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.
Generative AI use in the workplace is growing unchecked, new Salesforce survey finds
Only 13 percent of Canadian respondents said their workplace has clearly defined generative AI rules.
A|I: The AI Times – Critics skewer Fed’s AI consultations, Cohere co-founder wants to keep it simple
Startup founded by ex-Google Search team nears $2 billion valuation.
S|W: The SaaS Weekly – BlackBerry names new CEO, ditches spinout IPO plans
Plus: Vistara Growth Fund V sets target on enterprise software companies.
Xanadu’s Christian Weedbrook among Quantum Industry Canada’s three new board appointments
The Xanadu CEO joins representatives from Anyon Systems and Quantacet.
F|T: The FinTech Times – Synctera and Monarch Money seek to fill Canadian finance gaps
Plus: Block rival SumUp defies FinTech funding slump with $307 million cash injection.
Montréal’s tech hub is in trouble, Waterloo Region goes grassroots
Plus: Why is the Start-up Visa program struggling?
H|T: The Healthtech Times – Healthtech startups among targets of Sixty Degree Capital’s new $338-million CAD fund
Plus: Medtronic’s $738 million acquisition is cancelled.
Anticipated innovation hub Ax-C to open on former trading floor of Montréal Exchange
Backed with $48 million, Ax-C secures its location as another Montréal hub struggles.
R|T: The Retail Times – SkipTheDishes appoints its third CEO this year
Plus: Asian food delivery service Fantuan secures $40 million.
Formerly Qui Identity, Wave alumni launch digital ID verification platform Confirm
Kirk Simpson and Peter Carrescia raised $6.5 million to launch company in August 2022.