This year, Canada’s only business accelerator devoted exclusively to all Fintech verticals has pivoted due to the ongoing pandemic. To accelerate competition in this space during Covid-19, Holt extensively analysed the current market conditions and identified 4 key verticals for which Canada’s ecosystem has shown a considerable appetite:
• Cybersecurity; The needs here are immediate given the increase in fraudulent activity under Covid-19, thus requiring new methods to mitigate cyber threats.
• Insurtech; Given premiums are now expected to face downward pressures, opportunities to reduce costs, or increase revenues for insurers are more welcome than ever.
• Property tech; pent up supply and low mortgage rates are resulting in pressure to create new opportunities in distributing loans or securitize equity.
• Trade Finance; geared towards major economic and socio-political fields like agtech and energy financing opportunities.
Read more at Finextra here!