There’s no denying that Canada finds itself in the midst of an innovation boom and the data-loving folks at Hockeystick have turned their spotlight on the fintech landscape.
Unsurprisingly, the majority of Canadian fintech investment is concentrated in the three provinces highlighted, making up almost a hundred per cent of investment.
Using data from Luge Capital as well as publicly-available data and third party platform data, Hockeystick has created an infographic that maps out the momentum fintech companies have across Ontario, Québec and BC.
In total, these 170+ companies represent more than $1.7 billion in investment. And there’s no sign of it slowing down.
In fact, it’s estimated that a little over $500 million has been invested in fintech companies in Canada to date this year, putting funding on track to hit about $600 million by the end of the year.