Canadian startup news of the week (9/07/20)

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

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

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

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

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

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

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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GOLDEN VENTURES PARTNER AMEET SHAH EXPLAINS THE CURRENTLY “HOT” VC MARKET

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PEEKAPAK CEO EXPLAINS HOW STARTUPS ARE SUPPORTING BACK TO SCHOOL

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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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.