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Canadian Tech in 100 Words

Wealthsimple Tallies Banking’s Hidden Costs

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Wealthsimple is using a national print campaign to make Canadian banking fees more visible, offering a line-by-line tally of monthly charges, transaction limits, foreign-exchange markups, ATM fees, overdraft costs, investment fees, and transfer penalties.

In a Fintech.ca interview, Chief Marketing and Commercial Officer Paul Teshima said the goal is to show how small, recurring costs can erode savings and pressure competitors toward clearer pricing. The campaign lands as Wealthsimple pushes deeper into everyday finance, with $17 billion in second-quarter net flows and chequing account openings surpassing investing accounts for the first time, reinforcing its challenge to large traditional Canadian banks.

Kardium Scales Heart-Tech Manufacturing

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Burnaby-based Kardium is investing $125 million to expand manufacturing of its Globe Pulsed Field System, a heart-treatment technology for atrial fibrillation. Ottawa will contribute up to $31.25 million through the Strategic Response Fund, supporting a major cleanroom expansion in British Columbia.

The project is expected to boost annual production capacity from 500 units to 30,000, while creating and maintaining 1,000 highly skilled jobs and keeping intellectual property in Canada. Kardium says the expansion will help bring its system to more physicians and patients worldwide after securing key regulatory approvals for the technology earlier this year in North American commercial markets.

Want to know more? Check out the source code on Techcouver.com.

Kepler Turns Space Into Infrastructure

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Toronto-based Kepler Communications has moved its optical data relay network into commercial service, positioning space itself as part of the data-centre stack. The first tranche, launched in January, includes 10 satellites with optical terminals, multi-GPU computing modules, and terabytes of storage.

Kepler says the network supports commercial and government customers globally with low-latency routing, edge processing, and faster delivery of data from Earth observation, defence, surveillance, and space-domain awareness missions. The company has demonstrated space-to-space links, connections to more than 10 optical ground stations, and an optical relay between low Earth orbit and an aircraft, with expansion planned for 2028.

Want to know more? Check out the source code on DataCentre.ca.

Helcim Charts Independent Payments Path

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Calgary-based Helcim has raised $53 million in Series C funding, led by BDC Capital’s Growth Venture Fund, as Canada’s payments sector shifts around it. The round included Curql Collective, Gold House Ventures, and returning backers including Headline, Aquiline, Information Venture Partners, Vesey Ventures, Clocktower Ventures, and Alberta Accelerate Fund.

Helcim has now raised about $100 million since 2022, with its valuation climbing to $250 million. The company says it has surpassed C$150 million in annual recurring revenue, serves more than 22,000 merchants, and is on pace to process nearly $10 billion in annual payments volume.

Want to know more? Check out the source code on Fintech.ca.

OTI Pushes Quantum Materials Forward

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Toronto-based OTI Lumionics and Samsung Advanced Institute of Technology say they have achieved 200-qubit quantum emulation on readily accessible hardware, demonstrating a practical path for materials discovery before fault-tolerant quantum computers arrive. The work used OTI’s iterative Qubit Coupled Cluster algorithm to model complex OLED materials with quantum-level accuracy on classical accelerated computing infrastructure.

OTI says the approach can outperform traditional chemistry methods while avoiding the cost and scarcity of large supercomputing clusters or quantum hardware. For display makers, the milestone could accelerate discovery of next-generation OLED materials used in phones, televisions, wearables, and other advanced electronics products at scale.

Want to know more? Check out the source code here.

Peripheral Raises for 3D Sports

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Toronto-based Peripheral has raised $8.7 million in seed funding to expand its spatial intelligence platform for live sports. The round was co-led by Inovia Capital and Deloitte Ventures, with follow-on backing from Khosla Ventures and Entrepreneurs First, bringing total funding to $12.5 million.

Founded in 2024 by Kelvin Cui and Mustafa Khan, Peripheral turns standard multi-camera sports feeds into navigable, game-like 3D environments for immersive replays, player tracking, and biomechanics. The company recently demoed with NBA and WNBA officials through NBA Launchpad and plans to expand engineering, accelerate stadium deployments, and launch a browser-based replay platform later this year.

Want to know more? Check out the source code here.

Moneris Moves to Francisco Partners

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RBC and BMO have agreed to sell Moneris to Francisco Partners in a deal valued at $2 billion, shifting one of Canada’s biggest payments companies from bank ownership to U.S. private equity. Moneris, founded in 2000 as a joint venture between the two banks, helps merchants accept and manage payments across roughly 325,000 points of commerce.

The deal includes long-term commercial agreements under which RBC and BMO will refer Canadian clients to Moneris. For Francisco Partners, which also owns Verifone and holds a stake in Paysafe, the acquisition adds scale in merchant payments and Canadian financial infrastructure.

Want to know more? Check out the source code here.

Theia Tracks Safer Patient Care

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Toronto-based Theia is helping New Brunswick researchers evaluate whether patient-turning technology can reduce injury risk for healthcare workers. The study uses Theia3D, the company’s markerless motion-capture platform, to compare caregivers repositioning simulated patients with and without Vendlet, a device from Denmark’s DHG.

Theia’s machine-learning software turns multi-camera video into 3D biomechanical data, avoiding reflective markers that would have made more than 500 trials difficult to run. Researchers from Université de Moncton and the University of New Brunswick are leading the project, with funding from WCB, WorkSafe Saskatchewan, and Mitacs.

Want to know more? Check out the source code here.

AI Agents Move Into Workflows

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Salesforce’s Agentic Enterprise Index suggests AI agents are moving from pilots into daily business workflows. Based on usage data from companies using Salesforce’s platform, the index found agent use is expanding across sales, service, marketing, commerce, and internal operations as businesses test where automation can improve productivity.

Salesforce says the research tracks real engagement rather than survey sentiment, offering an early look at how agentic AI is being adopted inside enterprises. The findings point to a shift from standalone chatbots toward connected systems that can act across customer data, business apps, and employee processes under human oversight and clear governance.

Want to know more? Check out the source code here.

Shopify Posts Monster Quarter

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Shopify delivered what president Harley Finkelstein called a “monster quarter,” with gross merchandise volume, revenue, gross profit, and free cash flow all growing more than 30 percent. The Ottawa-founded commerce platform reported second-quarter GMV of $116 billion, up 32 percent year over year, as merchant growth continued across company sizes, geographies, and sales channels.

Revenue also beat expectations, while Shopify guided for third-quarter revenue growth in the low-30-percent range. The results helped ease concerns that AI-powered shopping could weaken traditional e-commerce platforms, instead suggesting Shopify’s merchant tools, checkout, payments, and AI features are reinforcing its role in online commerce.

Want to know more? Check out the source code here.