A Snapshot of Next-Gen Financial Technologies and Services in Canada

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You may have heard that OMERS Ventures recently closed our second fund. We are proud to be working with our valued co-investors, BMO and Cisco Investments, to uncover the next Canadian technology success story.

The closing of the fund is a positive signal for Canada’s tech sector, and shows the strong interest of private capital in partnering with innovative technology entrepreneurs.

One particular group of startups that will be a focus for OMERS Ventures Fund II are those belonging to the FinTech sector – both Financial Technologies and Technology-Enabled Financial Services.

Financial technology is forging incredible gains worldwide, both in terms of enabling new capabilities and disrupting existing service models, and it is exciting that a growing number of the most important developments being made in this sector are taking place right here at home.

Over the past few weeks, a few members of our investment team took the opportunity to map out FinTech companies from coast-to-coast, focusing on those that are developing next generation technologies or technology enabled services. The list is by no means exhaustive, and we’re very enthusiastic about the prospect of discovering new businesses.

From paving the way for more accessible sources of credit, to building financial management platforms on blockchain technology for improved security, Canadian FinTech startups are poised to lead on a global stage. And the amount of capital that has been attracted by these companies since 2010 further alludes to their readiness to take on big markets.

To the Canadian financial technology startups out there, we look forward to hearing your story as you attempt to write the next chapter of financial innovation in Canada.

 

Check out a larger version of the map on the OMERS Ventures site.

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