Press Release

Fintech Cadence and Atlantic FinTech announce partnership to grow fintech in Atlantic Canada

 

7 April, 2021

 

Atlantic FinTech, aiming to accelerate the growth of the fintech industry in Atlantic Canada, and Fintech Cadence, a fintech hub fostering early-stage fintech startups, fintech knowledge and talent, have announced a strategic partnership to grow the fintech industry and ecosystem in Atlantic Canada.  

This partnership will offer the region’s fintech entrepreneurs, organizations and corporations a broad range of services all aimed at helping them right from their early stage to growth and export, through partnerships and collaborations with leading fintech experts and organizations globally.  

Fintech, a very well positioned industry in the region, has demonstrated some very positive indicators over the past year, including an increase in the number of fintech start-ups and investors, significant exits, rise in valuations, and the fast pace of digitalization in other industries. For Alicia Roisman Ismach, Head of Atlantic FinTech and a global fintech expert, “It’s not about building a sector from scratch; it’s about creating global opportunities for fintechs within the region. One of the key advantages of Atlantic Canada is the significant number of technology companies that support backend or financial operations of large corporations. We have both innovation capabilities and the experience and understanding to solve backend challenges as no other region.”

The historical challenge, however, has been with gaining access to the right resources and guidance in the early-stage, and having a supportive and connected community that will help in scaling up, exporting, and growing. The first step towards achieving this is what Fintech Cadence calls Ascension, preparing early-stage fintech companies to get the best out of an accelerator program, and that’s where their unique strength lies. The second part is where Atlantic FinTech will support with mentorship, advisory, resources and networks. 

Layial El-Hadi, Executive Director at Fintech Cadence, says “We are happy to partner with Atlantic FinTech to extend our mission through the eastern part of Canada.  Since 2017, we have been fostering a community of innovators and thought leaders in the fintech sector.  This partnership demonstrates our commitment to a national financial technology community, and we are excited to work alongside Atlantic FinTech to support entrepreneurs in the Atlantic region.” 

The leadership on both sides will actively work towards engaging the private and public sectors within Atlantic Canada, opening doors for connections and conversations beyond borders, and ensuring seamless transition of advisory and mentorship from early stage to growth stage, among others.  

Fintech founders, executives and companies in Atlantic Canada can start a conversation about membership by expressing their interest through the Atlantic FinTech website 

 

About Fintech Cadence: 

Fintech Cadence is a national non-profit based out of Montreal, QC with the mission of developing Canada’s future fintech leaders. They do this through three key pillars: educating students and professionals interested in the fintech sector, supporting early stage startups through mentorship and coaching, and collaborating with financial institutions to solve innovation challenges. Learn more about their programs and events at www.fintechcadence.com  

About Atlantic FinTech: 

Atlantic FinTech aims to accelerate the Fintech industry’s growth in the four Atlantic Canadian provinces: Nova Scotia, New Brunswick, PEI, and Newfoundland and Labrador. With this purpose in mind, Atlantic FinTech aims to increase access to knowledge, industry networks, opportunities, and capital, for Fintech companies and the ecosystem in the region, through partnerships and collaborations with leading Fintech experts and organisations globally. Learn more at https://atlanticfintech.ca/  

 

Media contact: 

For Fintech Cadence: Nicholas Belliveau (nicholas@fintechcadence.com) 

For Atlantic FinTech: Nandhini Venkateswaran (nandhini@venninnovation.com