8 Fintech Startups To Check Out At Collision This Week

Collision kicks off in Toronto today.

Collision is North America’s fastest-growing tech conference which brings together Fortune 500 companies, groundbreaking startups, and world-class speakers under one roof.​

At its core, Collision is a startup conference and this year there are over 100 Canadian fintech startups exhibiting.

The startups that apply to exhibit at Collision are assigned to a category depending on the company size and revenue.

ALPHA startups are in the pre-investment stage or have under $1 million in funding. BETA startups have launched successfully, found a market fit, and are generating revenue. START startups have raised over $3 million and are experiencing considerable growth and expanding globally.

Here are eight fintech startups that we’ll be checking out this week at Collision.

GROWTH Startups:

Caary, Toronto – Founded in 2020, Caary offers a digital credit and payments platform to Canadian small and medium-sized businesses. The startup claims it has developed a unique model for evaluating and offering credit to SMBs based on assets and cash flow instead of credit history.

Goose Insurance, Vancouver – Goose is an Insurtech Challenger building a platform to solve consumer under-insurance. Through the Goose Insurance Super-App, consumers have access to up to 30 lines of insurance completely self-serve. Goose’s first line of business was travel medical insurance. Their app allows Canadians who travel out of the country to purchase insurance in under 60 seconds for as little as $4 and available for up to seven days after a vacation has begun.

BETA Startups:

OneVest, Toronto – OneVest provides digital wealth management services that can be embedded in consumer-facing products via a set of simple APIs. This enables consumer fintechs, credit unions, traditional banks and wealth management firms to offer a digitally-native user experience for personalized wealth management to their end customers that can be launched in a few weeks. Calgary’s Neo Financial has invested in OneVest and is a client as well.

Perch, Toronto – Created in 2018, Perch provides personalized financial insights that optimize a buyer’s path to homeownership. Perch offers a platform that enables greater collaboration with real estate professionals and streamlines the user’s mortgage application experience. Once a homeowner, proprietary analytics allow users to know when to leverage their home equity to build wealth.

Willow, Toronto – Willow’s mission is simple – to make it possible for all Canadians to invest in real estate. Willow’s PropSharing platform includes handpicked, stable, rent-generating properties from across the country that are split into 100,000 units of ownership. Willow invests in the properties as well as manages them – two key differentiators from other platforms in the market. Willow claims to be the first and only real estate investing platform to receive Ontario Securities Commission approval to operate as an exempt market dealer.

ALPHA Startups:

Blossom, Vancouver – Blossom is building a social network for retail investors, the first of its kind available to Canadians. Blossom bills itself as unique from existing social networks because it links to a user’s brokerage account, making it easy to share portfolio and trading activity. Users can follow friends and top investors and get notified of their trades in real time, discovering new investment ideas from a community where opinions are backed up by performance.

QuadFi, Toronto – QuadFi provides personal loans to people with limited credit history. Unlike traditional risk rating models which rely only on the historical behavior and income of customers, QuadFi’s novel and adaptive underwriting model is forward-looking and considers a customer’s future income and career trajectory. QuadFi’s innovative model is especially useful for customers with thin credit history but bright prospects, mainly newcomers, and younger demographic groups. 

Whatifi, Vancouver – Whatifi helps founders and financial decision-makers visually build and share “what if” cash flow forecasts and financial models with their team. The Whatifi team have built a time-machine for financial modelling. Starting small with SMBs and CFOs, their initial goal is to help them forecast multiple futures.