Canadian startup news of the week (11/01/20)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
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Willful acquires competitor WillowBee as it prepares for expansion to new provinces
Toronto-based Willful, which provides online will and estate planning, has acquired Ottawa-based WillowBee, an online will…
The Lord Mayor of London wants Canadian tech to know the UK is open for business
In April, the Lord Mayor of London, William Russell, was to lead a trade mission to Toronto as part of ongoing plans to drum…
Federal government provides $1.3 million to Alberta Innovates for programs supporting SMBs amid COVID-19
Alberta Innovates is receiving a cumulative $1.3 million investment from the federal government’s Western Economic Development…
Lendesk acquires mortgage origination platform Finmo
Vancouver-based FinTech startup Lendesk has acquired Calgary-based Finmo Financial Technologies, which offers a mortgage origination…
Nudge.ai co-founder Paul Teshima joins Wealthsimple as chief client experience officer
Toronto-based FinTech startup Wealthsimple has tapped Paul Teshima, the co-founder and former CEO of another notable Canadian…
Alberta opens immigration stream to promote tech startup creation
Alberta’s government has launched one of its previously-announced immigration streams aimed at promoting entrepreneurship…
Two years after its own acquisition, Achievers buys TemboSocial
Toronto-based Achievers, a software company that offers employee voice and recognition solutions to businesses, has acquired…
Proptech startup Doorr acquired by mortgage business of Finastra
Doorr, a Toronto-based proptech startup that offers a mortgage platform for brokers and financial institutions, has been acquired…
Eight startups joining Intuit Canada, Highline Beta’s Prosperity accelerator
FinTech company Intuit Canada and venture capital firm Highline Beta have revealed the eight startups in the inaugural cohort…
Wealthsimple announces $114 million investment led by TCV, claims $1.4 billion valuation
Toronto-based FinTech startup Wealthsimple has raised $114 million CAD in equity financing. Following the raise, Wealthsimple…
Today in hires: Traction Guest, TextNow, Deep Genomics, Perk Labs
Four Canadian companies have filled positions on their leadership teams. Here’s a breakdown of who is joining and what they…
Clearbanc deepens push into e-commerce with inventory financing
Toronto-based Clearbanc has launched a new inventory program, whereby Clearbanc purchases inventory directly from suppliers…
Today in funding: Course Studio, Olive, goPeer, WeUsThem, Prospre
Five Canadian startups have announced fresh funding to fuel their growth, including Course Studio, Olive, goPeer, WeUsThem,…
Properly receives $100 million in financing to fuel tech-enabled home buying process
Canadian startup Properly has secured $100 million CAD in debt financing to help support its capital heavy expense of purchasing…