Category Archives: Online Funding Portals

NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better

DealSquare | Peter-Paul Van Hoeken | Oct 22, 2019

dealsquare - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the BetterLaunch of Canada’s first B2B centralized digital platform for private placements

Toronto, October 22, 2019 – NEO is pleased to introduce DealSquare, Canada’s first centralized platform to simplify private placements in Canada, by digitally connecting capital raisers to dealers and their investment advisor networks. DealSquare is a technology solution developed by NEO in partnership with Silver Maple Ventures Inc., the company behind Canada’s leading online B2C private markets investment platform, FrontFundr, DealSquare will support the entire private placement process from marketing investment opportunities and electronically managing the due diligence and subscription process, through to efficiently closing the deal.

By utilizing NEO Connect technology, exempt securities will be seamlessly integrated into client accounts and back office systems. With broader and more efficient access to private placement offerings, the costs and operational risks of raising private money will go down, ultimately expanding investment opportunities. It’s a win-win for capital raisers, dealers, investment advisors and investors.

Over the past ten years, investors have flocked to the private markets looking for superior returns and to add balance to their portfolios. However, despite the overall growth in private markets compared to public markets, asset managers and capital raisers of all sizes and stages are still limited in their ability to complete private placements without facing debilitating financial, operational and regulatory burdens.  Private placements have also traditionally relied on friends, family and business relationships, inefficiently raising money from a very small subset of the investing community.

See:  FrontFundr announces new chair of the board

DealSquare officially launched today, with three dealers immediately connected to the platform and six active private placement offerings.

“Private market investment continues to outpace the public markets; however, access to private offerings has been fragmented, marketed through word-of-mouth and transacted using archaic technology. Today, that changes,” stated Jos Schmitt, President and CEO, NEO. “Together with the team from Silver Maple Ventures, we are making access to private markets easier, more efficient and with less operational risk through DealSquare.

At NEO, our vision from day one has been to bring competition and innovation to all facets of the Canadian capital markets, including the private markets space. We are very proud to continue to deliver on our vision with the introduction of DealSquare. As of today, asset managers and capital-raising companies of all sizes can now partner with NEO to raise capital through multiple channels, whether through the public or private markets, on or off exchange.”

How DealSquare Works

Dealers connected to DealSquare can publish their approved deals to their investment advisors in an organized and centralized manner. They also have the option to open their deal rooms to other dealer networks. Due diligence teams can review all deal information in one place, then choose to approve an offering to be marketed to the advisor network. Registered advisors can download investor-ready documentation and share deal pages with their clients. Investment documents will be digitally executed on the platform, with reporting documentation instantly consolidated and organized. Upon closing, NEO Connect technology will be used to facilitate the electronic settlement of exempt securities into dealer
back office systems and client accounts.

“The private markets have been lagging the public markets with regards to access and efficiency in processing investments,” says Peter-Paul Van Hoeken, Managing Director of DealSquare. “With DealSquare, we simplify the private placement exchange and transaction between dealers and advisors in a fully digitalized and efficient online environment.

We are thrilled to partner with NEO on this opportunity. Our online capital raising and investment processing capabilities, combined with the NEO Connect technology, delivers a highly innovative and powerful private markets solution to the Canadian investment industry.”

See:  Why Partnerships Are the Future for Fintech

Dealer and Investment Advisor Access to DealSquare

DealSquare is available to all Canadian investment dealers. Independent investment dealer Aligned Capital Partners Inc. is one of the first three dealers to pioneer DealSquare.. Investment advisors from these firms can request access to DealSquare to open a registered account and access, analyze and transact private market deals. For more information on how to register, please visit the DealSquare website

“We recognize this innovative solution will give our advisors access to private investment deals that will add opportunity and balance to their client portfolios,” said Christopher Enright, Founding Partner, President & Managing Director, Aligned Capital Partners.“ Like Aligned Capital, NEO is focused on providing efficient services and innovative solutions that put the needs and interests of their clients at the forefront. As a strategic partner they helped forge our relationship with DealSquare and we are proud to pioneer this private market deal platform.”

Digital execution will be enabled with the full roll-out of the DealSquare platform, expected during the first half of 2020. During the pilot phase, PDF documentation and manual execution will be faciliated by the DealSquare team.

Raising Capital on DealSquare

Any Canadian private or public company – large or small - can use the platform for private placement offerings. Asset managers can also leverage DealSquare to provide investors with innovative investment opportunities. Working with a dealer to market a private placement on DealSquare will provide broader reach to secure investment interest. A streamlined, electronic investment process will make it easier and more efficient for advisors to subscribe and invest on behalf of their clients. This will lead to a reduction in the cost of raising capital, as access and interest in the private investment opportunity goes up.

See:  Debt vs. Equity Financing: Pros And Cons For Entrepreneurs

To learn more about how DealSquare connects Dealers, Advisors and Capital Raisers and how it makes it easy to find, analyze and share private market opportunities, please visit:
https://www.dealsquare.io/About

About DealSquare

DealSquare is a centralized digital platform that gives registered users the ability to efficiently find, analyze and transact private market deals. With the complete roll-out of the platform during the first half of 2020, this dealer-to-dealer platform will digitally support the private placement process: capital raisers publish their private placement opportunities; dealers complete their due diligence; and advisors electronically subscribe to a deal, with exempt securities seamlessly integrated into client accounts and back office systems utilizing NEO Connect technology. DealSquare is a joint initiative between NEO and Silver Maple Ventures to make private markets better and more efficient.
https://www.linkedin.com/company/dealsquaretech/ | https://twitter.com/dealsquaretech

About NEO
NEO or the NEO Group comprises Aequitas Innovations Inc. and its subsidiaries, a group of established fintech companies that provide capital markets infrastructure designed for and led by the industry. Our competition, innovation and advocacy enable change, for the better. NEO is currently home to two capital raising solutions, NEO Exchange, a progressive stock exchange that brings together investors and capital raisers within a fair and transparent environment, and NEO Connect, a technology platform that enables the distribution of financial assets not listed on a stock exchange. To learn more, please visit:  https://www.aequitasneo.com

 


NCFA Jan 2018 resize - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better 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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When fintech met crowdfunding

AltFi | Luke Lang | Oct 21, 2019

luke lang crowdcube - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the BetterSomething special is happening at the intersection of retail investors and financial technology, writes Crowdcube's Luke Lang.

It became clear that fintech companies began to prize crowdfunding three years ago. Monzo crashed our servers in 2016 when it raised £1m in 96 seconds. Last December, the now-serial crowdfunding neobank raised £20m from retail investors.

