Three Canadian FinTech firms strike new partnerships
VoPay, Flinks, and Payfare have been tapped to power offerings for tech giants, credit union.
Canadian Startup News
Arcadea Group secures $336 million CAD to acquire vertical SaaS companies
Capital injection brings the firm’s war chest up to $690 million CAD.
Former McMaster researchers announce $2 million to bring endometriosis test to market
Hamilton-based Afynia aims to improve the way endometriosis is diagnosed.
Xanadu and CMC among partners in academic quantum projects receiving $7.4 million in federal grant funding
INRS has three projects receiving funding from NSERC.
RetiSpec secures $13.8 million Series A to detect Alzheimer’s early through retinal imaging
American pharmaceutical giant Eli Lilly and medical device provider Topcon Healthcare join as strategic investors.
Airwallex continues Canadian expansion with Float partnership
Multinational FinTech to power Toronto-based Float’s recently launched bill pay offering.
Nascent AI user research startup Cycle acquired by US blockchain platform Crossmint
Crossmint counts Mastercard, Red Bull, and Coinbase among its 30,000-plus customers.
Looking for a job? Try a company that makes money
In the face of mass layoffs and long hiring cycles, Carbon6 wants to attract candidates with stability.
Cohere lays off five percent of staff a day after announcing $500-million USD Series D
Toronto generative AI startup cuts around 20 employees as part of “internal realignment.”
BC’s Centre for Innovation and Clean Energy invests $7.6 million across nine companies following call for innovation
Selected companies tackle energy storage, carbon management, alternative fuels, and low-carbon hydrogen.
Y Combinator grad Gumloop secures $3.1 million USD in seed funding to grow no-code automation tool
Backers include Y Combinator and founders from Instacart, Dropbox, and WePay.
Giving Canadians a fair shake
Shakepay wants to drive Bitcoin adoption in Canada, and it’s doing it in a van.
California-based Agilent Technologies agrees to buy Biovectra for $1.3 billion CAD
Biovectra is being purchased for the second time in five years.
Workstaff closes $1.6-million seed round with ambitions to expand beyond Canada
Startup has doubled team from six to 15 people, with plans to funnel funding first into the US.
Loop Energy alerts creditors to restructuring after layoffs, strategic review
TSX-listed hydrogen fuel cell company owes creditors more than $13 million, including $9 million to PacifiCan.