Global investment in financial technology companies tripled from $4 billion in 2013 to $12.2 billion in 2014. That’s over 200 percent growth compared to 63 percent growth in overall venture-capital investments.
While New York, London, Singapore, and Tokyo typically steal the limelight for cities with top financial centers, Vancouver appears well positioned to take on the new wave of investment opportunity happening at the intersection of the finance and technology.
Jon Jones, president of Trulioo, a Vancouver fintech startup, sees tremendous potential for fintech in Canada.
“Canada has a strong reputation and position on privacy, security and regulatory compliance, which are critical elements when dealing with financial technologies,” Jones said. “This trusted view positions us as a leading country for fintech.”
In terms of home-grown fintech, the natural tendency for us would be to think of Toronto, home to our main stock exchange and major banks. However, Vancouver, often better known as the headquarters of Hootsuite and Electronic Arts Canada, also has a significant fintech community that sets itself apart from its better-known cousin.
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