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Investors in Canadian fintech made 47 deals with a total value of just under US$1 billion in the first half of 2026, down from the US$1.7 billion invested across 82 Canadian fintech deals in the first half of 2025, according to data compiled by PitchBook for KPMG in Canada. (The Logic)
Talking point: Venture capital investors across sectors made fewer, but bigger, bets in the first half of 2026, a trend that held true for fintech as well. Canadian fintechs Nesto, Koho and Float all announced fundraises between $85 million and $302 million in the first half of 2026. In a release, KPMG partner Dubie Cunningham said Canadian fintech investors are “applying more scrutiny” to deals, looking for firms that are well positioned to take advantage of AI and upcoming regulatory changes like open banking and the Real-Time Rail instant payments system. AI-focused fintechs accounted for 19 of the 47 deals, more than any other category, with digital assets coming in second with eight deals.
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