Canada's smaller population number has never stopped it from being the leader in the tech industry. The country has a vibrant start-up ecosystem that frequently births an array of start-ups catering to various industries. The year 2021 became a landmark year for the Canadian tech start-up ecosystem, as by the end of the third quarter, VC investments in start-ups reached a landmark of $11.8 billion, compared to $6.2 billion the previous year.
A particular sector that had the largest portion of the pie in this exponential growth was the Mobile app development sector. Today, we are looking at the fastest-growing mobile app start-ups in Canada that you need to follow right away.
Flahmingo is an app-based fintech start-up that lets users invest in larger portfolio companies through fractional investment. The app offers commission-free investment features with a minimum investment amount of as small as $1. Users can build their own portfolio called Pie, or they can invest in various slices from other pies. With various features like schedule withdrawal, lesser conversion fees, and a built-in knowledge platform, the start-up has raised CAD 1.88 million and is eyeing its app launch in Q1 2022.
Tech has always been synonymous with innovation as cutting-edge solutions. One of its kind, Big Whale Labs is a web3 Social platform. The decentralized and improved version of the web today, Web3.0, promises a more user-driven and secure internet, and Bigwhale is leading this new wave of technology with its platform. Big Whale Labs is reimagining digital identity, the social graph, and networks utilizing web3.0 technology. According to their initial product, people can create and engage as pseudonymous NFT identities with validated credentials and reputations. The start-up will use the Ethereum blockchain to build this tool.
Currently, the start-up is valued at $655K, backed by leading angel investors such as Anton Bukov and Sergej Kunz, co-founders of 1inch Network; Alex Shin, co-founder of Hashed, Korea's largest Crypto VC; and others.
Contract-based working has been around even before the internet. But increased opportunities and wider geographical reach have made the "Gig Economy" a trend. Apprehending the pains and needs for Gig workers, Moves financial offers baking solutions for the Gig Economy. We all know how unpredictable gig work can be; Moves Financial claims to be offering one convenient account for all the business hassle of solopreneurs. The start-up's app-based platform helps users map their expenses understand the income and offer financial instruments to gig workers for the rainy days. Funded by Block change ventures, moves has thus far raised $9.1 million in funding over two rounds.
Native commerce is a point where content and commerce come together. Copyblogger defines Native commerce as "an integration of media and related products and services developed and owned by the media company itself, not by outside advertisers." Bonsai has taken up the challenge to further enhance the customer experience by making the integration of content and e-commerce smoother than ever. Bonsai is an end-to-end commerce platform that helps publishers own their entire user journey right from inspiration to checkout.
If you are craving some snacks, a snack may not be an app for you. But if you're craving some cuddles and snuggles, then Snack is an app you must check out. Snack is a video first dating app that is designed keeping in mind the needs of GenZ. The app has also been called "Tinder Meets Tiktok," where the users can post videos on their timeline, which others will like, in order to get a match. The start-up last year raised $3.5 million in its seed funding. Standing true to its GenZ, It audience has also launched its own GenZ Syndicate on Angellist, which allows the GenZ community members, influencers, creators, etc., to participate in its $2 million SAFE.
Imagine you earn every time you spend, deposit, or transfer the money. Now imagine never having to make those dreaded trips to your local bank. Sounds interesting, right! Neo financial is here to make all those fancy a reality. As they say, they are bringing the future of financing today. The company currently offers two products, Neo Card and Neo Savings. The users can make unlimited free transfers, earn up to 1.3% interest on bill payments, minimum cashback up to 1%, and an average of 5% cashback on partner purchases.
Feels like a finance account that helps you earn on your expenses and savings! The start-up is currently valued at CAD 9.4 billion after raising $64million from its B series funding.
These were some of the fastest-growing and appealing start-ups that are based out of Canada but reshaping the world with their innovation - one app, one feature at a time. Which one are you going to follow or install? Let us know in the comment section.
Nobody gets paid for being on their phone and playing games is an old notion. Today, we have so many apps and games that reward the player or user. Mistplay is one such app. They claim to be #1 loyalty program for mobile gamers. The user will have to discover new games, play and collect the units, which can be redeemed for some amazing rewards. With their unique interface, the company aims to facilitate both the end-players and businesses, game design studios, etc.
Through their first round of seed funding, Mistplay has raised CAD 550K till date, and are incubated by NEXT Canada
The Health and Wellness sector saw some spectacular innovations through technology. Be it discovering new vaccinations, or understanding the complex viruses, or even fighting previously existing illness; we had many great innovations come to life. The technology has certainly penetrated in the medicine industry as well, and the Dialogue app is a live example of the same.
Dialogue app is a telemedicine + virtual healthcare platform serving businesses and large enterprises. The company aims to provide a powerful suite of health benefits to empower organizations and their employees. Dialogue app was founded in 2016, and has raised CAD 60 Million till date.