BC Securities Commission fines ezBtc owner $18.4 million over crypto fraud
CBSC previously found crypto platform had diverted one-third of customer deposits to personal accounts.
Canadian Startup News
Canada Post strike didn’t slow Shopify’s record-breaking BFCM weekend
Shopify merchants drove $11.5 billion USD in sales over the weekend, eclipsing last year by more than $2 billion.
Stability and speed: Mastercard’s partnership with Koho
How a FinTech startup migrated towards the future of banking.
Online brokerage Questrade lays off undisclosed number of employees
Questrade appears to have quietly exited digital mortgage business around same time Wealthsimple entered it.
AI chipmaker Tenstorrent closes nearly $700-million USD Series D at $2.6-billion valuation
Samsung, Bezos-backed financing comes after the firm quietly relocated to the US.
British Columbia deploys combined $9.2 million into projects tackling climate, nutrition, health and more
Funding recipients include Ekona Power, Wildfire Robotics, and Ideon Technologies.
Lightspeed lays off 200 employees in second restructuring of the year
Online brokerage firm Questrade also reportedly laid off an undisclosed number of employees in recent days.
The one role companies are struggling to fill
Digital Marketing Sector Council report encourages employers to recognize certifications to expand the talent pool.
Montréal tech marks year’s successes and struggles at sixth Startup Community Awards
Startups honoured included item-sharing app Partage Club and fundraising platform Zeffy.
Shareholders file proposed class action alleging Exro misrepresented revenue projections
Plaintiff describes 2024 revenue forecasts Exro made in January as “delusional.”
Major Canadian news orgs sue OpenAI for copyright infringement
Torstar, Postmedia, The Globe and Mail, The Canadian Press, and CBC/Radio-Canada are seeking monetary damages.
Firestarter program goes national with funding from BDC Thrive Lab
Following Atlantic Canada pilot, program supporting women-led startups will host first cohort in early 2025.
Canada’s Competition Bureau targets Google for anti-competitive practices
Google faces anti-trust fights on both sides of border as Canadian agency looks to force sale of adtech tools.
With new name, FleetOps secures $30.8-million CAD Series A round
Now called Class8, trucking data startup’s round was led entirely by United States-based investors.
The painkiller for pharmaceutical reps
How ACTO is bringing pharma knowledge to the frontlines.