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ARTICLE · 16 FEBRUARY 2023

The State Of FinTech: Commercial And Regulatory Update

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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The fintech sector remains strong in Canada, with new regulations and innovative technologies continuously emerging. With change being a constant, it's important for companies in the industry...

CanadaTechnology
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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The fintech sector remains strong in Canada, with new regulations and innovative technologies continuously emerging. With change being a constant, it's important for companies in the industry to stay up to date on the latest legal and business trends.

Below are some key highlights from our recent fintech webinar that you should be aware of.

  1. FinTech Exits. According to data obtained from the PitchBook deal database in December 2022, fintech exits have been on the decline. In 2021, there were 83 Canadian fintech exits for a combined value of C$7-billion. In 2022, there were approximately 51 exits for a combined value of C$125-million. This signifies an increase in distressed sales and that high-value companies are biding their time for better days.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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