NCFAs innovation and funding ecosystem

Startup Canada Roadshow (Sep 12-Oct 2): Canadian Export Challenge

Startup Canada | Victoria Lennox | Aug 21, 2018

Startup Canada export challenge - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export ChallengeThis Fall, Startup Canada, in partnership with UPS, Export Development Canada, and the Trade Commissioner Service are showcasing and supporting the global ambitions of 2,500 borderless businesses across Canada. Entrepreneurs, investors, industry leaders, service providers, and those interested in taking their business global are invited to attend the 1-day accelerator featuring keynotes, panels, and workshops, followed by a pitch competition and networking reception.

Register now - space is limited.

Global entrepreneur-led companies are invited to apply to pitch their companies and gain free access to this 1-day accelerator here.

Learn more about the Canadian Export Challenge --> here

 


NCFA Jan 2018 resize - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export ChallengeThe National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with fintech, alternative finance, blockchain, cryptocurrency, crowdfunding and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: ncfacanada.org

Latest news - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export ChallengeFF Logo 400 v3 - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challengecommunity social impact - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challenge

Scott Galloway | Nov 26, 2021 BNPL is one of the hottest trends in finance: 1 in 5 Americans used one of these services in the past year, with U.S. spending on BNPL increasing 230% since 2020. By 2025 global BNPL spending is projected to double to $680 billion. In August, Square acquired BNPL pioneer Afterpay for $29 billion in the largest-ever acquisition of an Australian firm. (We had the Founder/CEO of Afterpay on the Prof G Pod, and he’s an impressive young man.) Swedish BNPL giant Klarna is getting ready for a $50-billion-plus IPO, with a current valuation on par with ING or Lloyds Banking Group. The target market is young people. Klarna’s frontman is rapper A$AP Rocky (who was paid in equity, not debt) — many BNPL brands rely on social media influencer campaigns. In the U.S., three-quarters of users are Gen Zers or millennials; it’s projected that nearly half of Gen Z will be using BNPL services by 2022. Their attraction to BNPL coincides with an aversion to banks and the credit they offer. This is a generation that came of age just before or in the wake of the Great Recession, a global economic crisis precipitated ...
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millennials biggest fears - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challenge
FGS | Surinderjit Kaur Bhatti | Nov 25, 2021 Challenger Banks are the players that offer digital-only alternatives to traditional financial institutions’ banking products and services. As per FGS database, there are 40 such players in Canada, and we categorize them into the following 4 categories based on the status of their banking license. Top players under each category include: Beta (using parent FI’s banking licence) - EQ Bank, Simplli, Tangerine, Brightside by ATB New (secured a new banking licence) - PC Financial, Motusbank, Canadian Tire Bank, Rogers Bank Neo (don’t have their own banking licence but have a partner who does) - Neo Financial, Koho, STACK, Mogo Non (don’t have a traditional banking license but meet the conditions to offer financial products in non-traditional ways, like getting a e-money license) - Brim Over the years, these players have seen tremendous growth in their adoption through launch of innovative value propositions for Canadian consumers. Following are some of the recent trends seen in space: SME Challenger Banks finally enter the picture While challenger bank for small and medium businesses was a white space for a very long time in Canada, this year we have seen four players enter the space ...
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State of challenger banking in Canada - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challenge
Guest Post | Nov 25, 2021 Attracting new customers and generating new forms of revenue should consistently be two of your top priorities. Performing these crucial tasks will not only help you to stabilize your profit turnover, but it will also aid you in your attempt to solidify your company’s authoritative reputation.  If you’re to stand a chance at reaching and engaging fresh prospects, getting people talking about your business is highly advised. Fortunately, advice on how to achieve this critical feat can be found below.  See:  Fintech Card Space is Growing: Brim Financial, Float, Caary Capital, Jeeves, Neo Financial For advice on how to effectively spread the word about your company, read on. Enhance your credibility If you want to get people talking about your business for all the right reasons, enhancing your credibility is very much advised. This will show you to be a reliable service provider within your niche field. Subsequently, consumers will find it much easier to place their trust in you. There are a number of different routes that you can take in this day and age to enhance your company’s credibility, one of the most effective being to take part in a blogger outreach ...
