Hanging over all of this is the entry of international competitors to the Canadian market. While Robinhood is currently limited to crypto, the company has said it will \u201cslowly expand\u201d its product. That would bring a well-established digital finance option to Canadians\u2014one that already introduced \u201cfirsts\u201d like agentic finance to the US market months ago.<\/p>\n
Corporate expense management giant Ramp also entered Canada<\/a> this week. With over $1 billion USD in revenue, it will likely compete with Canadian offerings like Venn and Float. Also lurking on the consumer side is Revolut, one of the world\u2019s largest neobanks and another possible competitor for the likes of Koho and Neo Financial, which has been evaluating a Canadian return since December.<\/p>\n As foreign FinTech giants aim towards Canada, domestic firms are staring down the barrel. Perhaps that\u2019s why they\u2019re willing to take on risks like agentic finance\u2014even as polls indicate people don\u2019t trust AI with their money\u2014or opening the door to a controversial product like prediction markets. Wealthsimple Predict pushes the envelope further by teasing markets that are not yet legal in Canada, like betting on the outcome of upcoming US elections.<\/p>\n Canadian FinTech companies have been begging for a competitive battlefield, even though they were likely picturing their opponents as the Big Six Banks, not these new challengers. In any case, may the best app win.<\/p>\n Your unclaimed credit has an exact dollar figure<\/p>\n Conservative R&D tax credit claims feel safe, but that comfort has a price you pay every year. Companies afraid of audits claim less than they\u2019re owed, when the real protection is evidence: Every hour traced to Jira, GitHub, and payroll, made defensible before anyone asks. That\u2019s how Boast finds 10 to 20 percent more than accounting firms do across SR&ED, IDMTC and CDAE-IA, on under five hours of your team\u2019s time on average.<\/p>\n Twenty minutes puts a dollar figure on yours. Claim aggressively. Defend confidently.<\/p>\n See what my claim is missing.<\/a><\/p>\n Top stories from BetaKit<\/p>\n Indomitable agents<\/p>\n Both OpenAI and Anthropic have recently revealed that their internal AI agents broke containment and hacked external companies. Canadian cybersecurity company leaders tell BetaKit that there currently is no catch-all solution<\/a> to prevent this type of attack.<\/p>\n Sovereign silicon<\/p>\n Canada has an AI strategy. What it doesn\u2019t have is a strategy for building the hardware that AI runs on. As for what that could look like, Canada\u2019s Semiconductor Council has some ideas<\/a>.<\/p>\n Going nuclear<\/p>\n Alberta is aggressively pursuing data centre development, and data centres require a lot of power. BetaKit sat down with ICTC to discuss the role<\/a> nuclear power could play in that transformation, and how building a nuclear industry might be easier said than done.<\/p>\n Primed for disaster<\/p>\n Amazon recently opened its first disaster relief hub in Canada. BetaKit dug into the context<\/a> behind the e-commerce giant\u2019s apparent departure from its business goals.<\/p>\n Canadian startups put AI first<\/p>\n Canadian AI-native startups are outperforming global peers on revenue growth; that success<\/a>, AWS says, speaks to Canada\u2019s decades of investment in the technology.<\/p>\n Sponsored stories<\/p>\n How an Australian AI scribe won over Canada\u2019s doctors<\/p>\n Heidi\u2019s AI scribe<\/a> is reshaping the daily workflows for Canadian clinicians nationwide. By saving doctors 13 minutes per patient, Canadian physicians can shift their focus to providing high-quality patient care.<\/p>\n Taking code to the road: How GM Canada and the country\u2019s top universities are engineering the future of driving<\/p>\n GM Canada is developing its talent pipeline<\/a> advancing academic research, and shaping the future for software-defined and autonomous vehicles.<\/p>\n How AI is changing the agency model<\/p>\n With Chrono Innovation\u2019s new Launchpad platform<\/a>, founders can leverage its reliable AI-coding agents to drastically speed up<\/p>\n Deals and dollars<\/p>\n Who cashed in, or out, this week:<\/p>\n The defunct Sonder brand was bought out<\/a> of bankruptcy and turned into an affiliate lodging booking site by TravelAI. (Vancouver)<\/p>\n Y Combinator grad Terminal raised<\/a> $20 million USD as it shifts its focus to growth. (Toronto)<\/p>\n RBC said it extended<\/a> its AI development partnership with Vector Institute through 2032. (Toronto)<\/p>\n Vena Solutions agreed to acquire<\/a> Morpheo AI to push agentic capabilities in operational planning. (Toronto)<\/p>\n Voice-to-text dictation app Superwhisper now supports<\/a> Cohere\u2019s open-source transcription model. (Toronto)<\/p>\n Lightspeed\u2018s stock sank despite solid Q1 earnings<\/a>, as it revealed a three-percent workforce cut. (Montr\u00e9al)<\/p>\n Tenor raised<\/a> $2.5 million USD to build out its blockchain-based lending platform. (Qu\u00e9bec City)<\/p>\n Main character<\/p>\n \u201cAnybody who\u2019s stuck in the old ways and doesn\u2019t want to change\u2014you\u2019re probably not going to do much work with us anymore.\u201d<\/p>\n Alberta technology minister Nate Glubish, on how AI has changed his government\u2019s approach<\/a> to procurement.<\/p>\n The refresh<\/p>\n Out of the fog<\/p>\n The Globe and Mail<\/a> writes that St. John\u2019s, home to companies like CoLab, Kraken Robotics, and Mysa, has become an unlikely tech hub. It\u2019s a success story that might hold lessons for the rest of the country.<\/p>\n Applications Are Now Open: Investment Bootcamp<\/p>\n The Black Entrepreneurship Alliance is accepting applications for its fully funded, four-month Investment Bootcamp. Designed for Black-led tech founders, the program helps strengthen your capital strategy and fuel growth.<\/p>\n Selected founders receive 1:1 mentorship, expert-led workshops, and specialized support in finance, legal, and marketing. You also gain dedicated co-working space, a 3-month YSpace membership, investor connections, and the chance to pitch at a Demo Day for up to $20K in prizes.<\/p>\n Two streams available: Only 10 ventures selected.<\/p>\n Applications close on August 30. Apply here.<\/a><\/p>\n![\"\"](\"https:\/\/www.europesays.com\/canada\/wp-content\/uploads\/2026\/08\/Boast_BetaKit_Newsletter_600x300-Gary-Chauhan.png\" "\\"Boast_BetaKit_Newsletter_600x300")
<\/a><\/p>\n![\"Nate](\"https:\/\/www.europesays.com\/canada\/wp-content\/uploads\/2026\/08\/50041276533_dca62b0362_k-1.jpg\" "\\"Nate")
<\/a>Alberta Technology and Innovation Minister Nate Glubish.<\/p>\n![\"\"](\"https:\/\/www.europesays.com\/canada\/wp-content\/uploads\/2026\/08\/Out-of-the-fog-for-The-Refresh-Aug-3-1-1024x512.jpg\" "\\"Out")
<\/a><\/p>\n![\"\"](\"https:\/\/www.europesays.com\/canada\/wp-content\/uploads\/2026\/08\/INVESTMENT-BOOTCAMP-BETA-KIT-2026-Black-Entrepreneurship-Alliance-1024x512.png\" "\\"INVESTMENT")
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Pre-revenue with a validated MVP
Post-revenue ($1K+ MRR)<\/p>\n
![\"\"](\"https:\/\/www.europesays.com\/canada\/wp-content\/uploads\/2026\/08\/Cory-doctorow-banner-1-1024x487.jpg\" "\\"Cory")
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