Financeit acquires consumer-loans competitor Simply Group Financial
The deal is estimated to be worth between $175-million and $225 million.
Canadian Startup News
Harvest Venture Builders adopts AI focus with new climate and energy vertical
Leaders from energy, FinTech sectors appointed to support Harvest’s new vertical.
Canadian startups Oncoustics, OneCup AI among Google’s first North America-wide cloud accelerator cohort
Google piloted the cloud accelerator in Canada, then extended it to US startups this year.
Three Canadian FinTech startups hiring full-stack developers
Neo Financial, Helcim, and Shakepay are looking to hire full-stack developers of varying experience levels.
Neo Financial launches secured credit card to help Canadians build credit
The product launch comes as Neo navigates a tough consumer-banking market.
Québec’s quantum scene gets boost with new factory, startup studio
French VC, quantum processor manufacturer choose Sherbrooke for its academic expertise, infrastructure.
A100 partners with software maker REES to tackle harassment in Alberta tech community
REES is setting up a third-party, online incident reporting program to measure and address harassment.
Gaming and esports tech firm Swarmio files for creditor protection
Swarmio Media has announced that it is seeking creditor protection. The Halifax-headquartered gaming tech firm has filed an…
EDC increases its matching investment maximum from $5 million to $25 million
Since launching in 2020, the EDC Matching Investment Program has made over $390 million in co-investments.
Altis Labs closes $7.9 million CAD to evaluate cancer treatments using AI
Altis has worked with UHN, Sunnybrook to develop its cancer imaging database.
York University’s Schulich School of Business continues tech leadership focus with new certificate programs
Program directors include leaders from OMERS Ventures, Wealthsimple, Q2, and Panache.
Shopify makes checkout solution Shop Pay available to enterprise retailers not using Shopify
The move represents part of Shopify’s push to woo larger clients.
Chexy raises $1.3 million for platform that lets tenants pay rent with credit cards
Chexy becomes latest FinTech firm to offer rewards for tenants.
Building-design startup Augmenta raises $15.57 million CAD to hire staff, refine beta
The company says it uses AI to create building designs in a matter of minutes or hours.
Train Fitness closes $2.5 million USD to expand automatic workout-tracking app for strength training
Relay Ventures-backed Train Fitness aims to track weight-lifting without data entry.