AI startups dominate latest Google for Startups Accelerator’s Canadian cohort
Ten of the 14 startups in the latest cohort claim to be using AI or machine learning as part of their core offering.
FinTech
Zūm Rails moves recently-named CEO Miles Schwartz to Miami to lead US growth initiative
Omni-rail payment solution saw 75 percent increase in its US business over the last year.
Beacon launches remittance solution to help Canadian newcomers receive money from India
Startup launched out of stealth with $5.25 million in funding earlier this year.
US-based business banking startup Mercury acquires accounting platform Teal for an undisclosed amount
Acquisition comes mere months after Vancouver startup announced an $11 million CAD seed round.
“The impact can be devastating”: ASC launches $130,000 tech challenge in bid to combat crypto scams
Alberta Securities Commission estimates $309 million of investment fraud reported last year was tied to crypto.
Northside Ventures closes first early-stage VC fund at $15 million CAD
This emerging manager just met his target amid one of the worst fundraising environments in a decade.
Bitfarms and Riot continue public squabble leading up to October shareholder meeting
Riot encouraged shareholders to “seriously question” timing of recent Stronghold acquisition.
The most important work in tech is happening on-chain
BetaKit Talks: You Don’t Know Crypto will take place on Sept. 24, presented by WonderFi.
Hardbacon to file for bankruptcy after Google search changes crush affiliate business
CEO says Google’s algorithm updates decimated SEO-reliant financial product referral revenue.
Koho rolls out reporting feature to help Canadian renters build their credit history
New offerings for renters also include tenant insurance and cash back on rent payments.
Knox Custody founders close $1.8 million CAD to launch borderless Bitcoin payments with Tmrw
Maple VC-backed, Canadian-founded startup is targeting the Caribbean market to start.
Insurtech startup YouSet raises $3.5-million CAD seed round
The startup claims to save users nearly 30 percent on coverage in a process that takes minutes.
Kraken appoints Alex Mehrdad as new leader of crypto exchange’s Canadian operations
Mehrdad succeeds Mark Greenberg, who was recently promoted to a new global role.
Targeted by activist investor, Bitfarms chairman and co-founder Nicolas Bonta steps down
The board shakeup follows Bitfarms adopting a second ‘poison pill’ after its first was struck down.
BC Securities Commission panel finds crypto platform ezBtc diverted one-third of customer funds to gambling, personal accounts
In one case, BCSC found that a customer’s bitcoin deposit was transferred to a gambling website within 14 minutes.