What Vault’s co-founder learned at Revolut
Saud Aziz explains what it takes to build a locally-grown business banking platform in Canada.
Toronto
Power marks up value of stake in Wealthsimple for third consecutive quarter
Hike to $1.5 billion CAD reflects rise in public markets and Wealthsimple’s performance.
National Bank reinvests as Walnut secures $4.6 million to expand embedded insurance capabilities
Telus, Diagram, Portage back Toronto insurtech startup’s platform development plans.
FinTech software firm PureFacts sells majority stake to New York-based GrowthCurve Capital
Deal reportedly values PureFacts at $250 million.
Perceptive Space emerges from stealth with $3.9 million to help predict solar flares and other ‘space weather’
Toronto space tech startup aims to ensure safer satellite launches and operations.
VitalHub agrees to acquire MedCurrent Corporation for up to $34 million
The total transaction value is dependent on annual performance over 36 months.
Ottawa announces second tranche of VCCI funding to support underrepresented entrepreneurs
An additional five VCs from Vancouver, Toronto, and Montréal will receive portions of the $25 million commitment.
Three Canadian FinTech firms strike new partnerships
VoPay, Flinks, and Payfare have been tapped to power offerings for tech giants, credit union.
Arcadea Group secures $336 million CAD to acquire vertical SaaS companies
Capital injection brings the firm’s war chest up to $690 million CAD.
RetiSpec secures $13.8 million Series A to detect Alzheimer’s early through retinal imaging
American pharmaceutical giant Eli Lilly and medical device provider Topcon Healthcare join as strategic investors.
Airwallex continues Canadian expansion with Float partnership
Multinational FinTech to power Toronto-based Float’s recently launched bill pay offering.
Nascent AI user research startup Cycle acquired by US blockchain platform Crossmint
Crossmint counts Mastercard, Red Bull, and Coinbase among its 30,000-plus customers.
Cohere lays off five percent of staff a day after announcing $500-million USD Series D
Toronto generative AI startup cuts around 20 employees as part of “internal realignment.”
Claudette McGowan closes $10-million Series A for cybersecurity startup Protexxa
Startup claims round is the largest secured by a Black woman founder in Canada.
Cohere Series D hits $500 million USD raised at $5.5-billion valuation
BetaKit reported in June that Cohere had secured $450 million with hopes of raising more at a $5-billion valuation.