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Creating FinTech Growth Syndicate's Canadian 2019 FinTech Landscape and Benchmarking Report.
Maple is a real-time one-stop platform for Incumbents, FinTech Startups, Small and Medium-Sized Business, Consumers. We provide data circulating around the FinTech ecosystem so users can leverage our platform to support financial innovation and inclusion in Canada.
FINTECHS IN CANADA
WHAT IS FINTECH?
“FinTech” is defined as technology used to support or enable all stages of delivery of financial services, as well as new or alternative products and solutions that offer unique and new approaches to the manufacturing and delivery of financial services, largely to address a new, unmet or underserved need.
CANADIAN FINTECH STARTUPS
We classify FinTechs startups based on their age, stage of growth, year-founded and size. A Startup could be rapidly growing, have been founded before the financial crisis or still early in expansion mode given their rate of market adoption.
CANADIAN FINTECH INCUMBENTS
FinTech incumbents are those who have a large portion of the existing financial services market, are predominantly providing tech to banks and not offering alternative financial services.
What type of FinTech companies are in Canada?
The information available for this analysis is limited to publicly available information for employee numbers. Some companies have been excluded due to unavailable employee numbers and the figures below will not entirely represent the total number of FinTech companies.
FinTechs have been instrumental in creating huge employment opportunities in Canada
Canadians FinTech Employees
FinTech Growth Syndicate Methodology
Many FinTech firms operate in more than one primary sector or vertical. In these cases, we used a majority business focus to determine the most appropriate primary sector or vertical. If the company did not self-report a sector or vertical, FinTech Growth Syndicate (FGS) assigned one based on our experience, research and judgement.
AI & Data
Capital Markets & Investments
Cryprocurrency & Blockchain
FI Tech & Software
WealthTech & PFM
FINTECH LANDSCAPE & BENCHMARKING REPORT
Contact us to find out about 2019 FinTech Report.
NARWHAL | $1B CAD
The Narwhal club idea was created by Brent Holliday of Garibaldi Capital Advisors and it consists of private Canadian tech companies that reached $1B CAD valuation and started in 1999 or later. 13 out of 54 Narwhals are FinTechs.
UNICORN | $1B USD
A unicorn is a privately held startup that has a valuation or a market value of over $1B USD. Canada has two FinTech unicorns according to Crunchbase classification.