Fintech PR
Canada’s Prepaid Payments Volume Climbs to Meet Rising Demand for Digital Options

The Canadian Prepaid Providers Organization (CPPO), the collective voice of the open-loop prepaid payments industry in Canada, today released its industry forecast and market sizing in collaboration with Aite-Novarica Group. The forecast, Canadian Open Loop Prepaid Market, 2020-2025, estimates that the Canadian open-loop prepaid card market will grow to CA$8.7 billion in 2021, up 80 per cent from 2019. This value is projected to nearly double to CA$17.2 billion by 2025.
Open loop prepaid payment solutions look and function like traditional credit and debit cards without requiring a credit score or bank account, while also offering immediate access to funds. The products’ universal access for Canadians, ease of use and gateway to digital payment options has driven their popularity as a more convenient payment solution and bank account alternative.
“Prepaid is increasingly being harnessed as the platform of choice to introduce new and innovative products and services for Canadians, playing a leading role in Canada’s digital payments and banking transformation,” said Jennifer Tramontana, Co-Founder and Executive Director, CPPO. “As consumer preferences shift towards more convenient, cashless and contactless payment methods, prepaid provides both incumbents and new fintech entrants an avenue to introduce new products and services, while still adhering to stringent regulatory requirements.”
According to the Canadian Open Loop Prepaid Market, 2020-2025 analysis, there were approximately 46 million open-loop prepaid accounts in Canada by the end of 2020. It is expected that this will grow by a five-year compound annual growth rate (CAGR) of 15 per cent, reaching 93 million accounts by 2025. Prepaid solutions provided a safe and simple online payment option during the pandemic, enabling access to the benefits of ecommerce which has proven to be a critical channel for the purchase of goods when access to retail stores has been reduced or discouraged.
Prepaid has also become the core offering for most Canadian challenger banks to best support their banking models and bring accessible products to their customers. It promotes financial inclusion to the essential and growing gig economy by offering immediate wage payments daily or after every shift. For non-banks, like tech giants, big retailers, e-commerce players, prepaid has become the key to embedded payments that disappear into the background of the solution being offered to a customer.
“The prepaid payments industry is steadily growing in Canada as payments innovations continue to uncover more prepaid card uses,” said Francisco Javier Alvarez-Evangelista, Advisor, Aite-Novarica Group. “Prepaid cards have historically been perceived as a tool to reach Canada’s under- and unbanked market segments, but this is expanding. The rise in buy-now-pay-later providers, challenger banks and gig payment platforms are largely due to the availability of Canadian prepaid card rails.”
To access a summary of the findings, please visit www.cppo.ca. CPPO members will have full access to Canadian Open Loop Prepaid Market, 2020-2025 analysis. Please contact info@cppo.ca for information on membership details.
Fintech PR
KuCoin Surpasses 40 Million Registered Users, Demonstrating Commitment to Compliance and Innovation

VICTORIA, Seychelles, April 3, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is proud to announce that it has surpassed 40 million registered users worldwide. This significant milestone underscores the trust and confidence the global community places in KuCoin and its commitment to providing secure, compliant, and innovative products and services.
Unwavering Commitment to Compliance
KuCoin’s growth is not just in numbers but also in its steadfast commitment to compliance and user protection. The exchange has made substantial progress on the regulatory front, including a pivotal settlement with the Department of Justice (DOJ). This agreement marked a new chapter for KuCoin, resolving past compliance challenges and setting a clear path for future operations. Additionally, KuCoin’s application for the Markets in Crypto-Assets Regulation (MiCAR) license in Austria is another testament to its dedication to adhering to global compliance standards, ensuring that it operates within the legal frameworks essential for servicing EU and EEA markets.
Trusted and Innovative Solutions Driving Growth
KuCoin has continually introduced innovative products that resonate with users worldwide. From advanced trading solutions to user-friendly platforms for new crypto enthusiasts, KuCoin has maintained a focus on enhancing user experience and expanding its service offerings, making it one of the most versatile platforms in the crypto space. KuCoin recently launched its brand new KCS Loyalty Level Program that is designed to enhance the utility of existing and new KCS holders by introducing a tiered loyalty system that rewards users based on their KCS stakings. Krazy Degen, which serves as an all-encompassing information hub focused on displaying and monitoring multi-chain trending tokens, is also a groundbreaking feature designed to transform how traders discover and invest in early-stage, high-potential tokens directly from the blockchain.
A Word from CEO of KuCoin
“Our journey to 40 million users is not just a number—it’s a testament to the trust we’ve built with our users across the globe,” said BC Wong, CEO of KuCoin. “We remain committed to delivering a secure and dynamic trading environment, with compliance as our backbone and innovation as our path forward. This milestone reflects our ongoing efforts to not only meet but exceed the expectations of our users.”
Looking Forward
As KuCoin continues to grow, the exchange remains dedicated to enhancing its services and compliance measures. With ongoing improvements in security protocols, user education, and community engagement, KuCoin is poised to keep providing exceptional value and service to its expanding user base.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.
KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.

