Karsten Wenzlaff, Advisor
August 26th, 2025
Fintech | Milestone Release | Aug 21, 2024

Image: Freepik/pch.vector
Manzil, a Canadian fintech startup has reached a key milestone for Canada's Islamic finance sector by transacting over $50 million of Shariah-compliant mortgage financing, demonstrating the growing demand for Halal financial solutions, as more Muslims seek homeownership options that are consistent with their religious beliefs.
The company was founded in 2017 by Dr. Mohamad Sawwaf, and after a couple of years of R&D officially launched in 2020 to meet the unmet needs of Canada's Muslim community seeking Shariah-compliant financial products. The company provides solutions like Islamically compliant investment alternatives and Halal mortgages. Notably, Manzil raised $1.91 million in seed funding in 2022 to grow the platform. Manzil offers Canadian Muslims easily accessible and legally acceptable home finance options with products like Ijara (lease-to-own model), and Murabaha (a cost-plus agreement).
The concept of Islamic (halal) mortgage financing is based on Shariah (Islamic law), which forbids giving or receiving interest (Riba). Halal mortgages guarantee that financial dealings are 'interest-free' to maintain their religious beliefs, as opposed to conventional mortgages that work through leasing or profit-sharing arrangements.
The demand for Islamic Finance in Canada is growing. Statistics Canada indicates that the number of Muslims in Canada has been increasing over time, and that growth has increased the need for financial services that adhere to Shariah. Globally, Islamic finance is expected to reach USD 3.69 trillion by 2024. Prominent fintech, Wealthsimple also launched a Shariah compliant world equity index ETF.
The fact that Manzil has financed more than CAD 50 million in halal mortgages is just the start of the growing demand in Canada for Shariah compliant financial solutions. As the first Islamic fintech and leader in Canada, Manzil is supporting the way for Muslim Canadians to become home owners, participate in ethical banking, and be more financially included.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Aug 20, 2024

Job interviews make most people nervous. But situational questions take anxieties to another level! Unlike normal interview questions about your experience, situational questions give hypothetical workplace scenarios seeing how you would tackle challenges on the job.
Situational interview questions give candidates hypothetical “what if” scenarios involving workplace challenges to evaluate problem-solving thought processes by responding verbally in real-time during job interviews.
Hiring managers leverage situational questions judging analytical abilities, communication skills, composure, technical know-how and ethics observing candidates in action working through simulated job crises aligned to roles. Unlike experience-based questions, these force applicants to think on their feet applying skill sets immediately with little preparation.
Four reasons hiring managers rely heavily on situational job interview questions include:
Watching candidates tackle hypothetical role-relevant issues predicts potential priorities, work processes, and interactions with coworkers/customers once they actually hold positions. Situations reflect realistic job previews.
Since many roles require quick critical thinking confronting everyday challenges, situational questions analyze logical reasoning capacities breaking down issues methodically to drive decisions and optimize results. Applied cognition gets tested in simulations.
Common situational questions also evaluate difficult-to-quantify “soft skills” like professionalism, integrity, teamwork, and grace under pressure through responses assessing overall demeanor. Interpersonal instincts shine.
Asking the same situational questions of all applicants for given roles allows easier side-by-side comparison evaluations from interviews assessing who shined brightest. Curveballs level playing fields.
While exact situational questions vary across industries, several common topics include:
Solid preparation tames situational interview anxieties:
When actual situational questions get lobbed your way, employ these top tactics driving home run responses:
While strong situational question answers impress, flimsy responses riddled with rookie mistakes undermine perceptions around candidate viability. Avoid these pitfalls:
Despite extensive preparation, interviews still stir overwhelming nerves risking mental blanks. If questions initially catch you off guard, avoid panic through:
Preparing for interviews feels daunting enough without added situational curveball questions evaluating problem-solving capabilities on the fly. Understanding why employers rely on situational questions assessing critical soft skills and crisis management competencies builds confidence rather than dreads facing them.
With a realization that interviews deliberately apply some pressure simulating workplace demands also comes the ability to overcome stressful moments through authentic communication of strengths, honest self-awareness around limitations, and unwavering solutions focus.
By studying company priorities and determining likely situational topics combined with practicing responses aligned to your backgrounds aloud, soon you’ll tackle situational questions as opportunities showcasing unique qualifications - not obstacles to avoidance. Mentally start writing your success story embracing interviews as engaging discussions instead of interrogations!
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Research | Aug 20, 2024
Women are the most profitable and devoted clientele but they are significantly underrepresented in fintech portfolios, according to a new publication from the IFC World Bank Group, "Her Fintech Edge: Market Insights for Inclusive Growth" (52 page PDF report), offering insights on how fintech companies may more effectively target women.
According to the research, focusing on this market could lead to big financial gains due to increased lifetime value, increased loyalty, and decreased default rates. The study is based on data from 114 fintech firms across 17 countries and interviews with 25 fintech leaders.
4. Higher Acquisition Costs Offset by Higher CLV
Firms that prioritize gender inclusivity in product design, marketing, and partnerships are well-positioned to capitalize on this potentially lucrative untapped market offering lower risk, greater loyalty and higher lifetime value.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Taxes | Aug 19, 2024