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Growing business by word of mouth 1 - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challenge
The Economist | Nov 22, 2021 The market capitalisation of venture-capital-backed firms that went public last year amounted to a record $200bn; it is on course to reach $500bn in 2021.  With their pockets full, investors are now looking to bet on a new generation of firms. Global venture investment—which ranges from early “seed” funding for target firms that have not yet developed a product to funding for more established startups—is on track to hit an all-time high of $580bn this year, according to PitchBook, a data provider. That is nearly 50% more than was invested in 2020, and about 20 times that in 2002 (see chart). The type of investor piling into venture activity has changed just as dramatically. It was once the preserve of niche venture-capital firms run in Silicon Valley. These raised funds from and invested on behalf of pension funds and other end-investors, often relying on vast networks of connections with founders. So far this year, however, only three of the ten biggest venture investors by assets under management have been traditional VC firms. See:  How to Revolutionize the Private Capital Markets Instead, deals led or solely struck by private-equity shops, hedge funds and others that ...
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Venture capital - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challenge
Crowdfund Insider | Tony Zerucha | Nov 24, 2021 If you think you’re getting priced out of physical real estate, you’d likely be doing even worse online. This week, Canadian company Tokens.com announced its subsidiary Metaverse Group acquired a 116-parcel, 6,090 square-foot estate in the heart of Decentraland’s Fashion Street district for $2.4 million. Decentraland deemed it the largest metaverse land acquisition so far. The estate will be developed to facilitate fashion shows and commerce within the digital fashion industry. Metaverse Group also plans to establish partnerships with several existing fashion brands that are looking to connect with new audiences and expand their e-commerce offerings within the metaverse. The company will collaborate with Decentraland to curate fashion projects and events on the estate. See:  Non-Fungible Tokens in the media and entertainment industry “Fashion is the next massive area for growth in the metaverse,” said Sam Hamilton, head of content at the Decentraland Foundation. “So it’s timely, and very exciting, that Metaverse Group has made such a decisive commitment with this land purchase in the heart of Decentraland’s fashion precinct.” The plot was purchased with 618,000 MANA, which is Decentraland’s Ethereum-based house cryptocurrency. “We are happy to make history by closing ...
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metaverse real estate - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challenge
Evening Standard | Oscar Williams-Grut | Nov 23, 2021 Britain’s biggest crowdfunding platform Crowdcube is eyeing major expansion to Europe and could one day put company stock on the blockchain after raising £10 million from a US cryptocurrency business. US business Circle is backing the crowdfunding platform, which has helped the likes of BrewDog, Revolut and Mindful Chef raise money from small time investors. Existing investors Balderton and Molten also took part in the funding round. Circle owns SeedInvest, a similar startup funding platform in the US. Crowdcube boss Darren Westlake told the Standard the investment extended a partnership between his business and SeedInvest. The pair have in the past partnered up to offer dual listings for startups looking to raise cash in both the UK and US. “We’ve known SeedInvest for a longtime,” Westlake said. See:  Crowdcube partners with Seccl to shake up IPO market The investment from Circle follows the collapse of merger talks with rival UK platform Seeders earlier this year. The deal was blocked by the competition watchdog, a decision that raised questions about the future of both businesses. Westlake said Crowdcube had done “incredibly well” since then and became operationally profitable earlier this year. He ...
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Crowdcube Darren Westlake - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challenge
