Category Archives: NCFA Blog

Hub & Company Joins NCFA as an Industry Partner

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NCFA Canada | June 11, 2020

Hub and Co joins NCFA as an industry partner - Hub & Company Joins NCFA as an Industry Partner

TORONTO and WATERLOO, June 11, 2020:  The National Crowdfunding & Fintech Association of Canada (NCFA) is pleased to announce that Hub & Company has  joined NCFA as an industry partner.

NCFA's industry partners are builders, investors and  innovators who have  provided a significant level of service and/or contribution towards the sustainability and  growth  of NCFA and  related fintech  sectors globally. We encourage the fintech  ecosystem to support and  collaborate with NCFA's global  network  of industry  partners by engaging directly with their ventures of mutual interest.

Hub & Company, headquartered in Waterloo, is a venture studio and consultancy that helps you launch, grow or build your organization to attract the next generation of digital natives with integrated, analytical and unique strategies that promote hyper-virality and scale. Our team has extensive experience in growing brands, building products, and fundraising to meet the ever-evolving needs of new markets, platforms and channels.

"Amongst technologists it is clear that the world of digital finance is the future, the trouble lies in creating and communicating financial products that are relevant to consumers.”

               – Olivier Szczepaniak, Managing Partner, Hub & Company

 

"At it's core, Huband.co represent the future of your canvas.  A forward thinking and adaptable venture studio driven by Gen Z innovators and technologists...we're very excited to see where this partnership can go!"

               – Craig Asano, Founder and  CEO, NCFA

 

 

The best place to connect and get more information is at huband.co

hubandco home page - Hub & Company Joins NCFA as an Industry Partner

 


NCFA Interview with Olivier Szczepaniak, Managing Partner at Hub & Company

What excites you most about digital assets and decentralized finance?

It seems most of the innovations in the startup ecosystem could be classified as innovations of convenience. They tend to automate workers on the periphery doing menial tasks, digital assets, and decentralized finance can automate away the centre. Instead of putting the taxi drivers out of a job, digital assets and decentralized finance can put Uber out of a job and put the power into the hands of the taxi drivers. I find the potential of creating novel incentive structures most exciting.

 

Where do you see this industry going in 5-10 years?

There has been a tremendous amount of unbundling in the fintech space, everyone is now offering a bunch of different product lines, and around narrow wedges like payday loans and payment financing. I think we’re reaching a point where it will become overwhelming for consumers to keep up with 10 different apps to manage their money. Thus, I think there will be a re-bundling. It may look like something akin to a “super app,” like we see in the Asian market with Grab or Alipay. It could be the return of more robust personal finance management apps. Or it could happen through automation (ex. Tally which consolidates credit card debt). Fintech seems to be maturing and slowly becoming saturated. CAC is going through the roof, and mindshare is getting harder to come by. I believe that this will lead to the rise of embedded finance. Uber, SmileDirectClub, and Shopify are amongst the first to add financial products to their offering. However, flexible payments and insurance are the tip of the iceberg. I foresee brands like Nike or even Fortnite, that have a deep brand loyalty will start to become big players because they have a natural entry point. If more brands start adding fintech as a feature, all these companies will need infrastructure. I expect more investing dollars will go toward these companies that will help them manage compliance, fraud and other building blocks.

The big winners over the next 5-10 years will be companies who embrace the need for a better user experience for the end user, whether that be in international markets or domestically. Digital assets and democratized finance have come a long way, but the industry seems to just be warming up, and at Hub & Co we can’t wait to see where things go.

 

What are the biggest opportunities and challenges with Fintech in Canada and how can industry, government and key stakeholders best lead the way for a sustainable and successful future?

I’m long Canadian talent, short Canadian regulation. Our financial regulation is great for stability but often inhibits startups ability to move quickly. In a global competitive landscape this can be catastrophic. It would be great to see more innovation tracks in our regulatory system.

