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Business Wire
5 minutes ago
- Business Wire
Profilyt Named to Canada's Top 100 Artificial Intelligence (AI) Startups by ALL IN; AI Startup Sends Long Forms to the Recycling Bin
MONCTON, New Brunswick--(BUSINESS WIRE)-- Profilyt, a Moncton-based artificial intelligence startup, has been named one of Canada's Top 100 AI Startups by ALL IN — the country's annual must-attend AI event, where over 6,000 participants from more than 40 countries will gather at Montréal's Palais des congrès on September 24–25. Profilyt will be on hand to showcase how it is transforming the way organizations collect information — replacing endless intake forms with succinct chats. Its digital guide, Anna, turns 50- to 120-question forms into succinct chats that automatically generate scored, structured profiles — often surprising users with nuanced insights they never expected from a long form. 'Long forms are like waiting rooms with no end,' said Ismahil. 'We built Profilyt to end the long-form era. No one should lose an opportunity because an endless questionnaire scared them off.' Share The idea for Profilyt grew out of the lived frustrations of founder Ismahil Tchagbele and innovation officer Pierre D., who often sent onboarding forms with more than 100 questions to startups and simulation centres. 'Long forms are like waiting rooms with no end,' said Ismahil. 'We built Profilyt to end the long-form era. No one should lose an opportunity because an endless questionnaire scared them off.' Designed like a skilled interviewer, Profilyt asks only the questions that matter, requests files when needed, and knows when to stop. For optional questions, it can infer answers from context — creating profiles that capture nuance and human intent. Early users describe the results as 'shockingly smart' and 'amazingly human-like.' One beta user, who previously relied on a 120-question form, reported that Profilyt's conversational approach cut hours from their intake process: 'The profile it produced was so smart, it felt like the AI read between the lines.' Already adopted by incubators and accelerators to streamline startup qualification, Profilyt is also finding uses beyond entrepreneurship — one user even employs it to screen caregivers. Building on this momentum, the company will showcase its technology at ALL IN 2025 and connect with organizations that see the impact potential of a first interaction as a conversation, not an interrogation. Organizations that rely on lengthy forms are invited to explore the movement to retire long forms alongside other relics of the past, like the floppy disk, and replace the long form-filling process with a simple conversation. About Profilyt Profilyt is a Moncton-based AI startup replacing lengthy intake forms with smart, multilingual conversations. Its digital guide, Anna, asks only the most relevant questions, infers answers to optional ones, requests necessary documents, and generates a scored PDF profile — giving organizations a more human way to start relationships. Founded by Ismahil Tchagbele, Profilyt was recognized by ALL IN in 2025 as one of Canada's Top 100 AI Startups.
CNBC
6 minutes ago
- CNBC
Citi double upgrades this Brazilian financial firm, sees potential earnings acceleration ahead
A possible improvement in earnings performance could send shares of Nu Holdings higher over the coming months, according to Citi. The firm double upgraded the Brazil-based financial firm to buy from sell and doubled its price target to $18 from $9, which implies more than 37% upside from Tuesday's close. "Despite concerns on the macroeconomic environment (which we think is performing better than expected), we see the recent quarters as a testament to the bank's ability to not only navigate well but also accelerate in key portfolios while maintaining good asset quality," analyst Gustavo Schroden wrote. "We see the earnings momentum as [likely] to accelerate, not only given Brazil and [total payment volume] dynamics but also given tailwinds from Mexico and Colombia and efficiency aiding ROE." Schroden noted that the company has kept a "strong" pace of credit origination in portfolios such as the interest-earning component and credit cards in particular, highlighting the fact that it's been able to keep its asset quality "under control." An acceleration in total payment volumes could mean more opportunities for cross-selling across the company's product portfolios, the analyst said. Additionally, the company could see a boost from its operations in Mexico specifically. "Mexican operations continue to ramp up, with solid developments in terms of deposits and loans," he said. "The currently low [loan-to-deposit ratio] suggests room to increase leverage and contribute positively to results eventually." Most of the analysts on Wall Street covering Nu Holdings are bullish, with 10 out of 17 having a strong buy or buy rating, per LSEG data. On the flip side, five analysts have taken a neutral view with a holding rating. Shares have had a solid year, gaining more than 26% in 2025. That's almost three times the gains of the S & P 500 in the same timeframe. The stock also rose about 2% in premarket trading Wednesday.
6 minutes ago
Lowe's buying Foundation Building Materials for about $8.8B as it intensifies focus on pro builders
Lowe's is buying Foundation Building Materials, a distributor of drywall, insulation and other products, for approximately $8.8 billion as the home improvement retailer intensifies its focus on professional builders. FBM also provides metal framing, ceiling systems, commercial doors and hardware and other products that serve large residential and commercial professionals in both new construction and repair and remodel applications. It has more than 370 locations in the United States and Canada serving 40,000 professional customers. The acquisition is part of Lowe's move to provide more options for professional builders. The Mooresville, North Carolina-based company recently closed on its $1.3 billion acquisition of Artisan Design Group, a provider of design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertops, to home builders and property managers. Rival Home Depot has been making similar moves. In June the home improvement retailer announced that it was buying specialty building products distributor GMS for $4.3 billion. GMS Inc. of Tucker, Georgia, is a distributor of specialty building products like drywall, steel framing and other supplies used in both residential and commercial projects. Home Depot's acquisition of GMS came after it purchased SRS Distribution, a materials provider for professionals, last year for more than $18 billion including debt. SRS provides materials for professionals like roofers, landscapers and pool contractors. Lowe's deal for FBM is expected to close in the fourth quarter. Aside from the acquisition, Lowe's reported its fiscal second-quarter financial results on Wednesday. The company posted an adjusted profit of $4.33 per share, which topped the $4.23 per share that analysts polled by Zacks Investment Research expected. Revenue totaled $23.96 billion in the period, which met Wall Street's expectations. Lowe's raised its full-year sales outlook to a range of $84.5 billion to $85.5 billion. It previous predicted sales would be between $83.5 billion and $84.5 billion for the year.