The staggering thing about Monzo’s raise – and it speaks volumes about where crowdfunding and fintech have reached – is that it did not need to raise the £20m from any of us on the street. In October – i.e. just two months shy of the raise – the bank had closed an £85m round led by VC firm Accel. Raising £20m is no walk in the park. You need to build a prospectus, which is a lengthy and expensive process. Monzo’s crowdfunding raise capped all investments at £2,000, meaning the team chose to have more investors to look after.

See:  Canada Update: Alberta Updates Crowdfunding Regulations but Where Does Canada Stand in the National Harmonization of Rules? What about Fintech Development?

The world’s leading fintechs are using crowdfunding to cement and enhance their relationship with their customers. The latest Unicorns report from Beauhurst, an independent analysis firm, identifies the UK’s 21 unicorn companies – those worth $1bn (around £760m) or more. Of the 21, six are fintechs, and two are digital banks: Monzo and Revolut. Both have turned to crowdfunding – at a time when they are the darlings of the tech scene and its investors – to raise capital.

Why?

To answer that, I believe we have to go back to the financial crisis. After 2008, a chasm opened up in financial markets, encouraged by a profound lack of trust. We’re well-versed with the outcomes. The banks that survived had to change their ways, and new players came onto the scene. A decade later, it is the novel relationship between these latest entrants and consumers that gives us an idea of what the future looks like: a world where any business-to-consumer company knows that sharing ownership with its customers is fundamental to long-term success. This is the cooperative movement of the twenty-first century, and it is driven by technology.

Curve, Nutmeg, Freetrade – all these leading fintech companies that want as many as possible to profit from their success. In the last 12 months, we have facilitated the raising of £67m across 21 fintechs. By giving people skin in the game, these firms are securing a base of customers, and champions. From a commercial perspective, each customer’s lifetime value is hugely enhanced. Our customers find that their shareholders are less likely to move providers, more likely to refer friends and family, and more likely to buy more products and services.

Making consumers owners and giving them a say has become integral to how these companies run. Indeed, many are now building their own platforms to manage ownership. What does this tell us about the future? Here are businesses offering equity – not for money, not because they want to list, but to build an affinity with their customers. As these relationships evolve, both sides benefit: greater engagement – better products – more customers – growth – profit – both sides capitalise.  It could be called the democracy of building business.

See:

Technology is making this shift around the consumer possible not just in finance, but across markets. While the former has emerged as the vanguard, there are other non-tech sectors that have leapfrogged traditional ownership structures and cemented their own success. Food and beverage, historically underserved by the financial world, was an early adopter of crowdfunding. BrewDog is the poster child for this – a four-time Crowdcube funded brewery. It has 120,000 investors, aka Equity Punks, who, in its words, kick-started the craft beer revolution and, presumably, enjoy its beer. The prospect gets so much more exciting when you start to think of the markets that are hardest to disrupt, build a community around, and fight injustices: insurance, mining, the coffee industry, healthcare.

We are going to see another huge change: big businesses are signalling they’re stepping up beyond paying lip-service with grandiose CSR initiatives.

Continue to the full article --> here

 


NCFA Jan 2018 resize - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better 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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2019 Canadian Fintech & Funding Directory

Last Revised: January 31, 2019
This is an ever evolving and growing directory of active (or beta) online financial technology platforms and service providers in Canada including sectors such as blockchain, crowdfunding, alternative finance, real estate, P2P lending, regtech, insurtech, aggregators, consultants and ecosystems. To request to be listed in the directory you need to be a member of NCFA and also email us directly with your request at casano@ncfacanada.org and we'll do our best to make updates periodically. To become a member of NCFA please click here.


Canadian FF Directory Jan 31 2019 - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better

 

