Karsten Wenzlaff, Advisor
August 26th, 2025
Seccl | Dan Marsh | Jun 24, 2021
It’s official: Crowdcube, the leading equity crowdfunding platform, has chosen Seccl to provide customers with seamless, API-based access to public markets, as it sets its sights on launching a Community IPO product later this year.
Having facilitated over £1 billion in crowdfunding investment campaigns since it launched ten years ago, Crowdcube is no stranger to democratising investments. Its Community IPO product is the next step in that journey, promising everyday retail investors an opportunity to get a piece of the IPO action.
As a result, the leading fintech will now be able to offer retail investors the most diverse set of equity investments anywhere in Europe, enabling investors to back businesses from start-up to IPO alongside VCs and institutions.
It’s a super exciting development, and we’re delighted our technology will help make possible. By integrating with our custody, trading and settlement APIs, Crowdcube will be able to build on its existing secondary marketplace – Cubex – to create a seamless all-in-one experience to power retail participation on a mass scale.
Despite all the hard work innovative fintechs like Crowdcube are doing to democratise investments, everyday retail investors are still getting left out when it comes to Initial Public Offerings (IPOs).. Now, Crowdcube want to change that – and we’re completely onboard.
As Sam Lawson, Crowdcube’s VP of Capital Markets, puts it: “We have real alignment with Seccl on our vision to disrupt public markets, at first allowing retail investors fair access to IPOs. Together we have the right technology to include retail investors in a seamless and customisable way.
“The quality of Seccl’s team and solution is exactly what we need as we embark on our next step to democratise primary investment in the public markets, and double down on our mission of supporting entrepreneurs, from inception to IPO.”
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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Liquid Avatar Technologies | Cara Buckspan | Aug 11, 2021
New Technology from Liquid Avatar Provides Digital Verifiable Credentials for Covid-19 TestingToronto, Canada - TheNewswire - August 11, 2021 -Liquid Avatar Technologies Inc. (CSE:LQID) / (OTC:LQAVF) / FRA:4T51) / (CNSX:LQID.CN) Liquid Avatar Technologies, a global blockchain, digital identity and fintech solutions company, today announces that the Liquid Avatar Verifiable Credential Ecosystem (“LAVCE”) available as a first Canadian effort, and an early global leader, to provide true blockchain-enabled, W3C compliant, digital identity-verified COVID-19 testing confirmation with Ontario licensed laboratory healthcare verification organization, Vector Laboratories (“Vector Labs”).
LAVCE enables people to share the results of a COVID test in a way that preserves their privacy and prevents fraud. The LAVCE platform can be integrated with healthcare facilities, testing labs, government agencies, schools, sports arenas, transportation, trade shows, and workplaces to confirm health status and assist efforts to reduce new outbreaks.
“We all need to find a safe way through the pandemic together,” said David Lucatch, CEO—Liquid Avatar Technologies Inc., “one that works for people by respecting their privacy, and one that works for government, healthcare, and business by providing the trust and certainty that a test result or vaccination is valid.”
“Decentralized identity is the safest way forward for proving any kind of test result: It’s easy to implement, easy to use, and flexible to accommodate any situation, including the need for repeated testing and updated standards and rules,” said Lucatch, “It’s also a privacy and security gamechanger, because there’s no need for a third party to access private health data to prove a test result is valid and from a trusted source. That’s huge. That solves the compliance problem"
We have worked diligently to develop this solution with licensed health care testing laboratories, companies, partners, and organizations that are at the forefront of the data privacy revolution, and we’re excited to be the first to give Canadians a technology that will serve their needs and help to support people getting back to their normal lives and beyond.”
While this solution has a wide range of commercial, government and healthcare applications, Liquid Avatar Technologies is first launching this initiative in partnership with Vector Labs, a leading health verification organization. LAVCE will use Vector Labs’ flagship product, Vector Perimeter System, to deliver state-of-the-art technologies that enable people to monitor their health in real time, and digital identity software co-developed with Indicio.tech, a global leader in decentralized identity networks and software.
LAVCE will provide people with digitally verifiable COVID test credentials that they use to prove their test results as needed to travel, enter facilities, and even support vaccination credentials. These are kept secure and safe through facial recognition and other future biometric controls inside a downloadable digital wallet app.
LAVCE’s verifiable credentials will be supported by the Indicio Network, a global blockchain network for decentralized identity services, of which Liquid Avatar Technologies is a founding member. This technology can also provide a template for managing vaccination records and it aligns with the Good Health Pass initiative, which Liquid Avatar Technologies is also a member, to provide common standards for interoperability across different jurisdictions.
“Vector Labs is committed to supporting all levels of government and industry for the healthy return to everyday activities,” said Rob Godfrey, President and CEO of Vector Labs.