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View original content:https://www.prnewswire.co.uk/news-releases/kucoin-surpasses-40-million-registered-users-demonstrating-commitment-to-compliance-and-innovation-302419886.html
Fintech PR
TVP Research Finds Pre-Seed Bitcoin Startup Investment Activity Grows 767% Since 2021

AUSTIN, Texas, April 3, 2025 /PRNewswire/ — Trammell Venture Partners (“TVP”), an Austin-based venture capital firm, today announced the third annual results of its proprietary research on the growth of the Bitcoin-native startup and venture capital landscape. TVP research shows the Bitcoin startup sector continued its breakout category growth trend of forming and investing in new companies, despite the decline in total dollars invested due to the broader venture investment pullback. With a 50% year-over-year increase in transaction count, and a remarkable 767% increase in funding rounds since 2021, the Pre-Seed stage built on its prior years of growth in 2024.
TVP’s analysis indicates that early-stage, Bitcoin-native startups raised nearly $1.2 billion during the 2021-2024 period, based on four years of longitudinal data research.
“One or two years’ data might represent an anomaly, but with four consecutive years of year-over-year growth at the earliest stage of Bitcoin startup formation, the data now confirm a sustained, long-term venture category trend,” said Christopher Calicott, TVP’s managing director. “Many entrepreneurs across crypto are revisiting the Bitcoin stack as the long-term place to build their companies. It makes perfect sense: the objectively most secure, reliable, and decentralized blockchain is the obvious platform of choice, given the increasing capability to build there. And as this wave of early-stage companies find traction, increasing amounts of crypto value will accrue to the Bitcoin stack—a core thesis for TVP.”
The annual release of TVP’s Bitcoin-Native Venture Capital Landscape Research Brief augments the available research for Bitcoin startups. This research aims to support the institutionalization of venture investment for this emerging growth category within crypto and blockchain venture capital.
The TVP Bitcoin startup investment research brief is available for download.
About Trammell Venture Partners
Trammell Venture Partners, founded in 2016, is an Austin-based early-stage venture capital firm investing in Bitcoin-native, security and privacy tech, and applied AI companies. Since 2020, TVP has focused on backing founders building on the layers of the Bitcoin protocol stack via the venture capital industry’s first dedicated Bitcoin-native mandated VC fund series: The TVP Bitcoin Venture Fund series. Find out more about TVP on the web, LinkedIn, X, or find a Bitcoin job on the TVP bitcoin and crypto Jobs Board.
Media Contact: Zach Young
Email: media@tvp.fund
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View original content:https://www.prnewswire.co.uk/news-releases/tvp-research-finds-pre-seed-bitcoin-startup-investment-activity-grows-767-since-2021-302408315.html
Fintech PR
Adelaïde Group confirms growth momentum and strengthens European presence

QUIMPER, France, April 3, 2025 /PRNewswire/ — With turnover of €450 million in 2024, up 12.5%, the Adelaïde Group has reached a new milestone in the roll-out of its Better Future 28 strategic plan to become Europe’s leading independent family insurance broker, and has confirmed its ambition to achieve turnover of €800 million by 2028.
Solid results and sustainable growth momentum
When presenting the annual results, Benjamin Verlingue, Chairman and CEO of the Adelaïde Group, along with Audrey Verlingue and Gilles Bénéplanc, Deputy CEO’s of the Adelaïde Group, highlighted the solidity of the Group’s model, based on robust organic growth (+10%) and a strategy of targeted acquisitions.
“Our 2024 performance confirms the relevance of our strategy and the strength of our independent family model. Our Better Future 28 strategic plan, launched nine months ago, embodies our collective ambition: becoming Europe’s leading family brokerage company, while remaining true to our values,” Benjamin Verlingue said.
2024: A year marked by strategic acquisitions
The Adelaïde Group strengthened its strategic positions in the European brokerage market by making four acquisitions, illustrating its desire to diversify its expertise and expand its geographical presence:
- DUNE (France): This Managing General Agent, specialising in construction insurance, enables the Group to broaden its scope of expertise in insurance distribution.
- ProConseils Solutions (French-speaking Switzerland): Verlingue’s first location in French-speaking Switzerland, marking a significant step forward in the market in this key region.
- MBB and Brixia Broker (Italy): Two acquisitions of insurance brokers that strengthen the territorial coverage of Inser, Verlingue’s subsidiary in Italy.
2024 highlights: Growth and transformation across the Group
In 2024, the Adelaïde Group continued its growth momentum, marked by solid performances and strategic investments across its various entities.
- Verlingue generated turnover of €314 million, up 10%. Thanks to sustained expansion in France and Europe, through acquisitions in Italy and Switzerland, Verlingue has consolidated its position in the brokerage market. In 2024, international business accounted for 37% of Verlingue’s turnover. Vincent Harel has been appointed CEO of Verlingue, due to take up his post on 28 April 2025.
- Génération, a Third-Party Administrator for both individual, company health and employee benefits, achieved remarkable growth of 18%, with turnover of €121 million. Its portfolio grew to 2.6 million health policyholders and 1.2 million life insurance policyholders.
- Cocoon, a subsidiary dedicated to individual health insurance, continued to restructure its portfolio by optimising its digital channels, sustaining profitable growth with turnover of €13 million. In 2024, the brand stepped up its activity in the individuals leaving group schemes segment in particular, recording 12,000 new contracts.
- DUNE, which joined the Group in 2024, aims to position itself as a key player in the underwriting market, specialising in construction insurance. This new entity has already underwritten €10 million in premiums through a network of 650 brokers, illustrating its strong strategic potential
About Adelaïde
The Adelaïde Group is specialised in insurance consulting, brokerage, distribution and management. The Group is one of France’s leading insurance brokers. Organic growth, strategic acquisitions, international expansion and digital transformation are the Group’s four priorities for achieving its objective of building a major family-owned and independent insurance brokerage group with a European reach.
2,900 employees
2.6 million policyholders with health cover and 1.2 million with life cover
4.5 billion in premiums managed
Present in 5 countries: France, Great Britain, Switzerland, Portugal, Italy
www.adelaidegroup.fr
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Press contact
Lucie Fortin lfortin@epoka.fr
View original content:https://www.prnewswire.co.uk/news-releases/adelaide-group-confirms-growth-momentum-and-strengthens-european-presence-302419842.html
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