Karsten Wenzlaff, Advisor
August 26th, 2025
Elevate Festival | Aug 22, 2025

Elevate Festival Oct 7 9, 2025, Toronto
The National Crowdfunding and Fintech Association of Canada (NCFA) is proud to be a Community Partner of Elevate Festival 2025. This is the seventh edition of Canada’s largest home grown technology and innovation gathering taking place from October 7 to 9 at Toronto’s Meridian Hall and St. Lawrence Centre. The Elevate Festival will welcome more than ten thousand attendees and over 250 speakers who are innovating the future of business, finance, and technology.
The lineup reads like a who’s who of innovation. Chris Urmson of Aurora, Clay Bavor of Sierra, and Dorothy Kilroy of Oura Health will share their visions for automation, artificial intelligence, and digital health. They will be joined by Erika Ayers Badan of Food52, Ida Tin of Clue, Althea Wishloff of Raven Capital, Harley Finkelstein of Shopify, and Hussein Fazal of Super.com. Together they represent the scale and diversity of thought that defines Elevate.
Elevate is not just a gathering, it is an experience. AI and Scale Up tracks will take the main stage for the first time, drawing thousands to conversations that matter most for Canada’s growth. Eight focused tracks will also cover fintech, moonshots, future talent, investors, and women in tech.
Attendees can join masterclasses limited to one hundred participants, connect in the Women in Tech Lounge presented by Interac, and build relationships in the Startup Lounge presented by Moneris.
One of the things that we love about Elevate is that it continues to lead in representation. More than half of attendees in 2024 identified as women or non binary, which is way above Canadian and global benchmarks for tech gatherings (big and small). The festival has also generated significant startup investment by giving founders access to curated meetings, roundtables, and pitch stages.
That momentum carries into 2025 with the Startup Open House on October 9, where entrepreneurs can open their doors to investors, partners, and future hires. There are a plethora of reasons why entrepreneurs and investors globally should attend Elevate 2025, don't miss out!
For NCFA’s community, Elevate is a fantastic opportunity to be part of Canada’s innovation story. It is where founders meet investors, where startups become scale ups, and where the fintech community can help shape Canada’s economic future. Save 20% on your Elevate Festival pass with the code NCFAELEVATE (offer valid for unlimited uses until October 9).
Register now to secure your ticket before prices rise on September 5.
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, 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
![]() | ![]() | ![]() |
|---|---|---|
![]() | ![]() | ![]() |
Innovation Award | June 16, 2025

Image from the Tokyo Financial Award 2025 website
Applications are now open for the Tokyo Financial Award 2025, a global competition organized by EY Strategy and Consulting on behalf of the Tokyo Metropolitan Government. The award targets financial technology companies at the edge of financial services, and also those working on sustainable finance problems. Canadian fintechs with global ambitions are encouraged to apply.
The Tokyo Financial Award is part of Tokyo’s push to become Asia’s financial innovation hub. Selected firms will gain visibility, mentorship, funding, and direct support for business expansion in Japan.
This category is for fintech companies and financial service providers offering innovative solutions that address the real needs of Tokyo’s citizens and businesses. This includes everything from digital payments to inclusive finance, automation, regtech, and more.
Deadline to apply: July 31, 2025 (23:59 JST) - Apply here
This category rewards companies using finance to support the transition to a sustainable society and has 3 subcategories:
Deadline to apply: August 31, 2025 (23:59 JST) - Apply here
The Tokyo Financial Award connects emerging fintech and sustainability leaders to one of Asia’s most dynamic financial markets. This is a great opportunity for Canadian fintech companies to diversify to new markets and gain recognition, funding, and in-market support while contributing to real world impact in Tokyo, Japan and beyond.
Visit the website to learn more or email: tfa@jp.ey.com.
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, 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
![]() | ![]() | ![]() |
|---|---|---|
![]() | ![]() | ![]() |
Canada-Africa | June 10, 2025

