PitchBook analysts say 2023 VC funding is “pretty much shot,” long-term recovery appears likely
PitchBook analyst: “It’s not going to be a six-month turnaround.”
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Shopify’s venture arm unveils portfolio in new website launch
Shopify’s investments focus on funding the companies that support its merchant ecosystem.
Almost sideswiped by a Stripe acquisition, Helcim responds with new Smart Terminal
After Stripe acquired its manufacturing partner, Helcim faced delays and an increasingly competitive environment.
Financeit acquires consumer-loans competitor Simply Group Financial
The deal is estimated to be worth between $175-million and $225 million.
Harvest Venture Builders adopts AI focus with new climate and energy vertical
Leaders from energy, FinTech sectors appointed to support Harvest’s new vertical.
Québec bolsters quantum footprint as semiconductor industry forms advocacy group
Plus: Angel investment in Canada mirrored VC dip in 2022.
Neo Financial launches secured credit card to help Canadians build credit
The product launch comes as Neo navigates a tough consumer-banking market.
Chexy raises $1.3 million for platform that lets tenants pay rent with credit cards
Chexy becomes latest FinTech firm to offer rewards for tenants.
R|T: The Retail Times – Canadian-founded company behind Instant Pot files for bankruptcy
Plus: Shopify partners with Volt to offer open banking solutions (but not in Canada).
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.
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.