Finance Montréal launching FinTech hub for startups

montreal

Finance Montréal has announced the creation of the Montréal FinTech Station, with support from the Government of Quebec.

The Montréal FinTech Station, which is set to open in fall 2019, will support the development of FinTech businesses and help financial institutions adopt digital practices. The space will also host conferences, workshops, and targeted meetings with key stakeholders in the FinTech space.

“This project will make it possible to develop Québec’s FinTech community and help bolster Montréal’s position as an innovative financial hub.”

“The Montréal FinTech Station will be Finance Montréal’s flagship project for years to come,” said Louis Lévesque, CEO of Finance Montréal. “It is the achievement of the team’s dedication, as well as the invaluable support of the Government of Québec, which believed in our vision and to which we owe a debt of gratitude. This project will make it possible to develop Québec’s FinTech community and help bolster Montréal’s position as an innovative financial hub.”

Finance Montréal said the new space will be headed by Matthieu Cardinal, vice president of FinTech Development and Corporate Affairs at Finance Montréal. The Montréal FinTech Station will be nearly 25,000 square feet; it is expected to accommodate between 20 and 30 startups and corporate partners.

“We hope to make the Montréal FinTech Station a state-of-the-art space that is dialed in to the global trends revolutionizing financial services,” said Cardinal. “At the Station, financial sector players of all sizes will solve real business problems. Together, we will help create the financial solutions of tomorrow, to the benefit of companies and citizens.”

Launched in 2010, Finance Montréal is a 150-member strong cluster of Quebec-based financial services companies dedicated to developing the province’s financial sector. It has groups working to develop specific sectors like investment capital, finance and technology, and entrepreneurship.

Photo via Unsplash

Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.