Trio of Canadian tech companies show progress towards profitability in earnings this week
Thinkific hits positive EBITDA as Coveo and Mogo shrink losses.
layoffs
Tokens.com slashes headcount by 40 percent in push to cut costs
Web3 firm is also exploring a potential sale of business segments.
R|T: The Retail Times – Shopify and Lightspeed shares surge after beating forecasts
Plus: Amazon unveils first BNPL option for SMBs through Affirm.
Dapper Labs, Nesto, Certn, top Deloitte’s 2023 Technology Fast 50 list
FinTech startups made a mark on the list of Canada’s leading technology companies.
Slack CEO Lidiane Jones to depart after a year in the role
Jones will become CEO of Bumble as Salesforce-owned Slack looks for its third CEO in as many years.
F|T: The FinTech Times – Sam Bankman-Fried convicted on all charges, Intuit winds down Mint
Plus: BDC recommits to seed deals with $50M fund.
BDC recommits to leading seed deals with new $50-million fund
Plus: The BetaKit Keynote Stage returns to SAAS NORTH 2023.
Lightspeed’s stock rises as firm exceeds outlook for fiscal Q2, achieves positive EBITDA
Company takes a step towards profitability, boosts revenue guidance.
Faire cuts 250 employees in its second layoff round in last year
Last year, Faire slashed seven percent of its workforce as the e-commerce boom dimmed.
R|T: The Retail Times – Former Shopify leader launches AI imaging tool for merchants
Plus: Shein and Temu call off US legal spats.
BDC Capital recommits to leading seed deals in startups across Canada with new $50-million fund
VCs applaud BDC’s commitment to direct seed funding, ask for more emerging manager support.
Ecobee’s Stuart Lombard retires, AI “godfathers” sign new policy letter
Plus: Wealthsimple’s CCO says a “lack of political will” harming FinTech innovation.
S|W: The SaaS Weekly – Struggling BBTV to go private while BlackBerry spinout eyes June IPO
Plus: What Allen Lau learned from Wattpad’s $754-million acquisition.
EDC report says Canada is struggling to convert startups to scaleups
Plus: Ripple Ventures plants flag in Vancouver as part of coast-to-coast Fund III.
R|T: The Retail Times – Inside the chaos of New York’s Airbnb ban
Plus: Flexport continues weekly cuts with 20 percent workforce reduction.