Last year, MaRS launched its FinTech cluster to address the need for FinTech startups and financial institutions to work together. Since then, MaRS has steadily announced several partnerships with a few big names including Tangerine and TMX.
Today, the company announced its latest partnership with Square, which will work with the cluster to connect with startups disrupting payment technologies.
“We’re thrilled to partner with MaRS and be a part of the thriving Canadian FinTech community,” said Cathy Vigrass, head of Canada at Square. “We’re continually investing in Canada, both through our talented engineering teams in Toronto and Kitchener-Waterloo, and through our growing suite of services for developers and small business owners. We’re excited to work with MaRS to strengthen our investment in the local FinTech ecosystem.”
Square has shown a keen interest in Canadian tech talent, as it continues growing engineering teams in its Toronto and Kitchener-Waterloo offices, on top of its acquisition of Toronto-based Kili Technology, a company that develops silicon, electronics, and software that simplify and optimize payment processing.
“Square’s partnership with MaRS expands the resources and opportunities available to our fintech community,” said Adam Nanjee, Head of financial technology at MaRS. “The San Francisco company now has two offices in the region and has already acquired a local tech company, we’re delighted that they are coming onboard.