TypeNameDescriptionBaseURL
Service ProviderAccesswireFlat Fee News DistributionUSSite
PortalArt Market CanadaCreative and Artistic ProjectsONSite
PortalArtsFunding.caCrowdfunding for the ArtsONSite
PortalATB BoostRCrowdfunding for local businesses in AlbertaABSite
Service ProviderBennett Milner Williams ConsultingCrowdfunding consultantABSite
Lending PortalBorrowellLoans for responsible CanadiansONSite
Equity PortalBrixReal Estate Equity crowdfunding ONSite
Service ProviderCanadian Media FundCanadian Crowdfunding ResourcesONSite
PortalChimpCanadian CharitiesBCSite
Service ProviderCoinPaymentsIntegrated payment gateway for cryptocurrencies and ICO marketplaceBCSite
Service ProviderCommercial PassportBlockchain Document Custody KYCQCSite
Equity PortalConsiderFunding.comEquity Crowdfunding PlatformBCSite
PortalCookiee JarGeneral Purpose Awareness and FundraiserONSite
Royalty PortalCorlRevenue based financing for tech startups and companiesQCSite
PortalCrowd AmplifyMulti-purpose platform aimed at users inexperienced with crowdfundingNBSite
Service ProviderCrowdfund BeatCrowdfunding news and info (Canadian edition)ONSite
Service ProviderCrowdfund SuiteCrowdfunding Management + ConsultingBCSite
PortalCrowdfundfusionCrowdfunding aggregatorMBSite
Service ProviderCrowdfunding DojoDirect marketing techniques for reward based campaignsONSite
PortalCrowdfunding.caGeneral Crowdfunding (WIP)SKSite
Service ProviderCrowdfundingADRDispute Resolution Services (North America - office in LA)ONSite
Service ProviderCrowdFundOffice.comInvestor Services, Accounting and ComplianceONSite
PortalCrowdhelpsCrowdfunding campaigns to help womenONSite
Equity PortalCrowdmatrixEquity Crowdfunding PlatformONSite
Service ProviderCrowdrating.caCrowdsourced ratingsQCSite
PortalCrowdSurferGeneralABSite
Service ProviderCurexeSend and Receive Funds GloballyONSite
Service ProviderDonorhutWhite label fundraising software for charities and non-profitsMBSite
Service ProviderEquibit GroupBlockchain solutions for the securities industryONSite
PortalFan.siSubscription-based crowdfunding for musicians and fansONSite
PortalFANPUSHMusic & EntertainmentBCSite
Service ProviderFinTech Growth SyndicateBusiness AcceleratorONSite
PortalFlipgiveCrowdfunding for non-profits through product sales & donationsONSite
Equity PortalForegrowthInstitutional Quality InvestmentsONSite
Equity PortalFrontFundrOnline Investment PlatformBCSite
Service ProviderFundicaCrowdsourced access to grants, tax credits, loans and equity fundingQCSite
Equity PortalFundingNomadCrowdfunding for Entertainment, Media and Real Estate InvestmentONSite
PortalFundoCrowdfundingQCSite
PortalFundRazrRewards and cause based crowdfundingBCSite
Lending PortalFundThroughSmall Business LoansONSite
PortalFutureFunder.caCarleton UniversityONSite
PortalGiveffectCrowdfunding for CharitiesONSite
Service ProviderGlobal Blockchain TechnologiesPublic Investment fund focused on blockchainONSite
Equity PortalGotrooEquity Crowdfunding PlatformQCSite
Service ProviderGrowDigital Banking Solutions for Financial InstitutionsBCSite
PortalHaricotGeneral purposeQCSite
PortalHeroXCrowdsourcing global solutions and crowdfunding incentive prizesBCSite
Equity PortalHomeboundInvest in Crowdfunded Real Estate Properties (beta)ONSite
Service ProviderIgnitionDeckWordpress Crowdfunding PluginABSite
Service ProviderIntegral TransferShare Transfer AgencyONSite
PortalInvest Local BCCommunity Futures Stuart NechakoBCSite
Equity PortalInvestXPrivate equity for every investorBCSite
Service ProviderKatipultWhite Label Crowdfunding SoftwareABSite
Service ProviderKreativ ThotzConcept development to retail market servicesONSite
PortalLa RucheProjects impacting Quebec City and surrounding areasQCSite
PortalLabfundrCrowdfunding for ScienceNSSite
PortalLaunchopolisFull service crowd ventureONSite
Lending PortalLendifiedSmall Business LoansONSite
Lending PortalLending LoopOnline Lending MarketplaceONSite
Lending PortalLendMartSmall business lending options serviceQCSite
PortalLendpoolCrowdfunding for projectsONSite
PortalLuevoCrowdfunding FashionONSite
PortalMake a ChampAthletes and Sporting OrganizationsQCSite
PortalMake Giving HappenCrowdfunding platform that is customizable to your brand and goalsONSite
Service ProviderMatterealizeProduct Design ConsultancyABSite
PortalMeatme.caFarm to table crowdfundingBCSite
Service ProviderMLG Blockchain ConsultingGlobal blockchain development and consulting firmONSite
PortalMy Class NeedsCanadian Classrooms K-12ONSite
Equity PortalNexusCrowdAccredited Investor CrowdfundingONSite
Service ProviderNiko / Nikola Tesla UniteNiko Coin EcosystemONSite
Equity PortalOpen AvenueReal Estate CrowdfundingONSite
PortalOpportunity International CanadaFunding individuals, groups and businesses that work to end povertyONSite
Equity PortalOptimize Capital MarketsPrivate placement for Accredited Investors and InstitutionsONSite
Service ProviderPegasus FintechICO Advisory ServicesONSite
PortalPicaticTicketing and Event ManagementONSite
Equity PortalPolymath NetworkBlockchain Securities (beta)ONSite
Lending PortalProgressaConsumer loans - helping Canadians build creditBCSite
PortalProject Her INCCrowdfunding for women entrepreneur owned & led businessesBCSite
PortalProjexityUrban Change ProjectsONSite
PortalPursuitCanadian AthletesNSSite
Equity PortalR2Online marketplace for Real Estate Debt/Equity Capital and InvestmentsONSite
Equity PortalRealStarterReal Estate Equity CrowdfundingQCSite
Service ProviderREMITRInternational Money Transfers for BusinessONSite
PortalRocketSecurity Token CrowdfundingBCSite
Service ProviderSeeding FactoryCrowdfunding Consulting and ManagementQCSite
PortalSeeds of ChangeMcGill University ProjectsONSite
Service ProviderSeedUps CanadaFundraising servicesABSite
PortalShareSpringCommunity Fundraising BCSite
PortalSmallchangefundGrassroots community projectsONSite
Service ProviderSmarter.loansLoan Directory for Any type of Loan or FinancingONSite
Equity PortalSVXSocial Venture Exchange for Impact Ventures, Funds and InvestorsONSite
PortalThe Funding PortalAccess to government grants, tax credits, accredited investors and private capitalONSite
Service ProviderThrinaciaDonation/reward-based White Label PlatformsBCSite
PortalTilt CanadaGroup paymentsONSite
Service ProviderTODA.NetworkFoundational Layer for Decentralized NetworksUSSite
Equity PortalTokenFunderBlockchain Crowdfunding. Initial Coin Offering (ICOs) *BetaONSite
Service ProviderTouchstone ServicesCrowdfunding Back officeONSite
PortalTrackieProfileCrowdfunding for track and field athletesONSite
Service ProviderTravelCoin FoundationTransforming the Travel IndustryUKSite
Service ProviderTravis SouthinCrowdfunding ResearchONSite
PortalTrend TrunkCreative crowdfunding for non-profits & charitiesONSite
PortalTruth North StrongNorthern Credit Union CommunitiesONSite
PortalUNU FundGeneral PurposeONSite
PortalUSEEDFor groups/organizations and programs at University of AlbertaABSite
Service ProviderVanbexGlobally recognized Blockchain consulting and expertiseBCSite
Lending PortalVaultCircleDigital Lending Investment Platform for Accredited InvestorsONSite
Equity PortalVestedEquity crowdfunding for startupsBCSite
PortalYoyomoloSocial fundraising platformQCSite

