Fintech City Tour Toronto Crypto 2.0 is only one part

Fintech is a broad church that encompasses veteran Financial Services executives leveraging technology, Millennial developers using growth hacking to move money, idealists working on financial inclusion and folks with a deep belief in math as better than trusting institutions.

Vitalik Buterin of Ethereum hails from Toronto and I am on record with my belief that Ethereum is probably a game-changing platform. I write “probably” only because they are right now in “show me the code” mode.

So it is not a surprise to find Decentral.ca in Toronto. This is some mix of event manager, incubator and co-working space that advertises itself as:

“Located in the heart of downtown Toronto, Decentral is a home to tech start-ups and innovative entrepreneurs that focus on disruptive and decentralized technologies. Decentral hosts Bitcoin and Ethereum meetups and features a two-way bitcoin ATM on the premises.”

Maybe it is having that big neighbor to the South that makes you think different.

One metric of local Fintech activity that I track is the Fintech MeetUp by location. On that score, Toronto looks like a minnow among the whales of London and New York:

Toronto Fintech MeetUp has 600 Members, well below London & New York which each have over 3,000 Members.

Yes, but in 1975 there were only a tiny number of people at Homebrew Computer Club meetings that were planting the seeds of the PC disruption. It is possible that the Crypto 2.0 re-decentralization of the Internet will be as important. If so, we may look at Toronto as the place where it all started.

Their Decentral Mentor Network is a good Whos Who of Bitcoin, Crypto 2.0 and StartUp gurus.

The two Crypto 2.0 startups making waves – with different fundamental theses – are Ethereum and Blockstream. Another interesting one is CryptoCapital.

I went looking for Crypto 2.0 startups in Toronto but found a vibrant Fintech startup scene that was in all the major categories and stretched all across Canada.

Wealth Simple

Borrowell

FinanceIT

Nymi

SmoothPay

Lucova

Celero

LendOGram

DH

Digital Retail Apps

FundThrough

GroupLend

Snap Financial

Verafin

RateHub

Alvarnet

Quandl

TheMarketIQ

Paymentus

PopCodes

GetSensibill

Payfirma

Shopify

Lucova

RubiKloud

Crelogix

Berkeley Payment Solutions

Pivotal Payments

Cuets

Digital Retail Apps

LightSpeed

Solium Capital

SeedUps

ECN Capital

TickSmith

This site has some good data on Fintech in Canada. Canada has a lot more active Fintech scene than I had imagined.

Another good site is InnovationToronto (not Fintech specific).

William Mougayer is startup mentor who also maintains some good content on the Canada Fintech scene.

Canada has a big an vibrant Fintech scene. I am sure I am only skimming the surface with that list. Who am I missing?

 

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