Technology is one of Canada’s biggest and most innovative market sectors. Generating $96 billion in economic value every year1, it represents 5.1% of the overall economy.
There are many different sub-sectors within the technology sector. The marriage of technology and financial services has created one of the most important ones. In Canada, fintech is one of the fastest-growing markets
In fact, many Canadian investors have exposure to fintech whether they know it or not, through index ETFs that hold shares of tech companies which are delving into the fintech industry, like Shopify Inc.
So, what is fintech, and why is it such a big part of Canada’s tech scene? Let’s break it down.
What are fintech stocks?
Fintech is short for ‘financial technology’, and it can refer to any technology that facilitates delivering financial services, like big bank apps, but it usually refers to smaller “disruptive” players in finance….
