Finix first launched in Canada in 2024 and is committed to helping Canadian businesses modernize payments with its robust payment stack, developer-friendly APIs, and no-code/low-code tools. It also enables U.S.-based companies to expand internationally without the need for multiple APIs, integrations, or compliance challenges. Now with direct integrations to all major Canadian card networks, Finix eliminates the need for third-party gateways or additional providers.

“Businesses need to offer their customers options to pay however works for them, but until now, that meant stitching together different tools. Finix gives businesses one platform to focus on growth rather than payment complexity,” says Richie Serna, CEO of Finix. “Our integration with Interac makes it easier for businesses in Canada to accept in-store payments the way customers actually want to pay. We’re making localized omnichannel payments more accessible than ever.”

“Finix’s expansion is a powerful example of how global fintech leaders are choosing Toronto for more than market access; they’re choosing collaboration,” said Stephen Lund, CEO of Toronto Global. “By building here, Finix is helping modernize Canada’s payment infrastructure, creating high-value jobs, and deepening the talent and technology ecosystem that keeps our region at the forefront of financial innovation.”

The Challenge: Complex Payments Across Borders

Expanding into Canada has traditionally required managing multiple vendors, separate APIs, and local banking rules. This creates friction, operational risk, and slows growth for both Canadian businesses and U.S.-based companies expanding internationally.

Interac Debit supports contact and contactless payments, ensuring secure transactions compliant with Canadian standards. This allows Finix to provide a single, reliable platform that streamlines payments across borders while maintaining compliance with local regulations.

Finix’s Omnichannel Solution: One Platform, Many Possibilities

With Interac integrated, Finix now provides a modern, full payment stack that supports:

• Point-of-sale terminals for in-person payments
• Online checkout for e-commerce
• Onboarding and payouts for smooth operations
• Risk tools and settlement flows for security and compliance.

Businesses no longer need third-party gateways, multiple APIs, or a team of developers to build and deploy high-performing omnichannel payment infrastructure. Finix handles all major Canadian card networks directly, including Interac, allowing companies to focus on serving customers rather than managing numerous payment systems. With developer-friendly APIs and a suite of no-code/low-code payment tools, Finix is empowering Canadian businesses to create tailored payment solutions that fit their unique business needs.

Ready to simplify payments and streamline operations across channels? Discover how Finix’s omnichannel platform can seamlessly manage both in-store and online payments.

Partnerships That Power Seamless Payments

Finix’s expansion into Canada is supported by its partnership with Toronto Global.

Toronto Global shared: “Toronto was a natural choice for Finix’s expansion into Canada. As the country’s largest financial centre and one of North America’s fastest-growing tech hubs, Toronto offers unparalleled access to payment networks, engineering talent, and a thriving fintech ecosystem anchored by global players and emerging innovators. Its strong regulatory environment, proximity to major U.S. markets, and collaborative public–private sector support make it an ideal launchpad for Finix’s international growth and for modernizing payments across borders.”

This partnership ensures technical excellence and reinforces Finix’s commitment to local engagement, talent development, and economic growth.

The Merchant Experience: Real Benefits in Action

A mid-sized Canadian coffee chain recently adopted Finix’s platform. Previously, reconciling online and in-store transactions caused reporting delays and frustrated staff—the result: faster transactions, happier customers, and reduced operational friction.

With Finix:

• Online orders sync instantly with in-store inventory
• Staff can accept Interac debit and contactless payments without additional equipment.
• Accounting and reporting are automated.
• This demonstrates how Finix’s omnichannel platform empowers businesses to modernize payments without overhauling existing processes.

Scaling Payments Across Borders

Offering localized payment solutions is critical for businesses. Finix simplifies expansion into Canada by:

• Providing one API for U.S. and Canadian payments
• Handling compliance and local regulations automatically
• Offering direct integration with Interac and all major Canadian card networks
• This enables businesses to grow internationally with confidence and minimal complexity.

Investing in the Future of Payments

Finix is scaling its Canadian presence through local hiring, partnerships, and long-term investment, supporting more businesses as they modernize their payment infrastructure.

This expansion aligns with Finix’s broader mission: removing friction from payments globally. As card-present capabilities now live in Canada, more businesses can scale confidently while keeping transactions secure, compliant, and seamless.

Ready to simplify payments and grow your business across borders? Explore how Finix’s omnichannel platform can transform payment operations in North America.

Read the full press release here

TORONTO, October 21, 2025 – SK Biopharmaceuticals, a global life-sciences company based in South Korea, and Eurofarma, a leading Brazilian multinational pharmaceutical company, today announced the launch of their joint venture, Mentis Care, in Toronto, Canada.

Mentis Care will focus on research and development of AI-powered digital health solutions for the management of neurological disorders, beginning with technology designed to improve diagnosis and care for people living with epilepsy. The company’s initial platform will combine advanced artificial-intelligence algorithms with real-time electroencephalogram (EEG) data to support early seizure prediction and personalized treatment planning.

This partnership marks SK Biopharmaceuticals’ and Eurofarma’s first joint digital-health venture in North America, representing a shared commitment to advancing global innovation in central-nervous-system (CNS) disorders through responsible AI and collaborative research.