 

 

# # #

 

About NCFA

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. For more information, please visit: www.ncfacanada.org

About Hub & Company

Founded in 2019, Hub & Company is a venture studio and consultancy that works with companies looking to improve their bottom-lines, public images, corporate strategies, or products. We built our organization on the foundation of partnership and realized that with the collaboration of a large number of successful individuals, students, thought leaders, entrepreneurs and organizational strategists, we could help our clients grow quickly. For more information at Hub & Company, please visit: https://huband.co

 

 


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Cryptocurrency Payments Processor CoinPayments Appoints Jason Butcher as New CEO

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Crowdfund Insider | | May 14, 2020

Jason butcher - Hub & Company Joins NCFA as an Industry PartnerCryptocurrency payments processor CoinPayments announced on Wednesday it has appointed Jason Butcher as its new CEO. CoinPayment reported that Butcher has been its Chief Operating Officer since 2017, and previously as an advisor starting in 2015, helped boost CoinPayments’ monthly transactions to more than $100 million.

According to CoinPayments, Butcher brings nearly three decades of experience building businesses globally in diverse industries and markets. He founded HODLTech and DIGISURE in 2018, Parallel Payments in 2011, and is actively involved in a number of global FinTech, Crowdfunding, and Blockchain technology projects. He also serves as an advisor with the Blockchain Association of Canada and is the Fintech advisor for the National Crowdfunding and Fintech Association.

“Crypto-payment accessibility allows businesses to be more agile with customers and partners by offering improved security and faster transactions without red tape. Our aim is to further enable more businesses globally with custom tools and services, as well as a superior customer service experience.”

See:  WeChat live Streaming pumps life into local business in China

CoinPayments further reported it is planning to do the following under Butcher’s leadership in 2020:

  • A continued focus on delivering easy-to-use solutions and exceptional customer service to merchants
  • New advisors including world-renowned payments and cryptocurrency executives
  • Global partnerships that will deliver the CoinPayments platform directly to thousands of new merchants

Continue to the full article --> here


NCFA Jan 2018 resize - Hub & Company Joins NCFA as an Industry Partner 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, 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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NCFA Open Letter: Government should collaborate with Fintechs

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NCFA | April 15, 2020

NCFA Recommends Governments to collaborate with Fintechs to help startups and SMEs - Hub & Company Joins NCFA as an Industry Partner

 

Dear:

  • Senator Colin Deacon (letter)
  • Right Honourable Prime Minister Justin Trudeau (letter)
  • Honourable Minister William Morneau (letter)
  • Honourable Minister Navdeep Bains (letter)
  • Honourable Minister Mary Ng (letter)
  • Honourable Minister Mélanie Joly (letter)
  • Canadian Securities Administrators (letter)

Open Senator Deacon's Response on Linkedin --> here

 


re: Open Letter: Government should collaborate with Fintechs

The Canadian government should recognize that FinTech companies can play a central role in distributing capital to small businesses and early-stage companies.  Online lending and crowdfunding platforms have invested to build the software for onboarding, screening,  approval, distributing and servicing of loans and investments to Canadian small businesses. Canada’s regulators and policymakers need to work with our fintech entrepreneurs who have the digital infrastructure to help the Canadian government achieve its goal of saving small businesses and getting the economy get back on track faster.

While NCFA applauds the government’s work to help startups and SMEs cope with the liquidity and demand crisis created by the COVID-19 pandemic, more financial support and incentives are needed to help companies and the economy bridge to better times.  Specifically, we strongly suggest the government implement the following ASAP:

Recommendations

1. Work with fintechs to administer small business loans to deserving companies

  • Government should work with established online lending fintechs to distribute and manage small business loans quickly and cost-effectively.
  • Online lenders can process loan applications quickly, onboarding and evaluating borrowers electronically, while proactively identifying risks and monitoring borrowers.
  • In the UK, only 1.8% of 300,000 applications to emergency small business loans (CBILS, Coronavirus Business Interruption Loan Scheme) have been approved due to bureaucracy and reluctance to lend based on criteria (here). The UK government has since approved fintechs to help administer loans such as Starling and OakNorth (here)
  • In the US, fintechs Paypal, Intuit and Square are now approved to offer loans through the coronavirus paycheck protection program (here)

 

2. Expedite full harmonization of equity and lending Crowdfunding regulations and widen participation among companies and investors

  • Increase issuer caps to $5 million, in line with foreign jurisdictions, and allow a broader range of companies to participate.
    • United States: Companies can raise US$5M under RegCF (here)
    • Australia: Companies can raise A$5M (here)
    • Germany: Companies can raise €8M (here)
  • Allow qualified accredited investors to participate fully without caps
  • Establish a regulatory regime that recognizes and accepts that the activities of P2P lenders (and simple loan agreements) are inherently different from equity investments and should be regulated differently

