S|W: The SaaS Weekly – A challenge from Shopify

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

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Shopify challenges its partners to build an app that helps entrepreneurs during COVID-19(BETAKIT)

Shopify has launched a new initiative that challenges teams within its partner network to build an app that helps businesses adapt and grow online.


Your accounting and finance system may be slowing you down

Billing used to be easy. Products were billed once when they were sold or delivered. Now software companies have a blend of products—subscriptions, usage billing, services, training, and perpetual licenses. Some of it is billed once, and some of it is billed every month.

Many accounting systems weren’t built to handle this complexity, and can’t be easily integrated with Salesforce to automate your quote to cash process. Learn the clear five signs you’re outgrowing your accounting and finance system.

Everee raises a $10M Series A to scale its worker-friendly payroll software service(TECHCRUNCH)

TechCrunch spoke with one of the company’s founders, Ron Ross, and its new CEO Brett Barlow (formerly of Utah unicorn Pluralsight), about the new capital and what it plans on doing with it.

Software engineers create online tool to help companies find available government COVID-19 relief(BETAKIT)

A group of software engineers has created an online resource to help people identify which of the 15 government COVID-19 relief programs they are eligible for.

Travel startup ITILITE raises $13M from Greenoaks, Vy, Matrix Partners(YOURSTORY)

According to a statement issued by the startup, the freshly raised funds will be used to increase ITILITE’s international presence and product innovation.

SkipTheDishes commits $15 million to COVID-19 relief efforts, partners with Food Banks Canada(BETAKIT)

SkipTheDishes has committed $15 million CAD to various initiatives in order to help restaurants and the public during the COVID-19 crisis.

Accel makes seed investment in SaaS-based startup Aavenir(VCCIRCLE)

The San Francisco- and Ahmedabad-based company raised this money from Accel India, according to a tweet by the venture capital firm’s partner Prayank Swaroop.

Q4 Inc. secures $25 million CAD from CIBC Innovation Banking(BETAKIT)

Toronto-based investor relations (IR) software company Q4 Inc. has received a $25 million credit facility from CIBC Innovation Banking.

Learn In thinks a solution to layoffs is more sabbaticals(TECHCRUNCH)

As companies of all sizes scramble to stay afloat and extend their runway, one company thinks that sabbaticals could be a potential alternative to the massive layoffs across the Valley.

Shopify’s Tobi Lütke and wife Fiona McKean pivot charitable foundation, make donations to fight COVID-19(BETAKIT)

Shopify CEO Tobi Lütke and his wife Fiona McKean last year started a philanthropic organization and have now pivoted it to help in the fight against COVID-19.

Design software startup Figma closing in on ‘opportunistic’ funding at $2 billion valuation(FORBES)

Design software company Figma is set to join the billion-dollar startup ranks even amid the uncertainty of COVID-19.

Some banks begin rollout of EDC loan guarantee for Canadian businesses(BETAKIT)

Scotiabank and National Bank have made available the EDC loan guarantee program, signalling that Canada’s big banks are starting to roll out the program.

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.

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