Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: Entrepreneurs, Start-ups, Small Businesses
Discovering Iceland: Connect Seamlessly with a Virtual Number
Oct 20, 2025
Image: Freepik/wirestock, Reykjavik
Are you planning to extend your business reach to Iceland, known for its innovative economy and tech-savvy population? Are you searching for an efficient way to communicate with Icelandic contacts without facing the high costs associated with international dialing? Or maybe you're interested in maintaining your privacy while engaging with this unique market? Virtual numbers, particularly those provided by Virtnum.com, offer a remarkable solution, allowing for smooth, secure communication channels with Iceland. Let's dive into the advantages of utilizing an Icelandic virtual number through Virtnum.com and how it can significantly enhance your communication strategy.
Establish Your Presence in Iceland
In the global marketplace, creating a local presence can dramatically enhance your business's credibility and accessibility. An Icelandic virtual number allows you to establish this presence, making it easier and more affordable for individuals in Iceland to reach you. This local approach not only facilitates better communication but also strengthens your brand's reputation within the Icelandic community. Virtnum.com ensures that this critical connection is both straightforward and effective, aiding your successful entry into the Icelandic market.
Prioritize Your Privacy
In today’s interconnected world, protecting your personal and business communications is crucial. Opting for an Icelandic virtual number through Virtnum.com is a strategic step in safeguarding your privacy. This approach allows you to interact within the Icelandic market while keeping your actual contact information confidential. This level of privacy is invaluable, ensuring peace of mind for both individuals and businesses looking to explore or expand in Iceland.
Benefit from Flexibility and Convenience
Virtnum.com is dedicated to providing a user-friendly experience, ensuring that acquiring and utilizing an Icelandic virtual number is hassle-free. There’s no need for physical SIM cards or complicated setups; your virtual number is ready to use almost immediately. Moreover, the ability to forward calls to any device ensures that you remain connected to your Icelandic contacts, no matter where your travels or business may take you.
Reduce Communication Costs
Adopting an Icelandic virtual number from Virtnum.com is a cost-effective choice. It enables you to avoid expensive international call fees, allowing you and your Icelandic associates to enjoy local call rates. This affordability is particularly advantageous for businesses and individuals aiming for frequent communication with Iceland without incurring significant costs.
Start Your Icelandic Adventure with Virtnum.com
Beginning your journey to enhanced connectivity in Iceland is seamless with Virtnum.com. Simply visit their website, choose the Icelandic virtual number that best suits your needs, and follow the easy setup instructions. With Virtnum.com’s dependable service and dedicated customer support, you're assured a smooth and effective experience from the outset.
Conclusion
An Icelandic virtual number from Virtnum.com is more than just a tool for communication; it’s a strategic asset for anyone looking to engage effectively with Iceland.
See: Fintech 2025 Growth Insights For Winners And Disruptors
Whether your goals involve business expansion, privacy enhancement, or streamlined communication, Virtnum.com provides a powerful, user-friendly platform to meet your needs. Embrace the future of communication with an Icelandic virtual number from Virtnum.com and open new doors to opportunities in Iceland today.
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 aa 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, artificial intelligence, 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: www.ncfacanada.org
 |  |  |
|---|---|---|
 |  |  |
BoC’s Carolyn Rogers Calls Banks an Oligopoly
Bank of Canada | Oct 14, 2025
Carolyn Rogers Says It's Time to Face How Concentration Hurts Innovation and Productivity
While almost everyone knows and/or has come to the same conclusion at one point or another, to hear the Bank of Canada's Senior Deputy Governor Carolyn Rogers deliver the same warning at the Canadian Club in Toronto on October 9, 2025, signals that perhaps the political critics against introducing more innovation and competition in the banking industry are going to have to acquiesce or Canada's economy and living standards will continue to crumble. The Bank of Canada's speech veers from the institutions usual restraint, which was published under the speech title, 'Productivity's competitive edge'.
See: How Competition Powers Canada’s Economic Growth
In short, Rogers said while Canada’s banking system remains stable, it is also highly concentrated, a structure now holding back innovation, competition, and national productivity. Below we break down some of the key and relevant quotes.
