Manzil launches Halal wealth management solution following acquisition of Canadian Islamic Wealth
CEO sees M&A as “critical” for the long-term viability of the Islamic finance industry.
Toronto
Boosted.ai raises $20.9 million CAD to grow AI investment manager platform
New tool Alfa is “essentially an AI coworker that users can train to think like them.”
Iconiq reportedly buyer of $100-million worth of Wealthsimple employee shares
Wealthsimple confirms secondary deal values Toronto FinTech firm at $5 billion.
Elon Musk-owned Neuralink receives permission to recruit for Canadian medical trial
Toronto Western Hospital is the exclusive Canadian surgical site for the experimental brain implant.
Noble closes $15-million USD Series A to fuel growth of its digital asset issuance platform
Web3 startup aims to help stablecoin issuers after the “carnage” wrought by Terra’s 2022 collapse.
TechTO acquires Peerscale to broaden support for later-stage tech entrepreneurs
New CEO Marie Chevrier Schwartz sees Peerscale as the “graduating class of the TechTO ecosystem.”
Insurance giant Intact scoops up home maintenance startup Jiffy
Deal expected to expand Jiffy’s service to more Canadian markets.
Federal government reinvests in Scale-Up Platform with $47.5 million commitment to Invest Ottawa, MaRS, and Communitech
Scale-Up Platform offers regionally tailored programming for entrepreneurs in high-growth sectors.
Power marks up value of stake in Wealthsimple beyond 2021 peak
Hike to $2.2 billion reflects rise in public markets, Wealthsimple’s performance, and an upcoming secondary deal.
Richa Mehta joins Radical Ventures as San Francisco-based partner
AI-focused VC firm launched a new $800-million USD growth fund in August.
1Password alters leadership with David Faugno appointed co-CEO alongside Jeff Shiner
Faugno was tapped to serve as the company’s first-ever president and COO last year.
Neo Financial’s $360-million Series D features big names, unanswered questions
Shopify, Slack, PointClickCare, Roblox founders back FinTech scaleup in down round led by unnamed Chinese investor.
Addressing Canada’s speed of financial innovation
Koho, Borrowell, Manzil—plus the Department of Finance—talk product velocity, risks & opportunity.
Aron Levitz named co-president of Wattpad as #CDNtech executive turnover continues through the fall
Geordie Rose leaves CEO role at Sanctuary AI, becoming the second co-founder to depart this year.
WonderFi CEO Dean Skurka kidnapped, released after reportedly paying $1-million ransom
WonderFi says it is providing “full cooperation to the Toronto Police Service on this active investigation.”