MaRS announced today that it has completed private financing of $290 million from several Canadian insurance companies, which it will use to repay most of the Ontario government’s interest-bearing loans.
Since filing for IPO just under two years ago, Shopify has shown no signs of slowing down in its mission to dominate ecommerce. Quarter after quarter, the company continues to post impressive results, due in part to an increase in mobile revenue.
Dinaro Ly, Director of the MaRS FinTech cluster in Toronto, connects rising fintech companies with financial industry stalwarts. TechPORTFOLIO recently spoke to Dinaro about the potential that smart startups tap into by incorporating cross-border planning and setting their sights on the world market.
Because railways are so expensive and take so long to plan and build that some cities never learned from their mistakes. The last railway Toronto built was the Sheppard subway – that was about 20 years ago, and before that, the Spadina RT, which came 10 years before it.
Toronto-based Ask The Doctor, a health platform that connects users to doctors to receive immediate help, announced today that it will begin operations in its new office in Shenzhen, China to meet the country’s demand.