Portage

Portage Partner Devon Kirk sat down with Amber Kanwar on BNN Bloomberg to explore the exciting growth of fintech in Canada. Devon highlighted AI's opportunities to enhance productivity, revenue generation, and risk management, emphasizing the advantage of data access. Tune in to catch her insights into the transformative impact of AI in financial services, the dynamic later-stage fintech market, and the outlook for fintech IPOs. Watch the full segment here: https://lnkd.in/eTZYbZwn

Portage Partner Devon Kirk recently joined Edward Ludlow on Bloomberg Technology to discuss the fintech growth equity market in the US and Europe. Here are some of Devon's key insights: ➡️ Investment activity in growth-stage fintechs is expected to increase with recovering B2C valuations and more optimism on the M&A and IPO markets ➡️ AI is already providing significant opportunities for productivity improvements, but over the long-term access to data will be a more important differentiator ➡️ Technology that improves efficiency and accuracy of compliance processes (RegTech) is critical to enabling innovation in financial services Watch Devon's full interview on Bloomberg: https://lnkd.in/e6G5ay9q

Congratulations to nesto on this significant acquisition! We're thrilled to see nesto leading the charge in revolutionizing the Canadian mortgage and fintech ecosystem.

From investment strategies to management partnerships, Devon Kirk explored Portage’s approach on Northstar's Private Equity Fast Pitch® with Jeff Henningsen. ⚾️ Devon reveals how sector focus and quality management drive Portage's FinTech investments, including B2B SaaS, embedded payments, and consumer finance. Plus, get career advice for women in private equity. For more details, catch the full episode here: https://lnkd.in/gd_9W3yi

Last week, Victoire de Lavigne, Principal at Portage, shared her insights at Viva Technology alongside Déborah Loye from Eurazeo and Gülsah Wilke from DN Capital. The panel discussion, "Driving Change: The Role of DEI in Venture Capital," explored the origins, future, and transformative impact of DEI on venture capital. They emphasized the importance of tracking diversity in deal flow and portfolios, especially at the founders and C-level, as diverse leadership is key to future innovation. 💡

Congratulations to CoverTree and CEO Adarsh Rachmale on the successful close of a $13 million Series A funding round, led by Portage . CoverTree is set to revolutionize its category by providing affordable insurance solutions to the growing manufactured housing economy. "With a growing market and the need for affordable housing greater than ever, we are confident in CoverTree's ability to drive positive change in the insurance landscape and are excited to support their journey," said Adam Felesky, Co-Founder and CEO at Portage. Read more about the news here: https://lnkd.in/eacYtn-R

"Midas is leading a wave of transformation within Turkey’s financial landscape. Globally, Portage invests in transformational financial technology and Midas is poised to lead that initiative in a region of early adopters,” shared Paul Desmarais co-founder of Portage and CEO and Chairman of Sagard. We're excited to announce that Midas has successfully raised a $45M Series A, led by Portage. This funding will enable Midas to accelerate growth and continue innovating within the financial services sector. Read the full story covered by Mike Butcher ✍️ at TechCrunch here: https://lnkd.in/dHA_Xfre

Congratulations to Lopay, led by CEO Richard Carter, for its feature in Business Insider's 2024 Fintechs to Watch. Backed by Portage, Lopay is redefining the payment industry amidst a trend of diminishing fees for undifferentiated services. "Lopay is cracking the equation, with lower POS pricing as a go-to-market and business in a box as a value proposition," said Juliette Souliman, Principal at Portage To see the full list, follow the link here: https://lnkd.in/e6-atQhe

Join us today at 10AM ET - As startups increasingly prioritize achieving sustainable profitability, the necessity of meticulous tracking and measurement becomes paramount. We extend a warm invitation to join Portage for an insightful discussion on optimizing marketing impact assessment and refining go-to-market efficiency. In partnership with David Manela of Exactius, Jake Dunlap of Skaled, Simon Lejeune of Wealthsimple and Abel Flint of J.P. Morgan, we will share experiences working across our global fintech portfolio as well as a broader ecosystem of companies including Centage, Adobe, and Cole Haan. Register Here: bit.ly/4ad2gMg

Last week, Portage organized its first Go-to-Market Showcase in Paris and London. Thanks to all the guests who joined us to engage with Jonathan Metrick, Ian Sherman, Hélène FALCHIER, and many CEOs and CMOs on macro, VC, and fundraising trends and how global fintechs are changing their go-to-market approach to achieve sustainable, profitable growth.