Global News | David Henry and Matt Scuffham | Nov 22, 2021 Amazon.com Inc’s latest spat with Visa shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it’s not a crisis for the payment company. Amazon said last week that it would stop accepting Visa credit cards issued in the United Kingdom from Jan. 19, 2022, saying that despite technology advancements the fees on such transactions remained high or in some cases were rising. While Amazon may yet back down on the UK front, where the company accounts for less than one per cent of Visa’s credit card volume, according to an estimate by Piper Sandler analysts, the dispute is a bad sign for the card industry. Some analysts said it could presage a fight in the much bigger U.S. market. See:  The dream of a low-friction financial system is just the beginning “Amazon is treating this dispute with Visa as an experiment,” said Piper Sandler analyst Christopher Donat. “Our biggest concern is that Amazon seeks concessions from Visa in other geographies.” Visa Chief Financial Officer Vasant Prabhu told Reuters in an interview on Friday ...
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Visa clashes with Amazon over fees - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challenge
Cointelegraph | Sam Bourgi  | Nov 16, 2021 The new venture is pursuing hyperbitcoinization by combining the Lightning Network’s speed with the architecture of an open peer-to-peer platform. Synonym Software Ltd., a company founded by stablecoin issuer Tether Holdings Limited, officially launched on Tuesday, setting in motion a highly ambitious project to bring Bitcoin (BTC) transactions mainstream through an independent financial platform that utilizes the Lightning Network. Synonym’s stated goal is to enable self-ownership and control of crypto assets by creating an open financial ecosystem that utilizes Bitcoin and the Lightning Network, the company announced Tuesday. CEO John Carvalho said See:  Tether banned on Canada’s first 2 licensed digital currency exchanges “Hyperbitcoinization won’t magically happen on its own. In order to live in a world without big banks, oppressive regulations, or Big Tech presiding over our lives, we need a strategy and ecosystem to replace the legacy economy. That is where Synonym comes in.” The first protocol to be launched by Synonym is called Slashtags, an interoperability framework for private networks that doesn’t rely on blockchain technology and can be used by any platform for coordination, privacy and consensus. The Bitcoin network recently completed its highly anticipated Taproot upgrade, which ...
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tether launches synonym - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challenge
IMF | José Deodoro, Michael Gorbanyov, Majid Malaika, and Tahsin Saadi Sedik | Nov 23, 2021 Quantum computers can reach a level of optimization that would crack many of today’s encryption keys in less time than it takes to generate them using conventional digital computers. Financial institutions should future-proof their cybersecurity systems without delay. Failure to do so will imperil financial stability. Increasing the number of qubits delivers an exponential rise in calculation processing speed. Two traditional binary bits are needed to match the power of a single qubit; four bits are required to match two qubits; eight bits are needed to match three qubits; and so on. It would take about 18 quadrillion bits of traditional memory to model a quantum computer with just 54 qubits. A 100 qubit quantum computer would require more bits than there are atoms on our planet. And a 280 qubit computer would require more bits than there are atoms in the known universe. The possibilities Complex computational tasks are like finding the way out of a maze. A traditional computer would try to escape by following every path in sequence until it reached the exit. Superposition, by contrast, allows a quantum computer to ...
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Quantum computing - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challenge
Investment Executive | James Langton | Nov 22, 2021 Canada’s system for resolving investor complaints is fundamentally flawed. Now is the regulators’ chance to fix it. Back in 2016, the most recent independent review of the Ombudsman for Banking Services and Investments (OBSI) concluded that the system is inadequate and unfair to investors. But many financial industry participants knew long before the review that OBSI’s lack of binding authority rendered the ombudservice impotent and incapable of ensuring proper dispute resolution. Once firms were willing to be “named and shamed” rather than pay compensation to harmed investors, the jig was up.  The era of “low ball” settlements has cost aggrieved investors millions. Firms then had little incentive to offer fair compensation, and clients were much more likely to accept meagre offers. The era of “low ball” settlements has cost aggrieved investors millions — and that’s not counting those who were too discouraged by the tilted playing field to bother pursuing their grievances. See:  Hester Peirce on personal liberty, crypto regs and retail investor particiation As a result, Canadian investors have been abandoned to a dispute-resolution system that fails to meet international standards. This was confirmed in the 2016 review, and despite ...
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dispute resolution - Startup Canada Roadshow (Sep 12-Oct 2):  Canadian Export Challenge

 

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