S|W: The SaaS Weekly – NowVertical’s boardroom drama spills into the public
Plus: 7shifts cuts 19 percent of staff in new layoffs to start 2024.
UK-based Liberis launches embedded lending solution in Canada
The CFIB says over half of Canadian small businesses were seeking capital in 2022.
F|T: The FinTech Times – Neo and Pine backer Thomvest secures new $250M fund
Plus: Crypto is beanie babies, Coinbase says.
H|T: The Healthtech Times – This DeepMind spin-off wants to cut drug discovery times in half
Plus: Clinia secures $10 million and partnership with Telus Health.
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.
A|I: The AI Times – Why OpenAI’s GPT Store will be bigger than Apple’s App Store
Plus: BenchSci cuts headcount as it feels GenAI impact.
Bot management software startup Wysdom acquired by US-based Calabrio
Calabrio will integrate Wysdom’s virtual agent solutions into its customer support network.
S|W: The SaaS Weekly – Exec turnover trend hits Top Hat and Alida
Plus: SAP faces hefty fines, Salesforce and Slack might be pausing tech/product hiring.
AGF Private Capital acquires majority stake in Kensington Capital Partners for $45 million
The VCCI-backed firm will retain its “investment and operational independence,” the firms say.
F|T: The FinTech Times – Wealthsimple is starting to look like Canada’s next big bank
Plus: $4.6B flows into bitcoin ETFs on the first day after SEC gives the green light.
League Data acquires credit management software company Technicost from Co-operators
League Data is the technology partner for the Atlantic Credit Union System.
H|T: The Healthtech times – Custom Health to go public via SPAC at $185 million valuation
Plus: 23andMe says maybe you should’ve changed your password.
Requity Homes secures $26 million for rent-to-own platform as high interest rates loom over prospective homeowners
Requity aims to help renters become homeowners in markets outside of Toronto and Vancouver.