Weekly FinTech & Financial News
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March 30-April 3, 2026
Top FinTech Updates this Week
🌟 Canada passes Bill C-15 into law, formalizing Budget 2025 and detailing $1B VC initiative to channel funding through institutional investors and emerging fund managers
💰 TimeSmart.AI, Toronto-based physician payments and contract management for healthcare platform raised an additional funding
🚀 Visa launched Visa Intelligent Authorization, a new capability on the Visa Acceptance Platform that enables acquirers to modernise their payment processing through a single API connection
🚀 Nium, an US-based infrastructure for real-time cross-border payments launches dual-network stablecoin card issuance platform enabling businesses to spend digital dollars at hundreds of millions of merchant locations worldwide
🚀 FutureVault, a Toronto-based provider of AI-powered digital vault solution launches "AI Advisor Insights Engine", to turn client documents into real-time advisor intelligence
🚀 Settle, Toronto-based proptech launches Rent Guarantee and Credit Building products giving skilled professionals and returning Canadians a way to qualify for leases using real-time financial data instead of a Canadian credit score
💼 Novisto, a Montreal-based ESG management software acquired Minimum, UK-based carbon accounting software startup, to expand its ESG platform
💼 Kubra, a Mississauga-based billing platform is to be acquired by Repay, an US-based integrated payment processor for approximately $372M USD ($518M CAD)
💼 Shift Connect, Calgary-based provider of foreign exchange and global payment services acquired Olympia Currency and Global Payments, an US-based firm recognized for its personalized approach to international banking and cross-border currency solutions
💼 Wawanesa, Winnipeg-based mutual insurance company entered into an agreement to acquire Everest Insurance Company of Canada, the Canadian Retail Insurance operations of Everest Group, a global specialty reinsurance and insurance provider
🌟 Maple, Toronto-based all-in-one revenue management platform rebranded to Measure, signaling an evolution in both identity and ambition as it continues to serve high-growth technology companies
Top Financial Institutions Updates this Week
🤝 RBC partners with Hopper, Montreal-based global travel platform and taps HTS (Hopper Technology Solutions) to power Avion Rewards Travel, bringing innovative travel offerings to the Canadian market
🚀 TD Direct Investing launched the new TD Easy Trade app, a mobile‑first investing experience designed to make DIY investing easier to understand, easier to start and easier to grow with especially for Canadians who are new to investing
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The round was led by Graphite Ventures, with participation from MaRS Investment Accelerator Fund (IAF), Velocity Fund, Archangel Network of Funds, and a syndicate of angel investors. The company intends to use the funds to accelerate the development of its platform to support large-scale deployments and evolving customer needs. | FinSMEs
Repay is bringing its payment expertise and technology platform to the table, while Kubra has its “attractive verticals,” partnerships, and go-to-market approach. Repay added that, when combined, the companies will enable over $130 billion in annual payment volume. The transaction will be funded with cash on hand and debt financing, and is subject to regulatory approvals in the United States and Canada. The deal is expected to close sometime in the second quarter of 2026. | BetaKit
Enhanced Subscription Manager enables issuers to offer cardholders a consolidated interface to view, manage, switch, and cancel recurring subscriptions without leaving their banking application. The solution integrates via Visa's Digital Enablement Software Development Kit (SDK), allowing issuers to embed card-switching and cancellation capabilities covering more than 150 merchants, including cancellation for select merchants and guided workflows for others. | The Paypers
Authorisation is core to how digital payments work: acquirers send real‑time authorisation requests through card networks to consumer banks, which approve or decline within seconds. Visa Intelligent Authorization helps address these challenges by providing a modern authorisation capability that can process transactions across major card networks through a single integration. The solution delivers 99.999% uptime and achieves an average approval rate of 96.3% globally, both industry‑leading benchmarks. It can be used as an acquirer's main processor or as a complement to extend their capabilities. | PR Newswire
The solution enables companies holding stablecoins to issue spending cards on both the Visa and Mastercard networks through a single API integration, allowing stablecoins to be used at hundreds of millions of merchant locations globally. Businesses will be able to convert stablecoin balances into real spending power through seamless crypto to fiat conversion at the point of sale at hundreds of millions merchant locations worldwide, without building new infrastructure or navigating a fragmented web of network agreements, banking sponsors, and compliance filings. | Fintech Finance News
The rebrand underscores a broader positioning shift, from a billing operations tool to a precision-driven revenue platform centered on clarity, insight, and measurable growth. While the company’s core mission remains intact, the new identity signals a sharper focus on helping teams understand and optimize the financial mechanics behind modern software businesses. | The Founders Press
This acquisition brings together two highly respected companies, combining decades of experience, trusted client relationships, and advanced financial technology. The result is a stronger, more capable offering for clients who rely on efficient, secure, and responsive international payment solutions. Olympia clients will continue working with the same trusted team and relationships they value, now supported by Shift Connect's capabilities, deeper global banking network, and advanced technology infrastructure. | Newswire
