Fintech is a growing industry in Vancouver, where a robust pool of financial and tech talent comprises a powerful workforce. Canada’s favorable regulatory conditions, economic stability and strong market competition further contribute to the city’s potential to grow quickly as a fintech hub. Just 13 percent of Canadians use fintech products currently, which represents a notable potential for disruption and growth as smartphone use continues to increase and legacy financial services grow outdated. These are the companies innovating in the space.
Fintech Companies in Vancouver
- Trulioo
- Blackline
- BlocPal International Inc.
- Hiive
- Bench
Top Fintech Companies in Vancouver
Trulioo is a digital identity verification provider. It offers real time identity confirmation to a user network of over 5 billion people across nearly 200 countries. Trulioo works with fintech clients to integrate its services into their digital products. These integrations support streamlined onboarding, regulatory compliance and improved identity verification outcomes.
Blackline makes software for financial operations and accounting. Its cloud-based platform uses AI to automate and extract data from business processes so users are served strategic recommendations based on their unique data inputs. The company’s selling point is the ability to manage all aspects of an organization’s financial activities, from tax compliance to revenue, on a single dashboard.
BlocPal International Inc. is a fintech company that has built a “financial ecosystem” to serve as an alternative to traditional branch-based banking. One of BlocPal’s missions is to serve unbanked people and communities across the world who are effectively locked out of traditional banking and thus do not have equitable access to mainstream financial services.
Software and financial technology company Hiive operates a digital marketplace for private stocks. On the exchange, users can buy, sell and trade shares of stock in private companies. This mode of investment allows individuals and groups to gain stakes in rising companies and supports startups in obtaining funding from diverse sources.
Bench makes bookkeeping and accounting software for small businesses. Its digital tools are designed for all industries, with specialty products that are built for use by e-commerce bookkeepers, construction bookkeepers and tech consultants. Users are paired with Bench’s in-house bookkeepers to ensure accuracy and provide a human touch.
