Wealthsimple and Koho CEOs talk productivity, entrepreneurship, and financial innovation

Two Canadian fintech leaders are telling founders to get back to work.

The first INNOVATEwest concluded a few weeks ago, and like SAAS NORTH, BetaKit was happy to host a great Canadian tech conversation on the BetaKit Keynote Stage for our friends across the Best Coast.

I think it would be a mistake to further reduce Canada's competitiveness at a critical time for us to embrace competition and productivity.

Michael Katchen, Wealthsimple

Like the hearth conversation I had with Wealthsimple CEO Michael Katchen and Koho CEO Daniel Eberhard. The talks come at an awkward time, designed to put a check on two companies disrupting Canada's financial industry. It came hours after the Canadian Payments Bureau announced that real-time rail would not be available for industry testing until 2026, and hours before the proposed budget. It will drop in 2024.

The news sandwich scenario allowed me to appease the comments on both. Mr. Eberhardt noted that the delay is emblematic of Canada's financial services ecosystem, and Mr. Katchen said he is very nervous that the reported capital gains tax changes will ultimately come to fruition.

But the real focus of the panel was a meta-conversation that delves into the productivity, competition, and entrepreneurship(?) issues plaguing this country. By all accounts, Katchen and Eberhard were insightful yet optimistic, the former reminding the founders of their naive ambitions. Mr. Eberhardt's instructions were more direct: “Get back to work.”

So what is the state of productivity, competition and entrepreneurship in Canada? Let's dig deeper.

Powered by BetaKit Podcasts is brought to you by Osler, Hoskin, Harcourt LLP.

Osler, Canada's leading law firm serving startups, high-growth companies and investors, releases its third annual survey of 486 anonymized Canadian venture capital and growth equity finance companies. did.

Read the Deal Point Report: Venture Capital Funding.

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The BetaKit Podcast is hosted by Douglas Soltys and Rob Kenedi. Produced and edited by Kati Ra. Feature image courtesy of INNOVATEwest.

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