“Working with Liquid Avatar Technologies and the implementation of digital wallets and verifiable credentials for COVID-19 through the LAVCE enables Vector Labs to support public safety, trust and privacy.”
“Liquid Avatar’s position as a driver of technology innovation and Vector Health’s leadership makes them a natural partner for us,” said Heather Dahl, Indicio’s CEO. “We share a vision that is rooted in the ‘build’ philosophy. All of our companies believe strongly that this deployment of a verifiable credential ecosystem will deliver immediate support to those businesses and communities recovering from the pandemic while helping keep people safe.”
Both Liquid Avatar Technologies and Indicio are founding and steering committee members of Cardea, a Linux Foundation Public Health initiative to promote secure, privacy-preserving sharing of health status data in an interoperable way. By adhering to standard schemas and protocols, it allows those using the LAVCE to present health status credentials to those organizations around the world who also support Cardea and its partners.
For health credential holders, the Company offers users its unique mobile app for users to create their own digital wallet, and to manage and control their personal data at no cost. Through a simple but rigorous process that includes biometric and traditional identity validation solutions, users can access a verifiable credential issued to them and use credentials for a host of activities. The Liquid Avatar Mobile App launched in February 2020 and based on user feedback, an updated version of the Liquid Avatar mobile app is in development and is expected to launch in September.
For credential issuers and verifiers, the LAVCE platform is available via a cost-effective SaaS subscription, creating an affordable and easy way to implement solutions to support the issuance and verification of digital health and other verifiable credentials. The Company is in discussion with a wide range of organizations about possible future implementations.
To encourage future adoption, Liquid Avatar will also offer a software development kit (SDK) for both iOS and Android that can be embedded in, and power apps corporate and government portals, and other solutions to make it possible for all types of organizations to support digital wallets and verifiable credentials easily and effectively.
“In many ways, the idea of decentralized identity is very socially responsible,” said Lucatch. It’s about coming together as a community to solve common problems in a commonsense way that respects everyone. It’s about consent, fairness, privacy, and protection. We’re proud to part of emerging solutions that supports the great work done by government, industry, the scientific community, healthcare and frontline workers as we are challenged by a changing health environment.”
View: original release
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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Interac Corp. | Release | Aug 4, 2021

TORONTO, Aug. 4, 2021 /CNW/ - Today, Interac Corp., with the support of 13 leading Canadian financial institutions, is launching Interac e-Transfer for Business, an innovative solution that builds on the widespread adoption of the Interac e-Transfer service. The solution enables real-time digital payments to personal and commercial bank accounts with confirmation of funds received within seconds.
With more than eight in 10 (83 per cent) business leaders calling for new commercial payment products as part of their post-pandemic digital transformation, according to recent research from Interac1, this allows Canadian businesses to send and receive payments faster and more efficiently than ever before from the safety and security of their financial institution. Businesses are still reliant on cheques, with over 389 million commercial cheques in market in 2019 representing an average value of $9,000 each2. With higher limits of up to $25,000, Interac e-Transfer for Business transactions have the potential to displace upwards of 200 million of these cheques3.
"The launch of Interac e-Transfer for Business in collaboration with Canada's banking and credit union community marks a milestone in the modernization of Canadian payments and provides a timely solution as businesses embrace financial transformation to aid their recovery and growth plans," said William Keliehor, Chief Commercial Officer at Interac. "It reflects an increasing focus from Interac on the commercial market as we respond to the accelerating need for secure, data-rich, real-time business payments, made especially evident during the pandemic."
Despite the challenges of COVID-19, the Interac commercial payments research shows that business respondents are optimistic about recovery with 8 in 10 (82 per cent) aspiring to grow over the next two years. Within this period, 83 per cent of finance professionals surveyed say applying digital transformation to their function is a priority. The majority (77 per cent) want their finance team to spend less time on transactional processes and more time on higher value-add functions.
Interac e-Transfer for Business makes this possible by alleviating the need to follow up with suppliers as payment confirmation is provided within seconds, while also reducing time consuming manual reconciliation processes through data-rich payments. With higher transactional limits of up to $25,000 and flexible payment routing options, this solution gives commercial users more choice, a higher level of efficiency and control in managing receivables and cash flow. Users will also have the added flexibility of sending funds directly to account numbers they have on record, in addition to traditional Interac e-Transfer payment routing options of an email address or mobile number.
The applications of Interac e-Transfer for Business also span multiple industries and business sizes. A small business owner can use the solution to pay employees while spending less time on administration, a franchise can facilitate just-in-time vendor payments, while an insurance company can leverage it to distribute claims with funds received and available for use within seconds.
