F|T: The FinTech Times – Can Koho disrupt Canadian banking before Wealthsimple disrupts them?
Plus: Coinbase adds Shopify CEO to board of directors.
Canadian startup news of the week (2/06/22)
Koho finds its flywheel.
Stamped AI closes $2 million to simplify financial statement prep for SMBs
Stamped AI describes itself as a “tech-enabled audit firm.”
H|T: The Healthtech Times – Investors bet big on BenchSci
Plus: What stopped The Canadian Shield from supplying the PPE and tests Canada needs?
LeddarTech scores $140 million USD in Series D funding and debt
LeddarTech builds tech systems that support autonomous vehicles.
Amplify Capital closes $30.7 million for second fund, eyes Québec startups with Montréal office
To date, the MaRS spinout has backed 7 companies through Fund II.
R|T: The Retail Times – How long will it take Shopify to compete with Amazon on fulfillment?
Plus: Lightspeed adds global tech entrepreneurs to its board.
Wealthsimple still working on crypto wallet withdrawals
Wealthsimple plans to ensure all users have access to BTC and ETH withdrawals soon.
WeBC appoints entrepreneur and community builder Shauna Harper as new CEO
Harper will assume leadership of the not-for-profit on April 4.
A|I: The AI Times – Boeing hails an (autonomous) taxi
Plus: OpenAI co-founder Sam Altman ridicules startup fundraising process.
BKR Capital secures additional $4.5 million, announces first four investments in Black-founded tech startups
The fund backs Black-founded Canadian tech firms at the seed stage.
S|W: The SaaS Weekly – The market is so volatile, WeTransfer says IP-‘no’
Plus: Clio alum launches legaltech startup Lawbrokr to match consumers with lawyers.
RenoRun closes $181 million CAD Series B to fuel Canada, US expansion
RenoRun is building a vertically-integrated “one-stop shop” for construction materials.
Fyyne launches platform with pre-seed funding to address Black hair care accessibility
Fyyne plans to build all the tools that Black hairstylists need to run their businesses.
F|T: The FinTech Times – Bench’s CEO gets benched
Plus: Wealthsimple founder says Canada should ‘plant a flag’ in crypto.