Select Quotes from Bank of Canada Speech
1. “It would also be hard to argue, on any objective measure, that Canada’s banking system is anything other than an oligopoly.”
Rogers’ statement cut through years of careful language. Six institutions dominate almost every part of the financial system. When a few players control access to credit, payments, and capital, competition (and thus productivity) slows. Oligopolist margins stay high not from efficiency but from market power.
Consumers face limited choice, and startups face unfair barriers that restrict their ability to grow.
See: CMA Lessons on Competition and Growth for Canada
Over time, and in the face of growing geopolitical risk, the impact of stagnation ripples across the economy as productivity weakens, innovation slows, and the cost of doing business is stubbornly high.
2. “The six largest banks collectively hold about 93 percent of all banking assets.”
It's immensely profitable for banks to scale without real competition. When a handful of banks dominate that are protected by the government, the incentive to innovate diminishes.
New entrants face steep obstacles that make entry prohibitively expensive. Customer mobility is low because switching banks is difficult, and incumbents have little reason to compete on service or cost.
This level of concentration kills inertia before it's had a chance to get off the ground. A sort of regulatory conservatism where policy focuses on maintaining stability instead of competition and encouraging growth.
It also contributes to the misallocation of capital, with funding often directed toward established low-risk assets instead of dynamic and productive new ventures.
3. “Many argue that this level of concentration has clear negative impacts on productivity, innovation, capital allocation, cost and consumer choice.”
The adverse impacts of this prolonged conservative approach is visible in every part of the financial system. Weakened competitive pressure keep fees high and innovation limited. Fintech firms and non banks are stifled by access restrictions and a lack of infrastructure sharing.
See: Canada’s Productivity Depends on Intangible Tech Adoption
The dominance of large incumbents has created a drag on productivity, discouraging foreign and domestic investment in innovative financial technologies and systems. Regulators, under constant lobbying pressure from powerful incumbent players, risk capture and caution.
Consumers end up paying more, while the wider economy suffers from slower capital formation and lower economic growth.
4. “Greater contestability, more new entrants and more innovation in our financial sector would lead to competition that’s good for consumers, for productivity and for our economy.”
Rogers' speech didn't stop at the problems. She pointed directly at the solutions that are actively in Canada's financial innovation pipeline that would open markets and increase contestability (read: competition).
Real Time Rail and open banking were designed to do just that. Both initiatives aim to make payments faster and more accessible while empowering consumers to use their data to get better services.
Yet both have been slowed by lack of political urgency. Every delay reinforces the oligopoly’s power and widens Canada’s productivity gap with other advanced economies.
5. “We should lean into it.”
Rogers closed by calling for action. Canada’s stability is valuable, but without competition, it becomes stagnation. Stability alone cannot deliver growth or innovation.
See: Canada’s Public Sector Costs and Productivity Gap | Top 15 Canadian Fintech blogs
The future depends on whether policymakers are willing to favour market openness, accountability, and the kind of innovation that allows new participants to compete on equal ground.
Implications and Takeaways
While Canada’s policymakers have inched towards open banking and Real Time Rails, political will remains uncertain. The government signalled intent in previous statements, and regulators have continued to prepare the technical frameworks.
However industry and fintech groups and business leaders need visible deadlines, transparent implementation plans, and strong data rights today, not years from now after already waiting half a decade.
But rhetoric could be changing into real momentum because Canada's back is up against the wall and success depends on whether political leaders, not only regulators, commit to timelines, accountability, and measurable progress.
See: Agentic AI in Banking From Pilots to Real Impact
The federal economic budget is due this fall, and if the statement lacks specific commitments, the oligopoly will remain untouched yet again. If it includes firm milestones, open access, and clear delivery dates, Canada could finally begin to modernize its financial infrastructure and restore productivity growth.
Why It Matters
By calling Canada’s banking system an oligopoly, the Bank of Canada directly linked banking concentration to productivity. Real Time Rails and open banking are are linchpins to unlock competition, expand consumer choice, and modernize how money moves. The National Crowdfunding and Fintech Association of Canada continues to advocate for more competition, access to capital, and policy frameworks that enable fintech innovation.
