Canadian startup news of the week (8/28/22)
Plus: How GrowthX found product-market fit across Canada’s accelerators.
fintech
“There’s a storm coming, but we’re on a good boat.” Koho says it’s ready to navigate downturn
Canadian FinTech is in the tank, but this challenger bank thinks it can stay afloat with scale.
Canadian startup news of the week (8/21/22)
Plus: Bank of Canada’s Ron Morrow says FinTechs “need to be ready”.
Canadian startup news of the week (8/14/22)
Plus: Framework Venture Partners secures $100 million USD first close for second fund.
Market watch: Q4 Inc., E Inc., Goeasy Ltd., BBTV Holdings Inc.
Companies are working to weather challenging market conditions.
Market watch: Nuvei, Propel, Payfare, and Mogo
FinTech companies ride out a turbulent market.
Wagepoint acquires KinHR to offer employee management software
KinHR marks Wagepoint’s second acquisition after securing $10 million from PSG.
As other lenders collapse, Ledn bets conservative approach will help startup survive crypto winter
Ledn co-founder eyes M&A, anticipates more crypto lending regulation amid crash.
With a new team, Framework Venture Partners secures $100 million USD first close for second fund
Barbara Dirks, Jim Texier, Mike Dobbins join for Fund II, target $250M final close.
Sandpiper Ventures closes $20 million first fund focused on early-stage, women-led tech startups
Sandpiper sees “huge … and untapped opportunity” to back more women entrepreneurs amid market downturn.
ZayZoon raises $25.5 million to expand its earned wage access business across the US
ZayZoon’s earned wage access model never caught on in Canada, but took off south of the border.
QuadFi uses AI to make it easier for Canadian newcomers to obtain financing
The B Corp aims to give immigrants a boost with low-interest loans.
Canadian startup news of the week (8/1/22)
Plus: Our podcast was nominated for an award.
Shopify stumbling, Rogers resilient, recession fundraising
All bets are off.
Clearco cuts a quarter of staff amid “significant headwinds”
Clearco called the cuts “necessary” and “prudent.”