F|T: The FinTech Times – Brex burning bucks while Klarna mulls IPO
Plus: Visa partners with Plug and Play to support Canadian FinTech.
H|T: The Healthtech Times – OMERS reportedly puts LifeLabs up for sale
Plus: PointClickCare’s acquisition spree continues with US healthtech company.
Nesto enters brokers channel through partnership with M3 Mortgage Group
The digital mortgage lender will become available to over 8,500 brokers.
R|T: The Retail Times – Shopify has payments power over Amazon and a new $260M cheque into Flexport
Plus: GoDaddy launches payment processing and terminal in Canada.
Tiny to purchase WholesalePet from Emerge Commerce for $12.5 million CAD
Emerge Commerce originally acquired the online pet supply wholesaler in 2021.
Spellbook secures $27-million CAD Series A to scale “AI copilot for lawyers”
The legaltech’s generative AI offering aims to help lawyers review and draft contracts.
A|I: The AI Times – Zuckerberg flexes Meta’s power on the AI market
Plus: Cohere investor Thomvest Ventures closes $250M fund.
Bello raises $1.5 million for its consumer water filter and infuser
Bello wants to help eliminate plastic bottles with long-lasting filter, multi-use flavour capsules.
TIAP partners with OBIO to open applications for healthtech funding stream
Selected companies will receive up to $200,000 in grant, dilutive funding.
S|W: The SaaS Weekly – NowVertical’s boardroom drama spills into the public
Plus: 7shifts cuts 19 percent of staff in new layoffs to start 2024.
UK-based Liberis launches embedded lending solution in Canada
The CFIB says over half of Canadian small businesses were seeking capital in 2022.
F|T: The FinTech Times – Neo and Pine backer Thomvest secures new $250M fund
Plus: Crypto is beanie babies, Coinbase says.
H|T: The Healthtech Times – This DeepMind spin-off wants to cut drug discovery times in half
Plus: Clinia secures $10 million and partnership with Telus Health.
Plooto, GoDaddy bring new payment, commerce offerings to Canadian businesses
Plooto launches payment workflow safeguards, while GoDaddy brings its commerce solution to Canada.
R|T: The Retail Times – Rent the Runway decimates corporate workforce in new restructuring plan
Plus: How online shoppers fell back in love with the high street.