R|T: The Retail Times – “Ready-to-eat” gets funding fuel while grocery delivery grinds to a halt
Plus: Shopify takes heat from ISS over plan to give CEO more power.
fintech
Manzil looks to expand Halal financial services platform with $2.44 million CAD, acquisition of Muslim Will
Manzil’s mandate is “to bring a digital Islamic financial institution to Canada.”
Pine comes out of stealth to build “Wealthsimple for home buying”
Pine has secured $27 million since it was founded in 2021.
Lendified expressed doubts about moving forward as a company after posting first quarter loss
Lendified said it is running an accumulated deficit of $52.2 million.
R|T: The Retail Times – Shopify is testing Shop Cash
Plus: Lightspeed sees a path to profitability.
S|W: The SaaS Weekly – Canadian-led Imply’s “multi-billion dollar opportunity.”
Plus: A timeline of Elon Musk’s takeover of Twitter
Gig economy banking app Moves raises $5 million in OMERS-led seed round
Moves wants to make the gig economy work for its workers.
Canadian startup news of the week (5/23/22)
Plus: Round13 launches new Web3 fund with initial $70 million USD.
Brim Financial appoints former Marqeta VP Arthur Zhao as chief financial officer
Arthur Zhao co-led Marqeta to its Nasdaq IPO last year.
Round13 launches new venture fund with initial $70 million USD to back blockchain companies providing “the base” for Web3
Bruce Croxon: Web3 infrastructure “a natural extension” to Round13’s software investments.
Fobi AI inks deal to acquire Basket and bolster coupon aggregator offering
Fobi goes shopping for its second couponing solution.
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.
PayTic raises $2.95 million to help banks, credit unions centralize program management
PayTic wants to remove Excel spreadsheets from payment reconciliation.
Pocketed co-founders pocket $25,000 prize money in pitch contest for women entrepreneurs
Pocketed, which helps businesses find grants, gets granted with $25,000.