Viviplan receives $65,000 from BMO-DMZ FinTech accelerator Demo Day

DMZ-BMO Fintech Accelerator first place winners, Viviplan

BMO and the DMZ at Ryerson University have announced the winners of the DMZ-BMO Fintech Accelerator Demo Day.

Of the four finalists, Viviplan, a company that automates high-end financial plans, took first place and received $65,000. Fortuna.ai, an artificial intelligence platform that automates business development, came in second with a prize of $35,000.

“We look forward to continuing to work with the winners and exploring how we can couple their technologies within the bank’s existing systems and platforms to enhance the customer experience and deliver more industry-leading solutions to market quickly,” said Andrew Irvine, head of Canadian business banking and BMO partners.

The DMZ-BMO Fintech Accelerator was created in May with the goal of helping top Canadian FinTech startups expand through four months of incubation and mentorship.

During the incubation, the entrepreneurs were offered a variety of resources including free residency at the DMZ, access to advise from venture capitalists and C-level individuals, learning opportunities at BMO- hosted sessions on macroeconomics and industry trends and insights, and more than 60 hours of mentorship from BMO executives.

“This has been one of our greatest surprises given the caliber of the competition in this year’s DMZ-BMO Fintech Accelerator,” said Rona Birenbaum, co-founder and CEO of Viviplan. “The DMZ’s commitment to building bridges between BMO and the best-in-class fintech startups has helped us further develop our product and accelerate our growth in an amount of time that would’ve been impossible anywhere else.”

Aeman Ansari

Aeman Ansari

Aeman Ansari is a freelance writer who has been published in many Toronto-based publications, including Hazlitt and Torontoist. When she’s not re-watching Hitchcock movies, she’s working on her collection of short fiction inspired by stories from her grandmother, one of the few women in India to receive post-secondary education in English literature at the time.