FinTech Companies of CanadaDecember 2015

A guide to Financial Technology companies

Ayodele George

@zeus_krips

Canada Based FinTech Startups

• “Big Five” is a term used for the top Banks that account for majority of business in Canada

• Strangely enough there are not many start-ups in this area to Augment or create innovative Financial solutions

• However, in recent times there has been progress and firms listed in this paper are some of the leading upstarts

• This is not meant to be an extensive list; And will be updated to keep up with trend

• Source of information include Google, Crunch Base, Angellist, techvibes, LinkedIn, theStar etc.

• See definition of FinTech.

• The key categories include Lending, Analytics, investment management, Recommendation, BlockChain, Relationship Management, Banking, Infrastructure and P2P

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• Borrowell is an online marketplace lending platform. Provide Canadians who have good credit with low, fixed interest loans.

• Category: Lending

• url: www.borrowell.com

• Founder CEO: Andrew Graham

• List of investors: Equitable Bank, Oakwest, Roger Martin, John Bitove, Dan Debow, Stewart Lyons, Joe Canavan & Freycinet Investments

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• Seedups is an online matching engine for entrepreneurs seeking seed stage funding from a crowd of Accredited Investors.

• Category: Lending

• url: www.seedups.com

• Founder/CEO: Michael Faulkner

• List of investors: N/A

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• Fundthrough helps successful entrepreneurs build their businesses even more quickly by providing lines of credit

• Category: Lending

• www.fundthrough.com

• Founders: Steven Uster, Graham McBride & Deepak Ramachandran

• List of investors: N/A

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• Financeit is a consumer lender offering affordable monthly payments to customers from any web enabled device

• Category: Lending

• url: www.financeit.io

• Founder CEO: Michael Garrity

• List of investors: TTV Capital, Inter-Atlantic Group, and Second City Capital.

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• EidoSearch applies advanced information processing techniques to make the world's time series data searchable. Markets include: Equities,Futures & FX

• Category: Analytics

• url: www.eidosearch.com

• Founder CEO: Xiao-Ping (Steven) Zhang

• List of investors: N/A

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• Control’s mission is to help business monitor, manage, and measure the most critical part of their operations: payments

• Category: Analytics

• url: https://www.getcontrol.co/

• Founder/CEO: Kathryn Loewen

• List of investors: Vanedge Capital and BDC Capital Inc

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• Wealthsimple is a simple yet sophisticated technology-driven investment manager.

• Category: Investment Management

• url: www.wealthsimple.com

• Founder CEO: Michael Katchen

• List of investors: Joe Canavan, Roger Martin, David Ossip, Dan Debow, and Impression Ventures – a new Canadian Venture Capital firm.

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• WealthBar is Canada's only full-service online portfolio management and financial advisory

• Category: Investment Management

• url: www.wealthbar.com

• Founder CEO: Tea Nicola

• List of investors: N/A

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• Nest Wealth is the first online automated wealth management platform in Canada.

• Category: Investment Management

• url: www.nestwealth.com

• Founder CEO: Randy Cass CFA, LLB, MBA

• List of investors: N/A

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• Smart Money Capital is an automated DIY investment service with “light advice” capabilities

• Category: Investment Management

• www.smartmoneyinvest.ca

• Founder/CEO: Nauvzer Babul

• List of investors: N/A

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• Nvest is a performance-tracked stock recommendation platform that helps investors gain credible information about the market.

• Category: Recommendation engine

• url: www.nvest.me

• Founder/CEO: Fredrick Zhou

• List of investors: N/A

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• Blockstream was founded to develop new ways to accelerate innovation in crypto currencies, open assets and smart contracts.

• Category: BlockChain

• url: www.blockstream.com/

• CEO: Austin Hill

• List of investors: LinkedIn co-founder and Airbnbboard member Reid Hoffman, Khosla Ventures, Real Ventures, Crypto Currency Partners, Google chairman Eric Schmidt’s Innovation Endeavors, Future\Perfect Ventures, Mosaic Ventures, Ribbit Capital and Yahoo co-founder Jerry Yang’s AME Cloud Ventures.

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• Ethereum can be used to codify, decentralize, secure & trade just about anything: financial exchanges, crowdfunding, company governance, contracts, intellectual property, etc.

• Category: BlockChain

• url: https://www.ethereum.org

• Founder/CEO: Vitalik Buterin

• List of investors: N/A

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• Zafin is a provider of relationship banking software solutions for Retail, Corporate, Wealth Management and Correspondent Banking

• Category: Relationship Management

• url: www.zafin.com

• Founder/CEO: Al Karim Somji

• List of investors: Kane Partners, Kayne Anderson Capital Advisors, Beedie Capital Partners

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• Streetcontxt is a global communication platform for the institutional financial community, focused on timely and quality connections based around quality content and insight.

• Category: Relationship Management

• url: www.streetcontxt.com

• Founder/CEO: Blair Livingston

• List of investors: iNovia, formation | 8 & Social Leverage

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• Koho is a banking for millienials to launch 2015

• Category: Banking

• url: www.koho.ca

• Founder/CEO: Daniel Eberhard

• List of investors: iNovia, formation | 8 & Social Leverage

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• ZenBanx Canada was founded in 2014 to introduce Canadians to a simple and secure multi-currency savings account for Citizens of the World

• Category: Banking

• url: www.zenbanx.ca

• Founder/CEO: Arkadi Kuhlmann

• List of investors: Subsidiary of DUCA Financial Services

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• TickSmith offers cloud services and managed platforms to provide specific solutions to participants in the brokerage and trading ecosystem

• Category: Infrastructure

• url: www.ticksmith.com

• Founder/CEO: Francis Wenzel

• List of investors: N/A

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• Kooltra is a provider of cloud based platform built to optimize and revolutionize foreign exchange trading operations by offering cutting-edge technologies to financial institutions

• Category: Infrastructure (Capital Markets)

• url: www.kooltra.com

• Founder/CEO: Adam Katz

• List of investors: Relay Ventures

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• Social based platform for P2P money transfer between friends and individual

• Category: P2P

• url: http://www.paywithpayso.com/

• Founder/CEO: Jake Tyler

• List of investors: N/A

Ayodele George