Four Canadian startups won investment funding at the FinTech Startup Pitch Contest on Tuesday, Canada FinTech Forum host Finance Montreal has announced.
OWL.co, a banking and insurance salesbot, and Symend, a debt recovery platform for telecom companies, banks and utilities, each won a $25,000 jury prize awarded by Finance Montreal. Symend is also receiving a $150,000 investment offer from Luge Capital, Finance Montreal says.
Consumer-facing mortgage app Nesto was awarded the public’s choice prize of $15,000 from Mackenzie Investments, and Lendified, a platform for small-business loans, received a combined $300,000 in investment from Luge Capital and BDC Capital and a $15,000 package of communications services from Edelman Montreal.
“I would like to highlight the excellent performance of the ten finalists and congratulate those who won the prizes offered by our partners,” Matthieu Cardinal, Finance Montreal’s vice president, fintech development and corporate affairs, says in a statement.
The 10 finalists were chosen from 118 startups from Canada, the United States, Europe, Asia and Africa, Finance Montreal says. The panel of judges at the FinTech Startup Pitch Contest was made up of: Peter Holt Dunn (Holdun Family Office), Laviva Mazhar (Luge Capital), Chris Betz (Morgan Stanley), Nancy McCuaig (IGM Financial), Sebastian Boisjoly (Investissement Québec) and Stephanie Choo (Portag3 Ventures).