Image: Freepik/Drazen Zigic
On Aug 12, 2024, the Canadian government published changes to the Canadian Entrepreneurs' Incentive (CEI), a tax incentive included in the 2024 budget that is intended to offset the capital gains tax increase announced in the same budget that increases the taxable component of capital gains from 50% to 66.67% for anyone whose yearly capital gains exceeded $250,000.
Over a five-year period, the capital gains tax increase is anticipated to generate $19.4 billion in new government revenue over 5 years. The government has explained this increase to the taxable share of capital gains as a step toward promoting generational fairness, especially for younger Canadians.
Needless to say, investors and management are livid and worried that the changes will discourage investment, slow growth, and make it harder to get growth financing and attract and retain top talent. Also, many have pointed out that family-owned businesses, doctors / medical professionals, and many small businesses may be disproportionately impacted.
The government is accepting comments on the proposed amendments to CEI until September 11, 2024. Send an email with your feedback to: consultation-legislation@fin.gc.ca.
The higher LCGE and lower inclusion rate may help certain entrepreneurs, but more extensive changes are needed to ensure Canada's tech and innovation sector can continue to innovate, solve meaningful challenges, and become economically and globally competitive.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Investment Crowdfunding | Aug 15, 2024

Image: Freepik/onlyyouqj
Customers and investors can now purchase stock in Rally, a crowdpowered travel startup, as the SEC-regulated investment crowdfunding campaign officially launched yesterday. Professional and every day investors including the general public will have the opportunity to contribute to Rally's innovative Mass Mobility as a Service (MaaS) platform, which allows users to plan or join bus excursions via its rideshare app to important events such as festivals, sporting events, and concerts.
Rally's use a tech platform to link hundreds of small private bus operators offers efficient and flexible transportation solutions by crowdsourcing travel demand, which is a great solution for events with high demand. Its other brand, OurBus, offers more than 150 stops and schedules regular intercity routes throughout the United States and Canada. The current campaign marks a new milestone in Rally's growth, as the company plans to expand and even explore the possibility of going public. Through this equity crowdfunding campaign, regulated by the U.S. Securities and Exchange Commission (SEC), everyday investors now have the opportunity to own a stake in Rally.
Rally's 2024 campaign demonstrates how crowdsourcing has changed over the years. Looking back to 2014, LineSixTransit, a Toronto-based crowdsourcing initiative, tried using a similar technique to crowdfund public transportation solutions to help resolve Toronto's transportation challenges. The project's goal was to establish a private bus service that would transport passengers between Liberty Village and Union Station and guarantee seats in return for nominal crowdsourced fees.
After a week-long pilot experiment and a lot of initial enthusiasm, the Toronto Transit Commission (TTC) abruptly ended the project due to regulatory issues. While the outcome was unsuccessful due to regulatory issues, such project paved the way for tapping into the power of crowdfunding.
By allowing crowdsourcing demand and linking small bus operators via technology, Rally is developing a flexible, scalable approach to event-based and intercity transport. If the project is successful and eventually publicly lists, early investors will reap the benefits of a unique opportunity to participate in the mobility business.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Partnership | Aug 14, 2024

Image: Tablets with MetaDolce iinked Sign
Syngrafii, a leader in innovative e-signature technologies, has announced a strategic partnership with MetaDolce Technologies, a global provider of biometric and mobile data capture solutions. The partnership aims to expand adoption of Syngrafii's advanced e-signature solutions, including its flagship product, iinked Sign™.
MetaDolce Technologies is known for its global reach, having provided solutions in over 100 countries across a variety of sectors such as law enforcement, healthcare, and border protection. MetaDolce's incorporation of Syngrafii's e-signature technologies into their devices satisfies the demanding standards of modern organizations and governments who require comprehensive, secure, and compliant solutions. By integrating Syngrafii’s iinked Sign™ into its product lineup, MetaDolce will enable a new level of security and non-repudiation for remote signings.
Matthew Gibson, CEO, and co-founder of Syngrafii:
"This collaboration marks a significant milestone in addressing the evolving digital signing needs of governments and enterprises. MetaDolce’s expertise in biometric solutions complements our mission to deliver the highest levels of compliance and security in e-signatures."
In the competitive e-signature market, businesses and governments are looking for solutions that provide increased security together with convenience. Offering innovative products like the Video signature RoomTM and the LongPen® remote signature equipment, which have raised the bar for compliance and non-repudiation, Syngrafii has been at the forefront of this industry.
Moshe Meppen, CEO of MetaDolce Technologies:
"Syngrafii’s continuous innovation in real-time video signing and biometrically accurate electronic signatures makes them the perfect partner as we look to enhance our product offerings. Our combined technology will provide unmatched security and efficiency for clients requiring robust e-signature solutions."
With the partnership, companies and government organizations will have access to a more complete e-signature solution that meets high legal compliance standards and seamlessly connects with current biometric systems.
This is especially important in fields where safe identity verification is essential, like law enforcement, healthcare, and border security. It is anticipated that the incorporation of Syngrafii's technology into MetaDolce devices will improve consumer safety, expedite workflows, and lower the possibility of fraud, especially in situations involving remote signing.
This partnership between Syngrafii and MetaDolce Technologies is well-positioned to lead in the evolving e-signature market, delivering enhanced security and efficiency to their clients worldwide.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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