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Canadian Tech in 100 Words

Deloitte Unveils Canada’s 2025 Technology Fast 50 Winners

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Deloitte Canada has announced the winners of its 2025 Technology Fast 50, recognizing the nation’s fastest-growing tech innovators. This year’s cohort posted an average three-year revenue growth of 2,623%, the highest in two decades.

Red Rock Regeneration topped the list with 12,166% growth, followed by Neo Financial, first in the Enterprise–Industry Leader category, and Vancouver’s Gearlay, leading Companies-to-Watch with 86,394% growth. Despite talent shortages and global expansion hurdles, AI and automation remain top investment priorities. “Canada’s tech leaders are demonstrating remarkable resilience and ambition,” said Deloitte’s Brendan Cooper.

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

Felix Health Raises $53M to Expand Personalized Telehealth

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Toronto-based Felix Health has secured $53 million in growth financing led by the Canadian Business Growth Fund (CBGF), with participation from BDC’s Women in Tech Venture Fund, BMO, Scotiabank, Whitecap Venture Partners, and H Venture Partners. The funding—an even mix of equity and debt—follows Felix’s recent profitability milestone and 80% year-over-year growth, reaching a $150-million annual run rate.

Founded in 2019, Felix offers personalized telehealth for over 20 conditions including mental health, menopause, and weight management. CEO Kyle Zien said the company plans to scale operations ahead of generic GLP-1 availability and invest in preventive “longevity” programs.

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Milliseconds Matter: Fintech’s Overlooked Hardware Problem

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While fintech discussions often revolve around software and algorithms, hardware remains the silent driver of performance. A delay of just one millisecond can cost a major brokerage $100 million, notes Kevin Jia, CEO of Quoted Tech, a Canadian firm specializing in high-performance custom PCs.

Jia argues that mismatched components, inefficient cooling, or cheap builds create bottlenecks that limit even the best code. Balanced CPU-GPU configurations, fast SSDs, and stable networking are essential for trading, AI, and analytics. “When your business depends on milliseconds,” Jia says, “your infrastructure has to match.”

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

Wealthsimple Unveils New Suite of Investor Tools

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Wealthsimple unveiled a sweeping suite of products this week aimed at giving Canadians “every advantage possible to grow their wealth.” During Wealthsimple Presents: For Nerds Only in Toronto, the fintech announced true zero-commission options trading—the first of its kind in Canada—and new tools like direct indexing, real gold trading, and an expanded crypto lineup exceeding 100 assets.

The company plans to launch its most advanced “Summit” portfolio later this year and an AI-powered trading dashboard in 2025. With $100 billion in assets under management, Wealthsimple continues its mission to democratize complex investing for everyday Canadians.

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

MarineLabs Raises $4M to Expand Maritime AI Platform

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Victoria-based MarineLabs has raised $4 million in a seed extension round led by BDC Capital’s Sustainability Venture Fund, with participation from InBC Investment Corp. The maritime weather intelligence company operates a network of rugged, cloud-connected sensors across North America that provide real-time data on wind, waves, and weather.

The new funding will expand MarineLabs’ sensor network and accelerate growth across the continent. CEO Dr. Scott Beatty said the firm’s technology improves maritime safety and efficiency. MarineLabs’ flagship platform, CoastAware, delivers AI-driven forecasts and analytics used by major ports, pilots, and terminals to enhance coastal operations and resilience.

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

Harvey Expands to Toronto with New AI Engineering Hub

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AI legal platform Harvey has chosen Toronto for its first engineering hub outside the U.S., reinforcing Canada’s growing influence in legal technology. Backed by OpenAI’s Startup Fund and trusted by over 500 clients in 54 markets, Harvey aims to hire about 20 employees by early 2026.

CTO Siva Gurumurthy said Canada’s 35,000 law firms, deep technical talent, and robust innovation ecosystem made Toronto the ideal choice. The new team will enhance Harvey’s secure, customizable AI tools for in-house legal teams, focusing on compliance, privacy, and workflow automation—key priorities as AI reshapes the global legal profession.

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

Fintech Responds to Rising Cost-of-Living Pressures

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Canadian fintech KOHO has launched Joint Accounts, responding to growing demand for smarter money management tools among younger Canadians. According to the firm’s Canadian Shared Finances Report, developed with Angus Reid, 66% of Canadians value shared finances, yet only 42% currently have a joint account.

CEO Daniel Eberhard said KOHO’s new product simplifies shared spending with up to 2% Cash Back on essentials, 3.5% interest on balances, and integrated budgeting tools. Founded in 2014, Vancouver-born KOHO continues to expand its product suite following its $190 million funding round and the recent launch of International Money Transfers.

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

TD Bank Launches AI-Powered Wealth Virtual Assistant

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TD Bank Group has launched a new Wealth Virtual Assistant, a generative AI knowledge system built by its Toronto-based Layer 6 team. The tool, developed for TD Wealth, enables advisors to access information faster and deliver more personalized client support. “We’re equipping our colleagues with best-in-class tools,” said Sara Thomson, Senior Vice President of TD Wealth.

Chief of Analytics and AI Luke Gee added that the assistant reflects TD’s commitment to building a simpler, more efficient bank. The launch is part of a broader plan to deploy seven AI assistants across TD following its investment in AI Prism technology.

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

Canada Taps Kepler for Northern Defence Communications

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Toronto-based Kepler Communications has secured a multi-year contract with Defence Research and Development Canada (DRDC) to demonstrate real-time data sharing and connectivity for continental defence, including the Arctic. The project will test technologies that integrate communications, sensing, and command and control using Kepler’s Low Earth Orbit (LEO) network as a communication backbone.

CEO Mina Mitry said the company is “delivering the future of real-time connectivity for Canada’s Arctic.” Launching in 2026, Kepler’s first relay satellites will test encrypted optical links between space and northern ground terminals, supporting Canada’s efforts to strengthen sovereignty and security in remote regions.

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TELUS Study: Gen Z Sees AI as Key to Education

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A new TELUS study finds that Gen Z, North America’s first “AI generation,” is leading the adoption of artificial intelligence—especially in education. Nearly half of Gen Z respondents in Canada (46%) and the U.S. (45%) support AI in classrooms, citing benefits such as accessibility and personalized learning.

TELUS Chief Data & Trust Officer Pam Snively said AI will enhance education but also demand new teaching approaches emphasizing creativity and critical thinking. Despite optimism, concerns persist: 90% of Canadian Gen Z worry about AI’s societal impact, while 48% fear job loss through automation.

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