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BioConnect, GainX, Jauntin, LendingArch & Perfiqt

Check out the March 2017 edition of the Fintech Five.

PayPal gives people better ways to connect to their money and to each other, helping them safely access and move their money and offering a choice of how they would like to pay or be paid.

The Fintech Five powered by PayPal profiles five of the hottest and most promising financial technology companies across Canada each month. The list is curated by Techvibes editorial staff and reflects who is making waves in our nation’s fintech ecosystem right now.

 

FintechLogos_v3march15Toronto’s BioConnect provides a platform that allows people to authenticate with unique credentials such as their face, eyes, heartbeat, or fingerprint. It is a technology company with a different approach to “identity.”

The BioConnect Identity Platform provides secure biometric authentication that works across any channel. Consumers want to decide whether to capture their fingerprint, be prompted to speak, scan their eyes, or enter a password; merchants and banks need choices in the way that consumers are authenticated—from who you are to what you do, anywhere across the globe, using any device.

 

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On a mission to become the “CRM for innovation,” Waterloo’s GainX is becoming a standard for innovation strategy management. The company’s platform helps financial services institutions achieve cultural and digital transformation by using artificial intelligence to visualize the flow of ideas across their business.

GainX was recently accepted into Microsoft Accelerator London. As the only Canadian company to participate in the Accelerator’s seventh cohort, GainX’s relationship to the software giant is helping open doors to some of Europe’s largest FSIs, with banking executives keen to learn more about GainX’s ability to better measure returns on their billions in innovation spending.

 

Jauntin is a mobile artificial intelligence platform that facilitates on-demand, usage-based travel insurance coverage. Jauntin users can get real-time quotes and sign-up for coverage in minutes as well as turn their policy on or off and submit claims in real-time. From an insurance providers perspective, the platform’s evolving AI engine continuously collects and analyzes incoming data to better predict future risk.

Last month AIG Canada announced that Jauntin was the winner of the AIG Canada Innovation Challenge, a collaboration between AIG and the Consulate General of Canada in San Francisco and Silicon Valley. 87 Canadian technology startups submitted ideas for the Challenge.

 

FintechLogos_v3march14LendingArch is reinventing the lending experience. A trusted name in Canada’s FinTech sector, LendingArch is one of the fastest-growing providers of instant financing in the country. This disruptive and positive loan product is expected to ease consumers from the over-dependence on credit cards.

This month LendingArch announced the launch of a real-time point of sale loan service for Canadian medical clinics and their patients. Using the LendingArch platform, clinics will be able to offer flexible financing for procedures such as laser eye surgery, orthodontics, cosmetic, and fertility.

 

FintechLogos_v3march12Perfiqt uses artificial intelligence and gamification to simplify finance and help millions of people answer their financial questions. Perfiqt’s mission is to give people information to empower them to make smarter financial decisions and to stand up for themselves against financial abuse.

In minutes, Perfiqt AI can build personalized financial planning experiences for those with financial questions. Perfiqt can answer any question personally and help people prepare the most comprehensive financial plans covering every aspect of their lives: house, car, travel, kids, investments, insurances, retirement, debts, and inheritance.

With PayPal‘s 184 million active customer accounts globally and 6.4 million in Canada, we have created an open and secure payments ecosystem that people and businesses choose to securely transact with each other online, in stores and on mobile devices. Want to be a part of the next Fintech Five? This list isn’t something you can apply for, but make a splash and you’re certain to get on our radar.