 

3. Establish a two-pronged Capital Raise Funding Program to improve access to capital for earlier stage companies

  • Capital Raise Readiness Reimbursement: Up to $25,000 per qualifying company to help companies recover the cost of preparing to raise capital such as licensed dealer platform fees, legal and accounting expenses, and strategic consulting.
  • Matching investment program: Similar to what the BDC is currently offering for matched equivalent VC investments, the government should match investments into early stage and smaller companies raising capital through crowdfunding platforms.  These companies would not generally qualify for VC funding at their stage of growth yet supporting these firms will help strengthen entrepreneurs and innovators as we emerge from the pandemic.

 

4. Tax Relief for equity crowdfunding investors similar to the EIS/SEIS programs in the UK

  • SEIS lets investors claim tax relief and Capital Gains Tax exemption for 50% of the investments up to £100,000
  • EIS allows investors to claim tax relief, Capital Gains Tax exemption, loss relief for 30% of the investments up to £1,000,000 per year
  • The Seed Enterprise Investment Scheme (SEIS) targets early-stage companies that have been trading for less than 2 years and have less than £200,000 of assets
  • This program could be piloted for a 2 year period which is long enough to improve access to capital for many start-ups and SMEs negatively impacted by COVID-19, and to review the program with a suitable amount of transactional data for further review

 

 

The Startup and Small Business COVID-19 Crisis

Startups, SMEs, and smaller financial service providers in Canada are all facing extinction while in lock-down from the pressures of mounting operating expenses, a vast drop in customer demand, and rapidly closing funding and revenue channels.

Collectively, SMEs are the backbone, and future, of the Canadian economy supporting at least 70% of all jobs across the country and 41.7% of GDP. Businesses with fewer than 10 employees make up 73.5% of the private-sector employers in Canada, and from 2013 to 2018, created 56.8% of all new jobs.

See:  How Governments Should Use Crowdfunding to Battle the Economic Impact of #Socialdistancing

These companies are facing disrupted capacity, broken supply chains, insolvency and high levels of mental stress.  In the result, we are facing the loss of all or part of an entrepreneurial ecosystem.  Startups in particular need assurance, transparent information and support from government to help navigate the current health and economic crisis, to protect staff and their business, and to ensure their survival once operating restrictions are gradually lifted in the coming months.

 

Cash is King

‘Cash is King’ and they need it to survive.  Businesses surveyed by Lending Loop, on average, have less than 30 days of cash on hand to weather this storm. These businesses are in desperate need of resources and funding to stay in business, retain employees (often highly skilled), reduce expenditures, and restructure to survive through this lockdown.

This survey paints a similar picture as estimates from The Council of Canadian Innovators that 82% of Canadian tech CEOs are planning layoffs in the coming weeks.  By international comparison, techUK, a non-profit tech association, reported that 30% of surveyed SMEs might have to cease business if lockdown restrictions were in place for a longer period. And 51% believed they were ineligible to receive government support under the current programs, such as the Pay Retention Scheme.

 

Cards stacked against:  Current Government Support is Not Enough

COVID-19 is a momentum and capacity building killer.  It’s especially disheartening to the Canadian startup community which has been scaling-up and capturing global attention, attracting capital and talent, investing in new resources and infrastructure, and building national confidence and pride.

For some startups, the pandemic may expedite the growth of their business but for most it will be a disaster.  As it stands, in a few short months we are at risk of losing an entire generation of early-stage companies who are too small to attract institutional venture capital and whose survival cannot depend on the pocketbooks of friends, families and angel investors.

See:  Survey finds Canadian small businesses seeing 50 percent revenue decline amid COVID-19

There are indications that mostly foreign tech giants will use this crisis to consolidate their hold over major parts of the Canadian technology ecosystem by buying up cash-starved smaller firms, or simply picking up the resulting business as they fall by the wayside.  The risk of losing this collective private and public investment and the cost of rebuilding (if at all possible) would be more expensive than providing the required support to bridge companies and the economy to better times.

From an investor perspective, public capital markets have become narrower and narrower over the past 18 months as fewer companies are willing to undergo the rigors of a public listing. This situation has reduced the universe of potential investments for the public. The sharp falls and volatility in equity markets in March and early April can only result in greater investor conservatism with less appetite for riskier, early-stage companies that are best positioned to create the jobs of tomorrow.

