Three big takeaways from BFUTR 2022
Creating opportunities for Black talent is still a disruptive idea in tech.
Toronto
TouchBistro secures $150 million to move upmarket and pursue strategic M&A as it braces for more economic uncertainty
Amid looming recession and stiff competition, TouchBistro sets sights on growing efficiently.
University of Toronto one of nine schools chosen for Eric Schmidt’s new $148 million AI research initiative
U of T only Canadian university to secure funding from former Google CEO to apply AI to STEM research.
Cinchy closes $19.7 million CAD Series B to make data integrations obsolete
Forgepoint-backed Cinchy sees room to grow as firms cut costs.
Float quadruples revenue YoY despite increased competition, choppy economy
CEO: “In terms of new entrants, we’re clearly the fastest-growing and the largest.”
Wealthsimple becomes first regulated Canadian crypto platform to offer staking
“We continue to push the boundaries…and have lots more in store.”
Manzil launches “the Halal version of Wealthsimple” for Muslim Canadians
Manzil aims to help Muslims balance financial needs and religious requirements.
Toronto venture funding plunged to a near two-year low in third quarter of 2022
Amid uncertain climate, investors favour tending existing crops over sowing new seeds.
Super Advisor secures $2 million to give financial advisors independence
Rhino Ventures-backed Super Advisor wants to help financial advisors strike out on their own.
DMZ reopens New York City office as it continues international expansion
Executive director: “We’re eager to keep growing the DMZ’s international presence.”
SingleKey acquires competitor Naborly to take the risk out of renting
The deal stands to triple SingleKey’s user base.
Wealthsimple first FinTech startup approved by Bank of Canada for direct settlement
The approval will give Wealthsimple direct access to Real-Time Rail.
Mortgage startup Perch raises $4 million with continued backing from venture arm of National Association of Realtors
Perch wants to use data to change mortgages and real estate.
ChainSafe closes $25.7 million CAD Series A to build blockchain-agnostic Web3 tools
COO: fundraising in current market “separates the true builders from the noise.”
Amid questions on progress, Canada’s open banking lead says implementation “absolutely” remains on track
Abraham Tachjian says 2021 open banking report is his “roadmap.”