The  Digital Finance Institute, with Payments Canada, created the FinTech Cup which had its inaugural competition on June 15, 2016, in Calgary and provided a purse of $25,000.

“We have a young, but robust and growing  FinTech sector in Canada. The Digital Financial Institute is delighted to be working with the Canadian Payments Association, jurists 500 Startups, Darrell MacMullin of BitGold and BCTIA to nurture Canadian FinTech talent and to brand Canada as an emerging FinTech leader”, said the Digital Financial Institute in describing the importance of creating a FinTechCup for Canada.