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Canadian Securities Exchange Reports Strong Trading Activity, Record Financing Volume, IPOs and Continued Listings Growth in the First Half of 2020

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Major acceleration in trading and financing activity in May and June

Toronto, Ontario–(Newsfile Corp. – July 23, 2020) – The Canadian Securities Exchange (“CSE” or “the Exchange”) today announced positive performance metrics for the first half of 2020 (“H1 2020”). Trading and financing activity among CSE issuers remained strong amid the severe economic disruption related to the COVID-19 pandemic, with an acceleration of activity in May and June. The Exchange also continued to generate solid listings growth and lead all Canadian stock exchanges in initial public offerings (“IPOs”), while further expanding its content offerings and engagement across its digital platforms.

Key First Half 2020 Statistics

  • CSE issuers completed 521 financings, a record for any six-month period in the Exchange’s history. Issuers completed 425 financings in the second half of 2019 (“H2 2019”), and 405 financings in the first half of 2019 (“H1 2019”);
  • The capital raised by CSE issuers totaled $1.7 billion, compared to $1.0 billion in H2 2019 and $2.1 billion in H1 2019:
  • Total trading volume was 10.74 billion shares, compared to 7.49 billion shares in H2 2019 and 11.88 billion shares in H1 2019;
  • Total value of traded securities was $4.8 billion, compared to $7.3 billion in H2 2019 and $14.0 billion in H1 2019;
  • The CSE had 591 listed securities as at June 30, 2020, an increase of 15% compared to 514 as at June 30, 2019; and
  • The aggregate market value of CSE issuers was $18.7 billion as at June 30, 2020.

“We are pleased by the high volume of trading and financing activity we witnessed during this difficult period, especially in the last couple of months as retail investor activity increased sharply,” said Richard Carleton, CSE Chief Executive Officer. “It is gratifying to see our issuers raising capital across a wide range of industries, including businesses looking to address the major global challenges related to COVID-19. Our results demonstrate that the Canadian Securities Exchange is truly the best public market option for entrepreneurs seeking cost-effective growth capital.”

The CSE added 45 new listings in H1 2020. Fifteen of those listings came through IPOs, which amounted to 43% of all the IPOs completed on Canadian exchanges during the period, according to CPE Analytics. After excluding Capital Pool Companies and Special Purpose Acquisition Companies, 15 out of the 17 Canadian IPOs in H1 2020 were listed on the CSE, or 88% of the total.

The new listings on the CSE were highly diverse, comprising 23 mining listings, nine cannabis/hemp listings, six technology listings, and seven from other sectors.

Trading and financing activity increased in May and June of 2020 after being impacted by COVID-19 in prior months. A total of 4.49 billion shares were traded in those two months, accounting for approximately 42% of all trades during H1 2020. There were also 105 financings in May and 97 in June, making them the two most active months for financing during the six-month period.

Cannabis and hemp issuers led the way in financing during H1 2020, completing 147 financings that raised $1.26 billion. Those figures include Curaleaf Holdings, Inc.’s US$300 million (C$391 million) term loan facility, the single largest financing completed on the CSE during H1 2020. Mining issuers also continued to raise significant capital during H1 2020, completing 144 financings that raised $152.4 million. Other sectors with substantial financing activity included technology (81 financings that raised $69.7 million) and non-cannabis life sciences (37 financings that raised $68.0 million).

While the onset of the pandemic in March eliminated travel and physical gatherings, the CSE nonetheless maintained high levels of engagement with the investment community by providing webinars and virtual conferences on topics of interest, including events focused on the emerging Esports and psychedelics sectors. The CSE also continued to generate media content through outlets such as its blog, YouTube channel (CSE TV) and Instagram feed that features newly listed companies and insights from thought leaders in the capital markets. For instance, the CSE recently presented Cannabis Month, a multi-channel series of interviews with leading figures in the global cannabis sector that reached the Exchange’s growing digital audience on social media, video and podcast platforms.

“During one of the most volatile and uncertain periods any of us have lived through, the Canadian Securities Exchange delivered outstanding service for the investment community,” Mr. Carleton said. “Our operations continued without interruption, even as the vast majority of our staff worked remotely and had to navigate new conditions presented by the global pandemic. This performance underscores the talent of our team and the inherent strength of our platform.”

“Going forward, we will continue to focus on attracting new listings across diverse industry groups, while enhancing the experience for our issuers.”

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About the Canadian Securities Exchange:

The Canadian Securities Exchange is a rapidly growing stock exchange focused on working with entrepreneurs to access the public capital markets in Canada and internationally. The Exchange’s efficient operating model, advanced technology and low fee structure help companies of all sizes minimize their cost of capital and maximize access to liquidity.

The CSE fosters positive working relationships with issuers, providing superior responsiveness to their specific needs. It offers investors in Canada and abroad access to a multi-sector stable of growth companies through a liquid, reliable and highly regulated trading platform. The exchange strongly supports entrepreneurship and has established itself as a leading hub for discourse in the entrepreneurial community.

STAY CONNECTED WITH THE CSE
=============================
CSE TV on YouTube: https://www.youtube.com/csetv
#HashtagFinance Podcast: https://blog.thecse.com/pe-podcasts/
Instagram: https://www.instagram.com/canadianexchange/
Linkedin: https://ca.linkedin.com/company/canadian-securities-exchange
Facebook: https://www.facebook.com/CanadianSecuritiesExchange/
Twitter: https://twitter.com/CSE_News
Blog: https://blog.thecse.com/
Website: https://thecse.com/

Contact:
Richard Carleton, CEO
416-367-7360
[email protected]

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Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)

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As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.

Chime’s Quiet Step Toward Public Markets

Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.

With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.

Source: Bloomberg

ZBD’s Pioneering Achievement: EU MiCA License Approval

ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.

MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.

Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.

Source: Coindesk, PR Newswire

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The Fintech-Credit Union Synergy: A Blueprint for Innovation

The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.

This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.

Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.

Source: PYMNTS

Tackling Student Loan Debt: A Fintech’s Mission

Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.

The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.

As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.

Source: RBJ

Industry Implications and Takeaways

Today’s updates underscore several key themes shaping the fintech landscape:

  1. Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
  2. Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
  3. Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
  4. Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.

 

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SPAYZ.io prepares for iFX EXPO Dubai 2025

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Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.

SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.

Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.

“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”

Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.

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Airtm Enhances Its Board of Directors with Two Strategic Appointments

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Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.

“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”

Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.

Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.

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