January 29, 2016
As we have been actively providing an overview of global FinTech hubs with their flourishing ecosystems, it would be almost a crime not to look at Vancouver as one of them. In addition to London, New York, Silicon Valley, Singapore, Hong Kong, Australia and other global FinTech centers, Vancouver has a very powerful and active FinTech ecosystem that can easily compete with recognized destinations.
Some of the most successful and fast growing FinTech startups are based in Vancouver, a region that has continued to attract VCs attention across several borders. For example, Trulioo, the leading provider of global identity verification for the online payments industry, in December 2015 raised $15 million in an equity financing, an investment participated by American Express Ventures and existing investors BDC Capital, Blumberg Capital and Tenfore Holdings.
In November, Koho, a Vancouver-based FinTech company, has announced three major agreements with Visa, Peoples Trust Company, and Galileo Processing to deliver modern, no-fee mobile banking service to millennials. Koho will offer Koho-branded Visa prepaid cards issued by Peoples Trust Company with Galileo providing transaction p ...