layoffs

Canadian startup news of the week (6/19/22)

Plus: Inovia raises $420 million CAD for fifth early-stage venture fund.

Layoffs continue to sweep Canada’s tech sector.

Bitvo is one of the few Canadian crypto companies registered as a restricted dealer.

PwC data finds Canada’s growth in M&A last year was in step with a global surge.

Plus: Amazon’s Consumer Chief Dave Clark joins supply chain startup Flexport as CEO.

Listing comes after WonderFi reduced its staff by between 15 to 20 percent.

Approximately 13 percent of Wealthsimple staff are affected by the cuts.

Following Bitbuy acquisition, WonderFi has reduced staff by at least 15 to 20 percent.

With help of US-based FinTech Collective, CapIntel aims to build on Canadian growth.

Plus: The results are in for Tobi Lütke at Shopify.

Plus: Quebec’s medical records database still only accessible via Internet Explorer.

Plus: Amazon CEO of Worldwide Consumer Dave Clark resigns.

CEO says FinTech products make B2B play more sticky.

Plus: BC startups Kardium, HTEC, Kobalt, Symvivo receive cumulative $11.1 million from feds.

The cuts come three months after Clearco promised to hire 125 people in Ireland.