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 aa 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, artificial intelligence, 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: www.ncfacanada.org
| | |
|---|---|---|
| | |
How MSPs and IT Services Are Powering Canada’s Digital Future
Oct 14, 2025
Image: Freepik/DC Studio
In today’s fast-changing digital world, Canadian businesses are under constant pressure to stay ahead of the curve. Whether it’s maintaining smooth operations, protecting sensitive data, or scaling technology efficiently, the demand for expert IT management continues to rise. This is where Managed IT Services have become a game-changer for organizations of all sizes.
Across Canada, companies are increasingly turning to Managed Service Providers (MSPs) to handle complex IT needs. Instead of juggling in-house infrastructure challenges, these businesses rely on specialized partners who deliver reliable, secure, and cost-effective technology solutions. From cloud optimization to system monitoring, MSPs ensure businesses focus on growth while leaving the technical headaches to professionals.
Why MSPs Are Crucial for Modern Businesses
MSPs are more than just IT vendors — they are strategic partners that help businesses thrive in an increasingly connected economy. For small and medium-sized enterprises (SMEs), outsourcing IT Services to an MSP offers flexibility, scalability, and financial predictability.
Rather than maintaining an internal IT team, which can be expensive and resource-intensive, businesses gain access to a full suite of technical expertise. MSPs manage everything from network performance to software updates and cybersecurity compliance.
This approach not only ensures smooth operations but also minimizes downtime — a critical factor in business success. In an era where even a few minutes of disruption can lead to lost revenue, MSPs play an essential role in keeping systems efficient and secure.
Moreover, MSPs enable organizations to focus on what they do best. When technology works seamlessly in the background, productivity naturally increases. This alignment of business and technology goals is why MSP-driven IT management has become a key differentiator in competitive markets like Canada.
How Canadian Companies Benefit from Proactive IT Support
One of the biggest advantages of working with an MSP is the shift from a reactive to a proactive IT model. Instead of waiting for systems to fail or security breaches to occur, MSPs continuously monitor and maintain infrastructure health.
Canadian businesses benefit from 24/7 network oversight, remote management tools, and automated issue detection — all designed to prevent problems before they disrupt operations.
For example, MSPs often implement advanced analytics and AI-driven alerts to track network anomalies. This real-time monitoring ensures that potential threats or inefficiencies are handled swiftly. Over time, this reduces IT costs and improves reliability.
Additionally, proactive IT management offers businesses peace of mind. With regular maintenance, data backups, and security patching, companies can focus their energy on innovation rather than troubleshooting. It’s a smarter, more strategic way to handle technology in a landscape where digital downtime is simply not an option.
The Growing Importance of Digital Protection
As Canada becomes more digital, cyber threats have also grown more sophisticated. Businesses face phishing scams, ransomware, and data breaches at an alarming rate — making strong cybersecurity essential.
That’s why investing in professional cybersecurity services has become a top priority. These services go beyond installing antivirus software or firewalls; they create comprehensive protection frameworks tailored to each business.
A well-structured cybersecurity plan includes employee training, multi-layer authentication, real-time threat detection, and disaster recovery solutions. For MSPs like Cypher, this means providing clients with complete visibility into their risk landscape while implementing proactive defense measures.
By combining Managed IT and cybersecurity under one roof, businesses can ensure both performance and protection — a combination that’s vital in today’s digital-first economy.
How Cypher Empowers Businesses Through MSP Excellence
Cypher stands out as one of Canada’s forward-thinking technology partners, delivering customized solutions that merge efficiency with innovation. Their approach to IT management is built on trust, transparency, and measurable performance.
Cypher’s expertise extends across cloud computing, data security, system integration, and remote technical support. They don’t just react to issues — they anticipate them. By implementing predictive analytics and continuous improvement models, Cypher helps businesses stay one step ahead of evolving challenges.
What truly sets Cypher apart is their dedication to client success. Whether working with startups or established enterprises, Cypher tailors its Managed IT approach to meet specific industry demands. From optimizing cloud infrastructure to ensuring compliance with Canadian data laws, every service is designed to strengthen a company’s digital foundation.
In a world where technology is the backbone of business, Cypher’s MSP and IT solutions are empowering organizations to operate confidently and securely.