Much has been done by the government to help large and medium-sized companies cope with the unprecedented situation created by the pandemic. But the current fiscal support is not enough for startups. More needs to be done to improve the chance of survival of these early-stage businesses.  Canada is lagging behind the UK, Australia, France, Denmark and the US in its support programs.

The sheer magnitude of the economic and financial crisis requires a comprehensive and complementary suite of measures to enable all of Canada's smaller, earlier-stage companies not only to survive the present trough but also to be fully equipped to move into high gear as soon as possible.

 

Opportunity for a Paradigm Shift is Now

Fintechs have frontline insights on the pain COVID-19 is inflicting on small businesses and entrepreneurs. These Fintechs can help to distribute financial support more quickly and cost-effectively, complementing the bigger financial intermediaries players who are slower due to their legacy IT systems.  Our Canadian Fintechs have digital infrastructure to identify demand, verify identity and financial suitability, approve investments, and make efficient and secure digital payments. Canadian Fintechs can provide a range of financial options (equity, loans, and other forms of credit) to support consumers, startups, entrepreneurs and SMEs.

Government should support and recognize Canadian fintechs as a key part of the financial solution.  The sooner we understand that our regulation and policy frameworks need to holistically include the value that new fintech models and digital infrastructure brings, the faster the economy will get back on track.

See:  Canadian small businesses are facing extinction amid lockdowns

Time is of the essence.  There is an immediate opportunity for the Canadian government to partner with fintechs to solve the funding crisis that COVID-19 has forced upon all of us. Working together, Canadian Fintechs can deliver government’s financial resources using a resilient and efficient electronic platform.  It's time for the Canadian government to work with Fintech entrepreneurs and seize this opportunity to work together to protect the Canadian economy.

 

The time to act is now.

Act Now - Hub & Company Joins NCFA as an Industry Partner

On behalf of NCFA:  This open letter is informed by a wide range of voices from within NCFA (About Us, Partners) and the innovation community in Canada and around the globe.  Special thanks to those providing specific inputs of the content including Craig Asano, Richard Remillard, Robin Ford, Michael King, Cato Pastoll, Victoria Bennett, Peter-Paul Van Hoeken and Alan Wunsche.

 


NCFA Jan 2018 resize - Hub & Company Joins NCFA as an Industry Partner 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, 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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Raising Capital in a Pandemic World

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Medium | Victoria Bennett | March 18, 2020

fundraising in a pandemic - Hub & Company Joins NCFA as an Industry Partner

This week has seen considerable changes in the world, from markets falling, oil prices falling, schools closed, borders closed. We’re moving into a new world order, and this isn’t for a week or two. How can your business stay healthy and grow?

Your company needs to prepare for this new world order. Firstly, look at spending and consider how you can reduce your burn rate? Look at your revenues. What will this ever-changing world do to your revenues? If some taps are turned off, how can you reposition your company to access new revenue streams? Government stimulus funding may help you to access the new revenue streams or pivot.

It’s not all doom and gloom. The 2008–2009 recession founded Uber, AirBnB and Slack, disruptive businesses that took the opportunities in the market. Other companies grew through acquisition and benefited from cheaper assets.

How can you raise the capital to grow and grab the opportunities that the changes with coronavirus bring?

Most outside money, such as Angel Investors or VCs, requires kissing many frogs. You have to meet a large number of people, typically face to face, to build understanding, trust and secure funding.

Last week our company was due to host three investor events. The first one on Tuesday, had over fifty people in Vancouver, the second on Wednesday twenty in Calgary. Then the third back in Vancouver had to be cancelled as the venue went on COVID-19 lockdown. With Social Distancing measures, traditional fundraising needs to be turned on its head.

See:  Funding in the Time of Coronavirus

Crowdfunding may be the solution to raise capital from a large number of investors across the whole country without meeting them face to face. The whole process takes place online, from reviewing the offering documents, signing and paying. It can all take place without any face to face interaction. That provides social distance for the investor, the company’s employees and lawyers.

Crowdfunding works best where you can tell a story because people like to back what they believe in, and that is certainly the case for retail investors. For larger investors, they are often looking for deal flow. A crowdfunding platform can provide both. The video gives you a chance to see the team, and to understand their why? The “why” is vital because that motivates companies through the bad times as well as the good.

