Calgary, Alberta–(BUSINESS WIRE)–Two Calgary-based fintech companies, Fillip and Miq, were announced as the winners of the inaugural Digital Commerce Bank Calgary Fintech Award on October 14, 2022. The winners have accumulated prizes of more than $300,000 in cash not dilutive.
The Calgary Fintech Prize is the largest fintech prize in North America offered through a partnership between Digital Commerce Bank (DCBank) and Platform Calgary. DCBank has committed $1 million over 4 years to support fintech startups through the Calgary Fintech Award. Band Capital Partners contributed $60,000 this year, which funded the runner-up prize.
The award champions and celebrates fintech companies that demonstrate clear innovation and a strong value proposition for the Calgary region through job creation, economic growth and diversification.
In its first year, 45 fintech startups from across Canada applied for the award and 24 were selected to participate in the program. In addition to competing for the non-dilutive cash prize, participants benefited from 3 months of fintech-specific workshops, mentoring sessions with world-class advisors, pitch coaching and performance assessment. ‘company. In early October, 11 finalists were selected and narrowed down to the top 5 finalists including: Credit App, Fillip, Miq, PayShepherd and The Smart Benefit by YRPlans, who presented the final pitches live at the Platform Calgary Innovation Center for judging. . panel of fintech experts and entrepreneurs from across Canada.
Fillip, the first digital payment platform designed for corporate fleets to allow drivers to pay for fuel and maintenance expenses with a secure digital wallet, received the top prize of $250,000. “For us and for Calgary, this award is an opportunity to shine – to demonstrate to the world that Calgary is the best place to start, scale and succeed in technology and business,” said Alice Reimer, CEO of Fillip .
Miq, a financial platform that allows community cooperatives to pool funds, save and build credit, received the second prize of $60,000. “We saw the opportunity to tap into the ecosystem and be part of the Calgary community,” said Jonah Chininga.
“In the inaugural year of the Calgary Fintech Award, we have seen an impressive number of quality entrants. We look forward to continuing to support the Canadian fintech community and giving back to our industry and our community,” said Jeffrey Smith, CEO of DC Bank and founding sponsor of the Calgary Fintech Award.
Platform Calgary is an impact organization whose members are technology companies large and small, united in a vision of inclusive and innovation-driven prosperity for Calgary. Platform Calgary brings together the resources of Calgary’s tech ecosystem to help startups get started and grow at every stage of their journey, from ideation to scale. The goal is to make all parts of the Calgary startup ecosystem better resourced, connected, efficient and prominent.
For more information about Platform Calgary, visit: platformcalgary.com
Digital Commerce Bank
Digital Commerce Bank is a technology-focused 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 companies to offer their own financial and payment solutions. The Bank’s proprietary banking-as-a-service and payment solutions, along with simple APIs, provide customers with efficiency, flexibility and convenience when it comes to integrating services directly into a company’s product. The Bank is a member of Payments Canada and a principal member of Interac, Visa and MasterCard.
For more information on Digital Commerce Bank, please visit www.dcbank.ca