S|W: The SaaS Weekly – Exec turnover trend hits Top Hat and Alida
Plus: SAP faces hefty fines, Salesforce and Slack might be pausing tech/product hiring.
AGF Private Capital acquires majority stake in Kensington Capital Partners for $45 million
The VCCI-backed firm will retain its “investment and operational independence,” the firms say.
F|T: The FinTech Times – Wealthsimple is starting to look like Canada’s next big bank
Plus: $4.6B flows into bitcoin ETFs on the first day after SEC gives the green light.
League Data acquires credit management software company Technicost from Co-operators
League Data is the technology partner for the Atlantic Credit Union System.
H|T: The Healthtech times – Custom Health to go public via SPAC at $185 million valuation
Plus: 23andMe says maybe you should’ve changed your password.
Requity Homes secures $26 million for rent-to-own platform as high interest rates loom over prospective homeowners
Requity aims to help renters become homeowners in markets outside of Toronto and Vancouver.
R|T: The Retail Times – Ali Asaria steps down as Tulip’s CEO
Plus: Shopify’s loan business is booming.
A|I: The AI Times – Jeff Bezos bets on an AI-based Google Search challenger
Plus: Untether AI names Intel veteran Chris Walker as its new CEO.
Alberta Securities Commission orders crypto exchange Catalyx to cease trading following security breach, loss of assets
Catalyx announced the security breach one week after the ASC issued its initial cease trade order.
S|W: The SaaS Weekly – Constellation Software scoops up Conduent subsidiaries for $260M USD
Plus: After 10 years leading Tulip, Ali Asaria steps down as CEO.
Operto to acquire US-based proptech firm Dack, bolster property management platform
The acquisition will mark Operto’s third since 2021.
F|T: The FinTech Times – US competition is coming for Wealthsimple
Plus: HyperVerse’s CEO… does not exist?
Webull launches stock trading app for retail investors in Canada
Webull’s expansion into Canada brings it into direct rivalry with Wealthsimple.
H|T: The Healthtech Times – SmileDirectClub shuts down shortly after declaring bankruptcy
Plus: The silly things women’s health entrepreneurs hear from male VCs.
R|T: The Retail Times – Etsy and Bolt make cuts as revenue growth dips
Plus: Leav closes seed round for mobile self-checkout.