Former Plooto CEO Hamed Abbasi acquitted in sexual assault case
Abbasi faced up to 10 years in prison if convicted.
FinTech
Brightspark spinout Brio nabs $3 million to help other VCs manage their LPs
Brio co-founder and CEO Audrey Ostiguy described Brio as Brightspark’s “secret sauce.”
Trulioo sees “significant growth” in Asia-Pacific region soon after entering market
Identity tech company rode a wave of demand from online stores and FinTech firms.
Canadian-founded Fluent Ventures bets on global startups with $40-million USD early-stage VC program
Fluent sees Canada as “a core geography” as firm eyes innovation beyond Silicon Valley.
FundThrough acquires American company Ampla alongside fresh Series B funding
Macroeconomic uncertainty inspired invoice factoring platform to raise $34.6 million CAD.
France’s Alan comes to Canada with digital group health insurance for tech startups
Teachers-backed unicorn aims to help disrupt Canada’s health insurance market.
BMO launches a workplace savings platform with FinTech startup Link
Calgary startup’s product aims to modernize company-run plans amid wobbly stock market.
TruthSayer claims its AI “Hedge Fund-in-a-Box” is a cheaper, smarter alternative for investments
The Canadian company believes it can outperform conventional trading strategies using AI models.
PolicyMe eyes new insurance products, more big-name partners after raising $30 million over two years
Toronto insurtech startup is investing big in AI but cautious about implementation in “tricky” industry.
WonderFi spent $3.6 million on ransom and security upgrades in connection with CEO’s kidnapping last year
In the crypto world, high-profile figures face significant security risks.
Wealthsimple acquihires Plenty, a San Francisco-based wealth management platform for couples
Co-founders of Inovia-backed startup will help Wealthsimple expand family-focused products.
The team behind Intuit’s AI-driven expert platform
The Virtual Expert Platform built by Intuit is a proving ground for Canada’s top engineering talent.
“Every dollar counts”: amid trade war, Float launches foreign exchange solution to help companies cut costs
FinTech startup rolls out currency conversion to help clients doing business stateside weather the economic storm.
Crypto exchange Kraken gains restricted dealer licence and new leader of Canadian operations
Cynthia Del Pozo takes the place of Alex Mehrdad, who held the role for just over a year.
Optimism continues in Canadian decentralized finance as DeFi and WonderFi report major gains year-over-year
A US administration more favourable to crypto has DeFi companies anticipating another year of growth.