Interac appoints Jeremy Wilmot as new president and CEO
Interac is set to serve as exchange provider for Canada’s RTR system.
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F|T: The FinTech Times – Stripe looks to enter the credit space
Plus: OSC advisory panel backs stronger crypto regulation.
Inside Canada’s new early-stage VC firm
Plus: Shopify facing $130M lawsuit for alleged attempts at slashing severance pay.
Canada is in a health care crisis. What’s the prescription?
Brett Belchetz (Maple) and Alexandra Greenhill (Careteam) diagnose the failings of Canada’s health care system.
As crypto markets consolidate, Bitbuy debuts new staking offering
Shakepay also joins the list of regulated crypto platforms in Canada.
FemTherapeutics raises $2.5 million CAD to address pelvic floor disorders with custom vaginal prosthetics
FemTherapeutics combines AI and 3D printing to design vaginal pessaries specific to each patient.
H|T: The Healthtech Times – FDA approves Elon Musk’s Neuralink for human clinical study
Plus: AbCellera and BenchSci get combined $395 million
Doormat raises $1.25 million to make real estate legal services easier
Doormat is currently available in Ontario and plans to expand into British Columbia and Alberta.
PSG makes investment in Hostaway to expand its vacation-rental software amid travel rebound
Sources indicate PSG took majority ownership of Hostaway as part of the deal.
A|I: The AI Times – AbCellera and BenchSci secure big funding
Plus: Ex-OpenAI execs raise $450 million for rival Anthropic.
Geoffrey Hinton, Yoshua Bengio warn “risk of extinction from AI” in public letter
Signatories include OpenAI’s Sam Altman, Vector Institute and Mila researchers, and musician Grimes.
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.
S|W: The SaaS Weekly – Microsoft launches Fabric, mCloud looks to go private
Plus: Novisto closes $27-million Series B.
F|T: The FinTech Times – Now in Canada: Hiive’s VC secondary trading platform
Plus: QED closes on $925M to back FinTech startups globally.
Canadian startup news of the week (5/28/23)
Plus: What’s on the table for Alberta’s tech sector this election?