Finance markets

Fintech companies plan to take advantage of the industry’s strong growth potential

DUBLIN, March 14, 2022 /PRNewswire/ — The report “Canada Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2022 Update” has been added to from offer.

According to the Fourth Quarter 2021 Integrated Finance Survey, from Canada The integrated finance sector is expected to grow by 42.5% on an annual basis to reach US$4,700.8 million in 2022.

The integrated finance industry is expected to grow steadily over the forecast period, registering a CAGR of 25.2% over the period 2022-2029. The integrated financial income in the country will increase from US$4,700.8 million in 2022 to reach US$15,878.2 million by 2029.

The Canadian integrated insurance industry has gained rapid momentum over the past four quarters, mainly accelerated by the global pandemic. Consequently, insurtech companies are raising funds to stimulate their growth and expand their distribution network in Canada.

In January 2021APOLLO Insurance Solutions raised $10.6 million. Additionally, with the growing success of the Canadian insurance industry, insurtech startups are now looking to expand their services into United States. The publisher expects industry fundraising to continue to grow in Canada over the next four to eight quarters.

Integrated insurance providers are aggressively partnering with companies across all verticals to increase their market share in Canada. The Canadian integrated insurance market is also witnessing a growth in mergers and acquisitions between market players to gain a competitive advantage in the market.

While the commercial insurance space is lagging behind in innovation, the life and health insurance industry is seeing innovation from both insurtech startups and incumbent insurers nationwide. The publisher expects the commercial insurance space to see much deeper innovation over the next four to eight quarters of Canada.

The pandemic has spurred the growth of the embedded lending industry globally, and Canada is no exception. Fintech companies are raising funds to accelerate their growth and expand their distribution network to take advantage of the high growth potential of the integrated lending sector in Canada.

This funding is expected to increase further in Canada over the next four to eight quarters. Market players are also striving to introduce innovative offerings and latest technologies in the industry, which is expected to further drive the growth of the market.

In addition, the considerable reliance of SMEs on informal sources of financing and loans reflects an important role in the Canadian financing system. Market players have the opportunity to fill this gap through innovative integrated loan offerings.

CanadaThe Shopify-based e-commerce platform has already capitalized on this opportunity by introducing Shopify Capital for its merchants in Canada. Shopify is working to close the funding gap in the country and provide improved experiences for its merchants. The publisher plans an increased number of e-commerce platforms to offer in-app lending to take advantage of the huge growth opportunity prevailing in the e-commerce market in Canada.

Fintech companies are raising funds to accelerate their growth and expand their presence in the integrated payment industry. In addition, fintechs plan to take advantage of the strong growth potential of the in-vehicle payment industry in Canada. Therefore, the publisher expects fundraising activities to continue to grow in Canada in the coming quarters.

Market players are also striving to introduce innovative offerings and latest technologies in the industry, which is expected to fuel the growth of the market in 2022. International integrated payment providers are also eyeing the growing opportunities in the region. These companies partner with Canadian companies to present their offerings to Canadian customers.

In October 2021European payment provider Worldline has partnered with CanadaLivescale live shopping solution provider. As part of the collaboration, the companies will provide an integrated commerce solution with video checkout functionality that will work across social media and websites.


Canada Embedded Finance Market Size and Forecast

Canada Embedded Lending Market Size and Forecast

Embedded Loans by Consumer Segments, 2020 – 2029

  • Business loans
  • Retail loan

Integrated loans by B2B sectors, 2020 – 2029

  • Retail and consumer goods integrated lending
  • Loans embedded in IT and software services
  • Integrated loans in media, entertainment and leisure
  • Loans integrated into manufacturing and distribution
  • Loans integrated into real estate
  • Loans included in Other

Integrated loans by B2C sectors, 2020 – 2029

  • Retail Integrated Lending
  • Integrated Home Improvement Loans
  • Loans integrated into leisure and entertainment
  • Loans integrated into health care and well-being
  • Loans included in Other

Canada Integrated Insurance Market Size and Forecast

Integrated insurance by industry, 2020 – 2029

  • Insurance embedded in consumer products
  • Integrated travel and hospitality insurance
  • Integrated car insurance
  • Insurance integrated into health care
  • Integrated insurance in real estate
  • Integrated transport and logistics insurance
  • Insurance integrated into other

Integrated insurance by type of insurance, 2020 – 2029

  • Insurance integrated into the life segment
  • Insurance integrated into the non-life segment

Integrated insurance by type of offer, 2020 – 2029

  • Insurance integrated into the product segment
  • Integrated insurance in the services segment

Canadian in-app payments market size and forecast

Integrated payment by consumer segments, 2020 – 2029

Integrated payment by end-use sector, 2020 – 2029

  • Integrated payment in retail and consumer goods
  • Integrated payment in digital products and services
  • Payment integrated into utility bill payment
  • Integrated Payment in Travel and Hospitality
  • Integrated payment in leisure and entertainment
  • Integrated payment in health and well-being
  • Integrated payment in office supplies and equipment
  • Embedded payment in Other

Canada Integrated Wealth Management Market Size and Forecast

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