10 Best fintech stocks in canada investing news network best exchange rate usd to inr

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The saying “slow and steady wins the race” is defined as meaning “consistent, effective effort [that] leads to success,” and at the rate the Canadian fintech market is growing, the same interpretation could certainly be applied to the country.

For instance, financial technology usage in Canada has nearly doubled over the last 18 months or so, the Globe and Mail reports, but in the grand scheme of things it has been relatively slow in adopting the service. The Globe further states that only 18 percent of “digitally active Canadians” have used more than two fintech services this year compared to 33 percent globally math smartboard games. That being said, however, a reported called “ EY FinTech Adoption Index 2017” highlights that fintech in Canada will increase, with a future adoption rate of 34 percent compared to 52 percent globally.


With that in mind, here are 10 of the best fintech stocks trading on Canadian exchanges for investors looking to jump into this growing sector. The companies listed below have market caps of less than $500 million and all numbers and figures are current as of August 30, 2017.

Our first best fintech stocks company is BTL Group, formerly Northern Aspect Resources, now focuses on developing blockchain technology solutions for a wide range of businesses, but mostly in the finance, energy and gaming industries.

The company’s flagship product, Interbit, enables applications to be built, managed and operate on a blockchain, allowing access to control to keep data private and restricted and scalability through other blockchain networks futures market hours today. Cortex Business Solutions (TSXV: CBX)

Cortex Business Solutions operates as a network-as-a-service company that enables electronic invoicing to a wide range of industries, including oil and gas, mining, waste management, construction, sports and entertainment.

The company’s Cortex Technology Partner Program was designed to strengthen its customers’ investments in Procure-to-Pay software, and also provides training and education for the Cortex Web-based portal called Workbench, its draft partial integration called Workbench enhanced, and full integration called machine-to-machine. First Global Data (TSXV: FGD)

Established in 2005, First Global Data is a licensed Money Service Business (MBS) with listings in Canada and 28 US states us dollar news today. By the end of 2017, the company expects it will be fully licensed in the remaining states.

First Global Data operates through two main lines of business: mobile payments and cross border payments the millionaire. Its technology allows the conversion of domestic and cross border payments, Peer to Peer, Business to Consumer, and Business to Business payments.

In August, the company announced it had secured two more US licenses. According to the press release, First Global Data has 24 licenses and 2 certificates of authority to conduct business in 26 US states fraction worksheets 3rd grade. Glance Technologies (CNSX: GET)

Glance Technologies launched in September 2016, and its flagship product Glance Pay offers mobile payments in restaurants. Through the app, its customers can pay their restaurant bills, access records, receipts, awards and even rate restaurants.

Since its launch, more than 230 restaurants have begun us ing the mobile pay app, including Ricky’s restaurant which was announced on August 22. The Investing News Network (INN) had the opportunity to speak with Penny Green, COO and co-founder of Glance Technologies, who said the company has branched out to other industries as well, and said Glance Technologies wants to be a “game-changer.”

Since then, Glance and Active Pay entered into a $1 million licensing agreement, and Glance also announced an in-app digital offer concept available to merchants and business partners.

GoldMoney is a slightly different fintech company in that its mission is to make gold and precious metals accessible to anyone free language translator app. Its holding features allow users to buy, sell and hold physical gold, silver, platinum and palladium bullion online as well as spend or withdraw cash directly from the company’s Goldmoney Holding with the Goldmoney Mastercard prepaid card. Reserves can be held or exchanged in up to nine currencies, including USD, GBP, CAD, CHF, JPY, NZD, HKD, and AUD without having to pay foreign exchange fees.

The Goldmoney holding is a custodial account with allocated, segregated, and physically redeemable bullion that belongs to someone, and has low risk and costs define futures market. MOBI724 Global Solutions (CNSX: MOS)

Our next best fintech stocks company is MOBI724 Global Solutions, a company that provides digital incentives such as card-linked offers and digital marketing, ranging from mobile payment, loyalty programs and data analytics.

Mobi724’s solutions allow its users–be it card issuers, banks, or retailers–to create, manage, deliver and track and measure incentive campaigns all around the world.

On August 29, Mobi724 released its Q2 2017 financial results, highlighting a 29 percent increase in revenue to $782,000, compared to $605,000 in 2016 new funny jokes in urdu 2016. Mogo Finance Technology (TSX: MOGO)

Mogo Finance Technology is focused on assisting its customers get control of its financing. Users can sign up for a MogoAccount to access free credit score monitoring, the Mogo Prepaid Visa card, and personal loans.

In early August, Mogo announced it had reached 450,000 members–an increase of 54,000 from 396,000 reported at the end of March binary translater. NamSys (TSXV: CTZ)

NamSys is in the business of developing and producing currency inventory management and control systems for financial institutions, retailers, currency carriers, casino and transit operators, and a number of government agencies.

Namsys’ Currency Controller is a cash vault management and logistics system that manages a range of cash processing for banks and cash-in-transit providers, while its Cirreon platform includes bank integration, reconciliation, and multi-vendor support to name a few. Peak Positioning Technologies (CNSX: PKK)

Peak Positioning Technologies is a development-stage information technology portfolio management company that develops and operates fintech platforms that digitize, automate and bring the supply chain management of a number of Chinese traditional businesses to the web.

In addition, Peak Positioning Technologies’ platforms allow for tracking, recording and analysis of every transaction associated with moving and storing raw materials. VersaPay (TSXV: VPY)

Rounding out our best fintech stocks in Canada list is VersaPay. The company operates through two segments: VersaPay Solutions and Point of Sale Merchant Services usd cop. The VersaPay Solutions segment focuses on electronic invoice presentment with ARC Software and develops value added payment technologies, including PayPort and VersaPay Gateway.

The company’s VersaPay ARC product is its leading solution that streamlines accounts receivable with a centralized platform and customers for invoicing, collaboration and payments.

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