“SK Biopharmaceuticals is expanding beyond pharmaceuticals into digital healthcare to open new possibilities in patient care,” said Donghoon Lee, CEO of SK Biopharmaceuticals. “Through Mentis Care, we will advance toward patient-centered innovation by integrating AI and clinical data to improve epilepsy treatment.”

“For Eurofarma, the joint venture represents the future we envision for healthcare, combining digital technologies and medicines for a transformative and positive leap in patients’ lives. We are a reference in central nervous system treatments in Latin America, with a broad portfolio of medicines and close relationships with psychiatrists and neurologists. For some years now, we have added digital innovation investments to our R&D activities, and since 2022, we have maintained a small operation in North America. With this new partnership, we will strengthen these fronts in a single move,” says Rodrigo Pereira, Director of Entrepreneurship and Digital at Eurofarma.

Mentis Care has appointed Hassan Kotob, former Chief Executive Officer of Brain Scientific, as Chief Executive Officer (CEO). Kotob, a veteran healthcare and technology executive with a proven track record across high-growth and emerging technology companies, will lead Mentis Care’s development of a first-of-its-kind, AI- and data-driven platform for predictive brain health — transforming how seizures and other neurological events are forecast and managed.

“Mentis Care is an AI-driven digital health company with a mission to help patients with epilepsy live safer and more independently through AI-powered seizure prediction and monitoring,” said Hassan Kotob, CEO of Mentis Care. “By combining the innovation capabilities of our partners, SK Biopharmaceuticals and Eurofarma, we aim to establish a new standard in digital epilepsy management for patients worldwide.”

Located in the MaRS Discovery District, Mentis Care joins one of the world’s most dynamic innovation ecosystems, supported by leading institutions such as the University of Toronto, the Vector Institute, and a network of globally recognized research hospitals.

“On behalf of the City of Toronto, I am delighted to welcome Mentis Care to our growing community of innovators,” said Olivia Chow, Mayor of Toronto. “Toronto’s world-class talent, research institutions, and collaborative ecosystem continue to attract leading global companies that see our city as a partner in advancing health and technology for universal benefit.”

Toronto Global and Invest Ontario provided advisory support to Mentis Care and its parent companies throughout their North American expansion process.

“The decision by SK Biopharmaceuticals and Eurofarma to establish Mentis Care in Toronto is a strong vote of confidence in our region’s leadership in AI and life sciences,” said Stephen Lund, CEO, Toronto Global. “Their presence will contribute to a growing wave of AI-enabled health innovation that is shaping the future of patient care worldwide.”

“We’re proud that SK Biopharmaceuticals and Eurofarma chose Ontario as the base for their next phase of growth,” said Khawar Nasim, CEO of Invest Ontario. “This expansion reflects the confidence international investors have in the Ontario life sciences community and aligns with our strategy to diversify and deepen partnerships that contribute to a more resilient economy.

For more information about Toronto Global, please visit www.torontoglobal.ca.

Contact

Erika Lewis, Manager, Communications 416-271-2641 elewis@torontoglobal.ca

About SK Life Science, Inc. and SK Biopharmaceuticals Co., Ltd.

SK Life Science, Inc., with headquarters in Paramus, New Jersey, is a U.S. subsidiary of SK Biopharmaceuticals Co., Ltd., a pioneering South Korean company in drug development and commercialization. Together, they are advancing innovative treatments for central nervous system (CNS) disorders and oncology, with eight compounds currently in development. Utilizing target-based drug discovery, high-throughput organic screening/high content screening, computer-aided drug design, and combinatorial chemistry, the companies drive R&D efforts in biology/discovery, medicinal chemistry, pharmacology, and clinical development. For more information, visit www.SKLifeScienceInc.com.

Group is a collection of global industry-leading companies driving innovations in energy, advanced materials, biopharmaceuticals and digital business. Based in Seoul, SK invests in building sustainable businesses around the world with a shared commitment to reducing global greenhouse gas emissions. SK companies combined have $151 billion in global annual revenue and employ more than 100,000 people worldwide. SK Group is one of TIME’s 100 Most Influential Companies of 2023. SK Inc., the parent company of SK Biopharmaceuticals, continues to enhance its portfolio value by executing long-term investments with a number of competitive subsidiaries in various business areas, including pharmaceuticals and life science, energy and chemicals, information and telecommunication, and semiconductors. In addition, SK Inc. is focused on reinforcing its growth foundations through profitable and practical management based on financial stability, while raising its enterprise value by investing in new future growth businesses. For more information about SK Inc., visit https://sk-inc.com/en/main/mainpage.aspx. For more information about SK Biopharmaceuticals, visit
www.skbp.com/eng.

About Mentis Care

Mentis Care is an AI-driven digital health company transforming neurological care through the first predictive AI platform for brain health. The platform is designed to detect and forecast seizures and other neurological events in real time. By combining advanced machine learning with clinical expertise, Mentis Care aims to give patients and families greater safety, confidence, and peace of mind — while setting a new global standard in brain health and digital neuromonitoring.

• Cognichip expands partnerships with the University of Toronto and the University of Waterloo to grow the next generation of chip design engineers.
• This builds on rapid momentum since launching out of stealth in May with $33M in seed funding, adding world-class advisors.

