Canada’s fintech sector secured a record $9.5 billion in 2024, fueled by major deals like Nuvei’s $6.3B take-private transaction and Plusgrade’s $1B private equity investment, according to KPMG’s H2’24 Pulse of Fintech report. Excluding these, fintech investment still doubled year-over-year, surpassing $2B.
The most active sectors included crypto/blockchain (34 deals), AI (19 deals), and payments (14 deals). Venture capital remained strong, with $1.09B invested across 90 deals, including rounds for Koho and Neo Financial. KPMG predicts continued fintech growth, though private buyouts may increase as public companies seek regulatory relief.
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