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Canadian PayByPhone acquired by Lightyear Capital
Canadian PayByPhone acquired by Lightyear Capital
A private equity firm based out of New York acquired mobile parking payments firm PayByPhone. Lightyear Capital signed an agreement to acquire the Vancouver-based financial technology company from corporate payments giant Corpay.
Study finds Canadian fintech funding stabilized in 2025
In 2025, the Canadian fintech market saw a decline in deal activity, but a recovery in overall funding compared to 2024. Total funding rose to $2.5bn in 2025, representing a 15% increase from the $2.2bn raised in 2024.
Canada’s biggest investors reconsidering U.S. exposure
While Canadian investors allocated nearly three-quarters of their foreign bond holdings to the U.S., some of Canada’s largest institutional investors are signalling that the risks tied to the U.S. market, and the dollar, are becoming harder to ignore.
ChatGPT rolls out ads
OpenAI announced it’s beginning to test ads in the U.S. for users on its Free and Go subscription tiers. Subscribers to OpenAI’s paid plans, including its Plus, Pro, Business, Enterprise and Education tiers, will not see ads.
Una Software secures seed funding, names new CEO
Toronto-based Una Software, a provider of AI-powered FP&A solutions, said it has closed US$13 million in seed financing and announced the appointment of Michael Morrison as CEO as co-founder Clayton Ramnarine takes on the role of CFO.
Can Vancouver keep its growing tech economy?
Vancouver is home to nearly 1,500 startups and has attracted close to $2 billion in venture funding in 2024. Vancouver must now go beyond proving it can create companies to now scaling them up and keeping them.
Restaurant tips missing from Canadian fintech platform
Complaints have been pouring in from clients of Edmonton-based Everyday Payments. It’s a major test for the Bank of Canada, which now oversees payments companies.
More Canadians using AI for health information
The Canadian Medical Association released a survey that finds more Canadians are turning to AI and the web to search for health information with many saying they do so because it provides the quickest path to finding answers.
Bringing 'touch-and-feel' to AI
Montreal-based Haply Robotics since 2018 is looking to scale up its hardware-software platform that controls the motion of AI systems interacting with the real world and have them better perform AI-enabled tasks requiring such things as touch-and-feel.
OpenAI launches OpenAI Frontier
OpenAI has launched OpenAI Frontier, an end-to-end platform, made to help enterprises navigate the world of AI agents, focusing on agent management as critical infrastructure for enterprise AI adoption.
Services-as-Software to reshape global services industry
An emerging technology model known as Services-as-Software is set to reshape the global services industry over the next several years, one that involves delivering services primarily through AI-powered software rather than through traditional human-delivered work.
Google sued by Autodesk over AI-powered movie-making software
Google has been sued by Autodesk for allegedly infringing its "Flow" trademark to market competing AI-enabled software used to make movies, TV shows and video games.
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