Toronto, ON– October 9, 2025 — Today, Cognichip, the company pioneering Artificial Chip Intelligence (ACI®) for semiconductor design, announces the opening of its new office in downtown Toronto. The new location will serve as a hub for engineering and research excellence, strengthening Cognichip’s global footprint and supporting its mission to transform how semiconductors are designed.

Toronto was selected for its deep experienced talent pool, world-class AI research, and strong tech landscape. With leading universities and research institutions at the University of Toronto and the University of Waterloo nearby, the city offers Cognichip access to top-tier engineering and AI talent.

Cognichip’s Toronto office will house engineering, research, and business development teams as the company continues to grow rapidly. 

“As our presence continues to grow, we need a location that could match our pace of innovation and scale,” said Faraj Aalaei, CEO and Founder of Cognichip. “Toronto stood out for its exceptional ecosystem — from the brilliant students at the University of Toronto and University of Waterloo to the city’s vibrant research community with decades of notable contributions to science and technology. Our new office allows us to tap into international talent, build lasting partnerships, and accelerate both our technology and mission.”

The Toronto expansion reflects growing international recognition of the region’s technical capabilities and business environment for AI-driven hardware companies.

“We’re proud to welcome Cognichip to Toronto, where its investment will create high-quality jobs, strengthen Toronto’s global position as a leader in AI and advanced compute, and help fuel long-term economic growth for our city,” said Toronto Mayor Olivia Chow. 

That vision is strengthened by Cognichip’s decision to base its new office within MaRS Discovery District, North America’s largest urban innovation hub and a cornerstone of Toronto’s tech community.

“Welcoming Cognichip into the MaRS community is exactly the kind of collaboration we aim to foster,” said Ian Spence, Business Development Manager at MaRS Discovery District. “By locating within our innovation hub across from the University of Toronto, Cognichip is joining a thriving network of researchers, entrepreneurs, and partners committed to advancing science and technology at scale.”

Through the University of Waterloo’s renowned co-op program, Cognichip hired several top-tier students for the September–December semester and plans to hire additional students in early 2026. In parallel, the company is collaborating with researchers and faculty at the University of Toronto while continuing to recruit experienced engineers and AI experts. Together, these efforts expand Cognichip’s pipeline of talent and reinforce its commitment to combining fresh perspectives with seasoned expertise to shape the future of chip design.

Since launching in May 2025 with $33M in seed funding, Cognichip has quickly built momentum, from growing its team and advisors to deepening partnerships with leading universities. That collaboration is already being recognized by faculty leaders:

The University of Waterloo’s co-op program is designed to connect bright and skilled talent with industry leaders for their needs now and in the future,” said Shabnam Ivković, Director, Industry Relations, University of Waterloo. “Cognichip’s commitment to hiring and mentoring our students strengthens the Toronto-Waterloo innovation corridor.

“We’re excited to welcome Cognichip into the metropolitan Toronto area and give our students and faculty another avenue in AI innovation,” said Peyman Mohajerin Esfahani, Associate Professor, University of Toronto, and Scientific Advisor at Cognichip. “Cognichip’s approach to AI and semiconductors is exactly the kind of opportunity that helps our students, faculty, and graduates thrive.”

Toronto Global, the organization that proactively attracts international companies to expand into the Greater Toronto Area, is a strategic partner in Cognichip’s Toronto expansion:

“When a top venture-backed semiconductor AI company makes Toronto its first international office, that signals something important about our competitive position in AI and deep tech,” said Stephen Lund, CEO of Toronto Global. “Cognichip isn’t just setting up a satellite office—they’re making a substantial investment in engineering and research here because they see our talent ecosystem as a strategic advantage. This move validates and showcases the Toronto Region as a place where the world’s most innovative companies can scale.”

About Cognichip

Cognichip is developing the world’s first Artificial Chip Intelligence (ACI®) to reimagine chip design. Founded by experts from Amazon, Google, Apple, Aquantia, Synopsys, and KLA, the company tackles high cost and inaccessibility in chip development, enabling hardware to evolve as quickly as software innovation.

Backed by $33 million in seed funding from Mayfield, Lux Capital, FPV, and Candou Ventures, Cognichip’s ACI® reduces design cycles by 50%, cuts development costs by 75%, and optimizes power, performance, and efficiency. ACI® accelerates innovation and broadens access to semiconductor technology by making it easier, more affordable, and accessible to a broader range of innovators. Learn more at www.cognichip.ai.

Media Contact

Rick Liebling, Vice President, VSC on behalf of Cognichip

cognichip@vsc.co 

“I founded Heidi to build an AI Care Partner that stands alongside clinicians, empowering them to deliver the care to which they have dedicated their lives.”

The Series B funding will accelerate Heidi’s mission to build an AI Care Partner that sits alongside clinicians, expanding their capacity by automating tasks such as clinical documentation, evidence search, and follow-up communications. Research shows clinicians spend nearly as much time on administration as on patient care. In just 18 months, Heidi has returned more than 18 million hours to frontline clinicians by streamlining critical administrative tasks.