It is important to tell your story and make it relevant to the current reality, but you need to be authentic too. Next week we are launching an equity crowdfunding campaign for a pain-free needle. The device is pre-dosed and has an enclosed sharp; therefore, it doesn’t require sharps disposal. In the not too distant future, there will be a need to vaccinate a large global population quickly, without fear of pain, or mis-dosing or sharps disposal in developing countries, and at a similar price to a syringe and vial of the drug. PKA SoftTouch, who developed the device, has a story that is natural and resonates in the current landscape.

Breaking through the noise

It is noisy out there; social media feeds are full of COVID-19 advice and emails acknowledging that every company you have ever dealt with has a COVID-19 policy. This too will pass. Advertising spend is already decreasing. With potential drops in revenue, this does make sense, but the companies that responded best after 2008 were the companies that remained in the market and continued to tell their stories. If you are crowdfunding, it will be easier to get your story out, as you will be competing with fewer companies and lower overall marketing spend.

See:  Getting In Early: SEC Sees Growth In Equity Crowdfunding

We are social creatures; working from home, we may look to other ways to stay connected. Business channels such as Slack, LinkedIn and Zoom and social channels such as Instagram and Facebook will be our source of connection. These are the main outreach channels for crowdfunding. The increase in working from home means potential investors could have more time without the daily commute and be online more, as well.

A webinar will replace the events cancelled on Thursday and this Tuesday. Potential investors have the opportunity to ask questions and gain trust and understanding so that they can move forward to invest. A face to face launch event scheduled the following week will be live-streamed. This will allow a small group from the company to be present and the larger group of interested investors to meet the team and hear the key information.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Hub & Company Joins NCFA as an Industry Partner 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, 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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FFCON20 RESCHEDULED JULY 8-9 DUE TO CORONAVIRUS

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NCFA | FFCON20 TEAM | March 5, 2020

FFCON20 updated banner - FFCON20 RESCHEDULED JULY 8-9 DUE TO CORONAVIRUS

FFCON20 RESCHEDULED DUE TO CORONAVIRUS

Canada’s Foremost Fintech Conference Rescheduled to July 8-9, 2020

TORONTO — March 5, 2020 — The National Crowdfunding & Fintech Association of Canada (NCFA) today announced that its 6th annual Fintech & Financing Conference and Expo (#FFCON20) scheduled to take place March 23 through March 24, 2020 in Toronto, has been rescheduled due to concerns related to the Coronavirus Disease 2019 (COVID-19).

The conference, held in association with Toronto Finance International (TFI), will now take place July 8 through July 9, 2020. All prior registration terms including discounts and early bird rates will remain.

“As a global conference we have given careful consideration to the evolving situation around COVID-19,” said Craig Asano, Founder and CEO FFCON. “As the health and well-being of FFCON20 attendees is our priority we have decided to reschedule the conference to a later date. We are grateful to our partners, sponsors, speakers and delegates for their understanding and support and look forward to welcoming everyone to FFCON20 July 8-9.”

For more information please visit: https://fintechandfunding.com/

 

About the NCFA

The National Crowdfunding & Fintech Association (NCFA) 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, blockchain and cryptocurrency, Regtech, and Insuretech sectors. To learn more about NCFA visit www.ncfacanada.org

About Toronto Finance International

Toronto Finance International (TFI) is a public-private partnership between Canada’s three levels of government, the financial services sector and academia. TFI’s mission is to lead collective action that drives the competitiveness and growth of Toronto’s financial sector and establishes its prominence as a leading international financial centre. For more information, please visit: www.tfi.ca

About FFCON

FFCON (Fintech and Financing Conference) is an annual conference hosted by Canada’s National Crowdfunding and Fintech Association (NCFA). Now in its sixth year, FFCON20 brings together professionals and innovators in fintech, AI, blockchain, cryptocurrency, and alternative finance.

Further information about the conference series can be found at www.fintechandfunding.com

 

FFCON Contacts

Craig Asano
Founder and CEO, NCFA
casano@ncfacanada.org
(416) 618-0254

Partnership Inquiries
Lauren Linton
Advisor, NCFA
lauren@ncfacanada.org
(416) 569-4349

Media Contact
Michele McDermott-Fox
The Top Floor Public Relations
pr@thetopflooragency.com
(905) 379-1893

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Consilium Crypto Joins NCFA as an Industry Partner

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NCFA Canada | March 4, 2020

NCFA Industry Partner Consilium Crypto - Hub & Company Joins NCFA as an Industry Partner

TORONTO  and MONTREAL,  March 1, 2020   The National  Crowdfunding & Fintech  Association of Canada (NCFA) is pleased to announce that  Consilium Crypto has  joined NCFA as an industry partner.