Choosing the Right Technology Partner
Selecting the right MSP can make or break a business’s IT strategy. With so many providers in the market, it’s important to choose a partner that aligns with your company’s vision, values, and long-term goals.
When evaluating potential providers, businesses should look beyond price and focus on reliability, scalability, and service depth. A good MSP will offer transparent communication, 24/7 support, and a proactive approach to technology management.
Certifications and proven experience in cybersecurity, cloud management, and data compliance are also critical factors. The best providers — like Cypher — not only resolve immediate issues but also act as strategic advisors, guiding businesses toward future-ready technology solutions.
Ultimately, the right partnership fosters confidence. It allows companies to innovate, scale, and compete effectively in a rapidly digitalizing marketplace.
The Future of Managed IT in Canada
Canada’s tech ecosystem is evolving rapidly, and so are the expectations from MSPs. With artificial intelligence, edge computing, and automation becoming mainstream, Managed IT providers are expanding their capabilities.
The future lies in integrated service models that merge technology management, cybersecurity, and digital strategy. Companies that embrace this shift early will gain a competitive edge — reducing risk, improving agility, and enhancing customer trust.
As digital transformation accelerates, MSPs will continue to be indispensable partners for businesses navigating the complexities of modern IT.
Conclusion
In today’s interconnected economy, technology is more than a tool — it’s the lifeline of every successful organization. Businesses across Canada are realizing that maintaining reliable and secure systems requires more than just in-house effort; it demands the expertise of professional partners who understand the evolving digital landscape.
See: Canada’s Public Sector Costs and Productivity Gap
Through trusted providers like Cypher, companies gain access to world-class IT support, proactive monitoring, and robust security frameworks. Whether it’s optimizing workflows through Managed IT Services or strengthening defenses with expert cybersecurity services, these solutions empower businesses to focus on what truly matters — growth, innovation, and long-term success.
The message is clear: the future belongs to businesses that embrace smart technology management. And with the right MSP by their side, that future looks bright, secure, and full of potential.
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 aa 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, artificial intelligence, 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: www.ncfacanada.org
| | |
|---|---|---|
| | |
Stingray Security Wins ScamShield Challenge
Cybersecurity | Oct 9, 2025
Image: Stingray Security demo image (Winner of ScamShield Challenge, Oct 2025)
Alberta’s Investor Protection Challenge Crowns Stingray Security for Advancing Real-time Fraud Prevention Innovation
On October 9, 2025, the Alberta Securities Commission (ASC) announced that Stingray Security had won first place in the ScamShield: Investor Protection Challenge, a collaborative initiative launched last year by the ASC, Edmonton Police Foundation (EPF), and Edmonton Police Service (EPS).
The challenge was created to find new ways to fight the growing problem of online crypto investment fraud. More than 30 solutions were submitted after the program’s launch in September 2024. Two concepts were chosen to move forward in January 2025, and Stingray emerged as the top solution after further testing and development.
Why The Challenge Matters
According to the ASC’s January 2025 update, more than 60% of the $309 million in investment fraud losses in 2023 were tied to crypto scams, according to the Canadian Anti-Fraud Centre. There's an urgent need for better tools and collaboration to protect investors.
See: How to Avoid Phishing Attacks on Your Crypto Wallet
ScamShield is focused on prevention and education by combining regulatory oversight, community engagement, and fintech innovation. For fintechs, investors, and digital finance leaders, the initiative demonstrates how regulators and entrepreneurs can co-create solutions that build confidence in online markets and reduce fraud risk.
Ron Anderson, CIO/CTO at the Edmonton Police Service Innovation and Information Bureau:
"Online investment scams have emerged as a preferred method for fraudsters, exploiting the public's limited experience in the fast-changing world of digital finance. These crimes are far from victimless – behind every fraudulent scheme are hardworking individuals whose savings have been compromised. As law enforcement, our mission goes beyond holding perpetrators accountable, we must also build public confidence in the integrity of our financial systems. The Stingray Security solution is another powerful tool that investors can use to safeguard themselves and avoid becoming victims of these devastating crimes."