Working with Interac, over 90 per cent of Canada's financial institution market share is able to receive real-time, data-rich transactions. Leading Canadian financial institutions such as ATB Financial, BMO Financial Group, CIBC, Desjardins Group, HSBC Bank Canada, Manulife Bank of Canada, National Bank of Canada, Peoples Trust Company, Royal Bank of Canada, Scotiabank, TD Bank Group and Canada's Credit unions including Meridian, First West and Vancity, are enabling this functionality for their customers. Depending on the customer segment, BMO Financial Group, CIBC, Peoples Trust Company, Royal Bank of Canada and Scotiabank are enabling the ability to initiate these transactions. Many more financial institutions are anticipated to enable these capabilities for their customers over the coming months.
The launch of this solution by Interac builds on a track record of delivering made-in-Canada innovation at scale over many decades. The company connects nearly 300 financial institutions and collaborates within the payments ecosystem to deliver transformative products that meet the evolving needs of Canadians.
As recently announced, Interac is working with Payments Canada as the exchange solution provider for the country's new Real-Time Rail (RTR), a new real-time payments system. Once the RTR is live, Interac e-Transfer for Business payments will utilize the new RTR exchange for processing.
In August 2020, Interac e-Transfer was designated a prominent payment system under the Payment Clearing and Settlement Act. Interac e-Transfer for Business is the first significant change for the service following this designation.
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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Visa | Jennifer Scardino | Jul 22, 2021
LONDON & SAN FRANCISCO--(BUSINESS WIRE)--Jul. 22, 2021-- Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments. The acquisition builds on an existing strategic partnership between the two companies and values Currencycloud at £700 million, inclusive of cash and retention incentives. The financial consideration will be reduced by the outstanding equity of Currencycloud that Visa already owns.
Currencycloud’s cloud-based platform offers a broad set of APIs enabling banks and financial services providers to offer currency exchange services, including real-time notifications on foreign exchange transactions, multi-currency wallets, and virtual account management. The Currencycloud platform supports nearly 500 banking and technology clients with reach in over 180 countries.
Currencycloud will strengthen Visa’s existing foreign exchange capabilities by extending them to better serve financial institutions, fintechs and partners while enabling new use cases and payment flows. Currencycloud will accelerate the time-to-market and improve payment transparency for clients looking to offer flexible, digital-first, international payment services that provide better visibility and control to consumers and businesses around the world.
Cross-border payments have seen significant growth due to rising demand from businesses of all sizes to engage in international trade. A recent study revealed that 43% of all small businesses conducted international trade in 2020.1 The addition of Currencycloud’s capabilities to Visa’s network will widen access to innovative international payment products that help businesses meet their cross-border needs.
“The acquisition of Currencycloud is another example of Visa executing on our network of networks strategy to facilitate global money movement,” saidColleen Ostrowski, Visa’s Global Treasurer. “Consumers and businesses increasingly expect transparency, speed and simplicity when making or receiving international payments. With our acquisition of Currencycloud, we can support our clients and partners to further reduce the pain points of cross-border payments and develop great user experiences for their customers.”
“At Currencycloud, we’ve always strived to deliver a better tomorrow for all, from the smallest start-up to the global multi-nationals. Re-imagining how money flows around the global economy just got more exciting as we join Visa,” said Mike Laven, Chief Executive Officer, Currencycloud. “The combination of Currencycloud’s fintech expertise and Visa’s network will enable us to deliver greater customer value to the businesses moving money across borders.”
Currencycloud will continue their operations from their headquarters in London and will retain their current management team. The transaction is subject to regulatory approvals and other customary closing conditions.
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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The Globe and Mail | Mark Rendell | Jul 12, 2021
The Bank of Canada has named Carolyn Rogers as senior deputy governor, putting a veteran financial regulator with experience tackling overheating housing markets in the No. 2 position at the central bank.
Ms. Rogers will become Governor Tiff Macklem’s chief lieutenant, leading the bank’s strategic planning, helping craft monetary policy and playing a prominent role overseeing financial market stability. She succeeds Carolyn Wilkins, who left the role late last year.
The seven-year appointment was made at a crucial moment for the central bank. Mr. Macklem’s team faces the delicate task of shepherding the economy through the pandemic with ultralow interest rates and government bond buying while trying to avoid runaway inflation and a buildup of financial system risks, particularly in the residential mortgage market.
Ms. Rogers will bring a financial stability focus to the bank, having worked at increasingly senior levels of Canadian and international financial regulation. She is currently secretary-general of the Basel Committee on Banking Supervision, which helps co-ordinate global financial regulation. Her new role with the Bank of Canada begins mid-December, giving her time to wrap up her work at the Basel Committee and relocate with her family to Ottawa from Switzerland.
Prior to the Basel Committee, she spent three years as assistant superintendent of the regulation sector for the Office of the Superintendent of Financial Institutions, or OSFI, Canada’s banking regulator, and six years at the helm of British Columbia’s financial regulator.
Unlike other members of the bank’s governing council, Ms. Rogers does not have an economics background, instead holding a master’s of business administration from Queen’s University in Kingston.
