The global pandemic has left no aspect of life untouched, and FinTech investing is no exception
The global pandemic has left no aspect of life untouched, and FinTech investing is no exception. Jan Arp, founding managing partner at Montreal-based Holt Accelerator, the leading early stage FinTech investor in Canada, told Dominic Hobson, co-founder of Future of Finance, that although the pandemic has reduced appetite for early-stage risk, investors have not lost their enthusiasm for the sector. The health crisis is accelerating the digitisation of financial services, and interest in fraud-busting cyber-security technologies that can protect financial institutions from compliance risk as well as crime. Interest in start-ups aiming to transform insurance is also rising. But Canadian FinTechs would like to see the local Open Banking initiative regain momentum.
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