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- Thanks to the growth of venture capital and backing from the right financial institutions, FinTech startups in Toronto are thriving. Toronto is now North America’s second largest financial hub behind New York. With over 600 fintech firms, 12,000 financial services companies and nearly 380,000 financial services professionals, the city is booming.
fullyvested.com/insights/toronto-worlds-next-fintech-hub-vested/Financial Services: Is Toronto the World’s Next FinTech Hub?
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One secret to the success of Toronto’s fintech community is the strength of the area’s financial services sector. “Toronto’s among the top ten financial centres in the world,” says Reynolds. We have leading companies in banking, insurance, and asset management who are operating on a global level.
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fintech Future of Retail and Payments Top Trends Impacting...
- Fintech
Oct 18, 2022 · KPMG reports that fintech investment in Canada reached a record high deal value and deal count with $6.4B and 162 deals in 2021. Canada’s tech community is also leading the way regarding inclusivity and equality. More than half of Toronto’s financial sector is made up of women.
- Margo Steines
- Contributing Writer
- Adyen. We are hiring. Adyen’s technology covers a comprehensive array of business solutions, from processing online and in-person payments to detecting and responding to fraud.
- Verafin. Verafin’s fintech product is an anti-financial crime platform. Used by banks and credit unions to keep an eye out for money laundering and other financial aberrations, the software monitors transaction channels and customer behavior to identify red flags.
- Flexiti. Flexiti is a financing solution that works in a similar manner to a credit card, but with options that don’t charge interest. Consumers can make large purchases and either defer payment or begin making monthly payments immediately.
- Versapay. We are hiring. Versapay makes a cloud-based B2B product for automating accounts receivable processes. Its ERP payments solutions handles invoices and payments so that client companies can accept payments across all sales channels via credit or debit cards, ACH and other bank-based payment methods.
Toronto’s Financial Sector is Becoming More Diverse. Canada’s tech community is leading the drive for change when it comes to diversifying their industry. More than half of Toronto’s financial sector is made up of women, unlike other Western countries who are lagging behind on the equality front.
Oct 12, 2016 · Morag Mcgreevey. Oct. 12, 2016 03:07PM PST. Fintech Investing. The global fintech industry is growing rapidly, and much of this expansion is concentrated in Canada’s largest city. New York and...
Sep 5, 2024 · Toronto is home to 12,000 financial service companies and over 380,000 financial services professionals. Fintech has seen impressive growth in the last half-decade. In the past five years, the sector has added 80,000 tech jobs.
Mar 31, 2021 · The global report, Collaborating to Win in Canada’s Fintech Ecosystem, benchmarks four Canadian technology hubs against 16 other leading and emerging fintech hubs around the world. Overall, Toronto ranked 8th, Vancouver 12th, Montreal 14th, and Calgary 16th out of 20.
