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Seven Canadian Fintechs Ready to Take Over Toronto at Collision

June 12, 2024 by Knowlton Thomas Leave a Comment

One of the world’s largest tech conferences returns to Toronto next week.

The venerable Collision, slated for June 17th through 20th at Enercare Centre, connects technology ecosystems across Canada with global opportunity through a week of sessions, workshops, and networking.

But at its core, Collision is a startup conference and this year there are over 70 fintech startups from across Canada exhibiting.

The startups that 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. GROWTH startups have raised over $3 million and are experiencing considerable growth and expanding globally.

Here are seven Canadian fintech startups that we’ll be checking out next week at Collision.

ALPHA

Gigly

Gigly is a platform designed to optimize the gig work experience. It offers an AI-driven scheduler to maximize earnings, tools to manage finances, and a dynamic marketplace with exclusive discounts and offers. Gigly aims to streamline gig work by providing real-time insights, networking opportunities, and instant access to earned funds, enhancing productivity and financial management for gig workers.

Olio Financial

Olio Financial is a platform that enables parents and community members to gift stocks to children during special occasions. By simplifying stock purchases and fostering early investments, Olio aims to teach children financial habits, promote compound growth, and close the gap in co-saving and investing, ensuring a strong financial foundation for the next generation.

Wilbur

Wilbur is a Canadian budgeting app that helps users manage their finances by categorizing spending, tracking cash flow, and understanding net worth across all accounts. It also offers the opportunity to earn money by participating in surveys. The app focuses on data security, ensuring user information is protected with bank-grade encryption.

BETA

Chexy

Toronto’s Chexy secured a $1.3 million financing round last year to advance Canada’s first payments platform that enables tenants to earn rewards through consistent on-time rent payments. Through the Chexy platform, tenants can earn rewards by using their preferred credit cards for rent payments and earn additional cash back towards their rent through everyday spending with popular household brand names.

Todaq

Toronto micropayment pioneer TODAQ recently unveiled a low-code software payment product that enables instant payments for content or services without requiring a subscription sign-up or account log-in from the customer. TAPP Conversational Checkout is the first technology of its kind, enabling AI sales agents to close sales independently within a text or video interaction.

GROWTH

Beacon

Built to facilitate smooth transitions for immigrants relocating to Canada, Toronto fintech startup Beacon recently raised a $5.25 million seed round. The vision for Beacon is to become “the preferred financial ally for immigrants and to simplify their journey into a seamless experience.”

Mantle

Mantle offers an all-on-one platform targeting founders and investors. The platform helps track and manage fundraising, cap tables, equity issuing, and more. Mantle says it deploys advanced AI tech to make all the complex data flow efficiently and effectively.

Filed Under: News Tagged With: Beacon, Chexy, Gigly, Mantle, Olio, TODAQ, Wilbur

 
 

About Knowlton Thomas

Knowlton Thomas is Editor-in-Chief of The Midway Advance and Senior Writer for Fintech.ca. Over more than a decade of journalism, he has penned thousands of articles and dozens of essays on technology, health, and culture across a variety of publications.

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