FinTech Initiatives and Overview

FinTech and Technological
Innovation

Supporting innovation

Finance Montréal supports technological innovation and works to develop and promote Québec’s fintech ecosystem.

To achieve our vision and promote innovation and growth in our industry, we employ a unique model that hinges on several key initiatives.  

Among others, we lead the largest fintech startup hub in Canada. The Montréal FinTech Station™ offers startups office space as well as a range of specialized services and programs designed to help entrepreneurs grow and seize market opportunities. We also organize the FinTech Canada Forum, the largest gathering in the country of key players in the fintech sector. 

Portrait of Sebastian Boisjoly

« Come experience the Montréal FinTech Station and let’s accelerate innovation—together. »

Sebastian Boisjoly

Vice-President, FinTech and Technological Innovation

A fast-growing
industry

Innovation is happening everywhere in Québec. Our vibrant fintech ecosystem is one of the fastest-growing in Canada. Recognized as a world-class center of expertise in artificial intelligence, Montréal has distinguished itself in the fintech sector because of its startups’ international success.
Key data 
  • Québec is home to 226 fintech companies.
  • Since 2015, the annual growth of the number of fintech companies in Québec has been greater than 15%.
  • Not counting indirect jobs, Québec’s fintech sector employs nearly 22,000 people in Canada, and more than 70,000 outside the country.
  • In 2022, fintech startups based in Québec raised a total of C$691 million in 38 funding rounds. 

Q1 2023 Overview/2022 Québec Fintech Report

Strategic activities

Our activities help position Québec in the fintech ecosystem and reinforce synergies both in Québec and internationally. 

Organizing the Montréal FinTech Station’s range of events and specialized services

Supporting the growth and strengthening of the fintech ecosystem

Collaborations across Canada and internationally

International missions

Key initiatives for our industry

The FinTech and Technological Innovation team acts as a catalyst for initiatives that promote the development and increase the profile of Québec’s fintech ecosystem and startups, as well as our members’ technological innovation.

The Montréal FinTech
Station hub

including the Station
FinTech Montréal
Accelerator & other programs 

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Canada FinTech
Forum

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AMF–Finance
Montréal
FinTech Research Chair

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Data and
publications

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Videos

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Podcasts

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News

Discover the Quebec FinTech Report 2023

Articles

March 13 2024

We are happy to unveil the Quebec FinTech Report 2023, prepared by Fathom4sight and Finance Montreal to summarize the FinTech market activity in Quebec for 2023.

This report covers trends & insights for the entire year 2023 and follows previous Quebec FinTech Reports that were published in 2022 & 2023. Information contained in the report is current as of December 31, 2023.

 

2023 Quebec Fintech Half-Yearly Report

Articles

September 26 2023

We are proud to present the first update of the Quebec FinTech Report 2023.

The FinTech and Technological Innovation team

Our team of passionate experts thrives on working with our members and partners to accelerate growth in the fintech industry. 

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Sebastian Boisjoly

Vice-President, FinTech and Technological Innovation

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Louis-Philippe Allard

Director, Partnerships and Strategic Initiatives - FinTech

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Elsa Vande Voorde

Innovations and Technologies Specialist

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Isadora Brezault

Administrative Assistant, Customer Service Agent

Strategic alliances and
community action

The LHoFT Foundation is a public and private sector initiative that stimulates technological innovation in Luxembourg’s financial services industry, connecting the national and international fintech community.

Website

Fathom4sight is a new Knowledge-as-a-Service (KaaS) solution in the fintech and financial innovation space offering market research and consulting services. These services include access to both an online platform and strategic business intelligence advisors who support executives in planning and preparing for the future. The Fathom Pro platform provides access to the latest fintech business intelligence and updates on fintech leaders, as well as information on industry trends, new product launches, funding rounds, acquisitions, and more.    

Website

Highline Beta is a team of pragmatists with a proven track record of entrepreneurship who are not afraid of questioning clients’ basic assumptions and challenging them to overcome internal obstacles to growth. They help some of the world’s best-known companies achieve their growth and innovation objectives, and they invest in the ventures they develop to prove their commitment to collaborative innovation.

Website

KPMG is a global network of firms that provide audit, tax and advisory services. KPMG employs more than 227,000 professionals, who work together to create value in 146 countries and territories. With its global presence, KPMG continues to build on its successes thanks to a clear vision, well-defined values and, above all, its partners.

Their industry focus helps KPMG professionals develop a deep understanding of their clients’ businesses and acquire the knowledge, skills, and resources needed to address industry-specific issues and opportunities.

Website

 « La French Tech » is France’s startup scene. It is a unique ecosystem bringing together startups, investors, policymakers, and community builders.
Its mission? To make France one of the greatest places in the world to launch and grow global companies that make sense for our future.

Website

The Canadian Fintech Summit is an annual gathering in Toronto where fintech startups, investors, businesses, financial institutions, and service providers from around the world come together, engage and build relationships.

Website

Paris&Co is Paris and its metropolitan area’s innovation agency. Made up of a team of 90 people, Paris&Co accelerates influential projects using various measures and means, all dedicated to identifying and mobilizing sustainable solutions that foster economic, ecological and social transitions.

Each year, it incubates nearly 500 startups, conducts urban experimentation for over 40 innovations, detects and accelerates more than 60 social innovators, and hosts major events to make innovation a tool for societal transformation. Paris&Co works in collaboration with over 100 major corporations and institutions. 

Website
 

Created in 2015 at the initiative of a group of entrepreneurs, France FinTech brings together companies with innovative and disruptive operational, technological or economic models, aimed at addressing existing or emerging issues in the financial services industry and representing every component of the sector. The association's mission is to promote excellence in the financial services sector in France and abroad, and to represent French fintechs in dealings with public authorities, regulators and the financial ecosystem. Today, France FinTech is the largest industry association for startups in France and Europe.

Created in 2015 on the initiative of entrepreneurs, France FinTech brings together companies using innovative and disruptive operational, technological or economic models, aimed at addressing existing or emerging issues in the financial services industry and representing the main components of the sector. The association's mission is to promote excellence in the sector in France and abroad and to represent French fintech to public authorities, regulators and the ecosystem. France FinTech is today the largest sectoral association of start-ups in France and in Europe. 

Site web

Espace CDPQ is where Québec’s venture capitalists converge. It serves to pool their networks and expertise and combine their efforts for the benefit of innovative entrepreneurs throughout Québec.

Website

Sustainable
finance

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Talent and
the Next Generation
in Finance

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International
Financial Center

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Contact the FinTech and Technological Innovation team

Please complete the form below and a member of our team will be in touch with you soon.