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
Wealthsimple CFO stepping down to become CEO of Wealthsimple Foundation(BETAKIT)
Toronto-based Wealthsimple announced the move on Thursday, noting that Li is set to take on the CEO position in November.
OMERS Ventures founder John Ruffolo paralyzed following biking accident(BETAKIT)
OMERS Ventures founder John Ruffolo has been paralyzed from the waist down following a cycling accident that took place in Markham, Ontario last week.
Montréal payment tech company Nuvei files for IPO on TSX(BETAKIT)
The company, which has developed payment processing technology, has applied to be listed on the TSX under the symbol ‘NVEI.’
Government to extend CEBA $40,000 small business loan applications to October 31(BETAKIT)
The federal government said it is also working with financial institutions to extend CEBA to businesses that handle transactions through personal bank accounts.
Canadian government extends BCAP loan program to June 2021(BETAKIT)
Through BDC, businesses are able to access loans of $12.5 million, while EDC’s BCAP offering includes $6.25 million loans.
Shopify sheds Ottawa office space amid planned Toronto expansion(BETAKIT)
The changes to its Ottawa office space comes shortly after Shopify reportedly exercised an option to expand in downtown Toronto.
Latest Funding, Acquisitions, and Layoffs
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Acerta secures $5M USD Series A (Read here)
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ProNavigator raises $5.6M (Read here)
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Vena Solutions secures $25M in financing (Read here)
RECOMMENDED BY BETAKIT
GOLDEN VENTURES PARTNER AMEET SHAH EXPLAINS THE CURRENTLY “HOT” VC MARKET(BETAKIT)
Ameet Shah, Partner at Golden Ventures, joins to discuss rising dealflow, shifting round focus, and increasing interest from US VC’s in the Canadian tech ecosystem.
PEEKAPAK CEO EXPLAINS HOW STARTUPS ARE SUPPORTING BACK TO SCHOOL(BETAKIT)
Ami Shah joins to discuss the tough decisions parents and teachers currently face, and how startups can support an educational system in limbo.
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