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TEN SURPRISING FACTS ABOUT FINTECH IN CANADA Canada's FinTech market is beginning to see major momentum. Here are some industry facts. By 2018: $14.8 billion In 2013: $12 billion FINTECH STARTUPS A growing number of Canadian FinTech companies are making an impact nationally and internationally. TECHNOLOGY SPENDING BY CANADIAN FINANCIAL SECTOR 2 Shopify (Ottawa) LARGEST CANADIAN FINTECH VC DEALS 5 Financeit (Toronto) Zafin (Vancouver) Lightspeed Retail (Montreal) Blockstream (Montreal) Verafin (St. John’s) $100M $60M $35M $21M $US 15M $13M FINTECH COMPANIES Deloitte's Canadian Technology Fast 50 4 7 GLOBAL INVESTMENTS in the FinTech sector in 2014 vs. $3 billion in 2013 (USD) 3 $6.8 BILLION ZAFIN was on American Banker’s 10 companies to watch list in 2013 6 D+H SALES IN 2014 $1 BILLION Increase from 2009: 125% Number of financial customers 7,000+ 8 KYLE MACDONALD (CEO of Phoenix Interactive Design) was named RBC Canadian Woman Entrepreneur of the year for the second time in 2014 7 SIZE OF CANADIAN FINANCIAL SERVICES WORKFORCE 9 FINANCIAL CRIME DETECTION & PREVENTION FINANCIAL DATA & ANALYTICS 703K 279,975 working for Canadian banks BANKING-RELATED PATENTS 10 patents granted to inventors based in Canada by the U.S. Patent and Trademark Office from 2003 - 2011 300+ CYBERSECURITY CANADA’S LARGEST FINANCIAL SERVICE SECTORS 1 TORONTO 350,000 employed by 12,000 firms Global ranking: 9 North American ranking: 3 Global ranking: 16 Quebec has Canada's largest credit union system B.C. has Canada's second largest credit union system CALGARY 20,000 employed by 1,463 firms MONTREAL 100,000 employed by 3,000 firms VANCOUVER 55,000 employed PERSONAL OR BUSINESS LENDING FINANCIAL CONSOLIDATORS In partnership with: CAPITAL MARKETS CRYPTO CURRENCY CORE BANKING & INSURANCE PFM TECH PAYMENT TECH & ECOMMERCE

10 facts about fintech in Canada - MaRS · PDF fileABOUT FINTECH IN CANADA ... $12 billion FINTECH STARTUPS A growing number of Canadian FinTech companies are making an impact nationally

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Page 1: 10 facts about fintech in Canada - MaRS · PDF fileABOUT FINTECH IN CANADA ... $12 billion FINTECH STARTUPS A growing number of Canadian FinTech companies are making an impact nationally

TEN SURPRISING FACTS

ABOUT FINTECH IN CANADACanada's FinTech market is beginning to see major momentum.

Here are some industry facts.

By 2018:$14.8 billion

In 2013:$12 billion

FINTECH STARTUPSA growing number of Canadian FinTech companies are making an impact nationally and internationally.

TECHNOLOGY SPENDING BY CANADIAN FINANCIAL SECTOR

2

Shopify (Ottawa)

LARGEST CANADIAN FINTECH VC DEALS

5

Financeit (Toronto)

Zafin (Vancouver)

Lightspeed Retail (Montreal)

Blockstream (Montreal)

Verafin (St. John’s)

$100M

$60M

$35M

$21M

$US 15M

$13M

FINTECH COMPANIESDeloitte's Canadian Technology Fast 50

4

7

GLOBAL INVESTMENTSin the FinTech sector in 2014

vs. $3 billion in 2013 (USD)

3

$6.8 BILLION

ZAFIN was on American Banker’s

10 companies to watch list in 2013

6

D+H SALES IN 2014

$1 BILLION Increase from 2009: 125%Number of financial customers

7,000+

8

KYLE MACDONALD(CEO of Phoenix Interactive Design) was

named RBC Canadian Woman Entrepreneur of the year for the second time in 2014

7

SIZE OF CANADIAN FINANCIALSERVICES WORKFORCE

9

FINANCIAL CRIMEDETECTION & PREVENTION

FINANCIAL DATA & ANALYTICS

703K279,975

working for Canadian banks

BANKING-RELATEDPATENTS

10

patents granted to inventors based in Canada by the U.S. Patent and Trademark Office from 2003 - 2011

300+

CYBERSECURITY

CANADA’S LARGEST FINANCIAL SERVICE SECTORS

1

TORONTO

350,000employed by 12,000 firms

Global ranking: 9North American ranking: 3

Global ranking: 16Quebec has Canada's largest

credit union system

B.C. has Canada's second largest credit union system

CALGARY

20,000employed by 1,463 firms

MONTREAL

100,000employed by 3,000 firms

VANCOUVER

55,000employed

PERSONAL OR BUSINESS LENDING

FINANCIAL CONSOLIDATORS

In partnership with:

CAPITAL MARKETS

CRYPTO CURRENCY CORE BANKING & INSURANCE

PFM TECH

PAYMENT TECH & ECOMMERCE