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Backers included SBI, AllianceDAO, CoinSwitch, Blockchain Founders Fund, Hustle Fund, AAF Management, NGC Ventures, Alchemy, MoonPay among others, with angel participation from executives at Kraken, Uber, and CoinList. The raise brought the total amount to $7.5M to date. The company intends to use the funds to expand operations and its development effort. | FinSMEs
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Also, a new travel booking portal to launch later this year. The Avion Rewards Travel platform will be seamlessly integrated into the Avion Rewards ecosystem, allowing members to use their Avion points across all travel categories, providing them with greater capabilities for booking flights, accommodations, car rentals, activities and packages. Beyond the core booking capability, flexible booking options and elevated loyalty features will be introduced, driving greater value and engagement for members. This includes a new service that will provide price insights on the optimal time to book flights based on historical and predictive data. | RBC
By pairing an intuitive mobile-first design with TD Direct Investing's leading partial share capability, the TD Easy Trade app removes the barriers that often keep Canadians from getting started. Investors can download the app, open an account and start trading in minutes with as little as $1, no minimum balance requirements, no account fees and 100 commission-free trades a year making it easier and more affordable to take that first step. | TD
BMO is the only bank in Canada, and one of only three worldwide, to be honoured. The World's Most Ethical Companies' assessment is grounded in Ethisphere's proprietary Ethics Quotient, which requires companies to provide over 240 documented proof points on practices that support robust ethics and compliance. The data undergoes further qualitative analysis by Ethisphere's panel of experts who spend thousands of hours vetting and evaluating each year's group of applicants. This process is an operating framework to capture and codify best-in-class ethics and compliance practices from organizations across industries and from around the world. | BMO
It aims to support the construction of a new Surgical Tower at UHN's Toronto Western Hospital and the expansion of PMATCH, an AI-powered precision oncology initiative at UHN's Princess Margaret Cancer Centre. Purpose-built to drive innovation, the Tower will significantly expand surgical capacity, modernize operating rooms and provide an elevated care journey for patients and their loved ones. By supporting the Surgical Tower and PMATCH, BMO's gift will help expand access to care, accelerate discovery and strengthen Canada's health care system for patients today and in the future. | BMO
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The acquisition will significantly strengthen Wawanesa’s influence in the Canadian market. Everest Canada brings an extensive portfolio of specialty commercial insurance products, including cyber, accident and health, aviation, marine, professional liability, and property and casualty for larger businesses with unique, emerging, or complex needs. The addition of these offerings, combined with Everest Canada’s established presence in key markets, will accelerate Wawanesa’s diversification and growth priorities. | Insurance-Canada.ca
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The system that converts documents stored in digital vaults into real-time insights and automated workflows for advisors and operations teams. Instead of treating files such as tax forms, estate documents, and portfolio reports as static records, the new AI engine extracts and connects data across the vault to generate insights that advisors can act on. The system uses AI-powered document processing and knowledge graph architecture to link data across different files inside a client vault. By structuring information from documents such as insurance policies, tax files, account forms, and financial reports, the platform aims to help advisors quickly understand a client’s financial picture and identify potential opportunities or gaps. | The Founders Press
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The company will use the financing to accelerate product innovation, build on its commercial capabilities, and expand into new international markets. This also follows a recent majority investment in REG Technologies by Accel-KKR, a global tech-focused private equity firm. | CIBC Innovation Banking
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The platform evaluates income velocity, savings patterns, and expenditure volatility through Open Banking and issues most decisions the same day. Approved tenants pay a monthly fee of 5% of rent, approximately $110 on a $2,200 apartment in exchange for a written guarantee that protects the landlord for up to 12 months. Landlords and real estate agents pay nothing. | Newswire
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After passing through the House of Commons and the Senate, Bill C-15 received royal assent, making it law and enabling implementation of Canada’s 2025 budget, which outlines ~ $1 trillion in planned investments over five years across sectors including AI, defence, financial services, and innovation. Within this, the government detailed its $1 billion venture capital initiative, allocating $700M to funds-of-funds to attract private capital, $200M to life sciences, and $100M to emerging fund managers rather than direct startup funding. An additional $750M is directed toward early-stage funding gaps. The law also includes measures such as open banking frameworks, stablecoin regulation, investment tax incentives, and repeal of the Digital Services Tax, indicating a broader push to strengthen capital access and financial infrastructure. | BetaKit
The financial terms of the deal, were not disclosed. This strategic acquisition positions the company to provide enterprise clients with a unified, “all-in-one” solution for managing, reporting, and analyzing ESG data amid an increasingly complex regulatory landscape. | BetaKit
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