Exit North Ventures plans to be “aggressive” with investments in fintech

Exit North Ventures, a venture capital firm that launched in November to back early-stage fintech startups across Canada, is ready to start deploying capital after a year of fundraising for its Fund I. 

The outfit intends to write cheques ranging from $250,000 to $1 million for pre-seed and seed-stage companies, primarily those in B2B sectors such as capital markets, insurance, lending, payments, treasury, and wealth. This year, it plans to be “aggressive” with investments, given changes between 2023 and 2024 that it believes will benefit its portfolio companies. These include increased IPO and M&A activity, lower interest rates, and regulatory clarity in areas like open banking (which allows third parties to access consumer banking data with consent) and real-time payments (transactions that are processed and settled instantly, while traditional methods can take hours or days to clear).