Toronto Metropolitan University’s DMZ hosted the highly anticipated Insiders Event at the incubator’s headquarters in downtown Toronto yesterday.
The exclusive showcase featured a handpicked selection of innovative startups from DMZ’s portfolio, giving attendees the opportunity to hear how they are transforming their respective industries.
The nine participating startups had the opportunity to an invite-only gathering of investors, corporate leaders and DMZ’s global partners for a chance to secure a $50,000 grant. During the event, DMZ opted to add a second prize of $15,000 for the runner-up.
Hailing from across industries including proptech, fintech, adtech, healthtech to cloud computing, data analytics and more, the nine DMZ startups represented pre-seed and seed-stage innovation, specializing in B2B, B2C, enterprise tech, and SaaS solutions.
Fintech Chexy was named the winner of DMZ Insiders, taking home the grand prize of $50,000.
As Canada’s first payments platform that enables tenants to earn rewards through consistent on-time rent payments, Chexy was recognized for its trailblazing solution that empowers Canadian renters to achieve their financial goals sooner.
The Chexy team, who recently announced a $1.3 million pre-seed funding round, will use the funds to continue to improve their customer experience and expand their landlord offerings.
“We have been building Chexy for over a year and a half and in the market truly for four months — the stakes are high, especially in the current economic climate, and undiluted funds like these will help us add value, scale and continue to differentiate ourselves from others in the market,” said Liza Akhveldzian, Co-Founder and CEO of Chexy.
“DMZ has always been helpful in connecting startups with the necessary resources and networks to move the needle for growth — and we’re grateful to be a part of the community.”
DMZ’s Insiders Event set the stage for a dynamic week of Collision, North America’s largest growing tech conference that brings together the brightest minds in technology and media.
In DMZ’s largest presence at Collision to date, the world-leading incubator will unite the most fearless and diverse visionaries in the global startup ecosystem on the Collision floor.