Lightspeed exceeds fiscal Q3 revenue, profitability targets but company’s shares still slide
Growth will be Lightspeed’s “top priority” in the coming year, says CEO.
Retail
Ted Livingston’s new micropayments startup Code closes $6.5 million in seed financing
Kik founder’s new venture wants to help creators monetize their work for as little as five cents.
R|T: The Retail Times – Amazon wants Rufus to shop with you
Plus: Shopify unveils term loans, lines of credit for merchants.
OpenHouse.ai raises $1.5 million CAD for house-planning and marketing tool
The platform provides insights to builders about desired features and floor plans in certain communities.
Shopify unveils term loans, lines of credit for merchants
President Harley Finkelstein said new offerings represent the “next evolution of Shopify lending.”
R|T: The Retail Times – How Shopify goes after enterprise brands
Plus: eBay and Flexport plan more staff cuts.
Eight Canadian foodtech projects receive $1.9 million in pilot funding from CFIN
Supported projects include short-haul delivery robots and augmented reality training programs.
Fantuan acquires Chicago-based Chowbus’ delivery business to fuel US presence
Deal comes two months after Fantuan secured $40 million USD.
R|T: The Retail Times – Shopify has payments power over Amazon and a new $260M cheque into Flexport
Plus: GoDaddy launches payment processing and terminal in Canada.
Tiny to purchase WholesalePet from Emerge Commerce for $12.5 million CAD
Emerge Commerce originally acquired the online pet supply wholesaler in 2021.
These three Canadian tech unicorns are hiring
1Password, Trulioo, Shopify are all looking to beef up their sales teams.
7shifts cuts 19 percent of staff in new layoffs to start 2024
This marks the restaurant software firm’s second workforce reduction in four months.
Plooto, GoDaddy bring new payment, commerce offerings to Canadian businesses
Plooto launches payment workflow safeguards, while GoDaddy brings its commerce solution to Canada.
R|T: The Retail Times – Rent the Runway decimates corporate workforce in new restructuring plan
Plus: How online shoppers fell back in love with the high street.
Vistara Growth bets on two US-based supply chain software companies
Vistara Growth recently closed $200 million for its fifth private credit fund.