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Canadian Tech in 100 Words

UK Fintech Expands Regulatory Footprint in Canada

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London fintech LemFi has been registered as a payment service provider by the Bank of Canada under the Retail Payment Activities Act, placing its Canadian operations under federal supervision. LemFi serves a fast-growing remittance market where Canadians sent US$8.6 billion abroad in 2023.

Co-founder Rian Cochran cited regulatory commitment. LemFi supports key corridors including India, China, and the Philippines. The firm serves two million users globally, raised £53 million, and grew revenue 65%.

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

Data Centre Cooling Specialist May Change Hands

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New York-based investor KKR is exploring a potential sale of Canadian cooling specialist CoolIT Systems, according to the Financial Times. Advisors have been hired to assess buyer interest. Mubadala Investment Company holds a minority stake.

CoolIT designs liquid cooling systems for data centres, circulating low-temperature fluids to dissipate heat from servers increasingly strained by artificial intelligence workloads. The method is rapidly replacing traditional air cooling as facilities scale. A sale could command a premium over CoolIT’s reported US$270 million valuation when KKR acquired it in 2023.

Want to know more? Check out the source code on The Logic.

UniUni Raises $85M for Logistics Expansion

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Richmond-based UniUni has secured USD $85 million to expand automation and operations across North America. The financing comprises a $30 million equity round led by Rockets Capital and a $55 million credit facility from Royal Bank of Canada, bringing total funding to $285 million.

Chief executive Peter Lu said proceeds will advance sortation systems and core infrastructure. UniUni now serves 65% of the United States and 80% of Canada, reaching more than 500 cities. The company targets faster, more reliable last-mile delivery for e-commerce merchants.

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

EverWind Secures $200M for Nova Scotia Projects

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Halifax-based EverWind Fuels has secured more than $200 million to advance a 650-megawatt onshore wind portfolio and the Point Tupper Green Fuels Project. Financing came from Nuveen through its infrastructure credit arm and Energy Power Infrastructure Credit II fund.

Founder and chief executive Trent Vichie called the deal a vote of confidence in Nova Scotia. Portfolio manager Don Dimitrievich cited scalable infrastructure strategy. Construction begins 2026, operations targeted 2028. Founded 2021, EverWind projects jobs, procurement, and tax benefits provincewide.

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

AI Use Surges Across Legal Profession

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Nearly seven in ten legal professionals now use artificial intelligence tools at work, according to the 2026 Legal Industry Report by 8am. Drawing on 1,300 respondents, the study found 69% use general AI tools and 61% report weekly time savings, yet fewer than half receive formal training on responsible deployment.

Researchers warn governance and risk oversight trail adoption. Access to justice remains strained by high costs and court inefficiencies. Respondents also cited polarization and misinformation as threats to institutional stability. Formerly AffiniPay, 8am develops LawPay, MyCase, and DocketWise.

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

Foresight Canada Names National Cleantech Finalists

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Foresight Canada has unveiled finalists for the inaugural Canadian Cleantech Awards, recognizing ventures, adopters, funders, and ecosystem leaders advancing net-zero and economic resilience.

Winners will be announced May 13 at the Climate Innovation Zone during Web Summit Vancouver, alongside partners NorthX Climate Tech, Innovate BC, Alacrity Canada, CRIN, and Simon Fraser University. Categories span Venture, Adopter, Funder, and Champion honors nationwide. Interim chief executive David Sanguinetti praised innovators’ national impact.

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

Coalition Targets $100M for Carbon Removal

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Canada’s carbon removal sector received a boost with the launch of the Advance Carbon Removal Coalition (ACR), an initiative aimed at mobilizing $100 million for Canadian carbon dioxide removal projects by 2030.

Led by Carbon Removal Canada, the coalition brings together founding members including the Government of Canada, BMO, ClimeFi, NorthX, RBC, Shopify, and Vancity. Together, the organizations have already committed more than $75 million to the country’s emerging carbon removal ecosystem. ACR will focus on increasing demand for high-integrity carbon removal credits, helping projects secure financing and scale deployment. Supporters say stronger demand signals are essential for Canada to compete in the rapidly growing global carbon removal market.

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

TD Tops Canada in Global Banking Brand Value

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TD Bank Group has again been named Canada’s most valuable banking brand, according to London-based consultancy Brand Finance. TD’s 2026 brand value climbed 28% to USD $22.3 billion, placing 14th globally. Royal Bank of Canada ranked 16th with USD $18.8 billion and was deemed strongest among Canadian customers.

Managing Director Alfred DuPuy cited resilient domestic franchises. CIBC, Scotiabank, and BMO completed the top five. Nine Canadian banks contributed USD $80.4 billion, fourth globally. RBC leads AI adoption nationally.

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

GeoComply Unveils Unified Identity Platform for Brazil

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Vancouver-based GeoComply has introduced a unified identity platform tailored to Brazil’s newly regulated iGaming sector, integrating know-your-customer verification, fraud detection, and geolocation compliance within a single system. The launch follows Brazil’s move to formalize its fast-expanding online betting market, bringing stricter identity and compliance obligations for operators.

Chief executive Kip Levin said the platform replaces fragmented vendor stacks with centralized infrastructure. Built around a managed KYC waterfall, the system enables CPF-based document-free registration while applying behavioural and device intelligence. Member BC Tech Association says innovation strengthens provincial industry competitiveness.

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

Bank of Canada Signals Open Banking Delays

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Bank of Canada signalled further uncertainty around the rollout of open banking, with payments head Ron Morrow cautioning that timelines remain unclear. Speaking in Toronto, Morrow said officials are still compiling requirements before setting a launch date, making a 2026 debut doubtful.

Canada’s framework will mandate standardized data sharing at customer request and replace screen scraping practices Ottawa plans to ban. Oversight recently shifted from Financial Consumer Agency of Canada. The government pledged reforms under Prime Minister Mark Carney. Despite budget reductions, the central bank expressed confidence.

Want to know more? Check out the source code on The Logic.