OpenText closes $5.8 billion USD acquisition of Micro Focus, makes workforce reduction
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S|W: The SaaS Weekly – OpenText sells off mainframe business for over $2 billion USD

Plus: MaRS IAF returns and is ready to invest. The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around…

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Aviva Klein, Mastercard
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Bridge the gap: SMB cybersecurity challenges threaten customer trust and business viability

New data from Mastercard shows customers increasingly prioritize companies that care about cybersecurity. Cybercrime is up over 600 percent since the start of…

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rechie valdez
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Canadian Council for Aboriginal Business receives $500,000 from federal government to address barriers for Indigenous entrepreneurs

The new funding will help the CCAB promote the federal government’s 50-30 challenge. The federal government is providing $500,000 to the Canadian Council for…

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Business getaway marketplace RetreatsAndVenues takes first prize in New Ventures BC 2023 startup competition
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Business getaway marketplace RetreatsAndVenues takes first prize in New Ventures BC 2023 startup competition

Vancouver-based startups Browse AI and Blanka came in second and third place. New Ventures BC has given out $250,000 in prize money to the…

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A ZayZoon-branded camper van driving across a US highway.
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ZayZoon closes Series B to fuel continued US expansion of earned wage access business |

ZayZoon nabs $34.5 million USD in debt and equity to help workers access a cash-advance alternative to payday loans. Calgary-based FinTech startup ZayZoon has…

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Shopify credit card
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F|T: The FinTech Times – Stripe to power Shopify’s new business credit card

Plus: How the partnership between Apple and Goldman Sachs soured. Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from…

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Calgary skyline
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PrairiesCan commits $6.1 million for downtown Calgary innovation hub, local business retention programs

Funded projects are expected to support and create over 1,000 jobs, the government says. The Government of Canada is investing $6.1 million into Calgary…

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Foxquilt
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Foxquilt raises $12 million to expand small business insurance solution in North America

Toronto-based Foxquilt, which offers online insurance solutions for small businesses, has raised $12 million in Series B funding. According to Foxquilt, the Series B…

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Shopify credit card
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Shopify reveals AI suite, business credit card, dropshipping-like feature in latest product showcas

Canadian rapper Drake launched his website Drake Related using Shopify Collective. Ottawa retail-tech giant Shopify has revealed several new products and updates for its…

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YC-backed Reworkd secures $1.65 million CAD to build AI agents for business tasks
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YC-backed Reworkd secures $1.65 million CAD to build AI agents for business tasks

Founded by a trio of Vancouverites, Reworkd has nabbed funding from Panache. Reworkd AI has closed $1.65 million CAD ($1.25 million USD) in pre-seed…

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