Global fintech and funding innovation ecosystem

Banque Nationale launches a new $200 million fund

Montreal in Tech | Joseph Czikk | Jul 16, 2020

Banque nationale - Banque Nationale launches a new $200 million fundBanque Nationale is officially entering the venture capital game with its own fund.

The new National Bank SME Growth Fund, L.P. is being created in equal partnership with the Quebec government, projected to be worth $200 million.

The fund will help support Quebec’s economic recovery following the COVID-19 pandemic and the digital transformation of SMEs.

“As part of the ongoing economic recovery, entrepreneurs will need access to various forms of capital to stimulate their growth. That’s why we’re creating the National Bank SME Growth Fund, L.P., in partnership with the Quebec government,” said Louis Vachon, Banque Nationale’s CEO.

The fund will complement the bank financing already offered to SME owners to help them with their transfer, growth and acquisition plans, whether in Quebec, elsewhere in Canada or abroad.

See:  Bridge to Recovery: The Bank’s COVID-19 Pandemic Response | Open Banking Consultations Delayed in Canada

It will also boost private investments by having several types of investors participate in the stimulus project.

“Since the beginning, the Quebec government has been proactive in helping businesses in all industries deal with the crisis. This support is being maintained during the transition and post-pandemic economic recovery,” said Canada’s Minister of Economy Pierre Fitzgibbon.

Today, by participating in the creation of the National Bank Fund, our government is continuing to invest in the future of Quebec businesses. Thanks to this partnership, they will have the opportunity to successfully complete their digital transformation and achieve their growth and development goals.”

Continue to the full article --> here


NCFA Jan 2018 resize - Banque Nationale launches a new $200 million fund The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit:

Latest news - Banque Nationale launches a new $200 million fundFF Logo 400 v3 - Banque Nationale launches a new $200 million fundcommunity social impact - Banque Nationale launches a new $200 million fund

Support NCFA by Following us on Twitter!

NCFA Sign up for our newsletter - Banque Nationale launches a new $200 million fund


Leave a Reply

Your email address will not be published. Required fields are marked *

3 × two =