After two quarters of sluggish growth, Shopify increases revenues in Q3 2022, but eyes future quarters for road to recovery
Shopify share price rises along with reports of increased revenues in third quarter results.
layoffs
RenoRun lays off 43 percent of staff to extend runway as inflation rises and consumer confidence falls
RenoRun founders: “The business climate we are operating in has fundamentally changed.”
R|T: The Retail Times – Instacart reportedly pulling IPO plans
Plus: Does Shopify have a customer retention problem?
WonderFi swaps CEOs, plans hedge against crypto volatility with stock trading and sports betting
New CEO brings operational experience as WonderFi looks to diversify beyond crypto to find new revenue streams.
S|W: The SaaS Weekly – Microsoft makes more—quiet—staff cuts
Plus: BetaKit takes over SAAS NORTH stage in November.
F|T: The FinTech Times – Wealthsimple achieves a Canadian FinTech first, plots new products
Plus: Mastercard to help make crypto trading easier.
Canadian startup news of the week (10/23/22)
Plus: Meet Alberta’s new innovation minister.
H|T: The Healthtech Times – Is Noom doomed?
Plus: 26 Canadian tech startups added to list of firms on path to $1 billion in annual revenue.
A|I: The AI Times – Ontario’s new IP czar, Montréal’s new AI hub
Plus: Shinydocs, Encircle, Proto receive cumulative $7.5 million from FedDev Ontario.
Wealthsimple first FinTech startup approved by Bank of Canada for direct settlement
The approval will give Wealthsimple direct access to Real-Time Rail.
F|T: The FinTech Times – FinTech startups say what’s happening in Canada is “not normal”
Plus: Abraham Tachjian says open banking work “absolutely” on track.
Canadian startup news of the week (10/17/22)
Plus: Payments Canada delays Real-Time Rail payment system launch (again).
Boom to bust cycles & why there’s no Canadian techlash
The Canadian companies best adopting big-tech strategies aren’t “tech” companies.
H|T: The Healthtech Times – Can a hackathon build ArriveCan for less than $54 million?
Plus: Digital health funding in Q3 slides to 2019 levels.
Report: digital workers provide “immense” economic value, but talent shortage remains
The report found 67 percent of Canadian businesses find it challenging to hire the digital workers they need.