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Black Tech Entrepreneurship in Canada| Selected

Since there’s no way we could shine our light on the entire community of Black entrepreneurial movers & shakers in only 1 month, we’re excited to announce that we’ll be publishing a new dedicated article every month to keep up the momentum by passing the mic as far & wide as possible!

Fantastic Black Canadians that you should know & celebrate.

Read the list here. Listen here.

Celebrating these 8 fantastic Black tech entrepreneurs:

Aisha Addo, Founder @PowertoGirls

#SocialEnterprise #Appdev

  • Powered by Power to Girls the My Power App is the first mentorship and social connection app for girls 12 – 20 .

Alexandra McCalla, Co-founder & COO @AirMatrix

#Transportation #Connectivity

  • “Keep your city skies clear, safe, and under control with the world’s most precise, autonomous drone roads.”

Arsene Toumani, Co-Founder & CTO  @Telos Touch

#Software #Connectivity

  • “Redefining how people work together. Our mission is to bring people closer together to better serve each other.”

Boyd Reid, Co-Founder & COO @Hop In Tech

#Transportation #Connectivity

  • “Hop In provides a logistics software services to offer customized corporate shuttle solutions for the daily commute.”

Manu Kabahizi, Co-founder and CTO @Ulula

#Connectivity #SocialEnterprise

  • “Our mobile tech helps organizations get direct feedback from workers & communities around the world to understand and improve working conditions and well-being.”

Nadia Hamilton, President & Founder @Magnusmode

#Inclusivity #AppDev

  • “Our mission is to create practical tools that improve everyday experiences and enable people with cognitive disabilities to participate in the world in ways that are meaningful to them.”

Renee Raymond, Director @Daya Lens

#MedicalDevices #ImmersiveTech

  • “Daya Lens offers a more accessible way for mental health therapists to facilitate exposure therapy. We develop immersive environments using VR, allowing therapists and individuals the ability to take care of their mental health anywhere.”

Tash Jefferies, Founder @Diversa.work & @Tash Jefferies

#Communication #Consulting

  • “Don’t be afraid to be bold, be visible, embrace your own natural gifts and quirks, and share yourself with the world. The world needs more diversity of voices and people able to be authentic and comfortable with who they are.”
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Entrepreneur Spotlight: Boyd Reid, @Hop In Tech

Why work in tech?
“My goal as a black tech entrepreneur is to develop solutions to provide access for marginalized communities and other vulnerable sectors so that they can have fair opportunity for work.”

How does Hop In contribute to your goal?

“Hop In Tech works with companies by using logistics software to mobilize shuttle services to improve accessibility to work. Those who benefit the most from this service are those without their own personal vehicle which tend to be low income earners and marginalized communities (i.e essential workforce). By bridging the transportation gap with Hop In Tech, I hope to level the playing field when it comes to access to job opportunity.”

How has COVID-19 impacted your work?
“During, the COVID-19 Pandemic, Hop In Tech was a source of safe transportation for essential employees commuting to work. Hop In Tech’s logistics software mobilizes shuttle services to fill the gaps that are left by public transit options. As companies look to return to work, Hop In Tech is making the transition more efficient and more safe with the implementation of symptom tracking and rapid testing to add to their host of Employee Commuting Solutions.”

“During the summer of 2020, Hop In Tech started the COVID Initiative to help support our Front Line Heroes. Since then Hop In Tech has delivered over 100 free meals, provided over 250 km of free rides, and donated over 25,000 masks to front line health care workers.”

Inspired by these 7 fantastic Black entrepreneurship organizations:

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Organization Spotlight: BlackMINT

What is your vision?

“At BlackMint, we see phenomenal value in serving as a resource to Black youth by contributing to the advancement of Black youth in technology related fields, promoting meaningful dialogue and providing services and resources that drive measurable outcomes to overcome the systemic imbalances.”

Why is this important?

“Black people are 3.5% of the Canadian population but only 2.6% of the tech workforce. This needs to change.”

What’s happening now?

  • BlackMINT has formally launched its mentorship program with its first cohort of 25 mentees.
  • The BlackMINT podcast highlights black tech professionals who are doing interesting things in the industry. Check it out.
  • We are honored and thankful to the Black Professionals in  Tech Network (BPTN) for their $10,000 donation which will help us expand our mentorship program to more students.
  • We are currently looking for more black tech mentors and technology partners to help us with out programming (more information available by reaching out directly to us).

