May news: Flipp raises $61M, HeartPayroll launches, Wealthsimple partners with Mint

It’s been a busy month for Toronto’s startup community. There were partnerships (Flixel and Facebook, Wealthsimple and Mint!), acquisitions (Google bought Synergyse!), launches (HeartPayroll, Women&Color) and raises ($61M for Flipp). We’ve rounded it all up below.


Wealthsimple has partnered with Mint: Toronto fintech heavyweight Wealthsimple has partnered with Intuit-owned fintech giant Mint to bring you closer to never stepping foot in a traditional bank ever again. (Wealthsimple)

Launched: Women&Color: Mohammed Asaduallah has launched Women&Color to help find talented women and people of colour to speak at your next tech-related event in Toronto. (Medium)

Kanetix partners with ClientDesk: Online insurance marketplace Kanetix has partnered with DMZ alum ClientDesk to allow insurance providers to connect with their clients on mobile. (Techvibes)

Wattpad Studios launches: Wattpad is chock-full of great stories. Now, Wattpad Studios will partner with the entertainment industry to co- produce those stories for film, TV, digital and more. (Betakit)

The Next Big (fintech) Idea Contest: DMZ & BMO are looking to give $25k to 6 startups working to change the status quo of the financial industry. (BetaKit)

Flixel partners with Facebook to power profile videos: You know how Facebook can turn profile pics into short videos? After pitching to Facebook—via Facebook Advertising—Flixel’s Cinemagraph Pro app was named a partner at F8. (CBC News)

Flipp Raises $61M: Digital flyer app Flipp has raised $61M from General Atlantic to continue transforming the flyer business for both retailers and consumers. (The Globe and Mail)

ReadQuick has launched a Chrome extension that algorithmically summarizes content and gets you the facts to help you… read quick! (ReadQuick)

“Instagram for doctors,” Figure 1 surpassed 1M users and adds messaging capabilities on its quest to become the “operating system of health care”. (The Globe and Mail)

Google buys Synergyse to help companies get better at using Google Apps (yes, like Clippy!) (Re/code)

Home care services company CareGuide launches HeartPayroll—its first FinTech product to help manage the financial side of employing nannies and caregivers. (Betakit)

Canadian VCs invested almost $1B in 103 rounds in a record-high first quarter. $600M of that went to six companies that each raised $100M. Meanwhile, U.S. VCs had their slowest quarter in four years. (Bloomberg)