fintech

RBCx hires former SVB Canada employees to bolster support for seed-stage and life sciences startups

RBC joins growing list of Canadian banks to add talent from now-defunct SVB Canada.

VCs applaud BDC’s commitment to direct seed funding, ask for more emerging manager support.

Plus: Wealthsimple’s CCO says a “lack of political will” harming FinTech innovation.

GP Angela Tran says a constrained venture capital landscape requires founders to be better storytellers.

PADS looks to leverage AI and blockchain with its online mortgage servicing platform.

Nearly half of the tech workers who moved to Canada between April 2022 and March 2023 originated from India.

Plus: Flexport continues weekly cuts with 20 percent workforce reduction.

Ten Coves Capital, EDC join existing backers Information VP, HarbourVest.

Hiive is still seeing a significant bid-ask spread for secondary stakes on its platform.

Plus: Exploring the forgotten history of Canadian venture capital.

Neo Financial was recognized as scaleup of the year while Jobber was awarded for its $100 million Series D.

Quickly claims to solve the delayed-payment problem for B2B companies.

Plus: VC interest in fertility continues with $20M Series A for Pollin.

Plus: Instacart quickly loses its IPO gains.

Startups focused on industrial automation, carbon adsorbents, and aerospace maintenance are part of the new cohort.