Stingray Security’s Winning Innovation
Canadian cybersecurity company Stingray Security developed a browser-based protection tool that identifies risky website links and blocks threats in real time. The product defends users against phishing, fake investment platforms, and other fraudulent activity linked to crypto scams. It is available free of charge and can be downloaded directly from the Google Chrome Web Store. The technology uses in-browser protection to stop malicious activity before harm occurs, offering instant protection for individuals, families, or workplaces.
See: $4.3M in Crypto Scams Triggers Operation Avalanche
Ian MacKinnon, co-founder and Chief Technology Officer of Stingray Security:
“We built Stingray so anyone can start using state-of-the-art protection in seconds, whether at work, at home, or to protect loved ones—all for free.”
Closing Thought
Programs like ScamShield prove that regulators and entrepreneurs can collaborate to develop practical tools that deliver measurable results for investors and communities. As fraud continues to evolve, public and private cooperation will be essential to maintaining trust in digital markets and strengthening financial resilience coast to coast.
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 aa 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, artificial intelligence, 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: www.ncfacanada.org
| | |
|---|---|---|
| | |
Crypto Finance Finding Scale and Clarity in 2025
FT Partners Crypto and Blockchain Update | Oct 9, 2025
Source: Financial Technology Partners
Institutional Capital Into Regulated Crypto Infrastructure and Transparent Growth Channels
Financial Technology Partners (FT Partners) October 2025 Crypto and Blockchain Update shows that capital is flowing back into regulated digital asset infrastructure.
The Financial Technology Partners (FT Partners) October 2025 Blockchain and Cryptocurrencies Monthly report shows that digital asset M&A and financing activity has rebounded, led by exchanges, custody networks, and compliance technology. Institutional demand is piling into the market as regulated entities capture a growing share of capital and deal flow, with climbing valuations across regulated segments.
Select 2025 Deal Transactions
The FTP report data indicates that infrastructure remains the strongest and most resilient part of the market. Custody systems, settlement networks, and tokenization technology are attracting the largest investments as firms position to meet higher institutional and compliance standards. Transactions through 2025 is proof of how global players are consolidating around regulated platforms, liquidity access, and cross-border interoperability.
Custody and Infrastructure Led Deal Activity
Ripple Labs acquired Standard Custody & Trust for $120 million in January, expanding its regulated tokenization and trust charter capabilities.
In April, Fireblocks raised $150 million at a $10 billion valuation to scale enterprise-grade custody and settlement systems. Komainu attracted $25 million in strategic investment during the same month to strengthen its institutional custody platform and compliance integrations.
See: Investing in the Future of AI and Blockchain
May brought a $100 million raise for Anchorage Digital to expand its regulated digital asset banking and custody operations.
BitGo followed in June with a $100 million Series C round at a $1.75 billion valuation to deepen institutional tokenization services.
By September, Galaxy Digital acquired GK8 for $44 million, adding institutional self-custody and wallet management capabilities.
Exchange Consolidation
WonderFi completed a $100 million merger with Coinsquare and Bitbuy in January, forming one of Canada’s largest regulated crypto trading platforms.
Then later in March, Robinhood acquired WonderFi for C$250 million (around US$179 million), uniting Coinsquare and Bitbuy under its global exchange network.
Coinbase expanded twice, acquiring Circle’s European operations in February to enhance stablecoin settlement systems, then Deribit in August for $2.9 billion in cash and stock to extend crypto derivatives trading and clearing.
Compliance and Analytics Remained Strong
Chainalysis closed a $200 million Series F in June at a $4.2 billion valuation to expand blockchain intelligence and compliance monitoring.
A month later, Elliptic raised $50 million in a Series D extension to develop new anti–financial-crime tools for banks and exchanges.
Tokenization and stablecoin infrastructure gained momentum
Circle completed its acquisition of Archblock in February, integrating cross-chain USDC routing and compliance layers.
See: Canada’s Payments Innovation Push Gains Speed
In May, Tether acquired Bitfinex Securities’ minority stake to reinforce its regulated token issuance network.
Ripple invested $285 million in August to expand global tokenization and CBDC settlement projects.
Institutional investment
Kraken Ventures launched a $200 million fund in July focused on blockchain infrastructure and fintech platforms.
