If you’re looking for some of the most amazing financial technology businesses to follow in 2022, you might be surprised to hear that you don’t even need to leave the country. This is due to the fact that Canada is host to some of the world’s most promising fintech businesses and startups. Canada includes both startups and established firms operating in practically every financial sector.
To save you effort searching, we’ve compiled a list of a few Canadian financial technology businesses with bright prospects. When establishing the list of the top organisations, a lot of factors such as network outage, scalability, profitability, external adoption, and creativity were taken into account. In evaluating the criteria, we balanced the range of nominal variables and calculated the weighted sum of each company’s score index after taking into account all of the influencing elements given above. The listed firms span a wide range of sub-sectors in capital markets, Blockchain, FinTech, insurance, RegTech, payments, and finance.
Whether you are an employee, a small company owner, an entrepreneur, an investor, or a computer engineer, there are probably a few valuable firms on this list that you haven’t heard of.
- Payday Loans Halifax
Payday Loans in Halifax is for Canadians who fulfil the loan disbursement standards. It’s usually extremely aggravating to have to ask other people for a tiny sum every now and then to cover unexpected expenses. The only way to break this tendency is to confront it head-on and apply for a payday loan.
It is a one-of-a-kind institution designed to help residents of Halifax, Canada find a quick solution to a financial emergency. It is the cash payment option that has saved many people from unexpected financial difficulties. Medical troubles, a broken-down automobile, a leaky roof, a sudden adjustment in the power bill that threatens to ruin the family budget; the list is lengthy.
Nobody should bother family or friends every time they need money. Payday Loans Halifax provides a rapid answer for those who live, work, or do business in Canada, particularly in Halifax. Well, there are times when a credit card will not suffice. The bank overdraft is also fraught with issues. As a result, borrowing from quick cash providers is always the ideal option for individuals in need of rapid cash for essential financial troubles.
Payfirma, established in 2010 by Michael Gokturk, is a Vancouver-based payment processing business with the objective of allowing clients to pay whatever, wherever, and whenever they want. It enables businesses to take credit and debit card payments online for e-commerce, mobile, and in-store locations with a single merchant account.
Payfirma handles transactions on a cloud-based platform, enabling easy access to corporate information such as sales data. ACT Canada Innovation Award in 2012, CIX Top 20 Innovators in 2013, BC Business Top Innovators in 2013, DigiBC’s Top 25 Most Innovative Tech Companies in British Columbia in 2014, and Fintech Company of the Year at the Canadian Fintech Awards in 2015.
Between 2011 and 2013, Payfirma got C$5.5 million in angel finance.
Dundee Capital Markets, a branch of Dundee Securities, Ltd., invested C$13 million in Payfirma in 2015.
- CreditCard Genius
Creditcard Genius, which was founded in 2017, immediately assesses 126 distinct aspects of over 200 credit cards to give you the best choice. You may specify your desired perks, such as the type of rewards you receive, fees, interest rates, and so on. Creditcard Genius makes it as simple as entering a few of your choices to find the perfect credit card for you. They also use their network to assist get third-party input, and they now have 1,300 consumer reviews and 40,000 email subscribers.
If you’re searching for a good platform to purchase and sell digital assets (also known as cryptocurrencies), Coinberry is a good place to start. They offer customers to purchase of Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Stellar, and the popular Dogecoin. They are insured by Lloyd’s of London and are also registered with FINTRAC and PIPEDA. Coinberry also claims to be the only digital asset platform that Canadian municipalities trust.
- Clearco (Formerly Clearbanc)
Clearco seeks to make it easier for startup entrepreneurs to get finance, regardless of their company’s stage. So far, they’ve invested over $2 billion in over 4,500 enterprises in seven countries. They have also formed venture collaborations with a number of well-known investors, including Gary Vaynerchuk, Chamath Palihapitiya, and Matt Salzburg. Clearco has backed a number of well-known companies, including Haus, Untuckit, and Farmgirl Flowers.
If you have trouble keeping your chequebook balanced, you should think about utilising CalendarBudget. CalendarBudget will help you arrange your budget and keep on top of your financial objectives and commitments for just $3.99 each month. They have been assisting clients with tracking expenditure, reducing impulsive purchases, purchasing items with cash rather than a credit card, and paying bills on time since 2009. CalendarBudget also provides personal financial education materials such as a blog and a free video course on money management. They are an excellent resource for anyone looking to improve their financial situation.
Goldmoney bills itself as the “most trusted name in precious metals.” However, given that they protect roughly $3 billion in assets for clients in 125 countries, they may have a point. Goldmoney, in particular, offers gold, silver, platinum, and palladium mostly in the form of bullion. Gold has traditionally been seen as one of the most dependable methods to keep wealth, and it is regarded as “insurance” for your money. Other advantages of having gold include its ability to shield you from market downturns, hedge against inflation, and rise in value over time.
Firmex functions as a virtual meeting room where you can safely exchange essential papers and move agreements forward. This is a very essential service at a time when more commerce is being done online than ever before. Every year, they open over 15,000 data rooms for clients, making them the most trusted virtual data room in the country. Firmex is also well-known for the security that they provide to their clients, which is one of the reasons why they deal with clients from 10 various sectors.
If you’re sick of typical fundraising tactics (bake sales, car washes, etc.), FlipGive could be for you. FlipGive is a free team fundraising tool that provides cashback for items purchased by your team. In this way, they let you to use your team’s collective spending to generate funds for anything you require. Their programme is free for teams to use, and they generate money by charging a modest charge to their retail partners.
Mogo is a finance platform aimed at millennials to improve their access to capital. They accomplish this by offering both short-term loans and prepaid credit cards. They presently have around 1,600,000 million users and have received accolades from CNBC, The Financial Post, and The Globe. One of their most intriguing product offers is a Visa credit card that pays your 2% reward in bitcoin. This card is also touted as helping to protect the environment by lowering carbon emissions.
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