In a remarkable stride for Canadian fintech, Neo Financial has closed a CAD $360 million Series D funding round, one of the largest in the global fintech sector this year. The round, comprising CAD $110 million in equity and CAD $250 million in debt, features a star-studded roster of Canadian tech leaders, including Tobi Lütke, […]
Genesis Land Development Corp. (TSX: GDC) has reached a significant milestone in its expansion efforts within Calgary’s real estate market by selling a 40% ownership stake in the Genesis Huxley development project. This transaction, involving two local home builders, is valued at gross proceeds of $21.4 million, signaling a robust interest in Calgary’s growing residential […]
In a shocking tragedy, six lives were extinguished after a small plane plummeted in the mountainous region of Kananaskis Country, west of Calgary, Canada. The plane was bound for Salmon Arm, British Columbia, after taking off from Springbank Airport near Calgary on Friday night, according to the Royal Canadian Mounted Police (RCMP). The plane was […]
Empire Company has rolled out its premier online grocery home-delivery service, Voilà, to residents in Calgary, Edmonton, and nearby regions, heralding a significant step forward in its e-commerce expansion. Voilà brings almost 20,000 items from major food retailers such as Safeway, Chalo!, Sobeys, and FreshCo to customers, ensuring fresh local favorites from Alberta are only […]
Indian IT services provider Infosys said that it has inaugurated a new digital hub in Canada, called the Infosys Digital Centre in Calgary, Alberta. Infosys also claimed to open up 1,000 jobs in Calgary over the next couple of years. This is said to be twice what the Indian IT firm had committed when it […]
Mphasis, an Indian IT solutions provider, has partnered with the Alberta government and the University of Calgary in Canada to fast tracking the development of Quantum Computing ecosystem in Calgary. The three parties have entered into a partnership in this connection. The partnership will push for economic growth and the creation of high-quality jobs within […]
Whitecap Resources acquisition of Kicking Horse Oil & Gas : Canadian oil company Whitecap Resources has signed a cash-cum-stock deal worth CAD300 million ($239.4 million) to acquire Kicking Horse Oil & Gas. Based in Calgary, Kicking Horse Oil & Gas is an indirect subsidiary of US-based private equity firm Quantum Energy Partners. The consideration is […]
Infosys said that it will create 500 new jobs in Calgary, Alberta during the next three years to double its workforce in Canada to 4,000 employees by 2023. The hiring is part of the Indian IT services company’s continued expansion across Canada. The expansion in Calgary is expected to help Infosys to scale work with […]
Lendesk Technologies, a fintech provider for Canadian mortgage industry professionals, has acquired Finmo Financial Technologies, a digital mortgage origination provider based in Calgary. The financial terms of the deal were not disclosed. Finmo Financial Technologies is said to help mortgage professionals in offering a truly digital experience to their clients. The company’s Smart Docs algorithms […]
Waterous Energy Fund (WEF), a Canadian energy investment firm, announced that a couple of its portfolio companies – Cona Resources and Strath Resources have merged to create Strathcona Resources, an oil-weighted producer in North America. Based in Calgary, Canada, Strath Resources is focused on developing its core oil and natural gas asset in the Kakwa […]