NCFA Fintech Confidential December 2020 (Issue 3)
The National Crowdfunding & Fintech Association of Canada (NCFA) and partners are excited to present Vol. 1 Issue 3, FINTECH CONFIDENTIAL, a digital pop-up of the 6th annual 2020 Fintech & Financing Conference and Expo (FFCON20) held virtually across themed 8 weeks from July 9 to August 27 and co-hosted by NCFA and Toronto Finance International. The main theme of FFCON20 was “RISE”, reflecting the joint efforts of the two associations, NCFA and TFI, to build and increase the success and sustainability of Canada’s fintech and financial sector. There were many moving parts this year and a brand-new digital format with the event bringing together 100+ thought leaders, 50+ partners, and more than 500 attendees, 2 challenges and the inaugural Fintech Draft pitching and demo competitions. Congratulations to the winners: SolidBlock and MazumaGo (formerly DivDot)! Thanks to all the partners, speakers, attendees, volunteers and the entire organizing team for making FFCON20 an impactful and amazing online experience for Canada’s fintech and funding community. We hope you enjoy this issue of Fintech Confidential magazine – it certainly makes for great holiday reading! While everyone relentlessly strives to achieve success in 2021, we encourage you to bring in the new year with good health and to be mindful that we are all in this together, and to help others in your community more than ever before. Peace, happiness, and best wishes for an incredible year and journey ahead.
The National Crowdfunding & Fintech Association of Canada (NCFA) and partners are excited
to present Vol. 1 Issue 3, FINTECH CONFIDENTIAL, a digital pop-up of the 6th annual 2020 Fintech & Financing Conference and Expo (FFCON20) held virtually across themed 8 weeks from July 9 to August 27 and co-hosted by NCFA and Toronto Finance International.
The main theme of FFCON20 was “RISE”, reflecting the joint efforts of the two associations, NCFA and TFI, to build and increase the success and sustainability of Canada’s fintech and financial sector. There were many moving parts this year and a brand-new digital format with the event bringing together 100+ thought leaders, 50+ partners, and more than 500 attendees, 2 challenges and the inaugural Fintech Draft pitching and demo competitions. Congratulations to the winners: SolidBlock and MazumaGo (formerly DivDot)! Thanks to all the partners, speakers, attendees, volunteers and the entire organizing team for making FFCON20 an impactful and amazing online experience for Canada’s fintech and funding community.
We hope you enjoy this issue of Fintech Confidential magazine – it certainly makes for great holiday reading! While everyone relentlessly strives to achieve success in 2021, we encourage you to bring in the new year with good health and to be mindful that we are all in this together, and to help others in your community more than ever before. Peace, happiness, and best wishes for an incredible year and journey ahead.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
FUNDMORE.AI<br />
LIVE PITCHING FINALIST<br />
FINTECH DRAFT<br />
Target <strong>Issue</strong>:<br />
Currently, it takes more than 40 days to<br />
fund a mortgage, costing more than $9000.<br />
Nearly 70% of all mortgage applications are at<br />
least in part fraudulent, according to a study<br />
completed by Home Capital and Equifax in<br />
2018.<br />
Core Benefits:<br />
The fundmore.ai platform allows lenders<br />
to assess many sources of data, helping<br />
them identify viable mortgages that carry<br />
less risk and have a greater opportunity for<br />
profit. This enhanced efficiency will improve<br />
lenders’ response times, decrease costs,<br />
increase their underwriting capacity, and<br />
reduce human error by automating a timeconsuming<br />
manual process. FundMore offers<br />
this as an underwriting service and through<br />
our FundMore platform.<br />
Ideal Customers:<br />
Businesses (B2B), Alternative Lenders, Private<br />
Lenders, Credit Union and Loan Origination<br />
Platforms.<br />
Milestones:<br />
1. Use of product by pilot customers<br />
2. Introduction of the FundMore Score<br />
3. Participation in CDL (Creative Destruction<br />
Labs) programs<br />
4. Finalization of Pre-Seed funding round<br />
5. Launch of product with channel partner<br />
About:<br />
Chris Grimes<br />
CEO & Co-Founder<br />
FundMore.ai<br />
Chris Grimes has over 15 years of experience in the mortgage<br />
and lending space. Seeing an opportunity to automate many<br />
of the tasks within his company LoanDesk.ca, he realized that<br />
he could build a great aggregation tool that leveraged artificial<br />
intelligence and provide a full end-to-end lending platform.<br />
79
Change language