One of the more prominent developments the industry is experiencing is the latest invasion by Canadian fintech companies targeting the hundreds of thousands of financial advisors managing the trillions and trillions of dollars in investable assets residing in the U.S. The most recent example of this PE and VC money crossing the U.S. and Canadian borders is CapIntel, which focuses on day-to-day workflows and fund analysis for financial advisors and is opening up shop in the U.S. CapIntel recently announced $11m in Series A funding led by New York-based FinTech Collective with participation from Fengate Asset Management on behalf of its investor, the LiUNA Pension Fund of Central and Eastern Canada.
“We are seeing more and more established and startup technology companies from Canada now entering the U.S. market,” said Joel Bruckenstein, industry tech guru and producer of the T3 technology conferences.
https://www.thinkadvisor.com/2022/08/01/the-next-fintech-movement-coming-to-america/