Nuvei to acquire Simplex for $250 million USD
Nuvei is set to acquire FinTech and cryptocurrency startup Simplex in an all-cash deal totalling $250 million USD. The companies…
fintech
Information Venture Partners closes third fund, raising $124 million CAD
Toronto-based venture capital firm Information Venture Partners (Information VP) has closed its third venture fund, securing…
Toronto became a healthtech hotbed in 2020
Healthtech has emerged as a leading vertical for venture capital investment in the Greater Toronto Area (GTA) as COVID-19 pushed…
Willful signs partnership with insurance giant Allstate following launch in Québec
Toronto-based Willful, which offers online will and estate planning, has launched a new national partnership with Allstate…
Fluence Technologies raises $12.5 million CAD, swaps CEOs to fuel next phase of growth
Toronto FinTech software startup Fluence Technologies has closed a $12.5 million CAD ($10 million USD) Series A round from…
Wealthsimple secures $750 million CAD, claims $5 billion valuation
Wealthsimple has raised a $750 million CAD financing round as the FinTech company looks to expand its market position and continue…
Farm payroll startup Labora wins SFU entrepreneurship competition
Surrey, British Columbia-based FinTech startup Labora has taken home the top prize at Simon Fraser University’s (SFU) 10th…
Large deals fuelled Calgary’s healthy 2020, but Western Canada could have an early-stage funding problem
Although Calgary tech startups raised more venture funding through more deals in 2020 than in the year prior, a lack of early-stage…
Today in funding: Cape Privacy, Plooto, Lumeto, ReelData, Heirlume, Axya
Six Canadian tech startups have recently secured fresh funding rounds to fuel their growth. Here’s the latest on who raised,…
Vena raises $300 million from Vista Equity Partners
Financial planning startup Vena has raised $300 million CAD in Series C funding from Vista Equity Partners. The Series C round…
New report indicates potential investing gap for BC’s early-stage startups
A new analysis by Hockeystick of British Columbia’s deal activity for 2020 shows a gap in early-stage startup funding. Hockeystick’s…
Revolut CEO Nikolay Storonsky says company will return to Canada in 2022
The CEO of United Kingdom-based FinTech startup Revolut says the company intends to return to Canada next year, after leaving…
Vertu Capital secures minority stake in Dejero with $60 million investment
Waterloo-based company Dejero, which provides communications connectivity tech, announced a $60 million CAD minority recapitalization…
FDX reports 16 million consumers using API, claims Canada, US lead in open banking adoption
The Financial Data Exchange (FDX), an organization that aims to bring the financial industry under a common standard for financial…
Wayfair, Cloudflare join growing group of international firms opening Toronto offices
Two global companies, e-commerce firm Wayfair and software company Cloudflare, have announced plans to open new offices in…