4 articles on the Black entrepreneurship ecosystem in Canada (& it’s areas for improvement):

Edgar Brown’s FYT Brings The Valley Mindset To Canada
Edgar Brown conceives of launching a start-up as process with multiple steps: first a founder needs to immerse themselves in the entrepreneurial culture as he did during his time at university before they can take action by embarking on a business venture.
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‘I don’t want to be a unicorn’: Black founders struggle to raise venture capital
When Lola Adeyemi started a company making chickpea stews and roasted carrot soups like the ones she grew up eating in Africa, she was expec…

Black entrepreneurs in Canada struggle to raise money from venture capitalists
Venture capitalists pour money into companies run by people in their existing networks, which are predominantly white and male

Why Are There So Few Black Entrepreneurs in Canadian Tech?
RBC Disruptors looks at the under-representation black people in tech entrepreneurship and what is being done toward change.
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3 upcoming events for Black entrepreneurs in Canada:

  • Level UP – The Finance Masterclass for Black Business Owners – Every Tuesday, Jan 19-April 13. Register here.
  • Black Can Tech: Excelling in the Tech Ecosystem  – Feb 25. Register here.
  • World-Class User Experiences (UX): Inclusive by Design – Presented by TWG – Feb 25. Register here.
  • 2021 Unity and Inclusion Summit – April 7 & 8. Register here.

Note: This article will be updated as we discover & hear from more Black entrepreneurs! Stay tuned for next week’s article Highlighting Black Entrepreneurs in the United States

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London fintech Outpost raises $17.5M Series A led by Ribbit Capital to scale its AI-powered merchant-of-record platform, simplifying cross-border payments, tax, and compliance for global merchants.

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The European fintech sector continues to attract early-stage capital, with AI-powered financial modelling emerging as a particularly active frontier for investor interest. As finance teams across high-growth organisations grapple with the limitations of static spreadsheets and fragmented planning tools, a new generation of startups is building intelligent infrastructure to replace legacy workflows. Stockholm-based Galdera Labs has now entered this space with a €1.5 million pre-seed round to develop an AI-native financial modelling platform designed for growth-stage finance teams. The funding will support platform development, reasoning infrastructure buildout, and an initial customer rollout targeting fast-growing companies with complex financial operations. Galdera’s platform combines a high-performance calculation engine with a semantic memory layer that links financial data directly to underlying business context, assumptions, and strategic decisions — enabling finance teams to query models in natural language and simulate complex scenarios in minutes rather than weeks. Klarna Veterans Back AI Financial Modelling Vision The pre-seed round was led by J12 Ventures, with participation from Antler and a roster of angel investors drawn from notable European technology companies including Klarna, DeepL, Stripe, and Plata. The investor composition reflects strong confidence in the founding team’s pedigree and the market opportunity for intelligent financial planning infrastructure. Galdera’s three co-founders — Evan Rumpza (CEO), Mattia Scolari (CFO), and Giovanni Casula (CTO) — met at Klarna during the fintech giant’s most intensive growth phase. Responsible for financial planning across 26 markets, the team experienced first-hand how manual processes and fragmented Excel models struggled to keep pace as business conditions shifted faster than traditional models could be rebuilt. To manage the complexity, they built an internal system at Klarna that replaced the static planning cycle with a continuously updated model — enabling what previously required large analyst teams to be handled by just three people, supporting the company through both capital raises and IPO preparations. The lessons learned from that experience became the foundation for Galdera Labs. “We’ve personally sat with 50 spreadsheets at two in the morning using tools that were supposed to solve the problem but didn’t. That is the infrastructure we are building with Galdera,” said Evan Rumpza, CEO and co-founder of Galdera Labs. Building AI Finance Tools for the Next Generation of CFOs The market for AI finance tools and financial modelling software is evolving rapidly as organisations demand more dynamic planning capabilities. Traditional spreadsheet-based approaches, while flexible, often create fragmented workflows where assumptions become outdated and institutional knowledge is lost between budget cycles. Galdera’s platform addresses this gap with a two-layer architecture: a powerful calculation engine capable of handling large data volumes, paired with a semantic memory layer that preserves the reasoning behind financial decisions over time. The platform is designed to function as an always-on financial forecast that automatically updates as business conditions change. Users configure scenarios once, and the model recalculates impacts across revenue, costs, margins, and other key metrics in real time. This approach positions Galdera within a growing wave of European fintech startups applying artificial intelligence not merely as an overlay on existing tools, but as a foundational redesign of how financial planning operates. With the launch, Galdera is opening its platform to its first customers: fast-growing companies and organisations with complex operations where the pace of decision-making has outgrown the tools finance teams traditionally rely on. Early adopters already include companies such as DeasyLabs, Unify, and Counsel. The pre-seed round positions Galdera Labs at an early but promising stage in a sector where demand for intelligent, context-aware financial infrastructure is accelerating across European markets. As AI continues to reshape enterprise workflows, the intersection of financial modelling and machine reasoning represents a significant opportunity for startups capable of delivering genuine operational value to scaling businesses. Summary

