Formidable FinTech Startups in Canada

When it comes to the FinTech ecosystem, Canada is often the overlooked neighbor of the US. While the latter remains one of the largest FinTech hubs in the world, Canada has seen impressive growth in recent years, after a slow start. In January 2019, the country noted an increase of 0.4% in the finance and insurance sector following a period of negative growth – this was led by a 1.1% growth in the financial investment services segment. Several reports have noted that Canada has the potential to become a world leader in FinTech, especially the regions of Montreal and Toronto. The two cities have emerged as strong FinTech hubs and top global destinations for financial and intellectual capital.

Furthermore, this growth is being attributed to the growing collaborations between FinTechs and banks ...

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