Tough Commerce raises $2 million to become Shopify for “complex” industries like construction
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Tough Commerce raises $2 million to become Shopify for “complex” industries like construction

A former Shopify engineering lead joined Tough Commerce as investor, board member. Toronto startup Tough Commerce has raised $2 million CAD as it looks…

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a man in skateboard shoes leans sideways and flashes a Neo mastercard at the camera it is in focus in the foreground and he is out of focus in the background
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Neo Financial bets on embedded finance, D2C combo amid tough consumer banking market

After partnering with Intuit, Neo looks to land more embedded finance deals. Neo Financial started in 2019 with a mission to re-imagine everyday banking…

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GoodFood
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After a tough year, Goodfood switches up CFO, promoting VP Roslane Aouameur

Aouameur’s strategic focus will be on profitability and positive cash flow. Montréal-based Goodfood is making a CFO change, promoting its VP of corporate development,…

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Properly secures $36 million CAD, pulls back on geographic expansion plans as Canadian housing market cools
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Canadian tech layoffs continue as tough year comes to a close

Properly, TealBook, D2L, League among latest firms to cut staff amid economic downturn. At least another 10 Canadian tech firms have recently laid off…

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Greg Smith of Thinkific addressing team at Thinkific HQ
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Thinkific CEO describes layoffs as effort to preserve cash amid tough capital-raising environment for public companies

Company’s share price has risen 13 percent since layoffs were announced. Earlier this week, Thinkific Labs announced plans to lay off 100 employees—approximately 20…

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S|W: The SaaS Weekly – Tough cuts, big hopes
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S|W: The SaaS Weekly – Tough cuts, big hopes

Plus: Antitrust bill targeting Amazon, Google, Apple gets support from DOJ. The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada…

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