NCFA Jan 2018 resize - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better 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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World Economic Forum | Yuval Harari | Jan 24, 2020 Humanity faces three existential threats this century, warned historian Yuval Harari at Davos 2020. Technology risks dividing the world into wealthy elites and exploited "data colonies," he explained. "If you like the World Cup - you are already a globalist," he said, making the case for better cooperation to tackle the challenges. As we enter the third decade of the twenty-first Century, humanity faces so many issues and questions, that it is really hard to know what to focus on. So I would like to use the next twenty minutes to help us focus of all the different issues we face. Three problems pose existential challenges to our species. These three existential challenges are nuclear war, ecological collapse and technological disruption. We should focus on them. Now nuclear war and ecological collapse are already familiar threats, so let me spend some time explaining the less familiar threat posed by technological disruption. In Davos we hear so much about the enormous promises of technology – and these promises are certainly real. But technology might also disrupt human society and the very meaning of human life in numerous ways, ranging from the ...
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Verdict | Ellen Daniel | Jan 13, 2020 Open banking was first launched in January 2018 and received much attention from the financial community as the potential bringer of fintech disruption. The regulations require UK-regulated banks to share their customers’ financial data (with permission) with third party providers through the use of application programming interfaces (APIs) in order to make it easier for customers to access financial services and for TPPs to develop new products. Today marks open banking’s second anniversary and while it has impacted the financial landscape, prompting incumbent banks to adapt to innovation and opening up new opportunities in terms of consumer experience, some have argued that the regulation is yet to live up to expectations. See:  Open Banking in the UK: what’s happened so far Banks had until March 2019 to establish a “sandbox” environment that third party providers could access and use to test products and until June to make their APIs available to third parties, but many European banks have not adequately met key deadlines, stalling innovation. Although many traditional banks are now adhering to open banking regulations, more could be done to ensure that they also benefit from the new landscape in terms ...
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The New York Times | Ruchir Sharma | Jan 20, 2020 To outsiders, China may seem like a surveillance state. But tech has fueled growth and helped stave off recession. Landing in Shanghai recently, I found myself in the middle of a tech revolution remarkable in its sweep. The passport scanner automatically addresses visitors in their native tongues. Digital payment apps have replaced cash. Outsiders trying to use paper money get blank stares from store clerks. Nearby in the city of Hangzhou a prototype hotel called FlyZoo uses facial recognition to open doors, no keys required. Robots mix cocktails and provide room service. Farther south in Shenzhen, we flew the same drones that are already making e-commerce deliveries in rural China. Downtown traffic flowed smoothly, guided by synced stoplights and restrained by police cameras. Outside China, these technologies are seen as harbingers of an “automated authoritarianism,” using video cameras and facial recognition systems to thwart lawbreakers and a “citizen score” to rank citizens for political reliability. An advanced version has been deployed to counter unrest among Muslim Uighurs in the inland region of Xinjiang. But in China as a whole, surveys show that trust in technology is high, concern about ...
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TechCrunch | Danny Crichton | Jan 17, 2020 I talked yesterday about how VCs are just tired these days. Too many deals, too little time per deal, and constant hyper-competition with other VCs for the same equity. One founder friend of mine noted to me last night that he has already received inbound requests from more than 90 investors over the past year about his next round — and he’s not even (presumably) fundraising. “I may have missed a few,” he deadpans — and really, how could one not? All that frenetic activity, though, leads us to the paradox at the heart of 2020 venture capital: It’s the largest funds that are writing the earliest, smallest checks. That’s a paradox because big funds need big rounds to invest in. A billion-dollar fund can’t write 800 $1 million seed checks with dollars left over for management fees (well, they could, but that would be obnoxious and impossible to track). Instead, the usual pattern is that as a firm’s fund size grows, its managing partners increasingly move to later-stage rounds to be able to efficiently deploy that capital. So the $200 million fund that used to write $8 million Series As transforms ...
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NCFA and TFI | January 23, 2020 Strengthening Canada's fintech and financial reach through collaboration, competition and networking at FFCON20 TORONTO, ON / ACCESSWIRE / January 23, 2020 / The National Crowdfunding & Fintech Association of Canada (NCFA) and Toronto Finance International (TFI) announced today a collaborative partnership and the joint launch of the 2020 Fintech and Financing Conference and Expo (FFCON20) to be held in downtown Toronto on March 23-24, 2020. The theme for the 6th annual FFCON is RISE, reflecting the joint efforts of the two associations, NCFA and TFI, to build and increase the success and sustainability of Canada's fintech and financial sector. With finance and fintech touching virtually every business and entity of people's lives, FFCON draws national interest and global participation from high-growth startups and leading industry experts across a variety of disciplines and backgrounds. You will find fintech entrepreneurs from across all fintech sectors including digital banking, peer to peer finance, AI, capital markets, wealth management, payments, crypto and blockchain along with innovative financial institutions, investors, regulators, government and major industry stakeholders, all in one place. FFCON facilitates thought-provoking and relevant discussions, lively debates and personal networking for the cross-pollination of ideas and experiences ...
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Wealthsimple | Press Release | Jan 21, 2020 Wealthsimple Cash offers 2.4% interest rate and lets Canadians save and spend through a mobile app and metal card TORONTO, Jan. 21, 2020 /CNW/ - Wealthsimple has launched its first hybrid saving and spending product: Wealthsimple Cash. The new account offers users the ability to save and spend with one of Canada's highest non-promotional interest rates of 2.4% - in addition to a host of features that help people earn more on every dollar in their Cash account. Wealthsimple Cash combines a saving and spending account to give Canadians the power to have both an account that allows for everyday purchases while also providing a safe place to grow their money. Cash clients will benefit from no monthly account fees, no low balance fees, no foreign transaction fees worldwide, and ATM fee reimbursements - all through a sleek, metal card designed to make spending responsibly easy. "Canadians are used to the status quo when it comes to everyday banking - multiple accounts, high fees and low interest," said Michael Katchen, CEO and co-founder, Wealthsimple. "With Wealthsimple Cash, users can enjoy the power of a high interest savings account for all of their day-to-day spending needs ...
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Investment Executive | James Langton | Jan 21, 2020 Grant Vingoe will take over as acting chair following Jensen’s departure on April 15 Maureen Jensen, the head of Canada’s largest securities regulator, is stepping down as chair and CEO of the Ontario Securities Commission (OSC) 10 months early. The OSC announced that Jensen will leave the helm of the commission on April 15. She has headed the OSC since 2016, and was reappointed to a second term that began in 2018 and was to run until February 2021. OSC vice chair Grant Vingoe will take over as acting chair in April. Prior to becoming head of the OSC and its first female chair, Jensen was executive director and chief administrative officer of the commission from 2011 to 2016. “It has been an honour to serve Ontario investors and market participants,” Jensen said in a statement. “These past nine years have been the most meaningful in my career. I have enjoyed every moment working alongside my respected colleagues and leadership team, and contributing to Ontario’s vibrant, healthy and internationally recognized capital markets.” As head of the OSC, Jensen championed improved retail investor protection. That effort culminated most recently with the adoption ...
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McKinsey & Company | By Martin Dewhurst and Paul Willmott | Sep 2014 As artificial intelligence takes hold, what will it take to be an effective executive? What would it take for algorithms to take over the C-suite? And what will be senior leaders’ most important contributions if they do? Our answers to these admittedly speculative questions rest on our work with senior leaders in a range of industries, particularly those on the vanguard of the big data and advanced-analytics revolution. We have also worked extensively alongside executives who have been experimenting most actively with opening up their companies and decision-making processes through crowdsourcing and social platforms within and across organizational boundaries. See:  The Enterprise Automation Imperative—Why Modern Societies Will Need All the Productivity They Can Get Our argument is simple: the advances of brilliant machines will astound us, but they will transform the lives of senior executives only if managerial advances enable them to. There’s still a great deal of work to be done to create data sets worthy of the most intelligent machines and their burgeoning decision-making potential. On top of that, there’s a need for senior leaders to “let go” in ways that run counter to a ...
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FT Partners | Jan 2020 Executive Summary: The banking sector is experiencing a major shift globally, as Challenger Banks are becoming increasingly formidable competitors to traditional banks and have begun to capture significant market share. Furthermore, the lines between banks and other consumer financial services providers are blurring, with several alternative lenders and robo-advisors beginning to offer banking products to their customers. E-commerce / internet giants are also jumping into the fray with Google and Amazon, among others, beginning to offer banking products. In response to the emergence of Challenger Banks, a number of incumbent banks have launched their own FinTech brands, and traditional financial institutions will likely turn to FinTech solution providers in order to defend their turfs. Download this Jan 2020 FT Partners Fintech research (216 page PDF) -> Now 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 ...
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South China Morning Post | Enoch Yiu  | Jan 13, 2020 Hong Kong residents can expect to benefit from cheaper and better banking services with the launch of more virtual banks this year, according to high-profile speakers at the Asian Financial Forum. Their comments came as it was revealed the Hong Kong Monetary Authority has hit an important milestone in its efforts to promote financial technology (fintech). Half the population of the city has now signed up to its Faster Payment System, which enables the free transfer of money between bank accounts via mobile phone. The development shows Hong Kong is moving quickly into a new era of branchless banking, a shift that brings up challenges for traditional lenders which must innovate to cope with the competition, said officials at the annual conference held by the Hong Kong government. “The Faster Payment System is an important move for the city to develop its fintech. The system has been very popular with the Hong Kong public,” said James Lau, Secretary for Financial Services and the Treasury during a panel discussion at the forum on Monday. See:  Banks have lost a quarter of the payments franchise to new players Hong Kong being ...
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Kickstarter accused of union-busting after firing workers