Image courtesy of the Canada-Africa Fintech Summit, Aug 5-8, 2025 | Toronto
Foreign aid to Africa is in rapid retreat but this is not the end of growth. It is the beginning of a new investment cycle, one that's not built on charity but on returns. As Mo Ibrahim recently wrote in the Financial Times:
"Africa’s future will depend on capital raised and deployed through smarter governance, stronger ecosystems, and financial innovation."
Fintech is driving growth in digital payments, lending, and cross-border services from Cairo to Cape Town. Now, global and diaspora investors are stepping up to high growth opportunities by backing key ventures changing the future of African finance.
Mo Ibrahim points out that the long decline in international development assistance has reached a critical point. Countries can no longer rely on donor budgets to fund health, infrastructure, or economic growth. He sees this as a call to action.
Mo Ibrahim, Founder and Chair of the Mo Ibrahim Foundation:
“Africans should not mourn the end of international aid. Now is the time to look inside our own borders and make African-led investment the cornerstone of African development.”
So what does this turning point actually mean? For African governments and businesses, it means doubling down on transparency and efficient capital deployment. For global investors, it is an entry point into a rising market with 1.4 billion consumers, one of the world’s fastest growing digital economies, and with real demand for services. And for global governments including Canada, its time to develop and mobilize an African strategy.
To unlock investment, licensing needs to be transparent, policy clear, and legal trust required. But even the best regulated and efficient fintech markets can't grow without capital. Africa's fintech sector is maturing, and the next phase will be defined by the scale and speed of investment into the continent.
In 2024, African start‑ups raised US $3.2 billion in equity and debt funding. Financial tech companies represented about 60% of the total equity funding (US $1.3–1.4 billion), and 47% of all startup funding, with a 16% increase in deal volumes despite global headwinds .
African fintech firms have proven they can scale, and many now require structured growth capital to extend beyond major metro financial hubs. This is where hybrid models are gaining ground.
Flutterwave, one of Africa’s most prominent fintechs, was co-founded by Nigerian entrepreneurs with deep local ties but its rise to a $3 billion post series D valuation was powered by a hybrid of diaspora and global capital.
Backed by firms like Tiger Global, Visa Ventures, and B Capital, Flutterwave also benefited from early African and diaspora networks. Co-founder Iyinoluwa Aboyeji, who now runs Future Africa, helped establish a model of reinvesting diaspora wealth into African ventures.
This combination of local knowledge and global capital is the emerging model. Diaspora fund managers, global venture capital firms, development finance institutions, and regional investors are increasingly working together to back companies with global ambitions and capacity to scale.
Africa is not waiting; they are expanding and forming strategic fintech partnerships, and its fintech leaders are already building the future of digital finance. What they need now is capital to scale. CAFS provides the connection point between Canadian and African fintech opportunities.
CAFS inaugural summit aims to connect African and Canadian fintech innovators, leaders, start-ups, digital finance and trade experts, investors, partners and policymakers to unlock and diversify cross-border opportunities, scalable fintech solutions, investment, and drive inclusive economic growth.
To learn more, get involved, and explore how you and your organization can participate, visit CAF Summit.
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, 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
![]() | ![]() | ![]() |
|---|---|---|
![]() | ![]() | ![]() |
NCFA Release | May 28, 2025

Canada-Africa Fintech Summit Aug 5-8, 2025 x NCFA
Toronto, ON – May 28, 2025 – The National Crowdfunding & Fintech Association of Canada (NCFA) is proud to announce a strategic partnership with the inaugural Canada-Africa Fintech Summit (CAFS), taking place from August 5 to 8, 2025, at the Sheraton Centre Toronto Hotel in downtown Toronto. This groundbreaking event will bring together fintech leaders, investors, policymakers, startups, and ecosystem builders from across Canada and the African continent to accelerate cross-border collaboration, mobilize capital, and drive inclusive innovation.
The strategic partnership aims to drive cross-border fintech growth, innovation, capital, and advance policy discussions and comes at a pivotal moment, following the release of Canada’s official Canada-Africa Strategy, which outlines a renewed commitment to building economic ties, investment, and digital cooperation between the two regions.
Africa’s fintech sector is experiencing explosive growth and global recognition. The continent has become a proving ground for digital financial innovation and a growing magnet for global capital. Here’s why it matters:
The infrastructure, capital, and consumer demand are already in place. While only a few fintechs currently operate at scale across both Canada and Africa, the opportunity is open. Now is the time for founders, investors, and policymakers to turn this into a two-way fintech bridge, and CAFS 2025 is where that future takes shape.
NCFA is working closely with CAFS organizers to help shape a dynamic agenda that connects Canadian fintechs and investors to growth opportunities in Africa while also supporting African fintechs looking to enter the Canadian market and tap into its innovation ecosystem.
Craig Asano, NCFA Founder and CEO:
“CAFS 2025 represents a historic opportunity to connect two of the most innovative and entrepreneurial fintech ecosystems. We’re excited to support a platform that brings together the talent, tools, and investment needed to build truly global ventures.”
Lots more speakers confirmed and more to come. Full agenda coming soon.
Dr. Segun Aina, President of the African Fintech Network and CAFS Co-Convenor:
“This isn’t just another fintech event—it’s a catalyst for shared opportunity. We’re fostering the relationships and strategies needed to scale inclusive fintech solutions across continents.”
# # #
About NCFA Canada
The National Crowdfunding & Fintech Association of Canada (NCFA) is a global fintech association based in Canada that champions financial innovation and supports a vibrant fintech ecosystem through education, market intelligence, advocacy, and strategic partnerships. NCFA works with startups, investors, regulators, and stakeholders across fintech, web3, blockchain, crypto, AI, open banking, and alternative finance to drive inclusive growth and real-world impact.
About the Canada-Africa Fintech Summit (CAFS)
The Canada-Africa Fintech Summit (CAFS) is a global platform connecting fintech leaders, investors, startups, and policymakers from Canada and Africa. Focused on collaboration, investment, and innovation, CAFS accelerates scalable fintech solutions and sustainable economic growth. The 2025 edition in Toronto marks the Summit’s inaugural launch.
Inquiries:
Craig Asano
Founder and CEO, NCFA Canada
casano@ncfacanada.org
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, 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
![]() | ![]() | ![]() |
|---|---|---|
![]() | ![]() | ![]() |