Fintech Cadence announces financial support from Canada Economic Development for Quebec Regions dedicated to entrepreneurs in the Montreal fintech community.
This non-refundable contribution of $400,000 will be used to expand the Fintech Hub and support 125 entrepreneurs and startups.
MONTREAL, April 5, 2022 /CNW/ – Non-profit fintech incubator and ecosystem development organization Cadence Fintech received a $400,000 Canadian Economic Development for Quebec Regions (CED) grant to expand the reach and reach of the Fintech Hub, one of their flagship programs. This program aims to help startups and start-up founders everywhere Canadawith an emphasis on Quebec region, to develop foundational knowledge, connect to peers and access industry leaders to build, scale and scale their solutions.
The Fintech Hub will serve pre-Series A startups that are using technology to create a more accessible, dynamic and diverse financial products and services landscape in Canada. Applications for the Rolling Admissions Program are now open.
The expanded program will improve the Montrealbase organization’s ability to deliver high-quality, customizable programming that is easily scalable. The program’s soft “choose your own adventure” approach with no cost and no capital will allow them to serve more than 100 high-potential startups or founders each year. Registered startups have access to monthly business fundamentals workshops and program partner office hours, peer-to-peer learning opportunities, lunch and learns from successful Canadian startups, and vendor credits. free services. The model allows startups to access the support they need when they need it. All elements of the program are fully virtual and operate on a rolling enrollment basis.
The grant recognizes the growing strength of Quebec the fintech ecosystem and the importance of a strong support pipeline. In particular, Fintech Cadence hopes the program can help reduce barriers to entry for founders from underrepresented groups.
“Financial technologies, a booming innovation sector, play a key role in the Quebec and the Canadian economy. By supporting Fintech Cadence and its Hub, our government is promoting the launch of start-ups under optimal conditions, by giving them access, among other things, to mentoring and technical assistance to structure their operations. With this support, we demonstrate our commitment to preparing for the recovery of our economy and our positioning on the international scene. »
The Honorable Pascale St-Onge, MNA for Brome–Missisquoi, Minister of Sports and Minister responsible for CED
“At Fintech Cadence, we believe Quebec has all the elements of a world-class fintech ecosystem,” says Layial El-hadi, Executive Director of Fintech Cadence. “The Fintech Hub will help the market realize its full potential by providing inclusive, accessible and world-class support for ambitious and talented people. fintech founders. We are incredibly excited to announce the Fintech Hub and look forward to seeing more and more Quebec and Canadian founders flourish. »
SOURCE Fintech Cadence
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