Category Archives: Latest News

Montreal MNubo acquired for $102m

Mnubo, Montreal based startup, specializing in artificial intelligence , said it was being acquired by an American company, Aspen Technology. Aspen Technology is also known as AspenTech, is a provider of software and services for the process industries headquartered in Bedford, Massachusetts which is near Boston. AspenTech has spent more than $100m to get mNubo. … Continue reading Montreal MNubo acquired for $102m

Toronto’s HomeStars Helps Home Owners Pick Qualified Contractors

We have interviewed Nancy Peterson, founder and CEO of HomeStars, and asked her few questions about the company. HomeStars is Canada’s largest network connecting homeowners with trusted home service pros. Summarize your company in an elevator pitch. HomeStars was started in Toronto in 2006 by Nancy Peterson. She was on maternity leave and renovating her … Continue reading Toronto’s HomeStars Helps Home Owners Pick Qualified Contractors

Big telcos in Canada start to offer ‘unlimited’ data plans

In June, most of the big telecom providers in Canada such as Bell, Rogers and Telus, have started with so called unlimited data plans. Right now, you can get ‘unlimited’ data plan from either of the providers for just $75 a month for high speed of 10gb of data and reduced speeds beyond 10 GB … Continue reading Big telcos in Canada start to offer ‘unlimited’ data plans

Quebec Desjardins Starting $45m FinTech Fund

Desjardins is trying to diversify their banking domain by starting a $45m fintech fund in Canada. The fund will disburse funding between few hundred thousand dollars to $3m dollars to startups for exchange of 10-25% of their companies. By investing in new startups Desjardins can stay on top of its game when it comes to … Continue reading Quebec Desjardins Starting $45m FinTech Fund

15,000 Accounts Hacked at Canada’s Freedom Mobile

Freedom Mobile says that 15,000 accounts were breached earlier this year, and that they will be notifying customers if their accounts were breached. Freedom Mobile had no idea their system was hacked until security firm vpnMentor notified them of the breach. vpnMentor said they had reached out to the company few times to let them … Continue reading 15,000 Accounts Hacked at Canada’s Freedom Mobile

Toronto Walmart Allows Phone Purchases in Store

No more need for cashiers at a Walmart store in Toronto. Walmart Supercentre near St Claire and Runnymede is testing out fast lane checkout system. Walmart said that they will also roll out this fast lane check out in Thornhill next year and that if the system will be deemed successful at these stores, it will … Continue reading Toronto Walmart Allows Phone Purchases in Store

Ontario Reduces Startup Funding

Ontario government has decided to cut funding to startup and innovation programs in the province. Ontario Premier Doug Ford has promised to balance province’s books at any means necessary. Ford wants to cut funding by 50% to various provincial agencies that help IT and tech companies scale up in Ontario. For example, Ontario Centres of … Continue reading Ontario Reduces Startup Funding