Fiserv to acquire Payfare in $201.5-million CAD deal after swiping its DoorDash business
Pending transaction follows Payfare’s share price plummet and strategic review in September.
Ontario
Alison Nankivell departs MaRS for Export Development Canada
Nankivell’s tenure on MaRS lasts only nine months, slightly longer than the executive search to hire her.
In 2024, Canada struggled to find its place in the global AI race
Canada can’t outspend its peers. So how might it outsmart them?
Why Round13 Capital is betting on venture debt
Following unsuccessful bid for SVB Canada’s assets, Round13 wants to target underfunded startups with TIMIA.
Global AI gets a startup perspective: Insights from ventureLAB’s Garry Chan
“I liken it to raising a child. You try to teach good habits early.”
Four new Canadian tech announcements in the Fall Economic Statement that shouldn’t be overlooked
BDC AI funding, procurement reform, money for Black entrepreneurs might have been missed in yesterday’s chaos.
Realize Capital Partners reveals second round of support for impact-focused funds
Backed by Social Finance Fund, Realize’s latest investments include Amplify, Misfit, and Thrive Impact.
Feds struggle to table Fall Economic Statement following Minister Freeland’s shock resignation
Mini-budget with many tech commitments comes during a day of chaos on the Hill.
Paystone to acquire fellow payments processor Ackroo for $21 million
The last time Ackroo stock was valued at the purchase price of $0.15 per share was November 2021.
The Canadian Space Mining Corporation thinks it can put a nuclear reactor on the moon by 2029
Company has signed an MOU to licence SLOWPOKE-2, a Canadian-made reactor that could power future lunar operations.
Absorb to acquire Together in bid to bring mentorship to its learning software
Calgary firm to absorb Together to provide more “comprehensive learning solution.”
Cookin acquired by US-based, fellow chef-made meal delivery startup CookUnity
CookUnity eyes Canadian expansion starting with Toronto in 2025.
Cyder closes $1.5 million to fuel launch of loyalty platform for credit unions
FinTech startup’s backers include MaRS IAF, Aperture, Desjardins, Arlene Dickinson.
Lessons in leadership, hiring, and AI from SAAS NORTH 2024
Also discussed: how to make leather from mushrooms. SAAS NORTH 2024 was crazy.
Cohere secures federal backing to build multibillion-dollar Canadian AI data centre
This marks the first investment through the new Canadian Sovereign AI Compute Strategy.