Canadian startup news of the week (6/14/20)

OneEleven

Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page.

Top Stories of the Week


Oxford reportedly moving forward with OCE proposal for OneEleven

Multiple sources familiar with the process told BetaKit that Oxford is no longer entertaining proposals from other interested parties. BetaKit broke the news about the proposal process on Tuesday.


Wave expands into banking with new small business account and debit card

Wave, which was acquired last year by H&R Block for $537 million CAD, is touting the new offering as the “future of small business banking.”


Coinsquare CEO says company was contacted about potential data breach affecting thousands of users last year

“There were indications given by this person saying that they had thousands but we had no reason to believe that was true.”


IRAP says 97 percent of $250 million Innovation Assistance Program already committed

More than 4,200 companies from across the country applied to the federal COVID-19 relief program.


Latest Funding, Acquisitions, and Layoffs


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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.