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(BETAKIT)
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(BETAKIT)
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(BETAKIT)
“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(BETAKIT)
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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Lane raises $10M Series A (Read here)
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Digital Main Street receives $57M from federal goverment (Read here)
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jSonar raises $50M USD (Read here)
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ICwhatUC closes $680,000 pre-seed round (Read here)
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Emma raises $543,000 seed round (Read here)
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Invixium raises $3M (Read here)
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