Dr. Thomas Kelly, the CEO and co-founder of Heidi and former vascular surgical resident, said:

“It is untenable that healthcare demand continues to rise while clinical time continues to shrink. Building a sustainable healthcare system requires expanding clinical capacity without compromising clinician wellbeing or patient safety. That’s why I founded Heidi: to build an AI Care Partner that stands alongside clinicians, empowering them to deliver the care to which they have dedicated their lives.”

Tens of thousands of clinicians from over 200 medical specialties have turned to Heidi to ease administrative overload. Over the past 18 months, Heidi has supported 73 million patient consults and now supports over two million consults weekly in 110 languages across 116 countries.

As part of this Series B funding round, Heidi will continue to expand their headcount, office locations and local support in the USA, UK and Canadian markets and build on clinician-led adoption in France, Spain, Germany, Ireland, South Africa, Singapore and Hong Kong.

Primary care, hospitals and healthcare systems are exploring AI capabilities with Heidi, in:

• the UK selected by Modality Partnership in the largest deployment of ambient AI in UK and Cambridge University Hospitals NHS Foundation Trust; in pilot programmes with NHS Trusts across the North West London Acute Provider Collaborative – a group of hospitals serving a local population of ~2.2 million and One LSC, the collective of the five NHS Trusts in Lancashire and South Cumbria, serving nearly 1.8 million people;
• the USA with Beth Israel Lahey Health, the largest network of hospitals in Massachusetts and is cited as a “transformation partner” by MaineGeneral, one of the largest hospital networks in Maine which operates the biggest outpatient centre in the state;
• Canada as the official choice of the Yukon Government;
• Australia’s public health system with Monash Health, serving a local population of ~1.6 million across 40 facilities including 7 hospitals, and Queensland Health Children’s Hospital and Health Service, who leads life changing-care for children and young people, delivering a full range of clinical services, tertiary level specialist care and health promotion programs;
• New Zealand, formally endorsed by the Health Ministry as one of two healthcare AI providers safe to trial in the public health system.

Sri Chandrasekar, Managing Partner at Point72 Private Investments, which led the Series B funding round said:

“We believe administrative burden is contributing to clinician burnout and capacity challenges across healthcare systems. Heidi’s platform has the potential to meaningfully improve how clinicians manage their administrative workflows. We’re impressed by the adoption rates they’ve demonstrated within health systems and are excited to support their vision of expanding healthcare capacity while preserving the human touch in patient care.”

Heidi also today announced the appointment of Paul Williamson as Chief Revenue Officer, and Dr. Simon Kos as Chief Medical Officer.

Paul Williamson, previously Head of Revenue at Plaid, said:

“During my career, I’ve chosen to work with companies that have transformed their respective industries – from Salesforce in customer relationship management to Plaid in financial services. Today, I join Heidi’s mission to redefine healthcare in the age of AI.”

Dr. Simon Kos, previously Chief Medical Officer of Microsoft, said:

“With Heidi by their side, clinicians not only improve their experience of delivering care but the patients’ experience of receiving it. Heidi’s bold vision extends beyond the current promise of ambient voice technology and into a future where every clinician can leverage AI to expand their clinical capacity while protecting the human touch in healthcare.”

About Heidi

Heidi is building an AI Care Partner to expand clinical capacity by automating administrative work — documentation, form filling, and task management — so clinicians can focus on patients. Used across emergency departments, general practice, and specialist clinics, Heidi supports more than 2 million consults each week in 110 languages from 116 countries. Founded in Melbourne, Australia, Heidi has raised $96.6M USD from global investors including Point72 Private Investments, Blackbird, Headline, Phoenix Court’s growth fund – Latitude, Possible Ventures, and Archangel. Heidi adheres to international standards including the NHS, HIPAA, GDPR, and Australian Privacy Principles, and has obtained enterprise-grade security certifications such as SOC2 and ISO27001.

Learn more at heidihealth.com.

Contacts

Heidi Media:
Emma MacKenzie
media@heidihealth.com

USA:
Mackenzie Kreitler
mkreitler@heycommand.com

UK:
Rachel Gurney
rachel@founderscomms.co

Australia, New Zealand, Asia Pacific:
Caroline Shawyer
caroline@prgroup.com.au

Canada:
Lauren Hayes
lauren@pulsepointcommunications.ca

Since entering the Canadian market, HUNGRY has already hired 28 employees and contractors. HUNGRY plans to continue growing its Canadian team in the coming year.

Canada’s strong workplace culture and demand for curated culinary experiences made the country a natural choice for HUNGRY’s international growth. By integrating Foodee’s established network of independent restaurant partners and corporate clients with HUNGRY’s technology-driven platform, the company is well-positioned to deliver seamless, chef-driven food solutions to Canadian businesses. The Toronto Region will serve as a key hub for this growth, providing access to one of North America’s largest corporate markets and a diverse talent pool. 

Over the past year, HUNGRY has advanced its mission through two transformative acquisitions: Garten, a forward-thinking snacks and pantry company, and Foodee. These integrations have broadened its ability to enhance workplace culture, promote well-being, and support sustainability while continuing to expand its footprint across North America.

