Canadian startup news of the week (4/10/22)
Plus: Sid Paquette will now head RBC Ventures and RBCx.
fintech
Uplinq raises $4.4 million CAD to help small business lenders make accurate decisions
Uplinq’s credit assessment platform provides ‘billions’ of data signals beyond traditional credit indicators.
Sid Paquette will now head RBC Ventures and RBCx
Paquette will lead some 500 staff members between the two groups.
Cybrid secures $3.8 million CAD seed round to help challenger banks launch crypto
Cybrid calls itself “the crypto banking-as-a-service provider.”
With new investment product, is Neo Financial’s biggest competition now Wealthsimple and Questrade, or the big banks?
The Prairie FinTech has teamed up with fellow Calgary startup OneVest for Neo Invest.
Payments Canada announces global firm Tata Consultancy Services will lead the integration of the Real-Time Rail system
Real-Time Rail system is meant to modernize Canada’s payments infrastructure when completed.
LayerZero Labs reaches $1 billion valuation in round backed by Sequoia Capital, Andreessen Horowitz
Tom Brady, Justin Timberlake, crypto leaders like Dapper Labs invested in the $135 million round.
Canadian startups in Y Combinator tie all-time high at Winter 2022 Demo Day
For the second time, 16 Canadian startups participated in a YC cohort.
Dapper Labs, Wealthsimple, WonderFi founding members of new Canadian Web3 Council
As regulation looms, group calls for national strategy for crypto and digital assets.
Cybersecurity certifications are the prenups of the business world
Before saying ‘I do,’ orgs need the right certification to guarantee a match made in heaven.
Diagram and Real Ventures-backed Breathe Life acquired by US insurtech SE2
SE2 says Breathe Life’s Montréal HQ “creates springboard” for tech talent expansion.
Canadian startup news of the week (3/27/22)
Plus: How NFTs might change music and gaming.
WonderFi clears regulatory hurdles, set to close acquisition of registered crypto marketplace Bitbuy
CEOs think deal could mark step towards crypto consolidation, DeFi regulation.
Hardbacon acquires Simple Rate to consolidate financial product comparison tools
Hardbacon is focused on acquisitions that help users bring home the bacon.
Mogo launches venture arm following mixed Q4 with record revenue, large net loss
Mogo attributes most of loss to drop in value of Coinsquare warrants.