Hosted by Peter Misek, Partner at BDC IT Venture Fund,10 startups in the Fintech, Insurtech, Regtech spaces pitched to a panel of judges from large institutions in the Fintech ecosystem for a chance to showcase their offering to a crowd of Fintech supporters, win funding as 'cash is king' and professional services to guide them in their growth.
From a Deloitte perspective, it is always interesting to see the types of questions other players in the Fintech and emerging technology ecosystem are asking to understand what is important to them and their organizations. The goal is to collaborate with these players and collectively understand the potential for the ecosystem in Canada, as it feeds into the global ecosystem.
The startups competing were: Exagens, Seedlify, Flinx, SproutWallet, Aidvisors, FI.SPAN, Kalepso, Jauntin, MindBridge, and VigilantCS. All executives of these startups employed ecosystem leaders either in their executive or advisory board in order to grow and scale in the Canadian geography. Some startups, like SproutWallet indicated growth into other geographies like the United States for their next phase.
The judges they were pitching to were: Chadi Habib - CIO of Desjardins Group, Dave Unsworth - Co-founder and General Partner of Information Venture Partners, Joëlle Durieux - Directrice générale at Pôle Finance Innovation, Ben Brabyn - Head of Level 39 in London, Janos Barberis - Founder and SuperCharger FinTech Accelerator and Sr. Research Fellow at Hong Kong University Law School, Martin Latreille - Portfolio Manager of Financial Services Investment group at Fonds de solidarité FTQ, and Arian Lewis - FinTech Hub Guru.
Although all startups pitched promising ideas, the two winners were Kalepso and Flinx. Kalepso wins $5000 of funding from Finance Montreal and 24 hours of professional services from KPMG. Flinx wins $5000 of funding from Finance Montreal and $5000 value of Legal advice from McCarthy Tétrault.
About Kalepso: Kalepso is a fintech security startup building the most impenetrable middle-ware between financial institutions and the cloud. Their product allows users to securely store files and databases, while retaining search, retrieval and sharing functionality. The technology itself is based on years of cutting-edge research at Harvard University.
About Flinks: Flinks has developed the most reliable financial API on the Canadian market. Covering 98% of the country's banks and credit unions, Flinks is the leader in financial data access in Canada. Their API has the power to bring substantial benefits to consumers using mobile finance apps and online financial services.