Starting and growing a company has always been tough, but it’s especially tough right now. As the working world navigates widespread inflation and economic uncertainty, it’s getting more challenging for young companies to get investment and grow quickly.
But while it’s a challenging moment, some argue that innovative ideas are born in times of uncertainty. Operating under constrained resources and limited capital can push young companies to prioritize assets and values and adapt quickly.
LinkedIn has published its 5th annual Top Startups list as a resource to find the startups to pay attention to right now.
Among the startups singled out as rising to the challenges of the moment and continuing to innovate and gain attention in 2022 are a handful of Canadian fintechs.
At the top of the list of 15 Canadian companies is Calgary’s Neo Financial. The Canadian challenger bank raised a financing round earlier this year valuing the fintech at over $1 billion.
Ranked #4 on LinkedIn list is Montreal’s Shakepay. The cryptocurrency exchange raised a $44 million Series A investment round earlier this year led by US-based QED Investors.
Note that Canadian fintechs Wealthsimple and Clearco were ranked first and second last year and are no where to be seen in 2022.
To be eligible, companies must be seven years old or younger, have at least 50 employees, be privately held and headquartered in Canada.