“THE QUEBEC FINTECH INDUSTRY IS THRIVING. WITH THE LARGEST FINTECH HUB IN CANADA AND THE FINTECH CANADA FORUM, A MAJOR ANNUAL INDUSTRY GATHERING, THE STAGE IS SET FOR INNOVATION TO MEET THE REAL NEEDS OF A TRANSFORMING INDUSTRY.” Sebastian Boisjoly, vice-président, FinTech et Innovations technologiques, Finance Montréal
Financial technologies (FinTech) are playing an increasingly important role in the future of financial services globally. Quebec, already known for the vitality of its financial industry and technological expertise, is well-positioned in this growing industry.
The combination of a strong concentration of technological talent, an effective government support strategy, and a strong culture of collaboration among financial industry stakeholders fosters innovation, growth, and the development of the FinTech industry in Quebec.
Several impactful initiatives led by Finance Montréal contribute to the growth, dynamism, and reputation of the FinTech sector in Quebec.
Station FinTech Montréal
Montréal is home to Station FinTech Montréal, the largest FinTech hub in Canada. This innovation hub plays a strategic role in the
development of the industry by providing a state-of-the-art technological environment that encourages networking and collaboration. The Station FinTech Accelerator offers tailored programs, resources, and support, while facilitating access to markets and financial
industry partners to startups. FinTech economic missions organized by Finance Montréal facilitate connections between our ecosystem and foreign FinTech players, as well as the commercialization of local technologies.
FinTech Canada Forum
In 2023, the FinTech Canada Forum, one of the major North American events in the FinTech industry, is celebrating its 10th edition. This
internationally-renowned forum brings together key players from the financial services industry and serves as a crucial catalyst for innovation in Quebec. This annual gathering provides a unique opportunity for FinTech startups to showcase themselves and connect with potential investors, such as venture capital firms, investment funds, and angel investors.
The FinTech AMF – Finance Montréal Chair, a collaboration of the Autorité des marchés financiers (Quebec Financial Markets Authority),
Finance Montréal and ESG UQAM, is a multidisciplinary and interuniversity research unit that develops cutting-edge fundamental knowledge and practices on the issues and impacts of technological innovations within the FinTech ecosystem.
Key Highlights of the FinTech Industry in Quebec*
• 226 FinTech companies
• Annual growth of new companies exceeding 15%
• 22,000 direct employees
*Q1 2023