Canadian businesses’ readiness to embrace new solutions has also accelerated HUNGRY’s success in the market. “Canadian businesses and consumers are impressively quick to adapt to new solutions and technologies,” said Jeff Grass, CEO at HUNGRY. “The readiness to embrace our unique platform and services has been remarkable, allowing us to swiftly make an impact and tailor our offerings to meet the specific needs of Canadian workplaces and events seamlessly.”

Toronto Global, the organization that proactively attracts international companies to expand into the Greater Toronto Area, worked with HUNGRY on its expansion. “Local expertise is invaluable. Partnering with established Canadian brands, great Canadian law firms like Arid Berlis and other organizations is one of the most effective ways to build credibility and foster community connections,” said Grass.

“HUNGRY’s decision to choose Toronto as its first foray into Canada is a testament to the strength of our market, the diversity of our talent, and the entrepreneurial spirit that fuels innovation here,” said Stephen Lund, CEO, Toronto Global. “With access to one of the largest corporate communities in North America and a thriving food culture, HUNGRY will have no shortage of clients in our region.”

Mayor Olivia Chow also highlighted Toronto’s role as a gateway to growth. “Toronto is proud to welcome HUNGRY to our city,” said Mayor Olivia Chow. “Our world-class culinary scene, diverse talent, and dynamic business community make Toronto a natural destination for companies that want to innovate and thrive. We look forward to seeing HUNGRY grow and contribute to the fabric of our city,” said Mayor Chow.

As the company continues to grow in Canada, its focus remains on empowering local chefs and restaurants, fostering innovation in workplace dining, and delivering happiness one meal at a time.

About HUNGRY

HUNGRY is a food-tech platform that provides exceptional catering, snacks, and event services to workplaces across North America. With a mission to deliver happiness through food, HUNGRY connects companies with top local chefs and restaurants while supporting sustainability and community impact. Founded in 2017, HUNGRY now serves clients across major U.S. and Canadian cities, fueled by its chef-first model and innovative technology.

Media Contact:
Briana Scazafabo
Senior Director of Marketing
briana@tryhungry.com
267-575-3310

This week, Blue Ocean Games officially launched with a $30 million USD venture fund to back the next generation of indie game developers, operating from its new home base in Toronto. Backed by South Korea’s KRAFTON, Inc., the company behind global hits like PUBG: BATTLEGROUNDS, this investment is not just a win for game creators but a major vote of confidence in Toronto’s tech ecosystem, even as geopolitical headwinds grow stronger.

Founded by Damian Lee, former Head of Investments at KRAFTON, Blue Ocean Games aims to fund 100 indie developers over the next three years. Following the first three years, Blue Ocean Games has plans to launch a second, larger fund with a dedicated regional allocation.

Its unique investment model supports developers at the concept stage, before they have even built a demo, with funding, mentorship, and full IP ownership. The mission is to empower underrepresented creators and spark innovation that traditional investment channels might otherwise overlook.

“Toronto gives us the best of both worlds: the analytics talent we need to run a fund and one of the world’s deepest benches of creative indie developers to invest in. Ontario’s Interactive Digital Media Tax Credit also means we can invest in more teams,” said Damian Lee, CEO of Blue Ocean Games.

Connected through the Canadian Embassy in the Republic of Korea, our team worked closely with KRAFTON and Blue Ocean Games to help them navigate this move. “Toronto Global has been exceptionally proactive, quickly connecting us with key public‑sector bodies, leading educational institutions, and influential industry groups—support that’s been invaluable as we work to build a robust ecosystem around Blue Ocean Games,” said Lee.

The timing of this announcement is especially significant. In a climate where global expansion is becoming increasingly complex and many companies are hesitant to move across borders, Blue Ocean Games is taking a confident step forward. Rather than retreating in the face of economic uncertainty, it is embracing international collaboration and investing in long-term potential.

And that potential is substantial. Toronto has emerged as one of North America’s fastest-growing tech hubs, with over 400,000 tech workers in the region and more tech job growth than the San Francisco Bay Area between 2017 and 2022. It ranks among the top 10 global cities for video game development and is home to over 200 game studios including Ubisoft Toronto, Behaviour Interactive, and Digital Extremes. The city’s diverse talent pool, high-quality education system, and relative affordability make it a magnet for startups and global players alike. Toronto’s developers are world-class, and the ecosystem here is built to nurture long-term creativity.

Blue Ocean’s first initiative, Rising Tide, launches May 1 in partnership with Global Game Jam, offering developers worldwide a chance to validate ideas and access funding. In addition to capital, Blue Ocean is offering developers back-office support, legal help, and cohort-based mentorship, all designed to make game creation more accessible and sustainable.

The takeaway? While new trade policies may be reshaping the global economy, Toronto’s foundation as a center for tech innovation is stronger than ever. Companies like Blue Ocean Games are not just adapting; they are leaning into the regional strengths that are built to last.

