THE DAPPER GOOSE CRACK

The city, which plays host to one of North America’s fastest-growing tech talent pools, houses a growing roster of FinTech firms, from Bench to Blockstream and Dapper Labs.

THE DAPPER GOOSE CRACK

This comes after Vancouver did not crack Startup Genome’s 2020 FinTech report at all, which listed only the top 30 ecosystems overall. RELATED: The bottom fell out of Canadian FinTech funding in Q2 2022 The report did not share any further data on or context surrounding Vancouver’s performance. According to Startup Genome, Toronto also has particularly strong cleantech and AgTech and new food ecosystems.Īs noted, Vancouver slotted in at 10th among ecosystems with populations under three million, after ranking strongly in funding, startup experience, knowledge, and talent, slightly above-average in performance and focus, but weakly legacy-wise.

Startup Genome values the Toronto-Waterloo tech ecosystem at $46 billion, far above the global average of $28.6 billion. The Toronto-Waterloo region plays home to a number of promising and well-funded FinTech startups, from Wealthsimple to Koho, FreshBooks, and Clearco, though some have faced headwinds in recent months as market conditions have shifted. The report dubs Toronto-Waterloo North America’s “third-largest and fastest-growing innovation ecosystem.” Toronto-Waterloo, which is labeled as a single ecosystem by Startup Genome, ranked top-tier in terms of performance, funding, startup experience, focus, and legacy, but more poorly on the knowledge and talent front, according to the report. RELATED: “There’s a storm coming, but we’re on a good boat.” Koho says it’s ready to navigate downturn A variety of BetaKit reporting was also cited in Startup Genome’s research. The report draws on a Startup Genome survey with over 100,000 participants, interviews with over 100 experts, and data from Crunchbase, Dealroom, PitchBook, CB Insights, and local partners, collected between 20.

The organization’s latest FinTech report measures ecosystems from 2017 to 2021 on the basis of seven factors: performance, funding, startup experience, knowledge, talent, focus, and legacy. Startup Genome also named Calgary and Montréal as two of the top FinTech ecosystems to watch in North America, ranking Vancouver 10th and Calgary 32nd among ecosystems with a population of under three million.įounded in 2016, Startup Genome is a San Francisco-based policy advisory and research organization focused on measuring startup ecosystem performance. This report comes after Toronto fell from 14th to 17th in Startup Genome’s overall ecosystem rankings. Toronto-Waterloo has jumped five spots since 2020, fuelled in part by increased venture investment.Īccording to Startup Genome, Toronto-Waterloo’s rise was fuelled partly by the increased venture investment it saw last year in both Toronto and Kitchener-Waterloo, including Wealthsimple’s $750 million May 2021 funding round. Of the regions named to the list, Toronto-Waterloo was the third biggest mover, jumping five spots from its 12th-place finish in Startup Genome’s 2020 FinTech report to seventh in the world, behind only Silicon Valley, New York City, London, Singapore, Hong Kong, and Beijing. Startup Genome has published a new report ranking the top ecosystems for FinTech startups in the world, naming Toronto-Waterloo as the only Canadian city or region in its top 20. Share on: Twitter LinkedIn Facebook Email

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