Trio of Canadian tech companies show progress towards profitability in earnings this week
Thinkific hits positive EBITDA as Coveo and Mogo shrink losses.
FinTech
Dapper Labs, Nesto, Certn, top Deloitte’s 2023 Technology Fast 50 list
FinTech startups made a mark on the list of Canada’s leading technology companies.
F|T: The FinTech Times – Sam Bankman-Fried convicted on all charges, Intuit winds down Mint
Plus: BDC recommits to seed deals with $50M fund.
Open banking is dead, Techno-Optimists want a war
Marc Andreessen’s manifesto is flawed. But it shows a greater sense of the moment than our politicians.
BDC Capital recommits to leading seed deals in startups across Canada with new $50-million fund
VCs applaud BDC’s commitment to direct seed funding, ask for more emerging manager support.
F|T: The FinTech Times – Is open banking in Canada dead?
Plus: How a Fintech reckoning Is rippling through a small bank in Washington.
Wealthsimple’s Hanna Zaidi on the “lack of political will” harming FinTech innovation
Wealthsimple CCO says FinTech startups are a “second-class citizen” when accessing key infrastructure.
FinTech startup Peloton Technologies announces acquisition of KIS Payments
The deal comes almost four months after Peloton received $1.5M from PacifiCan.
PADS Financial secures $3 million CAD in pre-seed funding, launches online mortgage platform
PADS looks to leverage AI and blockchain with its online mortgage servicing platform.
F|T: The FinTech Times – Procurify, Hiive secure new funding to tackle spend management & secondaries
Plus: Plaid hires first CFO on road to IPO.
Blockchain payments firm Ripple is hiring software engineers in Canada
The San Francisco-based company is looking for software engineers in its Toronto office.
Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform
Ten Coves Capital, EDC join existing backers Information VP, HarbourVest.
Hiive secures $5.7-million CAD Series A to improve VC secondary trading
Hiive is still seeing a significant bid-ask spread for secondary stakes on its platform.
F|T: The FinTech Times – Consumer payments startup Braid shuts down, Goldman Sachs drops BNPL
Plus: Ten Key Labs secures $10.5 million, launches AI equity management tool for founders.
Ten Key Labs secures $10.5 million, launches AI equity management tool for founders
Extreme Venture Partners, Xtreme Labs alum secures backing from Craft Ventures, Shopify angels, Wave co-founder.