WonderFi, Bitfarms, Tokens.com, CoinSmart post earnings during a volatile period for crypto
Bitcoin sell-off, other factors impact companies’ bottom lines.
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Value of Power Corp’s FinTech portfolio drops as Wealthsimple faces second May markdown
Power calls decrease in fair value of Wealthsimple stake “consistent” with broader stock market decline.
Well Health Technologies posts record Q1 revenue, announces $30 million bought deal offering to fuel acquisitions
Despite record revenues the last two quarters, Well’s share price has fallen nearly 43 percent over six months.
Payment network giant Affirm extends its partnership with Shopify
Multi-year agreement extension cements Affirm as exclusive Shopify provider.
Celtic House venture partner Jonathan Graff joins LifeRaft Inc. as CEO
Graff built digital media company, Kaboose, to over 500 employees.
Tengiva closes $5 million to tackle supply chain issues in the textile industry
Investor says Tengiva is “at the right place at the right time.”
H|T: The Healthtech Times – Zymeworks has the blues
Plus: Think Research to continue acquisition spree with new $25 million credit facility.
Lightspeed leverages acquisitions to launch new flagship omnichannel retail platform
Lightspeed Retail launch follows company’s recent C-Suite shakeup.
Neo Financial joins Canada’s unicorns as Peter Thiel’s Valar triples down with $185 million round
Wealthsimple had Paul Desmaris to fuel its growth; Neo has Peter Thiel.
R|T: The Retail Times – Amazon jabs at Shopify
Plus: Shipfusion secures $51.2 million CAD to expand warehouse network to Dallas, New Jersey.
Tailscale closes $128 million CAD Series B to scale VPN service, amass more developer evangelists
Amid a sea of top-down network security solutions, Tailscale’s bottom-up approach is paying dividends.
Nicoya acquires University of Toronto spinout LSK Technologies to bolster testing capabilities, expedite product roadmap
Deal adds LSK’s “lab-in-a-box” testing platform to Nicoya’s portfolio of digital proteomics tech.
H|T: The Healthtech Times – Robots combat nurse burnout
Plus: Clipboard Health, which matches health workers with facilities, raises $80M.
Amid rising competition with Amazon, Shopify reports 45 percent increase in economic activity fuelled by its merchants
Report comes as Shopify pursues Deliverr, Amazon encroaches on Shopify’s territory.
R|T: The Retail Times – Shopify aims to Deliverr
Plus: Shopify makes strategic investment in US AI recommendation startup Crossing Minds.