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Fintech Chexy changes how Canadians pay recurring expenses
Chexy changes how Canadians pay recurring expenses
Toronto-based fintech Chexy announced it secured $14 million in Series A financing, allowing the firm to further transform how Canadians pay recurring and large expenses, and earn rewards while doing so.
Partnership helping cross-border fintech collaboration
A newly announced partnership between the American Fintech Council (AFC) and the Canadian Lenders Association (CLA) looks to improve cross-border collaboration and market access in North America for the rapidly growing fintech sector.
BKR Capital funding underserved, Black-led tech firms
Toronto-based BKR Capital, a Black-led venture capital firm focused on early-stage technology companies, has announced its $50-million Black Innovation Fund II is now seeking potential investments.
Leopard AI has platform for early startup investors
Toronto-based Leopard AI, an AI-native platform for venture capital intelligence, announced it is building a trust and credibility infrastructure for early-stage startup investment.
Canadian VCs fear an AI-driven 'SaaSpocalypse'
Canadian technology investors are concerned about a potential AI-driven 'SaaSpocalypse.' Those fears are putting pressure on Canada’s venture capital (VC) market at a time when many funds are also under the gun to demonstrate that they can return cash.
BMO bets big on artificial intelligence
BMO is leaning into investments in artificial intelligence as part of its core strategy, saying it expects the deployment of AI to add more than $1 billion in pre-tax earnings by 2030.
Quantum computing firm Xanadu lists on TSX
Toronto-based quantum computing pioneer Xanadu made its debut on the Toronto Stock Exchange. Within a few minutes of trading under the XNDU ticker, Xanadu Quantum Technologies shares were hovering around $14.
Mila teams up with Mozilla to build open-source AI tools
Firefox maker Mozilla is investing $1 million with Montréal AI institute Mila to research and develop open-source AI tools to reduce dependence on closed AI systems and give people agency over data shared with large language models.
Wealthsimple to enter prediction markets
Wealthsimple has received initial approval to enter prediction markets, a controversial form of futures trading that has earned multibillion dollar valuations for U.S. firms like Kalshi and Polymarket.
BCE selling land mobile radio network business
Bell Canada parent company BCE Inc. is selling its land mobile radio network business to a subsidiary of Motorola Solutions for $675-million, part of the company’s plan to sell $7-billion in assets to pay down debt.
Opendoor hiring in Canada
Real estate tech firm Opendoor plans to grow its team with more Canadian talent, despite no immediate plans to operate in the Canadian market. Opendoor looks to hire some 100 persons in Toronto and is renting office space in Toronto.
Defense startup Juno looks to protect Canada's North
Vancouver-based defense technology startup Juno Industries Inc. hopes to close a Series A round of about $10 million by mid-April, with its first product aimed at Arctic security. Former defence minister Harjit Sajjan is a co-founder of the company.
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