Damon Motors revs up to go public on the Nasdaq via reverse merger
The reverse merger will be completed with a UK-based spinoff of Inpixon.
F|T: The FinTech Times – Is open banking in Canada dead?
Plus: How a Fintech reckoning Is rippling through a small bank in Washington.
Ecobee’s Stuart Lombard retires, AI “godfathers” sign new policy letter
Plus: Wealthsimple’s CCO says a “lack of political will” harming FinTech innovation.
H|T: The Healthtech Times – OMERS Ventures wants you to reset your expectations for healthtech investing
Plus: Pfizer Canada announces inaugural cohort of its Healthcare Hub.
FinTech startup Peloton Technologies announces acquisition of KIS Payments
The deal comes almost four months after Peloton received $1.5M from PacifiCan.
R|T: The Retail Times – How trucking startup Convoy drove itself into the ground
Plus: Post-Hopper, Expedia partners with Air Miles for new travel booking platform.
Hinton, Bengio, among 24 expert signatories with policy-focused AI recommendations in new letter
Signatories include multiple CIFAR chair members behind Canada’s Pan-Canadian AI Strategy.
After pivoting focus from sellers to buyers, Kiwiz hopes to be the Uber for car inspections
Kiwiz has raised $600,000 CAD in pre-seed funding.
A|I: The AI Times – OpenAI employee secondary values company at at least $80 billion
Plus: Why Korean car makers want Tenstorrent’s AI hardware.
S|W: The SaaS Weekly – Struggling BBTV to go private while BlackBerry spinout eyes June IPO
Plus: What Allen Lau learned from Wattpad’s $754-million acquisition.
PADS Financial secures $3 million CAD in pre-seed funding, launches online mortgage platform
PADS looks to leverage AI and blockchain with its online mortgage servicing platform.
F|T: The FinTech Times – Procurify, Hiive secure new funding to tackle spend management & secondaries
Plus: Plaid hires first CFO on road to IPO.
EDC report says Canada is struggling to convert startups to scaleups
Plus: Ripple Ventures plants flag in Vancouver as part of coast-to-coast Fund III.
Blockchain payments firm Ripple is hiring software engineers in Canada
The San Francisco-based company is looking for software engineers in its Toronto office.
Canadian Council for Aboriginal Business receives $500,000 in federal funding to address barriers for Indigenous entrepreneurs
The new funding will help the CCAB promote the federal government’s 50-30 challenge.