TLDR:
Global startup accelerator Plug and Play is entering Canada’s fintech market with Visa Canada as a founding sponsor. The partnership aims to capitalize on the significant potential of Canada’s fintech industry, which is expected to grow at a compound annual rate of 25% through 2029. Plug and Play has opened offices in Mississauga, Calgary, and Edmonton and has more than 400 corporate partners worldwide.
Visa Canada has teamed up with startup accelerator Plug and Play to enter the Canadian fintech market. The partnership aims to tap into the potential of Canada’s fintech industry, which is projected to experience substantial growth in the coming years.
Plug and Play, based in Silicon Valley, has established a presence in Canada with offices in Mississauga, Calgary, and Edmonton. The accelerator focuses on various sectors, including fintech, sustainability, health, and food supplies.
Visa Canada’s partnership with Plug and Play builds on its existing fintech program in the United States, where it has launched initiatives aimed at promoting diversity and inclusion in the sector. The company sees significant opportunities in Canada’s fintech market and is committed to fostering innovation and collaboration in the industry.
Plug and Play has over 400 corporate partners worldwide and operates in more than 50 locations across five continents. The accelerator aims to drive growth and innovation in the startup ecosystem by connecting startups with corporate partners, investors, and mentors.
The Canadian fintech industry is expected to grow at a compound annual rate of 25% through 2029, creating a significant opportunity for players in the market. Visa Canada’s partnership with Plug and Play signals its commitment to fostering innovation and driving growth in the industry.
By entering the Canadian fintech market, Plug and Play aims to support and nurture startups in the country, providing them with access to resources, networks, and mentorship. The accelerator believes that Canada has strong potential for fintech innovation and aims to play a key role in supporting the growth of the sector.
The partnership between Visa Canada and Plug and Play is a strategic move to capitalize on the growing fintech industry in Canada. It highlights the increasing interest and investment in the sector globally and signals the potential for further collaborations and partnerships in the future.
