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Canadian Tech in 100 Words

INETCO Partners with Serfinsa to Expand Across Central America

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Vancouver’s INETCO has partnered with Serfinsa, El Salvador’s top payment processor, to power real-time monitoring for acquiring services across Central America. INETCO Insight, the company’s AI-driven platform, offers transaction visibility without compromising speed, helping detect failures, streamline diagnostics, and enable real-time analytics.

With ambitions to expand in Costa Rica, Honduras, and beyond, Serfinsa selected INETCO for its proven ability to scale. CEO Leandro Guini highlighted the need for reliable insights as Serfinsa now serves 90% of El Salvador’s acquiring banks. Founded in 1984, INETCO has grown quietly into a global fintech leader, now active in over 30 countries.

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

Propel’s AI-Powered Lending Drives Global Credit Inclusion

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Propel Holdings (TSX: PRL) has extended $2 billion in credit to over one million consumers through platforms like CreditFresh, MoneyKey, and Fora Credit. The Toronto-based fintech leverages AI, bank partnerships, and its Lending-as-a-Service model to scale financial inclusion in Canada, the U.S., and the U.K.

Chief Revenue Officer Noah Buchman attributes Propel’s performance to strong leadership, values-aligned partnerships, and market demand. Notably, its KOHO partnership is thriving. Despite global uncertainties, Propel sees opportunity as traditional lenders pull back. Buchman says Propel’s focus remains clear: deliver fast, responsible access to credit in overlooked markets globally.

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

Shopify CEO, Palihapitiya Debate AI’s Limits and Promise

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At Toronto Tech Week’s Homecoming panel, Shopify CEO Tobi Lütke and Social Capital’s Chamath Palihapitiya discussed artificial intelligence’s promise and pitfalls. Lütke warned companies against clinging to tools instead of focusing on core problems. “Fall in love with problems,” he said, urging flexible thinking in AI use.

Palihapitiya called AI “transformational,” capable of rebuilding society, but downplayed “vibe coding” as ineffective. Both stressed infrastructure challenges ahead, from energy to silicon. Lütke rejected claims that STEM degrees were devalued by AI, labeling it a “dangerous narrative.” The panel, hosted by Satish Kanwar, offered both optimism and caution for AI’s next frontier.

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

BlackBerry Stock Jumps 13% After Surprise Profit

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BlackBerry shares surged 13% Wednesday after the company posted its first quarterly profit since 2022. The Waterloo-based tech firm reported a US$1.9 million profit in Q1, surprising analysts who projected a US$10 million loss, according to Visible Alpha. Revenue reached USD $121.7 million, topping expectations of USD $112.6 million.

The rebound comes as BlackBerry restructures operations, including a revamp of its QNX division and the sale of a major cybersecurity unit. Additionally, it gained approval to provide its AtHoc secure communications software to U.S. federal agencies. The earnings report marks a potential turning point in the company’s ongoing transformation.

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

EarthDaily Launches First Satellite in AI-Ready Constellation

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Vancouver-based EarthDaily Analytics has launched the first satellite in its ten-satellite EarthDaily Constellation, signaling a breakthrough in Earth Observation. Initial telemetry confirms a successful deployment, with power-positive status and solar arrays extended. Designed for daily, high-resolution, AI-ready imaging, the constellation will support agriculture, mining, climate monitoring, and defense.

CEO Don Osborne emphasized the system’s predictive capabilities and industry readiness. The remaining satellites will launch by 2026. Backed by Antarctica Capital, EarthDaily aims to provide unmatched global change detection through calibrated, multi-sensor data. This milestone marks a pivotal step in delivering precision Earth intelligence at scale.

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

Dentons to Co-Develop AI Legal Startups with AXL

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Dentons Canada and venture studio AXL have forged a strategic partnership to reshape the legal industry through artificial intelligence. Dentons will serve as AXL’s exclusive legal partner and preferred counsel for its AI startup portfolio. Led by Dr. Daniel Wigdor, AXL aims to launch 50 AI-driven firms, merging University of Toronto research with market needs.

Dentons joins AXL’s Catalyst think tank, contributing legal insight from day one of venture formation. CEO Tim Haney and Partner Mike Hollinger emphasized Dentons’ role in redefining legal services. Together, the partners intend to deliver practical AI tools, transforming law through innovation.

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

Entropy Acquires Carbon Hubs in $35M Deal

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Entropy, a Calgary-based subsidiary of Advantage Energy, will expand its carbon capture and storage operations through a $35 million acquisition of three Western Canadian carbon hubs. The definitive agreement includes Belle Plaine and North Battleford hubs in Saskatchewan and a 50% stake in Alberta’s Rolling Hills hub.

    The $20 million cash transaction includes $15 million in milestone payments and is expected to close in July. TD Securities advised the unnamed seller. Funding is via Entropy’s $500 million backing from Brookfield and the Canada Growth Fund. CEO Sanjay Bishnoi called it a milestone in commercial CCS growth.

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

    Alexi Debuts Private AI Cloud for Law Firms

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    Toronto-based legaltech startup Alexi has launched Alexi Private Cloud, a fully-isolated AI deployment for law firms seeking tighter control over data and infrastructure.

    The platform enables legal teams to run Alexi’s AI tools within their own secure environment—supporting custom workflows, full IP ownership, and enterprise-grade compliance. “A law firm’s proprietary AI is now a critical source of competitive advantage,” said Alexi CEO Mark Doble. The new product is available in all U.S. and Canadian jurisdictions and supports scalable rollout across entire firms.

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

    Branded Call Display Aims to Restore Trust in Phone Calls

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    TELUS and TransUnion have launched Branded Call Display in Canada, a new service that allows participating businesses to show their name, logo, and call reason on recipients’ mobile phones. Aimed at reducing fraud and improving call engagement, the service authenticates calls in real time, helping Canadians distinguish legitimate communication from spoofed numbers.

    A recent TransUnion survey found 70% of Canadians are more likely to answer verified calls. TELUS says the initiative builds on efforts to modernize voice communications, including previous work with STIR/SHAKEN protocols to fight robocalls and scams.

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

    Canadian Farm Tech Brings Hope to War-Stricken Moldova

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    A Canadian-designed hydroponic farm is now operating in Rîșcova, Moldova, providing fresh produce to refugees and local families year-round. Developed by Just Vertical and GlobalMedic, the initiative marks the first use of indoor farming for humanitarian aid in the region.

    Moldova, burdened by harsh winters and war-related supply disruptions, struggles with food security—an issue intensified by over 127,000 Ukrainian refugees. The farm grows over 1,000 plants at once, producing culturally relevant crops without relying on soil or stable weather. A documentary on the project, “Moldova Feeds,” recently won Best Short Documentary at the 2025 Niagara Canada International Film Festival.

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