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Canadian Securities Exchange Reports Exceptional 2020 Performance

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Record financing activity highlights CSE’s importance to the entrepreneurial community

Toronto, Ontario–(Newsfile Corp. – January 13, 2021) – The Canadian Securities Exchange (“CSE” or “the Exchange”) today announced outstanding performance in 2020, highlighted by record financing activity among its issuers and the second highest level of trading activity in the Exchange’s history.

Key 2020 Statistics

  • CSE issuers completed 1,208 financings, far surpassing the 837 financings completed in 2019 and 901 completed in 2018, which were previously the Exchange’s two strongest years for financing activity;

  • Capital raised by CSE issuers totaled $3.6 billion, compared to $3.3 billion in 2019 and $5.4 billion in 2018;

  • Trading volume was a near-record 26.9 billion shares, compared to 19.4 billion shares in 2019 and 28.6 billion shares in 2018;

  • Value of traded securities was $15.2 billion, compared to $21.4 billion in 2019 and $20.3 billion in 2018, the only three years in the Exchange’s history in which the value of shares traded exceeded $10 billion;

  • The CSE had 629 listed securities as at December 31, 2020, an increase of 11% compared to 569 as at December 31, 2019; and

  • The aggregate market value of CSE issuers was an all-time high of $42.1 billion as at December 31, 2020.

“The CSE and its issuer community met the challenges posed by the pandemic and the extreme market volatility experienced over the course of the year,” said Richard Carleton, CSE Chief Executive Officer. “I am particularly proud of how our team stepped up and continued to provide a high level of service to our customers. Once the volatility in the spring subsided, we witnessed substantial interest from the investment community for early-stage growth companies. Trading volumes expanded, issuers completed more financings, and our new listings steadily increased.”

“We are positioned for another excellent year in 2021 as the trends in our business remain highly positive. In particular, we are excited about the strong revival of the mining industry in the public markets, the continued strength and resilience of the cannabis industry, the recent excitement surrounding blockchain-related investments, and the rapid emergence of the legal psychedelics sector, in which we now have more than 30 listings. As the Exchange for Entrepreneurs, we are the natural destination for companies seeking capital in this new and exciting industry.”

The CSE continued its trend of strong listings growth in 2020, adding 88 new listings during the year. This total included 42 new mining listings as rising commodity prices, particularly for precious metals, drove strong demand for mining securities. The CSE also added 15 cannabis/hemp listings, 19 technology listings, and 12 listings in other diversified sectors.

The Exchange maintained its leading Canadian position in initial public offerings during 2020. Of the 43 IPOs completed on Canadian stock exchanges for issuers with existing business operations, 25 were listed on the CSE, according to CPE Analytics. IPOs have become an increasingly popular route to the public markets for emerging companies in recent years.

Financing activity in 2020 was led by the mining and cannabis/hemp sectors. Mining issuers completed 371 financings that raised $525.9 million, while cannabis/hemp issuers completed 350 financings that raised $2.4 billion. There were also 30 financings in the emerging psychedelics sector that raised $93.8 million. Financing activity peaked in the month of December, when CSE issuers completed 141 financings, a record for a single month. Those deals raised $726.2 million, the fourth highest monthly level in the Exchange’s history.

Trading volumes were solid throughout most of 2020 and accelerated late in the year. In December 2020, trading volume exceeded five billion shares, only the second month in the CSE’s history in which this milestone was surpassed. On December 14, 2020, trading volume exceeded 549 million shares, a single-day record for the Exchange.

Stakeholder engagement was a key priority for the CSE during 2020, as the Exchange adapted to COVID-19 protocols and introduced a steady stream of virtual events and online content. Highlights included Mining Over Canada, a massive multi-media overview of Canada’s mining industry, and Cannabis Month, a month-long series of podcast interviews with thought leaders from the sector. The CSE also grew its media capabilities substantially, producing 82 episodes of the #HashtagFinance podcast and 348 videos for the CSETV YouTube page.

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“We are pleased with our competitive position, but we aren’t standing still,” Mr. Carleton said. “During 2021, we will continue to improve and increase our issuer services to reinforce our position as the ideal public market option for entrepreneurs based in Canada and around the world.”

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 offers investors in Canada and abroad access to a multi-sector collection of growth companies through a liquid, reliable and highly regulated trading platform. The Exchange is dedicated to 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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