BBC | Sep 16, 2019

kickstarter acused of unionbusting - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the BetterKickstarter has been accused of "union-busting" after firing three employees.

Taylor Moore, the company's head of comedy and podcasts, tweeted that he and another employee were fired on Thursday, while tech and design lead Clarissa Redwine was fired last week.

All three were heavily involved in the formation of a Kickstarter union this year, Mr Moore added.

Kickstarter confirmed the employees were fired, but denied that it was because of their union activity.

Mr Moore tweeted that he had worked at the company for six years.

He said that when Kickstarter fired him they "offered me no real reasons, but one month's severance for signing an NDA" - a non-disclosure agreement. "I will not be signing it."

"The union busting campaign that Kickstarter management is engaging in is illegal and wrong," he added. "It is an unforgivable abandonment of the values of an organisation that I have loved and served with my whole heart."

Ms Redwine also tweeted at the company, saying: "I will not be signing your termination agreement containing a non-disparagement clause. You can keep my severance."

See:  A Digitized Staff Compliance Platform is a Must-Have

She added: "Kickstarter's management continues to state that I was fired for performance issues. I find this strange because I not only met but exceeded all performance metrics in Q2. I was great at my job. And I loved it."

In a statement sent to the BBC, Kickstarter said Mr Moore and Ms Redwine were fired for performance reasons, and not because of their union organising. The third employee's role was eliminated from the company.

Continue to the full article --> here


NCFA Jan 2018 resize - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better 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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Regulation Crowdfunding Surpasses $250,000,000 in Commitments The Model is Working but its Potential is Much Greater

Crowdfund Capital Advisors | Sherwood 'Woodie' Neiss | Aug 7 ,2019

RegCF - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the BetterIt has been just over 3 years since Regulation Crowdfunding (Reg CF) went into effect and most recently the industry surpassed a quarter of a billion dollars in commitments. Since inception over 1,800 companies in cities all across the United States have filed to raise money under Regulation Crowdfunding. Over 271,000 investors, most of which are friends, followers or customers of these businesses have made commitments to start, scale or expand operations.

The average raise stands around $237,000 which firmly addresses the Valley of Death[1] issue. Most of the successful companies are raising funds in less than 90 days which is far faster than other forms of financing like Venture Capital or Bank Loans. There’s been no fraud or Wild West as opponents had claimed.

“Essentially we built a financing mechanism which is doing exactly what we said it would,” said Sherwood Neiss Principal at Crowdfund Capital Advisors (CCA) “We’re funding local businesses with a vested group of local investors that is creating local jobs and powering local economies.”

Regulation Crowdfunding began on May 16, 2016. It allows any startup or small business to raise up to $1,070,000 online from family, friends and followers (accredited or not) provided issuers use an online investment platform that is registered with the Securities and Exchange Commission (SEC) and disclose information about their company and financial wellbeing.

See:  The SEC Publishes Report on Reg CF: “The number of crowdfunding offerings as well as the total amount of funding during the considered period was relatively modest”

Since the industry began, Crowdfund Capital Advisors has been collecting information on every offering in its CCLEAR Database. CCLEAR is the leading Regulation Crowdfunding database that collects, cleans, aggregates and reports on all companies seeking funds via Regulation Crowdfunding as well as those doing parallel 506(c) offerings[2]. This information includes financial performance, security offering, valuation, industry, daily commitments and number of investors. The information is summarized and published on a daily basis on the CCLEAR Regulation Crowdfunding dashboard.

Here are some key data trends:

  • Capital commitments – From FY17[3] to FY18 capital commitments increased 178% from $45.7M to $81.1M. The second full FY of Reg CF saw capital commitments increase 139% to $113M. Total capital commitments to date is over $250M.
  • Issuers – During the same period the number of companies seeking to raise funds increased 187% from 317 to 592 and 137% to 810 in FY19. Total issuers to date is over 1,800.
  • Investors – The number of individual investors grew from 44.5k in FY17 to 92.6K in FY18 to 117.8K in FY19. Total investors to date is over 270,000.

“No matter how you look at it, there’s been an impressive growth of at least 250% in 2 years,” says Neiss. “If we extrapolate out over the next 2 years, we estimate that over 3,400 companies across the United States will receive half a billion dollars by over half a million investors.”

CCLEAR captures a maximum of 56 different industries from Advertising and Marketing, to Healthcare and Utilities. During the first fiscal year there were 44 industries represented. That number increased to 47 last fiscal year. While application software, alcoholic beverages, business services, consumer packaged goods, entertainment, personal services and restaurants were the most common industries seeking funds, financial services, business services, employment services and retail saw the greatest increase in offerings between the first and third fiscal years.

