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FinTech firm passes 2.5 million users as it navigates “final stages” of acquiring banking licence.
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Funding
Montréal-based digital mortgage lender wants to speed up approvals using AI.
AI
Trillium helps Canadian researchers with massive jobs like simulating oceans and modelling stars.
AI
Delayed strategy promises plan to encourage Canadians to reinvest tech investment gains in AI startups.
VC
Crown corporation’s board chair says Hudon will help shape its next five-year strategy.
Defence Tech
Erin O’Toole wants Canadian innovators to seize the moment before it’s gone.
Plus: Future Fertility raises $7.6 million CAD to build AI-powered IVF solutions.
The deal gives US Shopify sellers access to the world’s largest e-commerce market.
The VC invests in emerging markets outside of Silicon Valley, including Canada.
The round brings Canalyst’s total funding to over $100 million.
The final close adds $15 million and new LPs to the fund.
The initiative was the only Canadian project to crack IRCAI’s top 10.
The deal marks Maropost’s second acquisition to date.
Plus: Vendasta closes second acquisition after dashed IPO plans, venture round.
The startup is entering clinical trials, and needs to gain regulatory approval.
XMachina specializes in AI acquisitions, and is preparing for an IPO.
In the race for quantum commercialization, D-Wave gets aggressive in Europe.
The Edmonton startup aims to tackle the “enormous” personal injury market.
Plus: Canadian crypto exchanges take issue with Crypto.com’s domestic advertising blitz.
Conduit and Unreserved close big seed rounds, while AmpMe faces fake review accusations.
The financing is meant to help 800 businesses and 170 partnerships provincially.
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