Wealthsimple hits $10-billion valuation in new round backed by Dragoneer, GIC, CPP Investments
Up to $750-million Series E includes $550-million primary and $200-million secondary offerings.
Canadian Startup News
WonderFi’s acquisition by Robinhood delayed until first half of 2026
Extra development work and regulatory approvals push closure of sale into next year.
Open House Montréal brings its grassroots energy back to city’s startup scene
Montréal tech week explored AI, social impact, and Québec’s funding crunch.
Untether AI files for bankruptcy following AMD acquihire
Bankruptcy filing reveals $128 million owed to creditors, including early backer Radical Ventures.
Paytrie spinout Loon raises $3 million to oversee Canadian dollar-backed stablecoin
Calgary-based FinTech startup will become the new issuer of Paytrie’s CADC stablecoin.
Evan Solomon teases new AI laws as experts warn Canada is behind international peers
AI minister pledges to tackle deepfakes and data transfer at governance conference in Montreal.
Techskis returns to the slopes in March 2026
Startups can pitch venture investors on the chairlift before shredding in the Blue Mountains.
“Still processing”: Lighthouse Labs co-founder shares lessons from sale to Uvaro and bankruptcy
At TechExit.io, Jeremy Shaki unpacks how it felt watching his 12-year project “fall apart.”
Neo Financial completes first-ever hat trick of Deloitte Technology Fast 50 rankings
Together, 2025 winners averaged a three-year revenue growth of 2,623 percent.
Cybrid closes $10-million USD Series A round to bring stablecoins to the business mainstream
FinTech company gets backing from BDC Capital as Bank of Canada signals openness to stablecoin.
AI minister won’t rule out American involvement in Canada’s sovereign cloud
Evan Solomon says sovereign cloud strategy may have room for “multiple players.”
FINTRAC issues record-setting, $177-million fine against crypto exchange Cryptomus
Money laundering watchdog hands out hefty penalty for failure to submit over 1,000 suspicious transaction reports.
Calgary’s Future Summit 2025 looks to drive deals in legacy industries, AI, and infrastructure
Three-day conference from Nov. 18-20 designed to achieve real business outcomes.
Felix Health raises $53 million in growth financing to get more “aggressive” in telehealth
Newly profitable Toronto startup aims to scale operations before generic weight loss drugs arrive in Canada.
Canada’s FinTech industry enters new era as Bank of Canada taps first payment service providers
Wealthsimple, Venn, Brim, and others are now subject to new rules and payment rail access.