With a focus on everything from revolutionizing the housing and renovation industry to streamlining credit applications and optimizing the capital raising process, the finalists are redefining the financial landscape across Canada.
Among the 12 fintechs competing for over $300,000 in non-dilutive cash are five from Calgary – Credit App, DealPoint, Periculum, Propra, and Quickly.
A subsidiary of Quantifi, Credit App has a goal is to redefine the connection between automotive dealerships and lenders, bringing innovation through their credit application platform to an industry calling for change.
CEO Evan Ferguson credits the award and associated support as pivotal in driving this change, spotlighting the invaluable role of fostering local innovation.
Diving into the complex world of raising private capital, DealPoint emerges as a beacon for those navigating this intricate journey. DealPoint’s platform digitizes investor onboarding and investment execution, bringing efficiency to the complicated, paper-based fundraising process.
As a Calgary-based company, Co-Founder Sandi Gilbert says that helping other entrepreneurs is in Calgary’s DNA, making it a unique place to build a fintech startup.
Periculum is an African-focused artificial intelligence and machine learning company that builds data analytic software solutions to help African organizations make better decisions. The company is solving access to credit for immigrants and newcomers to Canada by augmenting banks’ current credit assessment processes with their AI and ML data analytic software.
For CEO Michael Collins, building for social good is a priority, stating, “Our software solutions empower financial institutions to assess the creditworthiness of immigrants, newcomers and international students.”
Propra is navigating the realm of autonomous property management. The potential to focus on growth while technology handles administrative tasks is at the core of Propra’s vision.
For CEO Al-Karim Khimji, recognition as a finalist underscores their commitment to impact, stating that, “Being named a finalist is exciting because it shows that we are tackling a real problem and approaching that problem with a differentiated solution. It fuels Propra’s confidence to continue our focus on a meaningful large-scale impact for all Canadians and soon across the border.”
Calgary.tech named Propra one of 10 Homegrown Calgary Startups to Watch in 2023.
Quickly Technologies is an “Earned Revenue Access” technology that lets small and medium businesses take control of their working capital by solving credit terms and getting them paid for their verified invoices.
CEO Kyle Friedman has high praise for Calgary’s fintech ecosystem, noting that Quickly has already benefited from Calgary’s top-tier talent and robust local banking resources, saying, “Our small yet agile team has achieved remarkable feats and forged a pivotal partnership with ATB, underscoring our capacity for impactful innovation.”
The top five selected startups will have the privilege of live-pitching to a distinguished panel of judges, competing for the grand cash prize. The winners will be unveiled during an Award Gala scheduled for October 4th 2023 in Calgary.