“The wide representation of so many industries speaks to the broad appeal of regulation crowdfunding to both companies seeking and investors looking to deploy capital,” says Neiss. “No matter what industry you are in, if you have an engaged group of customers that could be investors, Regulation Crowdfunding is something you should explore.”

Companies in 48 of the 50 States have registered to raise funds via Reg CF.

See:  OurCrowd Double IPO Success Provides Crowdfunding Validation

From an employment perspective, the data shows that Reg CF continues to sustain and support local jobs. In the first fiscal year over 1,482 jobs were supported. This grew by another 3,150 in the second fiscal year and another 4,448 in the third.

“Collectively almost 10,000 jobs have been supported around the United States since the launch of Regulation Crowdfunding,” says Neiss.

“We expect this number to grow by another 10,000 in the next 2 years. 20,000 jobs means 20,000 people employed by local businesses and reinvesting their income back into these communities through mortgage payments, groceries, dining out, education and more. This is how we support local economies. And we are doing it despite the current $1M cap on company raises. Imagine what we could do if we increased these caps from $1M to $5M, $10M or $20M? It is easy to see how we could increase this from 20,000 to 200,000 jobs.”

While not all Regulation Crowdfunding companies are revenue generating those that are had over $400M of Revenue in their most recent fiscal year.

“Given that the majority of these firms are growing and reinvesting their earnings, you can only imagine the multiplier effect that this has on local economies,” says Neiss. “Businesses are reinvesting into their local economies by purchasing goods and services to support them and hiring employees. And employees are using their paychecks to support themselves. Together we estimate they are pouring close to a billion dollars into local economies.”

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NCFA Jan 2018 resize - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better 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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Early-stage Investing – The Public gets a Seat at the Table

FrontFundr | Peter-Paul Van Hoeken | June 12, 2019

public seat at table 300x172 - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the BetterTraditionally, only a small group of investors, angel investors and other venture capitalists, have had access to investment opportunities in startups and growth companies. The public has been locked out from investing in startups.

Investments in early-stage companies are typically high-risk. That is why early-stage investors typically invest in a portfolio of at least 10-20 companies.  Those companies that are successful will realize exponential - ‘hockeystick’- growth and deliver huge returns for investors. The success of these companies can usually be attributed to the general public buying products and services from these companies. The same public that has had no access to investing in these companies and share in their success.

The public has been locked out from investing in startups.

Digital technology has been a significant enabler in creating online market places, such as Amazon and Shopify. These market places have dramatically increased access to products and services for every consumer and aggregated demand and supply supporting efficient price discovery that benefits all market participants.

See:  [Report] A New North Star: Canadian Competitiveness in an Intangibles Economy

Why not apply the same digital technologies to connect private companies with the wider potential investor community supporting the entire process from discovery of investment opportunities to completion of investment transactions?

Welcome to the new venture capital market – The democratization of investing in early-stage companies where everyone, regardless of how deep their pockets are, can invest in companies they believe in. Investing online in private companies a.k.a. investment crowdfunding or equity crowdfunding. Anyone could become a shareholder of a company for minimum investment as low as $500, enabling the wider investor community to make multiple investments and diversify risk even with a relatively smaller sized investment portfolio.

Investment crowdfunding offers early-stage companies the opportunity to raise capital from the public - The same public that may be the early (and future) customers of these emerging companies. With investment crowdfunding, the public has taken a seat at the early-stage investing table and brought a large pool of available capital.

Investment Crowdfunding could unlock $2.5 billion per year in Canada for in early-stage companies

We estimate that in Canada $2.5 billion per annum of total financial assets held by Canadians could be directed towards investments in early stage companies. This figure is based on a conservative assumption that 1.8% of total financial assets would be directed towards investment in the private markets. $2.5 billion is a significant pool of capital in comparison to $162 million invested in Canadian startups by angel investor and $3.4 billion investments in Canadian startups and growth companies by venture capital and private equity firms in 2017.[1]

Investment crowdfunding can also help address the challenge for early stage companies to attract capital. Startup Genome published its Global Startup Ecosystem Report 2019[2] on May 9th, ranking the top startup ecosystems in the world. No surprise Silicon Valley takes the first place. Toronto-Waterloo ranked 13th, up three spots from last year.

See:  $5 million Equity crowdfunding extended to private companies

Vancouver tumbled nine places from last year and ranked 24th. The report mentions that Vancouver as one of the top global ecosystems is hindered by a gap in early-stage funding, $320 million million in the period 2016 to first half 2018 compared to the worldwide average of $1.1 billion.

Investment Crowdfunding is democratizing the venture capital market

Montreal in 49th spot (down 15 places) $600 million went towards early-stage funding. However, even in the Toronto-Waterloo corridor, early-stage funding in startups is relatively low in comparison to its 13th place ranking with US$1.1 billion in 2016 to H1 2018.

Startup Genome ranked London (U.K.) as the 4th global ecosystem for early-stage funding with $4.3 billion in 2016 to H1 2018. EU-Startups highlights London’s exceptional access to venture capital funds, angel investors, crowdfunding platforms, banks and other financial possibilities.[3]

In the U.K., where investment crowdfunding has been around for nearly ten years, it has gone mainstream and is now an integral part of the startup funding ecosystem.

High growth entrepreneurship is key to Canada’s future economic success. Early stage companies drive innovation, economic growth, jobs and wealth creation. We need to help get these startups and growth companies to access the finance they need to grow and thrive. As we have seen in other countries like the U.K., investment crowdfunding can help expand the early-stage capital pool. Moreover, it goes further than helping early-stage companies get funding, investment crowdfunding also enables the public to share the risks and returns on venture capital investments jointly.

See:  Architecting a New World: Investment Crowdfunding and Digital Assets

Investment crowdfunding has the potential to unlock a large pool of capital from the public and empowers everyone to invest in companies they believe in and share risks plus returns. Also in Canada, investment crowdfunding is poised to become integral to the venture capital market. Together we can make that happen.

Peter Paul van hoeken - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the BetterPeter-Paul Van Hoeken is founder and CEO of FrontFundr, a Canadian investment crowdfunding platform. He is a director of the Private Capital Markets Association Canada (PCMA), Advisor to the National Crowdfunding and Fintech Association Canada (NCFA) and member of the Ontario Securities Commission Launchpad Fintech Advisory Committee.

