R|T: The Retail Times – Amazon reduces private-label operation as it battles costs, regulators
Plus: FinTech platforms are leaning more heavily on buy now, pay later.
fintech
H|T: The Healthtech Times – How Y Combinator decides which health care startups are worth a shot
Plus: Silofit closes its doors, VoxNeuro raises $4.5M to scale brain performance.
R|T: The Retail Times – Shopify and Lightspeed bring positive earnings to pessimistic markets
Plus: Uber is finally making money after years of losses.
A|I: The AI Times – Canadian AI chip manufacturer closes $100M from global backers
Plus: Luge Capital’s David Nault on making investment decisions through the AI hype cycle.
S|W: The SaaS Weekly – Atlassian & Cloudflare score big, Zoom sends employees back into the office
Plus: Uber finally makes a profit.
Canadian startup struggles continue with more layoffs, shutdowns
Plus: Do Canadian entrepreneurs take risks?
Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff
Trio joins growing list of Canadian tech firms that have restructured or ceased operating during the downturn.
R|T: The Retail Times – Shopify adds new merchant tools, loses long-time VP
Plus: Shein makes an aggressive pitch to woo US Amazon sellers.
Graphite Ventures closes $110-million Fund IV as firm builds its national presence
Graphite has added Albertan LPs and VCs, and recently invested in Montréal-based Maxa.
A|I: The AI Times – Cohere releases Coral, Shopify unveils AI suite
Plus: Yoshua Bengio issues stark warning to U.S. Senate.
Neo Financial goes all-in on embedded finance with new suite of credit cards
The FinTech startup is partnering with Tim Hortons, Cathay Pacific to offer rewards.
Luge Capital’s David Nault on making investment decisions through the AI hype cycle
Nault: AI is the “latest shiny thing that a lot of people are running after.”
Hopper to power travel portal for Brazilian digital banking giant Nubank
Hopper brought travel booking to Uber UK and is now targeting Nubank’s 80 million customers.
These two Canadian cities added 115,000 tech jobs in the last five years
Plus: BC and Toronto venture funding bounced back in Q2 2023.
Nuvei, Plaid extend payments partnership to expand to different regions and businesses
The FinTech company and payments startup are joining forces to roll out more features.