Canadian FinTech leaders press Government of Canada for progress on open banking
Open letter calls on feds to appoint open banking lead, adopt recommendations outlined in last year’s report.
Scribble Data closes $2.2 million to help data science teams train machine learning models
Scribble Data aims to dip into Toronto’s machine learning talent pool.
S|W: The SaaS Weekly – M&A over IPO
Plus: One year in, Backbone Angels is closing gaps for underrepresented founders.
HubSpot opens first Canadian office in Toronto
HubSpot aims to add over 50 employees in Ontario.
Bloom secures $1.4 million CAD, launches AI-powered platform to measure e-commerce product photo performance
Bloom’s big picture vision is to match its algorithm with generative AI.
F|T: The FinTech Times – Portage secures a boatload
Plus: A year after launch, Backbone Angels is closing gaps felt by underrepresented founders.
Canadian startup news of the week (3/13/22)
Why Clio and Trulioo are choosing M&A over IPO.
StoreToDoor secures $1.25 million to take same-day delivery service to new markets
After spending years running his own restaurants, Scott Love wants to help other retailers deliver goods.
H|T: The Healthtech Times – Ali Tehrani is Amp’d up
Plus: Health Canada recalls Fitbit watch due to risk of burns.
Market watch: Nuvei, VerticalScope, Magnet Forensics
Nuvei posts strong Q4, 2021 earnings as VerticalScope, Magnet see mixed results.
Somm acquires last-minute restaurant reservation app Dinr to move beyond wine recommendation
Somm describes Dinr deal as “part of a bigger vision” for the wine-focused startup.
R|T: The Retail Times – Shopify doubles down on its compensation approach
Plus: Amazon is shutting 68 retail stores, ending Amazon Books, 4-star and Pop Up shops.
Clio and Trulioo say not now to IPOs as CEOs discuss unicorn M&A strategies
Clio CEO says IPO window is closed, and “probably gone” for 2022.
Clinia closes $5 million to scale B2B health search infrastructure
Montréal startup aims to be “first point of entry for health searches.”
A|I: The AI Times – Two astronauts join the mission to build human-like robots
Plus: This is the reason Demis Hassabis started DeepMind.