Further Insights
FT Partners’ 2025 data confirm that regulated infrastructure has become the foundation of digital finance. Valuations for infrastructure and compliance platforms now exceed eight times revenue, while consumer trading firms remain below four.
That spread shows that investors see real value in predictable, institutionally integrated systems rather than volatile retail flows. Institutional adoption continues through regulated products such as spot Bitcoin ETFs, tokenized funds, and custody-integrated settlement rails.
See: SEC Clears Crypto Staking. What It Means for Canada
These channels represent a transition from speculative trading to reliable yield generation. Capital is rewarding throughput, compliance, and interoperability the same factors that define successful cross-border fintech models.
Outlook
Growth will continue through robust compliance-oriented networks linking tokenized assets, stablecoins, and regulated exchanges. 2025 transactions signal global alignment toward clearer regulatory frameworks across Canada, Europe, and the United States. Taken together, these developments are building a more mature, data-driven digital finance ecosystem that's preparing for institutional scale.
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 aa 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, artificial intelligence, 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: www.ncfacanada.org
| | |
|---|---|---|
| | |
Best Shopify Plus features to help enterprise stores grow faster
Oct 8, 2025
In today's world, where the majority of sales are now online, it is the speed of development that determines whether a company will be successful in selling online. For a large corporation, a delay of literally minutes or an error in the process can turn into a loss of several millions. That's why large-scale businesses choose Shopify Plus - a platform that not only gives the business a sense of stability, but is also ready for daily updates and upgrades.
In this article, we'll look at what challenges Shopify Plus can handle for large businesses.
Challenge 1: A large number of orders and customers
When the store increases sales from several hundred to several thousand per day, the usual steps cease to bring the same result as before. The workload on employees increases, as a result of which errors may occur during the processing of orders.
Shopify Plus Solution: the platform, thanks to powerful tools, is ready to withstand tens of thousands of payments every day. Automation of the load on the servers is a guarantee of stable operation even at the time when the most purchases are made.
Result: customers are served quickly and without interruptions, and the company saves budget that could have been lost due to technical errors.
Challenge 2: International expansion
The ambitions of large corporations are always to enter the international market. But the language barrier, different currencies and payment systems often become an obstacle to the realization of this idea.
See: Resources for Canadian Resiliency and Competitiveness
Shopify Plus Solution: built-in multicurrency and multilingualism allow you to serve customers from different parts of the world and not create a separate site for one or another country. The platform also integrates with local payment systems.
Result: the company quickly starts working on an international scale and develops new markets, without spending a lot of time and resources on it.
Challenge 3: Sophisticated Marketing
Marketing in large corporations is not only about banners and promotional offers. This is about complex work on many levels, thanks to which offers are built to meet the needs of different segments of customers.
Shopify Plus Solution: automation tools (Flow, Launchpad) help plan, launch and monitor campaigns. They allow you to segment customers according to their needs, automatically adjust discounts for them, and launch promotions at the right time.
Result: the company keeps the resource of its employees, but at the same time gets the desired result from each marketing strategy.
Challenge 4: Working with corporations
Flexible pricing and multi-level accounts are important to B2B companies.
Shopify Plus Solution: client orientation – individual conditions, personalized discounts, special conditions of cooperation. And also access to different representatives of the corporation with different rights.
Result: loyal relations with strategic partners and transparent conditions of cooperation are formed.
Challenge 5: Data control and analysis
Big brands need to get accurate numbers to make certain decisions. Analytics makes it possible to understand which internal processes are slowing down and inhibiting development.
Shopify Plus Solution: integrations with analytical systems and advanced reports allow you to analyze customer behavior, conversions and profitability.
Result: the business quickly receives all the necessary data and quickly adjusts processes.
Binary Future: a guide to scaling
To fully utilize the Shopify Plus functionality, you need a team that knows not only technical parameters, but also is competent in business processes. It is this assistant Binary Future – experts in shopify ecommerce development, capable of creating scalable online platforms and integrating advanced analytics and marketing tools."
The team helps large corporations:
- automate processes;
- create UX/UI design that will sell;
- integrate Shopify Plus with ERP, CRM and marketing tools;
- build strategies for entering new markets.
