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Canadian fintechs shine as investments near record

Venture capital financing in these Canadian firms was US$137.7m in 2016, up more than 35% on the year

Fintechs, or companies that use innovative technology to revamp everything from banking to fraud security, globally draw billions in investment annually.


VENTURE capital-backed investment in Canadian financial technology companies hit its highest level in almost two decades last year, even as the flow of funds into major fintech markets such as the United States declined, according to sector data.

Fintechs, or companies that

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