AevoLoop circular plastics recycling technology funding announcement with plastic waste processing
Fundraising 3 days ago

The sustainable consumer goods sector is witnessing growing investor appetite as environmentally conscious brands prove they can combine purpose with profitability. East London-based Allday Goods, the cult kitchen knife brand that transforms plastic waste into chef-quality blades, has raised £765,000 in a seed round led by FIGR Ventures to scale its operations from artisan favourite to mainstream kitchen staple. Founded in 2021 by ex-chef Hugo Worsley, Allday Goods manufactures kitchen knives with handles crafted entirely from recycled plastic waste — sourced from Maldon Salt buckets, milk bottle handles, discarded plant containers, and fishing nets washed up on British shores. The brand, which started in Worsley’s parents’ shed using a repurposed toastie maker, has already achieved profitability with minimal external investment. Products consistently sell out within minutes during online drops, and queues have formed at London pop-ups, reflecting a level of consumer demand that few sustainable brands can match at this stage. FIGR Ventures Leads Seed Round with Sustainability-Focused Backers The £765,000 round was led by FIGR Ventures, with participation from Anotherway Ventures, Machroes Holdings — the family office of Lord Mervyn Davies — and angel investor Tom Gozney, founder of the premium pizza oven brand Gozney. The investor mix signals confidence in Allday Goods’ ability to bridge the gap between sustainable manufacturing and scalable consumer product design. Allday Goods’ knives pair handles made from 100% recycled food-grade polypropylene with British and Japanese steel blades. The company collects, cleans, shreds, and remoulds plastic waste into distinctive, colourful handles that carry visible traces of their former lives — a design choice that has become central to the brand’s identity. Each knife effectively diverts plastic from landfill whilst delivering professional-grade performance. Worsley commented on the raise, noting that the team had built the brand slowly and intentionally, and that securing backing from investors they genuinely admire represents a significant milestone for the next chapter of growth. From Cult Following to Mainstream Market Opportunity Allday Goods has already demonstrated significant commercial traction without substantial marketing spend. The brand’s high-profile collaborations with Ottolenghi, Soho House, Maldon Salt, Kerrygold, and Paul Smith have positioned it at the intersection of culinary craftsmanship and design culture. Features in The World of Interiors and Esquire have further cemented its reputation among discerning consumers who value both aesthetics and environmental responsibility. The fresh capital will be deployed to scale production capacity, expand the product range, and accelerate the transition from limited-edition drops to consistent retail availability. The challenge for Allday Goods will be maintaining the artisan quality and brand mystique that fuelled its cult status whilst meeting the demands of a broader consumer base — a tension that many direct-to-consumer brands have struggled to navigate. The broader sustainable kitchenware market continues to attract both consumer interest and investor capital across Europe. As regulatory pressure on single-use plastics intensifies and consumers increasingly seek products that align with their environmental values, brands like Allday Goods that demonstrate genuine circularity in their manufacturing processes are well-positioned to capture meaningful market share. Summary Company: Allday GoodsHeadquarters: East London, United KingdomFounded: 2021Founder: Hugo WorsleyRound: SeedAmount: £765,000Lead Investor: FIGR VenturesOther Investors: Anotherway Ventures, Machroes Holdings, Tom GozneyUse of Funds: Scale production, expand product range, transition to mainstream retail availability

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