Fintech

Innovating on the global financial

stage

Waterloo is part of the #3 financial hub in North America - the Toronto-Waterloo Corridor - with fintech startups, scale-ups and industry leaders collaborating on everything from Web3 infrastructure to next-generation insurance platforms. Our fintech ecosystem is anchored by some of Canada’s most storied financial leaders including Sunlife, Manulife and TD Bank.

Feature Sheet

A one page overview of the most important info about Waterloo's Fintech ecosystem

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Waterloo at a Glance

Waterloo is the top-ranked small tech talent market in Canada, according to CBRE

70+

Work with more than 70 Waterloo fintech companies and dozens of research labs and commercialization hubs

5th

Waterloo has the 5th highest employment per capita in the finance and insurance workforce in North America

The Toronto-Waterloo Corridor is the #1 ranked fintech ecosystem in Canada

Tech Talent

Hire from the
highest-quality
tech workforce in
Canada

Waterloo’s world-class tech-centric academic institutions, including the University of Waterloo and Wilfrid Laurier University, fuel a rich talent pipeline for fintech companies. Our two universities also offer a unique Business Administration (BBA) and Computer Science (BCS) double degree program to produce graduates at the intersection of technology and finance.

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Ecosystem

The future of
finance is
happening in
Waterloo

Whether you’re in insurance, finance or banking, you’ll find support in Canada’s most dynamic tech ecosystem. There are more than 70 companies working in operational and financial services, cybersecurity, big data and blockchain. We’re also home to amazing fintech innovation labs like TD Labs.

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Download Fintech Ecosystem Map

Get a full list of
fintech companies
working in
Waterloo

With a long-established presence in the business and financial services sector, Waterloo has uniquely positioned itself as a leader in the convergence of the financial and technology sectors. A key player in the Toronto-Waterloo Corridor, home to the #3 financial sector and third largest tech cluster in North America, Waterloo is inventing the future of fintech.

Tech Density

The third

largest

technology

cluster in North

America

From the finance capital of Canada in Toronto to the insurance capital of Canada in Waterloo, Waterloo’s strategic location means you can tap into the best talent and biggest markets in Canada. There’s a reason Toronto-Waterloo was #7 on Startup Genome’s list of the world’s top fintech ecosystems.

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Here’s what you’ll find in the Toronto-Waterloo Corridor:

15,000+ tech companies
5,200+ startups
More than 343,000 tech workers
16 universities and colleges
9.1 million people speaking 190 languages
$432+ billion economy

Our Support
Ecosystem

Surround your business with the

best minds in fintech

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Centre for Accounting Research and Education

Located at the University of Waterloo, CARE contributes to the areas of fundamental and applied accounting research and education.

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Accelerator Centre

The Accelerator Centre is Canada’s #1 ranked private business accelerator that helps founders rapidly bring their innovation to life.

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Communitech

Built by founders for founders, Communitech is Canada’s leading innovation hub, supporting a community of more than 1,200 founders.

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They Choose
Waterloo

From global leaders to

the next big thing, these

companies are building

the future in Waterloo

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" With Waterloo being globally recognized as a tech innovation hub, we’re excited about the sheer number of highly-skilled, talented professionals who are coming out of the region. "

Tim Hogarth

VP of Innovation Framework & Strategies, TD Bank