F|T: The FinTech Times – Why Bank of Canada’s Ron Morrow says FinTechs “need to be ready”
Plus: Crypto firm FTX gets warning from FDIC to stop ‘misleading’ consumers about deposit protection.
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H|T: The Healthtech Times – Truepill, Peloton, and Calm all make staff cuts
Plus: ByteDance Pays $1.5 Billion for China Hospital Chain in Health Foray.
How startups can survive a market downturn
Prepare for the worst, know your metrics, and make sure you hit “OK.”
Attractions management software startup Connect&Go closes Series A round with $6.2 million top-up
Connect&Go has worked The Super Bowl, Vancouver Olympics, Comic Con.
WellnessLiving secures $66 million USD to scale operations management software for wellness centres
The Thornhill startup serves over 5,000 yoga studios, dance studios, and other wellness centres.
Canvass Analytics secures $3.3 million USD top-up for Series A round
Yamaha Motor Ventures backs Canvass again after its initial investment in 2020.
Interaxon secures $9.5 million USD to roll out subscription model for brain sensing headband, Muse
The subscription program is set to launch in Q1 next year.
As other lenders collapse, Ledn bets conservative approach will help startup survive crypto winter
Ledn co-founder eyes M&A, anticipates more crypto lending regulation amid crash.
A|I: The AI Times – Behind the push to call AI sentient
Plus: Meta’s chatbot won’t stop talking about itself.
Properly secures $36 million CAD, pulls back on geographic expansion plans as Canadian housing market cools
Provincial expansions across BC, Ontario, and Québec have been pinned in favour of focus on Toronto and Vancouver.
ZayZoon raises $25.5 million to expand its earned wage access business across the US
ZayZoon’s earned wage access model never caught on in Canada, but took off south of the border.
Canalyst acquired by Chicago-based Tegus in massive BC tech exit
Sources say deal is north of $400 million CAD.
Fable raises $8.4 million CAD Series A to fuel move beyond tableware
Fable wants to sell “all the little items … that make a house a home.”
F|T: The FinTech Times – The bottom fell out of Canadian FinTech
Plus: Former Coinbase manager arrested for insider trading.
Mark McQueen thinks it’s a great time to have a chequebook
The President of CIBC Innovation Banking is not concerned about the current tech downturn.