Shopify stumbling, Rogers resilient, recession fundraising
All bets are off.
fintech
Clearco cuts a quarter of staff amid “significant headwinds”
Clearco called the cuts “necessary” and “prudent.”
Crypto custodian Balance completes SOC 2 audit to increase customer confidence
Balance joins growing list of crypto firms becoming SOC compliant.
Canadian startup news of the week (7/24/22)
Plus: Shopify presses play on YouTube, Lightspeed pairs well with OpenTable.
R|T: The Retail Times – Inside Amazon’s strategy to shield its profits from Canadian taxes
Plus: Shopify completes acquisition of Deliverr.
Borrowell launches credit building program for renters
The program allows users to self-report rental payments.
Funding party is over as Toronto tech stumbles in Q2 2022
Investment in Q2 2022 fell 69 percent from record-setting first quarter.
EQ Bank latest bank to join Flinks’ open banking environment
Another bank signs an open banking deal with a FinTech firm as Canada’s system is underway.
Multilingual chatbot startup Proto secures $5.6 million for global expansion
Proto’s polyglot chatbot was created to improve inclusion, protection of customers.
Helcim, MintList, Ukko Agro among startups in third cohort of Google’s Canadian accelerator
Participants range from smart windows to dental software to agtech.
R|T: The Retail Times – Knix sells, Bruush to IPO, Tiggy halts operations
Plus: How Wish Built (and Fumbled) a Dollar Store for the Internet.
A|I: The AI Times – It’s never been more important to address diversity in AI
Plus: Why business is booming for military AI startups.
Payments Canada appoints Wealthsimple’s chief compliance officer to member advisory council
The appointment marks the only FinTech startup rep on the council.
H|T: The Healthtech Times – Period, fertility apps could be weaponized in post-Roe world
Plus: Judge rules Apple Watch infringed AliveCor’s ECG patent, setting up potential U.S. import ban.
A|I: The AI Times – Toronto wants to kill the smart city forever
Plus: Tesla is cutting about 200 Autopilot jobs.