Calgary-based tech company Symend gets $52 million USD investment to grow

Will invest in development of digital engagement platform, expand into new verticals and geographies, and grow the team across Canadian and US operations

Calgary-based tech company Symend gets $52 million USD investment to growSymend, a leading customer engagement platform designed to better engage, treat, and retain financially at-risk customers, has announced a $52 million USD raise led by global technology venture firm Inovia Capital, with participation from a consortium of investors including Ignition Partners, Impression Ventures, BDC Capital’s Women in Technology Fund, Mistral Venture Partners, and angel investor Markus Frind. “We created…

Household debt to disposable income eases

There was $1.76 in credit market debt for every dollar of household disposable income in the fourth quarter for Canadians

Household debt to disposable income easesHousehold credit market debt as a proportion of household disposable income declined from 176.6 per cent to 176.3 per cent in the fourth quarter of 2019, according to Statistics Canada. “In other words, there was $1.76 in credit market debt for every dollar of household disposable income,” said the federal agency in a report on…

Almost 80% of Gen Xers have financial concerns

Study finds 58% of Canadians consider themselves savers, while 37% self-identify as spenders. Boomers most likely to identify as savers (62%)

Almost 80% of Gen Xers have financial concernsA survey released by Edward Jones on Tuesday says 77 per cent of Gen Xers (40-54) have financial concerns while only 47 per cent of Boomers (55-75) state they do not have any financial worries. While Millennials (25-39) and Boomers (55-75) are more likely to spend their money on experiences such as dinners, concerts, and…

2 Calgary fintech companies get boost from accelerator

Innovate Financial Health is granting four Canadian tech startups $25,000 each in funding to help build and scale financial solutions

2 Calgary fintech companies get boost from acceleratorTwo Calgary companies devoted to helping the financial lives of Canadians are among four selected for Innovate Financial Health’s inaugural cohort. Innovate Financial Health is a national non-profit founded in 2018 to support the creation and scaling of innovative products and services that improve the financial lives of Canadians. It is supporting four Canadian tech…