NCFA's industry  partners are builders, investors and  innovators who have  provided a significant level of service and/or contribution towards the sustainability and  growth  of NCFA and  related fintech  sectors globally. We encourage the fintech  ecosystem to support and  collaborate with NCFA's global  network  of industry  partners by engaging directly with their ventures of mutual interest.

Consilium Crypto, headquartered in Toronto, is a big data  company that provides quantitative and qualitative insights to market participants in the digital asset space, including asset managers, family offices and exchanges.

Consilium analyzes 17,000 trading  pairs, over 1000 assets, across 50+ exchanges, and tracks trading activity down to the millisecond. The system monitors raw transaction data, as well as complete price and liquidity information from order books around the globe. These data  pipelines power the core products, designed to help funds  find alpha  and place  large orders efficiently in times of limited liquidity.

With expertise in Big Data, Algorithmic Trading, and Software Development, Consilium Crypto brings the transparency and professionalism of traditional capital markets to the Digital Asset industry.

"As the Digital Asset industry matures, the need for institutional grade data & analytics will grow exponentially. Consilium provides an actionable source of truth for digital asset markets around the globe.”

– Austin Hubbell, CEO, Consilium Crypto

 

As the digital economy grows,  more  and more  assets will become digitized.  The need for a big data analytics platform  is essential to provide  advanced metrics and APIs to support real time data-driven decisions that help executives and professionals get an edge over their competitors.  Consilium Crypto  has built global data pipelines and partnerships and is key infrastructure of the future, available today,  and we look forward to their contributions as an industry  partner of NCFA.” – Craig Asano, Founder  and CEO, NCFA

 

The best place to connect and get more information is at ConsiliumCrypto.ai

Consilium Crypto home page - Hub & Company Joins NCFA as an Industry Partner

 


NCFA Interview with Austin Hubbell, CEO, Consilium Crypto

 

What excites you most about digital assets and decentralized finance?

There are so many  exciting  aspects of decentralized finance, it’s hard  to keep  track  of them  all given the fast pace of innovation  in this industry. Here are a few that  come to mind:

  • Democratization of access to capital.  There are so many great ideas and amazing builders in the world that can’t efficiently access capital to grow their business. Large-scale tokenization efforts will allow entrepreneurs and business owners to raise capital efficiently from a global investor base, whether they need $500 or $500 Million.
  • Tokenized funds and structured products. The ability to wrap systematic strategies into smart contracts and have fund management/administration tasks automated through blockchain technology.

 

Where do you see this industry going in 5-10 years?

One of the major themes we see  is that  the fractionalization and  tokenization of assets will continue to accelerate, allowing for more  efficient flow of capital  across the globe. Combining fractionalized ownership with blockchain-based digital identity solutions will enable individuals, not just institutions, to participate more  freely in global  capital  markets. In the long term,  it will be important to have  certain  rights and  restrictions, regulatory or otherwise, baked into the smart contracts or “tokens” themselves, allowing individuals  to buy and  sell as they please with very little involvement of third parties and  middlemen.

 

What are the biggest opportunities and challenges with Fintech in Canada and how can industry, government and key stakeholders best lead the way for a sustainable and successful future?

Canada has  a history  of producing world-class companies in the digital asset industry, including some of the top solutions for smart contracts,  interoperability and  tokenized securities. Regardless of where  the entrepreneurs are based or where  the original concepts were conceived, a lot of these companies move  away from Canada due  to regulatory burden or uncertainty. I think one of the most  important issues that  needs to be addressed is this brain drain or “IP flight” that  seems to be accelerating.

Canadian entrepreneurs need some assurances that  they can  experiment with new ideas, launch prototypes and  reasonably test  technology without the fear of serious regulatory consequences. There is too much  time and  money  spent on lawyers, and  not enough on real innovation.

