S|W: The SaaS Weekly – Oracle tops sales estimates as AI-frenzy spurs cloud demand
Plus: Automotive software maker LeddarTech inks SPAC deal to go public on Nasdaq.
fintech
The two Canadian cities rising in Startup Genome’s global ecosystem rankings
Plus: Real-Time Rail delays are an unmitigated disaster.
Shopify partners with Volt to offer open banking solutions (but not in Canada)
Features available to Shopify merchants in Europe, Brazil, and other markets not beset by implementation delays.
Rollout of Canada’s Real-Time Rail payment system delayed again as project undergoes second review this year
Payments Canada cites “current delivery delays, unrelated to the exchange technology components.”
Wealth management startup OneVest raises $17 million CAD Series A
The startup plans to expand to the US and partner with major banks and wealth-management firms.
Interac appoints Jeremy Wilmot as new president and CEO
Interac is set to serve as exchange provider for Canada’s RTR system.
Ex-Panache, ScaleUp partners team up to launch new early-stage VC fund CMD Capital
As funding has dried up, David Dufresne and Matt Roberts say they plan to lead and price early-stage rounds.
With regulatory approval, Hiive launches VC secondary trading platform in Canada
Closed IPO window, “discount mentality” driving secondary trading.
Novisto closes $27-million CAD Series B to help companies improve their ESG reporting
Novisto gears up for growth as shareholder ESG pressure heats up.
As Nasdaq delisting looms, asset management firm mCloud looks to go private
mCloud’s Nasdaq shares declined by 80 percent in the last year.
CVCA: Canadian venture capital continues to fall back to pre-pandemic levels
Canadian trends are in line with the US and global results.
A|I: The AI Times – At I/O, Google makes up for lost time
Plus: Bessemer and SoftBank bet big on AI.
Wealthsimple to let users insure up to $300,000 as global bank failures prompt better depositor protection
When SVB collapsed, US depositors could only insure up to $250,000.
Small business banking platform Vault launches with backing from Google’s Gradient Ventures
Vault’s co-founders have previously worked at Revolut, Koho.
Québec attracted more venture funding than any other Canadian region in Q1 2023
Québec startups raised a cumulative $317.3 million in Q1 2023.