[1] Statistics Canada (2019), Canadian Venture Capital Association, CVCA (2019), National Angel and Capital Organization Canada, NACO (2017), FrontFundr Team Analysis (2019)

[2] Startup Genome (2019), Global Startup Ecosystem Report 2019

[3] EU-Startups (2018), London’s startup ecosystem at a glance (November 20, 2018)

 


NCFA Jan 2018 resize - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better 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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TokenFunder announces Canada’s first Security Token Exempt Market Dealer

tokenfunder_first_token_EMD

TokenFunder Release | Alan Wunsche | April 22, 2019

TokenFunder has completed an important regulatory milestone of establishing TokenGX as Canada’s first registered Exempt Market Dealer with approval to issue digital securities using the TokenFunder security token issuance and investing platform.

TokenGX has been registered as Canada’s first Exempt Market Dealer (EMD) under the Canadian Securities Administrators (CSA) Regulatory Sandbox initiative and the OSC LaunchPad, with permission to issue digital securities on a public blockchain. (https://osc.gov.on.ca/en/Dealers_registrant-search_index.htm)

TokenFunder CEO Alan Wunsche says, “We are excited to establish TokenGX as Canada’s first Security Token Exempt Market Dealer. We knew earning this first-of-its-kind digital security token EMD registration in Canada wouldn’t be an overnight process – in fact, it was two years of design, development and iteration, working closely with the OSC LaunchPad and Canadian regulators to make this happen in a way that leverages our technology and puts investors first.”

Wunsche continued, “With this new EMD registration, we can provide an accessible, regulatory-compliant path for Canadians to invest in private Canadian companies. Our unique ability to execute Initial Token Offerings (ITOs) will help fund high-potential startups, scaleups and mature businesses raising capital by making them available to everyone. Retail investors will now have wealth-building opportunities previously only available to wealthy (accredited) investors.”

The TokenFunder Smart Token Asset Management Platform (STAMP) streamlines an automated Know-Your-Client (KYC) investor onboarding experience, enabling everyone to invest in accordance with up-to-date prospectus exemptions relevant to the issuing company. With efficient, blockchain-powered, record-of-ownership tracking built into the platform, investors will see their holdings and investor communications in a unified view on the platform’s portfolio dashboard. The platform’s investor relationship management services changes the landscape of today’s transactional offerings with longer term benefits for company issuers.

Related:

OSC approves first ICO in Ontario to TokenFunder

FINTECH FRIDAY$ (EP.19-Nov 23): Future of Business Tokenization – How Blockchain Challenges Concept of Money with Alan Wunsche, Founder and CEO, Token Funder

Wunsche added, “This begins with capital but there’s much more to the story. With many social, environmental and technological changes happening in the world today, people want investing opportunities that make a difference. We’re purpose-driven to offering everyday people impact investing and wealth-building opportunities that align with their values. Taking this path wasn’t easy but we’re excited about the democratization of investing opportunities in Canada, helping Canadians make an impact. As the number of offerings on the platform grows, this will enable liquidity and trading among investors not previously possible — we see this as the future of new digital asset marketplaces. This approval is an important step in our journey of offering a regulatory-compliant and efficient investing experience, so that everyone from accredited investors to loyal customers who want to become owners can participate, invest and make a difference.”

Contact us to fund your impact and reward your customers   
Companies seeking to fund their growing impact or reward their loyal customer base with ownership opportunities are invited to contact info@tokenfunder.com to receive further details about raising capital on the platform.

Source:  TokenFunder release

 