As Canada’s largest technology hub, Toronto offers access to top-tier talent, a thriving innovation ecosystem, and proximity to both new and long-standing clients. DXC has operated in Canada for over 20 years, with teams across all 10 provinces supporting more than 350 customers, such as CIBC, Aviva, TD, Manulife, Ivari, Federal Government, Ontario Pension Board, Elections Ontario, Mount Sinai Hospital, and Hitachi Construction Truck. Today, with more than 1,800 employees in Canada, DXC serves as a trusted operating partner and advisor for some of the most significant brands across financial services, healthcare, automotive, public sector and more, to help them thrive in the era of AI by modernizing operations and delivering cutting edge, transformative solutions.

“We’re thrilled to launch our first office in Toronto, the center of Canada’s business and tech community,” said Cameron Art, DXC President of the Americas and UKI. “This office is a clear signal of our long-term ambitions in the region, our commitment to collaborative innovation, and our focus on strengthening relationships with clients in this critical market.”

The Toronto office joins DXC’s global network of collaboration spaces in major business districts around the world, designed to bring teams together and accelerate innovation. It also reflects DXC’s focus on solving digital transformation challenges — including AI, cybersecurity, and cloud.

“With a world-class workforce and strong innovation ecosystem, Ontario continues to attract leading global companies, reinforcing our province’s position as a top destination for tech investment,” said The Honourable Victor Fedeli, Minister of Economic Development, Job Creation and Trade. “We are pleased to welcome DXC Technology to Toronto and wish them continued success as they undertake this significant milestone in their operations.”

This is one of several strategic initiatives DXC is making across the Americas and UKI. The company is also expanding offices in New York City, Miami, and London, further enhancing its ability to serve clients and foster collaboration and co-creation.

DXC is a trusted operating partner to many of the world’s most innovative organizations, delivering services and solutions that drive industries and businesses forward. Our technology, engineering, and consulting experts help clients modernize systems, optimize processes, manage critical workloads, integrate AI-powered intelligence, and put security at the forefront.

For more information, visit www.dxc.com.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

Angelena Abate
Media Relations
+1-646-234-8060
angelena.abate@dxc.com

Roger Sachs
Investor Relations
+1-201-259-0801
roger.sachs@dxc.com

Toronto has long been a financial powerhouse, home to Canada’s largest banks and a thriving investment sector – third in the world. But in recent years, the city has also emerged as a global hub for fintech innovation. At the forefront of this transformation is Wealthsimple, a company that has redefined investing, tax filing, and personal finance, proving that Toronto is not just a financial center, it’s a launchpad for global disruption.

The Toronto Region is the undisputed leader in Canada’s financial services sector, home to 50 percent of the country’s 60,000 fintech workers and over 140 fintech startups. The region ranks among the top five globally in fintech performance and legacy, providing a fertile ground for entrepreneurial talent. This environment has helped Wealthsimple scale rapidly, leveraging the city’s deep expertise and resources to reshape financial services.

The Idea That Sparked a Movement

Founded in 2014 by Michael Katchen, Wealthsimple was built on a simple premise: financial services should be accessible, transparent, and easy to use. Katchen saw a gap in the market—traditional financial institutions were expensive, complex, and catered to an exclusive clientele. By leveraging technology, he envisioned a platform that would make investing effortless for the everyday person.

Starting in Toronto, Wealthsimple quickly gained traction, attracting a new wave of investors who had previously been shut out of the wealth-building process. The company’s sleek design, low fees, and automated investment strategies made it a game-changer in the industry.

Redefining Tax Filing: A Digital-First Approach

Wealthsimple’s innovation didn’t stop at investing. In 2020, the company disrupted another industry ripe for change: tax filing. Wealthsimple Tax introduced a frictionless, pay-what-you-want model that made filing taxes easier and more transparent than ever before.

For years, tax software had been dominated by outdated interfaces, hidden fees, and frustrating processes. Wealthsimple’s approach forced competitors to modernize, setting a new standard for what consumers should expect from digital financial services. What started as a bold experiment soon became the new norm, inspiring a wave of similar offerings from other companies looking to keep up.

Scaling Beyond Canada: A Global Vision

Wealthsimple’s success in Canada laid the foundation for international expansion. With strong backing from major investors, the company has steadily grown its influence, demonstrating that a fintech company born in Toronto can compete on a global scale.

As the company expands its offerings — including commission-free trading and high-interest savings — it continues to challenge traditional financial institutions. Now valued at $4B, Wealthsimple’s ability to scale rapidly while maintaining its core mission of accessibility and innovation has positioned it as a leader in the fintech revolution.

Why Toronto? A City Built for Innovation

Wealthsimple’s rise is no accident—Toronto provided the perfect environment for a fintech company to thrive.

• A Deep Financial Expertise: Toronto is the second-largest financial center in North America, after New York, and home to all five of Canada’s largest banks as well as 41 international banks with Canadian headquarters. This financial depth offered Wealthsimple direct access to industry leaders, regulatory insights, and financial expertise.
• A World-Class Tech Scene: The region is home to 10,000 financial services businesses employing over 270,000 skilled workers. A host of incubators and accelerators contribute to a sustained pipeline of entrepreneurial talent, ensuring a steady flow of new ideas and cutting-edge innovation.
• A Hub for Investment: The Toronto Stock Exchange, North America’s third-largest by total trade, is a global leader in investment, particularly in mining, oil and gas, and cleantech. The Toronto Region also attracts more than half of all foreign capital investment in financial services in Canada, reinforcing its status as an international financial hub.

