Thoughtwire, Finaeo make staff cuts as Canadian tech continues to face economic headwinds
Both companies are staying mum on the number of employees cut.
FinTech
Clearco hands overseas business to Outfund to focus on North American market
The market exit comes less than a year after Clearco began expanding its international operations.
SureBright raises $3.2 million CAD to reinvent retail insurance
SureBright has integrated its insurance and warranty solution with Shopify vendors.
F|T: The FinTech Times – Canadian FinTech is in the tank, but this challenger bank thinks it can stay afloat with scale
Plus: Canadian tech companies continue to hire despite downturn.
Bench taps current president and CFO, Jean-Philippe Durrios, as new CEO
Bench board called Durrios the “clear choice.”
Flow Ventures partner Bryan Watson lands at Venbridge as SVP of business development
Watson will use his expertise in SR&ED credits to attract more business.
Three Canadian startups selected for Google’s latest Women Founders accelerator cohort
Blossom Social, Emaww, MedEssist represent Canada in the third installation of Google’s accelerator.
Insurtech startup Relay Platform acquired by US-based cyber insurance provider At-Bay
Relay Platform specializes in cyber insurance.
“There’s a storm coming, but we’re on a good boat.” Koho says it’s ready to navigate downturn
Canadian FinTech is in the tank, but this challenger bank thinks it can stay afloat with scale.
F|T: The FinTech Times – Why Bank of Canada’s Ron Morrow says FinTechs “need to be ready”
Plus: Crypto firm FTX gets warning from FDIC to stop ‘misleading’ consumers about deposit protection.
Bank of Canada’s Ron Morrow: FinTechs “need to be ready” for upcoming retail payments regulations
Morrow expects the Bank will begin registering payments service providers in 2024.
F|T: The FinTech Times – Vitalik Buterin at the crypto cabana
Plus: Biggest Africa startup battles multiple allegations in IPO runup.
Market watch: Q4 Inc., E Inc., Goeasy Ltd., BBTV Holdings Inc.
Companies are working to weather challenging market conditions.
Talk of regulation, market conditions collide with glitzy behaviour at Blockchain Futurist Conference
At the crypto cabana there was no sign of a downturn.
Home and auto insurance marketplace YouSet raises $2.1 million, launches in Ontario
The Montréal startup plants its feet in Ontario in preparation for a nationwide launch.