Toronto is well and truly the fintech capital of Canada , with over 600 fintech firms and 12,000 financial services companies in the region . Of Toronto ’ s 380,000 + financial services professionals , over half are women – making it a leader in equality among Western fintech hubs . The region is also home to a large concentration of AI startups , and AI is one of the key technologies leading digital transformations at financial services institutions . Toronto has been hailed for its ability to develop talent and new services . Promoting innovation , fintechs operating in the region are big on consumer protection .

The Silicon Valley of India , Bengaluru is the home of fintech startups in India . The city saw 89 fintech startup deals struck in 2022 alone , beating major Indian cities Delhi and Mumbai per fintech deal count and funds raised . The city ranked as India ’ s most concentrated region of high-growth tech startups and one of the highest in all of Southeast Asia . In the Financial Times ’ list of High Growth Companies in Asia-Pacific , 14 were from Bengaluru . The city is also attracting significant foreign direct investment ( FDI ), capturing US $ 17bn funding for startups between October 2019 and December 2021 alone .

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