Calgary, Alberta – (COMMERCIAL THREAD) – Digital Commerce Bank (âDCBankâ or the âBankâ) today announced that it has signed a Memorandum of Understanding with Platform Calgary (âPlatform Calgaryâ) regarding an initiative to launch an annual Fintech Award of $ 1.0 million in Calgary (the âFintech Prizeâ or the âPrizeâ). Through this partnership, the Bank will be the title sponsor of the Fintech Award and, together with Platform Calgary, will aim to accelerate the growth of fintech startups and transform Calgary into a global hub for fintech innovation.
The award is intended to provide a non-dilutive cash award and additional services to startups working in fintech ($ 500,000 for the first nominee and $ 250,000 each for the second and third finalists.) DCBank is leading the award with a financial commitment of $ 1 million over four years, and with Platform Calgary, they are currently working to engage additional financial contributors and other partners to develop a world-class fintech awards program for Calgary.
âWe are delighted to launch this innovative, non-dilutive annual fintech award with Platform Calgary,â said Jeffrey Smith, President and CEO of the Bank. âDigital Commerce Bank is headquartered in Calgary, and we believe Calgary offers businesses, employees and shareholders great benefits, and this initiative will showcase Calgary’s unique opportunities.
Scheduled to start the application process in the first quarter of 2022, the award will also include discounted mentoring, programming and service opportunities for attendees.
âPlatform Calgary is laser-focused to make Calgary a global hub for startups and innovation. Collaboration is at the heart of the way we work, and this visionary partnership with Digital Commerce Bank promises to be a game-changer for both our city and the trajectory of the winners. Digital Commerce Bank and their team have shown they know how to build high growth businesses right here in Calgary, and we couldn’t be happier to help them pay it forward.
Platform Calgary brings together the resources of Calgary’s tech startup ecosystem to help startups and innovators get started and grow. Through collaboration with partners, targeted programs and a specially designed house for innovators, Platform Calgary is the hub for technology-driven economic diversification and job creation in the Calgary market. For more information on Platform Calgary, please visit their website at: www.plateformecalgary.com.
Digital Commerce Bank
Digital Commerce Bank is a technology-driven Canadian Schedule 1 bank offering robust and secure payment technologies. The Bank’s technology platform provides innovative payment and banking solutions to its corporate clients, enabling businesses to offer their own financial and payment solutions. The Bank’s proprietary payment and banking-as-a-service solutions, along with simple APIs, provide customers with efficiency, flexibility and convenience when it comes to integrating services directly into a business product. The Bank is a member of Payments Canada and a primary member of Interac, Visa and MasterCard. For more information about Digital Commerce Bank, please visit their website at www.dcbank.ca.