Binary Future's mission is to create seamless and intuitive shopping experiences that convert visitors into repeat customers and deliver measurable growth.
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 aa 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, artificial intelligence, 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: www.ncfacanada.org
| | |
|---|---|---|
| | |
Globe Ranked Top Growing Fintech Companies 2025
Fintech | Oct 3, 2025
Image: Freepik/newelement
Globe and Mail Ranking of Canada’s Fastest Growing Fintechs 2025
On September 26, 2025, the Globe and Mail released its 2025 Report on Business ranking of Canada’s Top Growing Companies. The annual list tracks Canadian firms based on three-year revenue growth, offering a quick snapshot of where innovation is scaling fastest (think revenue, headcount, growth).
See: Canada’s Stablecoin Race Enters Critical Phase
This year’s ranking features a great group of fintech and digital finance firms that are impacting how Canadians borrow, pay, invest, insure, and embed financial services into everyday life.
Fintech-related Companies from the 2025 Ranking
| Rank | Company | Sector | Description |
| #3 | Gearlay | Web3 / Blockchain | Blockchain-based enterprise financial software |
| #4 | Float | Lending & Embedded Finance | SME finance and corporate card platform |
| #5 | veritree | ESG & Green Finance | Digital carbon credits and reforestation finance |
| #11 | Novisto | ESG & Green Finance | ESG disclosure, data, and reporting platform |
| #24 | FundMore | Lending & AI | Automated mortgage underwriting |
| #32 | Quandri | AI & Automation / Insurtech | Insurance automation bots |
| #39 | Autocorp.ai | AI & Lending | AI-powered auto retail finance |
| #44 | Helcim | Payments | Merchant payment processing |
| #57 | CapIntel | WealthTech | Digital platform for advisors and wealth managers |
| #62 | PomeGran | Digital Infrastructure | Broadband and connectivity backbone |
| #65 | BOXX Insurance | Insurtech | Cyber insurance and protection |
| #72 | SWTCH Energy | Payments Infra / Energy | EV charging + payments integration |
| #86 | Makeship | Alternative Finance / Crowdfunding | Creator crowdfunding platform |
| #108 | Fintel Connect | Web3 / Marketing | Performance marketing for fintechs and crypto |
| #110 | Justwealth | WealthTech | Robo-advisor portfolio management |
| #112 | HONK | Payments | Contactless mobility/parking payments |
| #119 | Merchant Growth | Lending & SME Finance | Working capital financing |
| #129 | MindBridge | AI & Regtech | AI anomaly detection and audit |
| #137 | Loans Canada | Lending & Alt Finance | Loan marketplace and credit scoring |
| #140 | PolicyMe | Insurtech | Digital-first life insurance |
| #149 | Zum Rails | Open Banking & Payments | Open banking and payments APIs |
| #158 | Trolley | Payments | Global payouts and compliance |
| #204 | FundThrough | Lending & Alt Finance | Invoice financing and cash flow optimization |
Beyond the Globe’s List
While the Globe and Mail ranking provides a valuable view of Canadian fintech growth, it is far from exhaustive. Many high-growth firms remain absent because they operate in stealth mode, choose not to disclose financial data, or do not meet eligibility thresholds. Early-stage innovators, companies with holding structures abroad, and ventures acquired by larger incumbents also fall outside the ranking.
See: Canada’s Payments Innovation Push Gains Speed
For NCFA’s community, this means the list represents only part of the country’s dynamic ecosystem of fintech, Web3, AI, alternative finance, and digital-first ventures that are scaling globally. For a broader view of Canada’s financial tech innovation landscape, see NCFA’s fintech directory at https://fintechcanada.io/.
Congrats to All the Scaling Canadian Fintechs
Canadian fintech companies are excelling in lending, payments, Web3, insurtech, ESG, AI, digital infrastructure, and many other subcategories. These companies mirror how regulation, access to capital, and collaboration between industry and government is critical to ensure Canadian fintechs continue to thrive in an increasingly globally competitive landscape.
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 aa 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, artificial intelligence, 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: www.ncfacanada.org
| | |
|---|---|---|
| | |
