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Toronto
Online brokerage Questrade lays off undisclosed number of employees
Questrade appears to have quietly exited digital mortgage business around same time Wealthsimple entered it.
AI chipmaker Tenstorrent closes nearly $700-million USD Series D at $2.6-billion valuation
Samsung, Bezos-backed financing comes after the firm quietly relocated to the US.
Lightspeed lays off 200 employees in second restructuring of the year
Online brokerage firm Questrade also reportedly laid off an undisclosed number of employees in recent days.
With new name, FleetOps secures $30.8-million CAD Series A round
Now called Class8, trucking data startup’s round was led entirely by United States-based investors.
WonderFi and Kraken Canada each break $2-billion CAD mark for assets under custody
Kraken’s Canadian operation exceeds $2 billion as WonderFi reports a 110 percent growth since year-end 2023.
Practice Better looks to opportunistic growth with $18-million CAD credit facility from CIBC
After honing its AI tools and payments offering, the startup is seeking new ways to help practitioners grow.
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.
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.