DMZ and Trinity Compliance Partners!

Regulators providing Guidelines on How to Register as a Funding Portal (more photos)


Jun 1:  Summer Officially 'Kicked Off' !

View Photo Album

NCFA Fintech Crowdfunding Community 2016


Call to Action:  Lifting the Veil on P2P Lending in Canada

Open letter P2P lending



For making CCS2016 another SELL OUT SUCCESS! 

View event wrap-up

View the full photo album

View the Highlights Video

View Hon. Charles Sousa's Opening Speech

CCS2016 - March 3 2nd Annual Canadian Crowdfunding Summit





*Important for Canadian platforms or portals servicing Canadian markets

(Deadline Ended)



Thanks YYC for a SOLD OUT Calgary Crowdfunding Bootcamp on Dec. 3!

(View Photos)

275 copy

More info


[Breaking News]: Ontario publishes final Crowdfunding rules to come in force Jan 25, 2016

OSC 3Nov 5, 2015, Toronto – The securities regulatory authorities in Manitoba, Ontario, Québec, New Brunswick and Nova Scotia (collectively, the participating jurisdictions) today published in final form Multilateral Instrument 45-108 Crowdfunding, which introduces a crowdfunding prospectus exemption for issuers as well as a registration framework for funding portals.

Click here for more info...

Open letter to PM-designate Trudeau

Canadian Alternative Finance Platforms Encouraged to Participate!

Learn more about:  Cambridge-Chicago University 2015 Americas Benchmarking Survey...

2015 alternative finance survey


Get VanFUNDED Sep 29!  (Equity, Debt, Rewards and Fintech)

Thanks Vancouver for the SOLD OUT event!  (View photos)

VanFUNDING 2015 Speakers Shot2(more info...)

MPP, Hon. Brad Duguid Officially Opens the Inaugural 2015 Canadian Crowdfunding Summit on March 3, 2015 at MaRS Discovery to a sell out crowd. 

Checkout:  Video Recap | Storify | Sessions & Decks | Post-Event Infographic

Click here for more info...

[Breaking News]: Six Canadian securities regulators to adopt start-up crowdfunding exemptions

May 14, 2015:  thumbs upThe securities regulators of British Columbia, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia (the "participating jurisdictions") today announced they have implemented, or expect to implement, registration and prospectus exemptions that will allow start-ups and early‑stage companies to raise capital through crowdfunding in these jurisdictions, subject to certain conditions.

Click here for more info...



Check out our May 28 Networking Crowd & Rooftop Venue!

May 28 Summer Kickoff Networking

Click here for more info...

The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a national non-profit actively engaged with social and investment crowdfunding, alternative finance, fintech, peer-to-peer (P2P), initial coin offerings (ICO), and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, networking opportunities and services to thousands of community members and works closely with industry, government, academia and eco-system partners and affiliates to create a vibrant and innovative fintech and online financing industry in Canada.  For more information, please visit: