The bankruptcy of the Silicon Valley Bank (SVB) has shaken the global technology sector, including in Quebec, but Nuaweb, a Quebec-based technology services company, wants to reassure its clients and partners by stating that this situation will not affect the technologies used to serve its clients.
Although the startup Sonder, in which Investissement Quebec invested, held $22 million USD in SVB accounts, Nuaweb does not hold any accounts or deposits with this financial institution. In addition, none of the loans granted to Lightspeed Commerce and White Star Capital, in which the Caisse de dépôt and Investissement Québec invested, directly affect Nuaweb.
Nuaweb works with well-established and solid Canadian financial institutions and does not need to do business with institutions specialized in the technology sector to conduct its activities. Therefore, we are able to maintain our operations and provide services to our clients without interruption.
Nuaweb remains committed to providing innovative and superior quality technology solutions to its clients and will continue to work with well-established Canadian financial institutions to ensure the security and continuity of its operations