Evan Siddall, the former head of Canada Mortgage and Housing Corp., said that Ms. Rogers’s atypical background will be an asset to the central bank. He worked closely with her when she was at OSFI and he was at CMHC.
“You think about what scarce resources there are at the Bank of Canada. It’s not economists. It’s people who have pragmatic experience in markets,” Mr. Siddall said in an interview.
“As the risk environment gets more complex, every institution, whether you’re in the private sector [or public], have to bring in more diversity in terms of cognitive mindset. And that’s what she brings: a different cognitive mindset that will add problem-solving efficacy to the bank,” Mr. Routledge said in an interview.
Ms. Rogers was selected by a group of independent members of the bank’s board and approved by the federal cabinet. The bank and Finance Minister Chrystia Freeland jointly made the announcement.
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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CSA | Jun 23, 2021

National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions introduces a single, uniform set of rules that replaces and enhances the requirements currently in effect in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan.
“These rules expand the ability of small businesses and start-ups to use securities crowdfunding to gain access to capital,” said Louis Morisset, Chair of the CSA and President and CEO of the Autorité des marchés financiers.
Following stakeholder consultation, the CSA made targeted amendments to improve the effectiveness of start-up crowdfunding as a capital-raising tool, including:
National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions can be found on the websites of the above noted CSA members.
Since 2015, about 110 distributions of securities have taken place under the existing start-up crowdfunding prospectus exemptions, with an average investment of $576 from each investor.
The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
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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Liquid Avatar Technologies | Release | Jun 8, 2021
Global identity solutions company commits to grow open source community and project, paving the way for growth of interoperable health identity solutionsTORONTO, ON / ACCESSWIRE / June 8, 2021 / Liquid Avatar Technologies Inc. (CSE:LQID)(OTC PINK:TRWRF)(FRA:4T51) ("Liquid Avatar Technologies" or the "Company"), a global blockchain, digital identity and fintech solutions company is excited to announce that it has joined the steering committee, as a founding member, for Cardea, a Linux Foundation Public Health ("LFPH") project, helping to grow the open source community and capabilities of its codebase.
Cardea is a complete ecosystem that can be used by public health authorities, governments, organizations, and industries to enable people to maintain their privacy while holding and using an easily verifiable, trustworthy, unalterable proof of a health test or vaccination. One of the first projects to provide the related technology and guidance for implementation of the recently announced Global COVID Certificate Network (GCCN), also from Linux Foundation Public Health, Cardea helps facilitate the safe and free movement of individuals globally during the COVID pandemic.
Liquid Avatar Technologies is a digital identity fintech company focused on empowering users to verify, manage, control, and create value from their digital identity. As a member of the Cardea steering committee, Liquid Avatar Technologies offers its expertise in real-world decentralized solutions to the open source community at Linux Foundation Public Health.
Liquid Avatar technologies recently announced the expansion of its Liquid Avatar Verifiable Credentials Ecosystem ("LAVCE") to create what management believes is one of the world's first digital identity consumer centric Software as a Service (SaaS) platforms that supports all verifiable credentials stakeholders, including holders, issuers and verifiers within a "Trust Triangle" transaction environment, compliant with W3C standards.
"Linux Foundation Public Health and the Cardea project are leaders at the intersection between public health technology and the open source decentralized identity community," said RJ Reiser, Chief Business Development Officer. "By joining the Cardea steering committee, Liquid Avatar brings with it a deep skillset in the commercialization of decentralized identity and a unique position at the forefront of digital ID security and technology. We will focus our efforts at Cardea to help build the diversity of its community, to further grow the project's capabilities and to further align with Good Health Pass."
LAVCE will incorporate tools from the Cardea project in upcoming enhancements to provide electronic issuance and verification of COVID-19 testing results, enabling manufactures, retailers, sports arenas, camps, recreational and healthcare facilities, hospitality, manufacturing, government, tourism, and transport operations to ensure that individuals are verified and have accurate and timely test results to keep operations safe and open, helping people to get back to everyday activities.
"The onset of COVID-19 has accelerated the transition to digital services for people all over the world, and we're supporting the credential issuers with our active participation in many of the organizations, steering and working committees that are helping drive the education and development of community standards" said Reiser. "Controlling your wallet starts with who you are. We are on a mission to empower people to manage and control their digital identity and to securely and safely be able to prove who they are and benefit from their personal data. Cardea and the LFPH community are essential components to moving the needle towards a safer, more private digital world for all of us."
The company is also a member of the Trust over IP Foundation steering committee, a Founding Member of the Lumedic Exchange, a member of the Good Health Pass Collaboration, and a node operator on the Indicio Network. Liquid Avatar Technologies continues its work in thought leadership on issues related to digital government, cybersecurity, and universal digital and data standards.
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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