“Several of my friends that were doing interesting things in the Valley had actually moved back to Toronto to start businesses…I had watched from a distance as it seemed like something special was happening in the Toronto ecosystem and I got really inspired about being part of this” 

– Mike Katchen, Co-Founder and CEO, Wealthsimple.

A Toronto-Born Company That’s Reshaping Finance

From its beginnings as a Toronto startup to its status as a global fintech leader, Wealthsimple exemplifies how innovation in this city doesn’t just stay local, it transforms industries worldwide. By rethinking investment, tax filing, and banking, the company has paved the way for a more accessible financial future.

As Wealthsimple continues to grow, it serves as proof that Toronto isn’t just a great place to start a business, it’s a place where bold ideas become global companies.

Michele Romanow is the co-founder of Clearbanc, a provider of revenue-sharing solutions to fund e-businesses. As the youngest “dragon” on CBC’s Dragon’s Den, her innovative approach to financing has provided entrepreneurs with alternative funding options, reducing reliance on traditional models.

“There’s still a lot of work to do but let’s not forget about how far we’ve come. Just looking back to my parents’ generation, my choices would’ve been limited to roles like being someone’s assistant – something I would have been very bad at. That’s why I’m so motivated by what we’re doing at Clearbanc. We’ve helped eight times more female founders get funding. Every day, we help more people build their dream no matter who they are or where they’re from. Whether you’re just starting out in your career or at the pinnacle, we should always look to the other women around us who have succeeded for advice.”

2. Eva Wong

Eva Wong is the co-founder and COO of Borrowell, a fintech company offering free credit scores and financial product recommendations. Her leadership in the fintech sector has opened doors for women in technology and finance, demonstrating the impact of diverse perspectives in traditionally male-dominated industries.

“I never imagined myself as a co-founder or working in tech. I’m not the kind of person who has a thousand business ideas. But I think that anyone can be an entrepreneur. You don’t need to have an “entrepreneurship gene.” My work has been super rewarding and it’s an opportunity to make a difference, even in terms of the company culture we’ve built—we’re gender-balanced and actually have slightly more women than men in senior roles.”

3. Emma Asiedu-Akrofi

Emma Asiedu-Akrofi is the CEO of Fora: Network for Change, an organization dedicated to advancing gender equality and empowering young women. With a background in community development and leadership at the Jean Augustine Centre, she champions programs that break systemic barriers and create opportunities for women in leadership.

“Exposure to leadership opportunities at a young age matters. It gives young people the freedom to explore, fail, learn, and grow without feeling like they’ve missed their chance. When youth facing racial and gender-based barriers have equitable access to opportunity, they can better chart paths that feel authentic to who they are.”

4. Farah Mohamed

Farah Mohamed is a Canadian women’s rights activist and social entrepreneur, renowned for founding G(irls)20, an organization that empowers young women globally through education, entrepreneurship, and leadership training. She also served as CEO of the Malala Fund, advocating for girls’ education worldwide. Currently, she leads The King’s Trust Canada, focusing on equity and sustainability initiatives. Her career is marked by a commitment to creating practical solutions to systemic inequities.

“Many immigrants — and especially refugees — will tell you that losing everything is jarring, but you don’t have the luxury of wallowing in it. You have to work harder than anyone else and create opportunities out of chaos. Your success becomes tied to your survival. Even after becoming a Canadian, that survivalist mindset sticks with you. I also recognize that in spaces traditionally dominated by white men, being the “only one” in the room can motivate you to open doors for others. It’s about creating opportunities for those who may not have had the same chances.”

5. Lorraine Godwin

Lorraine Godwin is the Vice President of Commercial at VerAI Discoveries, a company revolutionizing mineral exploration by deploying a groundbreaking artificial intelligence platform to detect concealed mineral deposits. In her role, Godwin leads go-to-market and business development efforts, partnering with mining companies to transform traditional exploration methods.

“When I graduated in Geophysics, I was 1 of 2 women graduates, and today I’m thrilled there are so many more women in science. Seeing more women in STEM and in leadership roles are two areas I’m passionate about. I was fortunate to have great mentors throughout my career, both men and women. Today there are more female leaders who can be role models and mentors to help other young women see themselves as future leaders.”

6. Mandy Rennehan

Mandy Rennehan is the founder and CEO of Freshco, a leading retail maintenance and construction company based in Toronto. Her innovative approach to business and commitment to empowering women in the trades have earned her numerous accolades, including Canada’s Most Admired CEO and the Toronto Region Board of Trade Business Leader of the Year.

“(The trades) industry was made for both genders. … I’m after people in their 20s, 30s, 40s, 50s, and 60s who say ‘I want to work with my hands. I want to build stuff. I want to build and maintain a new Canada.”

7. Joanna Griffiths

Joanna Griffiths is the founder and CEO of Knix, an innovative apparel brand known for its leak-proof menstrual underwear. Since launching in 2013, she has expanded Knix into a multi-product brand, raising $53 million in funding in 2021. Griffiths raised this money while pregnant with twins and spoke out against companies who are biased against pregnant CEOs and founders, citing her own experience. Griffiths has received numerous accolades, including Entrepreneur of the Year by Women of Influence in 2018.