 

# # #

 

About NCFA

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. For more  information, please visit: www.ncfacanada.org

 

About Consilium Crypto

Founded in 2017, Consilium Crypto is a big data  company that works with asset managers, exchanges and family offices to provide an actionable source of truth for the digital asset markets. With expertise in Big Data, Algorithmic Trading, and Software Development, Consilium Crypto brings the transparency and professionalism of traditional capital markets to the Digital Asset industry.  The core products are designed to help funds  find alpha  and place  large orders efficiently in times of limited liquidity. For more information, please visit:  www.consiliumcrypto.ai

 


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NCFA and KABN Systems North America enter multi-year exclusive partnership to promote Digital Identity in Canada

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share save 171 16 - NCFA and KABN Systems North America  enter multi-year exclusive partnership to promote Digital Identity in Canada

NCFA - KABN Release | Feb 13, 2020

ncfa kabn 500 - NCFA and KABN Systems North America  enter multi-year exclusive partnership to promote Digital Identity in Canada

Digital Identity program to be launched at 20: RISE

TORONTO, ON (February 13, 2020)The National Crowdfunding & Fintech Association of Canada (NCFA) and KABN Systems North America Inc. (KABN NA) announced today they have formed a collaborative partnership to promote Digital Identity management and usage in Canada through a 3 year exclusive partnership launching at the 2020 Fintech and Financing Conference and Expo (FFCON20) to be held in downtown Toronto on March 23-24, 2020.

With finance and fintech touching virtually every business and entity of people’s lives, the NCFA and KABN NA will be embarking on awareness and education programs on the value of having a secure, re-usable online identity that can reduce identity fraud and replace the need to show credentials every time you need to prove your online identity.

KABN Systems North America Inc. is a Canadian Fintech company tha specializes in continuous online Identity Verification, Identity Management and Monetization and is currently in the launch phase of its digital banking and financial services platform, Pegasus Flyte.

See:  Davos 2020: Financial inclusion and fintech is key to meeting the UN SDGs

KABN NA recently announced that it has executed Definitive Agreements with Torino Power Solutions (CSE:TPS), subject to all necessary approvals, Torino will acquire all of the issued and outstanding shares in the capital of KABN NA, which will constitute a fundamental change of the Company and that will result in a reverse takeover (the “RTO”) of Torino by KABN NA.

The theme for the 6th annual FFCON20 is RISE, focused on increasing the success and sustainability of Canada’s fintech and financial sector fostering partnerships between fintech companies and financial institutions, opening investment channels and connecting emerging talent with markets.  KABN will be a prominent partner of this event and all other events that the NCFA presents over the next 3 years.

FFCON20 facilitates thought-provoking and relevant discussions, lively debates and personal networking for the cross-pollination of ideas and experiences. The two-day event also provides a variety of competitions where investors can find deal flow and companies can get direct access to prominent investors.  FFCON20, at its core, brings markets to life and provides an open forum for collaboration between emerging companies and major stakeholders.

“Identity is a key component of the online fintech environment and consumers are becoming more aware of its value and vulnerability. We’re very excited to partner with KABN North America to educate consumers and businesses on the value of digital identity in the marketplace, how to protect it and how to manage it.”  Craig Asano, Founder and CEO, NCFA

“We are excited to have the opportunity to partner and work with the NCFA and leverage their leadership in the Fintech sector and create leadership in the digital identity arena. KABN is focused on collaboration with industry stakeholders and supports educating North Americans about the value of digital identity, to create better use of our private data.” Ben Kessler, CEO, KABN Systems North American Inc.

For more information on FFCON20: RISE click here

 

The National Crowdfunding & Fintech Association (NCFA) 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.  For more information, please visit: ncfacanada.org

KABN Systems North America Inc. operates the North American programs of the global KABN Network.  KABN provides an Always On patent pending, re-usable identity validation and verification platform, allowing users to continuously and confidently prove themselves to the online community, Exchanges and other services.  KABN NA’s identity services provide the backbone to its financial, loyalty and engagement programs including the Pegasus Flyte Prepaid Card program and KABN KASH, an innovative cash back program where users are connected to major merchants for savings when they shop.  For more information, please visit www.kabnsystemsna.com

For more information, contact:

Craig Asano
Founder and CEO, NCFA
casano@ncfacanada.org
(416) 618-0254

Ben Kessler,
CEO
KABN Systems North America Inc.
info@kabnsystemsna.com

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