NCFA Fintech Confidential October 2021 (Issue 4)
The National Crowdfunding & Fintech Association of Canada (NCFA) and partners are excited to present Vol. 1 Issue 4, FINTECH CONFIDENTIAL, a digital pop-up of the 7th annual 2021 Fintech & Financing Conference and Expo (FFCON21) held virtually from May 11-13 and co-hosted by NCFA and Toronto Finance International (TFI). As global economies strive to contain the latest Covid outbreak and recover fragile sectors, fintech innovators continue to ‘BREAK BARRIERS’, the main theme of this year’s conference, and the second year in partnership with TFI, reflecting the growth and emerging challenges that the Canadian Fintech industry must navigate to achieve mass adoption and scale. It’s been another unprecedented year with covid accelerating trends such as bitcoin’s institutionalization, the growing power of retail investors, the 2nd round of Open Banking consultations and the advisory committee’s recommendations to the federal government, payment modernization efforts, adoption of harmonized Crowdfunding regulation, AI roadmap, emergence of digital identity as a ‘right’ and core data infrastructure (ie., vaccine passports), growing support for Purpose (not just shareholder profit), green finance solutions tackling shared global problems such as SDGs and climate change, EDI (equality, diversity and inclusion), and regulatory push back and a firm ‘line in the sand’ for Big Tech. FFCON21 was a successful event attracting over 100+ thought leaders, 75 partners, 500+ attendees, an NFT charity fundraiser in partnership with CanadaHelps for front line workers, and our second annual 2021 Fintech Draft competition -- a pitching event inspired by sports league drafts and designed to identity emerging high growth fintech ventures. A hearty congratulations to the winners: Agryo (Overall) and Copia Wealth Studios (People’s Choice)! Thank you to all the partners, speakers, attendees, volunteers, and the entire organizing team for making ‘Breaking Barriers’ an impactful and amazing online experience and for being part of Canada’s fintech and funding community. We hope you enjoy reading this special edition of Fintech Confidential.
The National Crowdfunding & Fintech Association of Canada (NCFA) and partners are excited to present Vol. 1 Issue 4, FINTECH CONFIDENTIAL, a digital pop-up of the 7th annual 2021 Fintech & Financing Conference and Expo (FFCON21) held virtually from May 11-13 and co-hosted by NCFA and Toronto Finance International (TFI).
As global economies strive to contain the latest Covid outbreak and recover fragile sectors, fintech innovators continue to ‘BREAK BARRIERS’, the main theme of this year’s conference, and the second year in partnership with TFI, reflecting the growth and emerging challenges that the Canadian Fintech industry must navigate to achieve mass adoption and scale.
It’s been another unprecedented year with covid accelerating trends such as bitcoin’s institutionalization, the growing power of retail investors, the 2nd round of Open Banking consultations and the advisory committee’s recommendations to the federal government, payment modernization efforts, adoption of harmonized Crowdfunding regulation, AI roadmap, emergence of digital identity as a ‘right’ and core data infrastructure (ie., vaccine passports), growing support for Purpose (not just shareholder profit), green finance solutions tackling shared global problems such as SDGs and climate change, EDI (equality, diversity and inclusion), and regulatory push back and a firm ‘line in the sand’ for Big Tech.
FFCON21 was a successful event attracting over 100+ thought leaders, 75 partners, 500+ attendees, an NFT charity fundraiser in partnership with CanadaHelps for front line workers, and our second annual 2021 Fintech Draft competition -- a pitching event inspired by sports league drafts and designed to identity emerging high growth fintech ventures. A hearty congratulations to the winners: Agryo (Overall) and Copia Wealth Studios (People’s Choice)!
Thank you to all the partners, speakers, attendees, volunteers, and the entire organizing team for making ‘Breaking Barriers’ an impactful and amazing online experience and for being part of Canada’s fintech and funding community. We hope you enjoy reading this special edition of Fintech Confidential.
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MazumaGo is a lean structured, fast-growing<br />
<strong>Fintech</strong> start-up that enables businesses to<br />
move away from cheques by giving them a<br />
simple solution to send and receive no limit<br />
payments for a flat fee. With MazumaGo,<br />
businesses can collect money from<br />
customers, pay suppliers, set-up recurring<br />
transactions and move money between<br />
internal accounts at different banks – all in<br />
one dashboard. The company was founded<br />
by a group of three technical co-founders<br />
based out of Victoria, B.C., who built the<br />
software entirely in-house. Since launching<br />
the software in September 2019, MazumaGo<br />
has processed a total transaction volume of<br />
$11.2 million with over 30 active customers.<br />
Cyclebit empowers retailers to take advantage<br />
of new payment offerings, devices, and user<br />
knowledge in order to provide a superior,<br />
more engaging payments experience. We<br />
provide simple, affordable and robust tools for<br />
retailers to accept digital currencies, credit/<br />
debit and cash transactions for in-store, online<br />
and on-the-go purchases.<br />
Location: Toronto<br />
Year Founded: 2018<br />
Vertical: Blockchain / Digital Assets /<br />
Cryptocurrency<br />
Employees: 11 – 50<br />
Website: cyclebit.io<br />
Location: Victoria, BC, Canada<br />
Year Founded: 2018<br />
Vertical: Finance / Accounting<br />
Employees: 1 – 10<br />
Website: MazumaGo<br />
The Digital Economy is worth 3+ trillion<br />
dollars today, and yet, the majority of small<br />
businesses in this space don’t have access<br />
to growth capital because they don’t have<br />
tangible assets to collateralize. Corl has<br />
developed a financing platform that leverages<br />
data, automation, and machine learning to<br />
offer revenue-sharing financing to small<br />
businesses. Using 10,000+ data points on a<br />
business, we are able to analyze businesses<br />
in under 24 hours, mitigate risk through our<br />
proprietary technology and product, and<br />
capture market share in this new asset class<br />
by earning a % of a business’ monthly gross<br />
revenue in exchange for capital.<br />
Location: Toronto<br />
Year Founded: 2017<br />
Vertical: Capital markets / Decentralized<br />
Finance / Crowdfinance<br />
Employees: 1- 10<br />
Website: corl.io<br />
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