“How many great opportunities are they missing out on because they hold these outdated views? There are lots of reasons to do some really hard thinking, read a couple of books and start to change.”

8. Jodi Kovitz

Jodi Kovitz is a Canadian lawyer and nonprofit executive, best known as the founder and former CEO of #MoveTheDial, a global movement dedicated to increasing the participation and leadership of women in technology. Under her leadership, #MoveTheDial impacted over 60,000 individuals worldwide, advocating for diversity and inclusion in the tech industry. In 2023, Kovitz was appointed CEO of the Human Resources Professionals Association (HRPA) in Ontario, bringing her visionary leadership to the human resources field. Her career exemplifies a commitment to empowering women and fostering equitable workplaces.

“You can only be what you can see, and you haven’t historically seen many women as tech icons. And the pipeline has been a huge challenge: getting girls interested and curious about pursuing STEM careers. We have to change the perception for girls, that it’s not just for boys to do coding. That means we have to expose girls to tech in a different way at times, and expose girls to career options and role models.”

9. Fiona Lake Waslander

Fiona Lake Waslander is the founder and CEO of Coral, a digital health platform revolutionizing menopause care in Canada. Under her leadership, Coral secured significant funding to provide personalized, science-backed solutions for women navigating perimenopause and menopause, filling a critical gap in women’s healthcare.

“For a young women looking to start a new business, remember that you do have the capabilities and you do have a seat at the table.”

10. Fatima Zaidi

Fatima Zaidi is the CEO and co-founder of Quill Inc., a Toronto-based podcasting platform that connects businesses with podcasters. Her innovative approach to content marketing has opened new avenues for brands to engage with audiences, inspiring women in media and technology to explore entrepreneurial ventures.“Oftentimes the root of these structural barriers that many female founders face are social in nature, so, it is important to continue elevating the profiles of successful female founders and black entrepreneurs to inspire the emerging next generation of female founders.”

These businesses create opportunities, build communities, and inspire future generations. The Toronto Region is home to an incredible range of Black-owned businesses across every industry. This is just a small selection—far from a definitive list—of inspiring local entrepreneurs making an impact. Check out black-owned business in your area and keep the conversation going all year long!

Fresh Paint Studio: Established by Roxane Tracey in Toronto, Fresh Paint Studio is a creative hub designed to make art accessible to everyone. Whether through guided workshops, private events, or casual drop-in sessions, the studio offers a welcoming space where people of all skill levels can express themselves freely and explore their artistic side.

Have A Nice Day Pilates: Founded by Aiyana Jeffries, this Toronto-based Pilates studio is all about making movement enjoyable and accessible. With personalized sessions in an inviting atmosphere, Have A Nice Day Pilates helps clients build strength, flexibility, and confidence—regardless of their fitness level.

Be One to Give: What started as a small act of kindness by founder Tony Colley has grown into a powerful movement tackling food waste and insecurity. Be One to Give rescues surplus food from businesses and redistributes it to shelters and community organizations in Toronto. With a goal of eliminating avoidable food waste across Canada by 2040, this initiative is making a tangible impact every day.

A Different Book List: More than just a bookstore, A Different Book List—founded by Itah Sadu and Miguel San Vicente—is a cultural institution in Toronto. Specializing in literature from the African and Caribbean diaspora, the store serves as both a community gathering place and a resource for diverse, thought-provoking stories. Find it at 779 Bathurst Street.

McKie Rich Productions: Storytelling that leaves a mark. Founded by Michael McKie in Mississauga, McKie Rich Productions produces compelling film, television, and digital content that uplifts underrepresented voices. Through authentic narratives and high-quality production, the company is reshaping the media landscape one project at a time.

Cherry Gardens: Created by Amoy Henry, Cherry Gardens is a Toronto-based fashion brand offering stylish, genderless apparel and cozy lounge sets. Known for its high-quality basics and creative artist collaborations, the brand blends comfort with self-expression, making everyday wear effortlessly chic.

Curls Defined: Embracing natural curls is at the heart of this Markham-based brand. Founded by Shauna-Simone Leacock, Curls Defined offers tailored haircare solutions, consultations, and a carefully curated range of products designed specifically for curly and textured hair. With worldwide shipping, customers everywhere can access expert advice and premium haircare.

Elliott Marketing Digital (EMDigital): Led by marketing strategist Shanelle Elliott, this Toronto-based agency specializes in AI-driven marketing, social media strategy, and brand growth. EMDigital helps businesses elevate their digital presence with custom-tailored marketing solutions that drive engagement and success.

The Progressive Centre: Education meets empowerment at The Progressive Centre. Founded in 2014 by Ashleigh Henry in Ajax, this tutoring service provides personalized math and science support for students in grades 1-12. With customized learning plans and expert instructors, the centre helps students build confidence and achieve academic success.

The Green Jar: Sisters Tannis and Mara Bundi are on a mission to make sustainable living easy. Their Toronto-based boutique and refillery, The Green Jar, offers zero-waste, eco-friendly products that help customers reduce their environmental footprint. From refillable household items to reusable alternatives, every product is chosen with sustainability in mind.