NCFA Jan 2018 resize - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better 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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World Economic Forum | Yuval Harari | Jan 24, 2020 Humanity faces three existential threats this century, warned historian Yuval Harari at Davos 2020. Technology risks dividing the world into wealthy elites and exploited "data colonies," he explained. "If you like the World Cup - you are already a globalist," he said, making the case for better cooperation to tackle the challenges. As we enter the third decade of the twenty-first Century, humanity faces so many issues and questions, that it is really hard to know what to focus on. So I would like to use the next twenty minutes to help us focus of all the different issues we face. Three problems pose existential challenges to our species. These three existential challenges are nuclear war, ecological collapse and technological disruption. We should focus on them. Now nuclear war and ecological collapse are already familiar threats, so let me spend some time explaining the less familiar threat posed by technological disruption. In Davos we hear so much about the enormous promises of technology – and these promises are certainly real. But technology might also disrupt human society and the very meaning of human life in numerous ways, ranging from the ...
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Verdict | Ellen Daniel | Jan 13, 2020 Open banking was first launched in January 2018 and received much attention from the financial community as the potential bringer of fintech disruption. The regulations require UK-regulated banks to share their customers’ financial data (with permission) with third party providers through the use of application programming interfaces (APIs) in order to make it easier for customers to access financial services and for TPPs to develop new products. Today marks open banking’s second anniversary and while it has impacted the financial landscape, prompting incumbent banks to adapt to innovation and opening up new opportunities in terms of consumer experience, some have argued that the regulation is yet to live up to expectations. See:  Open Banking in the UK: what’s happened so far Banks had until March 2019 to establish a “sandbox” environment that third party providers could access and use to test products and until June to make their APIs available to third parties, but many European banks have not adequately met key deadlines, stalling innovation. Although many traditional banks are now adhering to open banking regulations, more could be done to ensure that they also benefit from the new landscape in terms ...
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The New York Times | Ruchir Sharma | Jan 20, 2020 To outsiders, China may seem like a surveillance state. But tech has fueled growth and helped stave off recession. Landing in Shanghai recently, I found myself in the middle of a tech revolution remarkable in its sweep. The passport scanner automatically addresses visitors in their native tongues. Digital payment apps have replaced cash. Outsiders trying to use paper money get blank stares from store clerks. Nearby in the city of Hangzhou a prototype hotel called FlyZoo uses facial recognition to open doors, no keys required. Robots mix cocktails and provide room service. Farther south in Shenzhen, we flew the same drones that are already making e-commerce deliveries in rural China. Downtown traffic flowed smoothly, guided by synced stoplights and restrained by police cameras. Outside China, these technologies are seen as harbingers of an “automated authoritarianism,” using video cameras and facial recognition systems to thwart lawbreakers and a “citizen score” to rank citizens for political reliability. An advanced version has been deployed to counter unrest among Muslim Uighurs in the inland region of Xinjiang. But in China as a whole, surveys show that trust in technology is high, concern about ...
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TechCrunch | Danny Crichton | Jan 17, 2020 I talked yesterday about how VCs are just tired these days. Too many deals, too little time per deal, and constant hyper-competition with other VCs for the same equity. One founder friend of mine noted to me last night that he has already received inbound requests from more than 90 investors over the past year about his next round — and he’s not even (presumably) fundraising. “I may have missed a few,” he deadpans — and really, how could one not? All that frenetic activity, though, leads us to the paradox at the heart of 2020 venture capital: It’s the largest funds that are writing the earliest, smallest checks. That’s a paradox because big funds need big rounds to invest in. A billion-dollar fund can’t write 800 $1 million seed checks with dollars left over for management fees (well, they could, but that would be obnoxious and impossible to track). Instead, the usual pattern is that as a firm’s fund size grows, its managing partners increasingly move to later-stage rounds to be able to efficiently deploy that capital. So the $200 million fund that used to write $8 million Series As transforms ...
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NCFA and TFI | January 23, 2020 Strengthening Canada's fintech and financial reach through collaboration, competition and networking at FFCON20 TORONTO, ON / ACCESSWIRE / January 23, 2020 / The National Crowdfunding & Fintech Association of Canada (NCFA) and Toronto Finance International (TFI) announced today a collaborative partnership and the joint launch of the 2020 Fintech and Financing Conference and Expo (FFCON20) to be held in downtown Toronto on March 23-24, 2020. The theme for the 6th annual FFCON is RISE, reflecting the joint efforts of the two associations, NCFA and TFI, to build and increase the success and sustainability of Canada's fintech and financial sector. With finance and fintech touching virtually every business and entity of people's lives, FFCON draws national interest and global participation from high-growth startups and leading industry experts across a variety of disciplines and backgrounds. You will find fintech entrepreneurs from across all fintech sectors including digital banking, peer to peer finance, AI, capital markets, wealth management, payments, crypto and blockchain along with innovative financial institutions, investors, regulators, government and major industry stakeholders, all in one place. FFCON facilitates thought-provoking and relevant discussions, lively debates and personal networking for the cross-pollination of ideas and experiences ...
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Wealthsimple | Press Release | Jan 21, 2020 Wealthsimple Cash offers 2.4% interest rate and lets Canadians save and spend through a mobile app and metal card TORONTO, Jan. 21, 2020 /CNW/ - Wealthsimple has launched its first hybrid saving and spending product: Wealthsimple Cash. The new account offers users the ability to save and spend with one of Canada's highest non-promotional interest rates of 2.4% - in addition to a host of features that help people earn more on every dollar in their Cash account. Wealthsimple Cash combines a saving and spending account to give Canadians the power to have both an account that allows for everyday purchases while also providing a safe place to grow their money. Cash clients will benefit from no monthly account fees, no low balance fees, no foreign transaction fees worldwide, and ATM fee reimbursements - all through a sleek, metal card designed to make spending responsibly easy. "Canadians are used to the status quo when it comes to everyday banking - multiple accounts, high fees and low interest," said Michael Katchen, CEO and co-founder, Wealthsimple. "With Wealthsimple Cash, users can enjoy the power of a high interest savings account for all of their day-to-day spending needs ...
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Investment Executive | James Langton | Jan 21, 2020 Grant Vingoe will take over as acting chair following Jensen’s departure on April 15 Maureen Jensen, the head of Canada’s largest securities regulator, is stepping down as chair and CEO of the Ontario Securities Commission (OSC) 10 months early. The OSC announced that Jensen will leave the helm of the commission on April 15. She has headed the OSC since 2016, and was reappointed to a second term that began in 2018 and was to run until February 2021. OSC vice chair Grant Vingoe will take over as acting chair in April. Prior to becoming head of the OSC and its first female chair, Jensen was executive director and chief administrative officer of the commission from 2011 to 2016. “It has been an honour to serve Ontario investors and market participants,” Jensen said in a statement. “These past nine years have been the most meaningful in my career. I have enjoyed every moment working alongside my respected colleagues and leadership team, and contributing to Ontario’s vibrant, healthy and internationally recognized capital markets.” As head of the OSC, Jensen championed improved retail investor protection. That effort culminated most recently with the adoption ...
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Maureen jenson osc - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better
McKinsey & Company | By Martin Dewhurst and Paul Willmott | Sep 2014 As artificial intelligence takes hold, what will it take to be an effective executive? What would it take for algorithms to take over the C-suite? And what will be senior leaders’ most important contributions if they do? Our answers to these admittedly speculative questions rest on our work with senior leaders in a range of industries, particularly those on the vanguard of the big data and advanced-analytics revolution. We have also worked extensively alongside executives who have been experimenting most actively with opening up their companies and decision-making processes through crowdsourcing and social platforms within and across organizational boundaries. See:  The Enterprise Automation Imperative—Why Modern Societies Will Need All the Productivity They Can Get Our argument is simple: the advances of brilliant machines will astound us, but they will transform the lives of senior executives only if managerial advances enable them to. There’s still a great deal of work to be done to create data sets worthy of the most intelligent machines and their burgeoning decision-making potential. On top of that, there’s a need for senior leaders to “let go” in ways that run counter to a ...
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Man vs machine - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better
FT Partners | Jan 2020 Executive Summary: The banking sector is experiencing a major shift globally, as Challenger Banks are becoming increasingly formidable competitors to traditional banks and have begun to capture significant market share. Furthermore, the lines between banks and other consumer financial services providers are blurring, with several alternative lenders and robo-advisors beginning to offer banking products to their customers. E-commerce / internet giants are also jumping into the fray with Google and Amazon, among others, beginning to offer banking products. In response to the emergence of Challenger Banks, a number of incumbent banks have launched their own FinTech brands, and traditional financial institutions will likely turn to FinTech solution providers in order to defend their turfs. Download this Jan 2020 FT Partners Fintech research (216 page PDF) -> Now 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 ...
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FTP rise of challenger banks research - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better
South China Morning Post | Enoch Yiu  | Jan 13, 2020 Hong Kong residents can expect to benefit from cheaper and better banking services with the launch of more virtual banks this year, according to high-profile speakers at the Asian Financial Forum. Their comments came as it was revealed the Hong Kong Monetary Authority has hit an important milestone in its efforts to promote financial technology (fintech). Half the population of the city has now signed up to its Faster Payment System, which enables the free transfer of money between bank accounts via mobile phone. The development shows Hong Kong is moving quickly into a new era of branchless banking, a shift that brings up challenges for traditional lenders which must innovate to cope with the competition, said officials at the annual conference held by the Hong Kong government. “The Faster Payment System is an important move for the city to develop its fintech. The system has been very popular with the Hong Kong public,” said James Lau, Secretary for Financial Services and the Treasury during a panel discussion at the forum on Monday. See:  Banks have lost a quarter of the payments franchise to new players Hong Kong being ...
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Faster payment system adoption grows in HK - NEO and Silver Maple Ventures Inc. Introduce DealSquare to Disrupt Canadian Private Markets for the Better