R|T: The Retail Times – Why women in retail are leaving CEO positions
Plus: Lightspeed CEO muses about privatization; Giant Tiger’s cyberattack.
fintech
Brim Financial closes $85-million Series C led by EDC to fund US expansion
FinTech firm fuels up to accelerate growth south of the border.
Startup Open House returns to its roots after acquisition by MTL NewTech
The one-day showcase is hoped to draw up to 900 attendees.
Nuvei to be acquired by US-based Advent and taken private in $6.3-billion USD deal
Nuvei will become the latest in string of publicly traded Canadian tech companies to go private.
Why Dax Dasilva thinks about taking Lightspeed private
Plus: Notman House is for sale. A startup-led effort wants to buy it back.
WonderFi responds as shareholders Kaos Capital, Mogo push for board overhaul
Kaos and Mogo want board changes. WonderFi claims Mogo wants control without paying a premium.
R|T: The Retail Times – Tobi Lutke granted a nine-figure Shopify compensation package
Plus: Sonder faces class action, Busbud continues LATAM push.
A|I: The AI Times – Cohere seeks big-time valuation despite small-time revenue
Plus: Canada’s underinvestment in computing threatens its AI advantage.
Earned wage startup ZayZoon brings on two new backers with Series B extension
The extension brings the FinTech startup’s Series B round to nearly $50 million USD.
John Ruffolo has advice for Canada’s pension funds
Plus: CDPQ quietly shutters $250-million D&I fund.
Borderless AI launches from stealth with $27 million for HR assistant
AI-powered product can answer legal, finance, or tax queries in 170 languages.
SEC orders Delphia to pay $225,000 USD for “false and misleading” statements about use of AI
Toronto startup one of two companies accused by US securities regulator of “AI washing.”
Nuvei stock rises as company confirms discussions following report of potential buyout
Nuvei has formed a special committee to evaluate “expressions of interest” the company has seen.
R|T: The Retail Times – Life House CEO departs following mismanagement accusations
Plus: Travel perks platform Plusgrade gets a new major investor.
Ex-BDC partner aims to back early-stage “AI frontier” startups with Defined Capital
Fund has closed over a third of $15-million USD target from LPs like Inovia, Band, and BC tech entrepreneurs.