Each week, we provide an overview of insider trading, investment in local businesses and news from listed companies.
Shakepay attracts US fund
The young Montreal company Shakepay closed this week a $44 million financing led by the firm QED Investors of Virginia. Shakepay, which was founded in 2015 by Jean Amiouny (photo) and Roy Breidi, presents itself as one of the main transactional platforms for cryptocurrencies in Canada. Last year, Shakepay facilitated more than $6 billion in transactions for 900,000 customers, up significantly from the previous year. In 2021, the number of company employees has increased from 20 to 75.
Sonder goes public
The hosting company Sonder, founded in 2014 by three Quebecers, has just entered the Nasdaq through a special purpose acquisition company. Now based in San Francisco, Sonder rents rooms and apartments in some 30 cities in 10 countries. In Montreal, the company offers more than 650 units. Sonder recently established a decision-making center in the metropolis after receiving $30 million in financial assistance from Quebec.
PayFacto buys iShopFood
The Montreal company PayFacto has just got its hands on iShopFood of Quebec for an undisclosed sum. iShopFood offers restaurants an online ordering platform and self-service kiosks. For its part, PayFacto is a major software provider for restaurateurs present in Canada, the United States and the United Kingdom.
A Dollarama administrator sells
Huw Thomas, a member of Dollarama’s board of directors since 2011, sold just over $189,000 worth of shares in the Montreal retailer last week. Dollarama’s stock recently hit a new high of nearly $65 on the Toronto Stock Exchange.
Voxco buys in India
The Montreal company Voxco has just bought the Indian firm Actify Data Labs. Founded in 1976 by Raymond Cyr, Voxco presents itself as a world leader in omnichannel survey software. Voxco was itself acquired by US investment firm Pivoton in 2020.